growth is relative

I was struck by an article yesterday (that I can't link to because of a combination of the national post's poor search engine and silly registration policies) that was another of many talking about the M$ no longer being considered a growth stock.

The fascinating number was the growth in revenue for M$ over the last 12 months. $4.5b. Larger than Yahoo or eBay or twice Google! Just the growth.

And this is all before xbox or MSN make a meaningful contribution.