When I started investing in MSFT in the 1980's, I was afraid to invest too much money because I'd never before invested in a stock with a P/E of 50.
I've watched it grow, split, grow, split, grow and maintain the P/E and the growth rate. While I see tremendous potential in their new set-top and distribution channel investments, I think they are just fine for 1998 and I think I'm Foolish enough now to be sure NOT to sell or short a decent stock. And this is a VERY decent stock.
Or course, if something happened to Bill....
Meantime, I'm just waiting for the next split announcement.