David, I respect your calculation, however , you got to understand that we are now
in a period of technical revolution, which is "Information Technology", that will
change the life style of everyone in this world, and the key to enjoy that benefit is that you have to have at least one PC. Think about that we can now discuss the stock of MSFT on this thread with people from allover the world, and which was almost impossible even 7 years ago. We are now in a different kind of economy, i.e "digital
Economy", it will be wrong to do your calculation based on the traditional way.
Now let's talk about Microsoft, microsoft is in a business of software, and its business
will drive the progress of Digital Economy, and the revolution of information technology. Think about that , if MSFT do not support the 1394 in its software,
the fibre channel optical technology will not fly, if MSFT will not support the 64bit
software, the INTEL Mercede will not fly... etc, so, MSFT is in the forefront and driving position of this Technical revolution. All sign had indicated that MSFT is now paving the way for the future E-Commerce business, look at its banking
and real estate board on the internet ...etc. So, your traditional way of calculation
about MSFT's PE won't play here. MSFT is in its infancy of its future explosive growth !!! |
