It is great returning after some days away and finding so many adults and so many fewer MSFT "groupies" in the Parlor.
It is good that others are now integrating the non-MSFT realities, such as the emerging natural alliances between INTC, SUNW, NSCP, ORCL, IBM, in forecasting future markets.
While I was disappointed to see ROWMCLAN regressing when he became abusive with RESAA, still an earlier discussion between us needs to be carried forward too.
That is that MSFT can remain phenomenally successful in the long term for current shareholders if it spins itself centrufugally by dividing itself into separate operating companies for OS, APPS, etc. Then its considerable pool of talent can go to work in ALL domains, ALL processor types, even into JAVA -- real JAVA -- instead of being anchored to the Windows "junkheap". The synergies that would then be possible between each and all of the various new entities with the entire market would multiply many fold the value of the whole beyond the current prospects for a vertically integrated MSFT.
So, a long position in MSFT is not really stupid so long as holders understand the immanent P/E collapse to which so many have alluded.