Microsoft has been reasonably candid about the state of the tech industry. Gates and Ballmer both warned, during the tech boom of the 90's, that MS shares were vastly over-valued as were shares for other companies. They predicted the bubble would burst with a devastating effect, but few would listen then. The other companies were to busy counting up the hoped for profits they would never see. This was repeated in the 2000's by the real estate and banking industries who also acted as if the party would never end...
By the way, does anyone know the ststaus of the patent infringement suit Microsoft brought against Apple for the "page turn" feature on the iPad and other products?...