Time should prove that MSFT is not really an ideal growth stock anymore, and may be much worse. Competition is increasing under the radar for their core businesses of OS and Office Suite. Not good, because this time the competition is legit. Browser losing share to Apple, Firefox, and even Chrome. X-box losing to Wii. Zune losing to Apple. Live losing to Google. Cellphone OS losing to Apple, Android, and RIMM. Balance sheet getting riskier as they spend their cash. Microsoft is one of the world's greatest companies, but they are going to have to re-invent themselves before the decade is over. That may cost them some share price points.