I wouldn't believe "forward" anything :). If Salesforce.com goes back to 9% net profit margin next yr, its P/E will become 80. A P/E that's 1.5-3x that of MS is

I wouldn't believe "forward" anything :). If Salesforce.com goes back to 9% net profit margin next yr, its P/E will become 80. A P/E that's 1.5-3x that of MS is reasonable, since MS's revenues are not growing much.