This kind of balance sheet punditry is silly, it's just numbers and no context. Since the beginning Amazon's top priority has been growing revenues. If they started pursuing margins as aggressively as they've been pursuing growth they could probably drop that P/E pretty quick.

I don't think Microsoft is too eager to have another run-in with the FTC.

The only way that would happen is if Adobe went crying to the FTC... which they would, which is why Apple offers first-class PDF support in the OS and Microsoft doesn't.

An Adobe acquisition would render this a moot point. Full .PDF support would show up in Windows very quickly, which wouldn't be a bad thing IMO.

Strange that out of all the TV makers Sony is a partner with Google on this. Google is only showing off media apps in the video but games are coming soon, so Sony will be selling Bravias with a built-in Playstation competitor.

I highly doubt that a TV with an embedded ARM processor running Android is any serious competitor to a state of the art game console with the ability to run 1080p 3D graphics, use seven controllers, and store massive amounts of game assets on Bluray disks. They don't even compare IMO. And yes, I have a PS3 and a Roku box and a TiVo HD...

I don't think it's the hardware but getting your TV/movies from "ten-foot" web sites competes with Playstation Network.

I think Playstation is actually a separate company (SCEI) from Sony TVs. Although given the way Sony Music sabotaged the Walkman division, I wouldn't be surprised if SCEI tried to sabotage Google TV.

Would "top talent" really be that bad at simple math?

Yes. You'd be surprised at how many people can tell you the number of options they have, but not the percent of the company/equity/employee pool those options represent.

Unfortunately, there are a fair share of companies that refuse to disclose total outstanding shares.