>The stock market is all about the future, not the past. A lot of people see Microsoft's future as being less profitable than its past. That's why people belittle it.

Google's stock is worth less than what it was 4 years ago, it has also basically stagnated.

> but they make less money than they used to

No, they make more money in absolute terms than they used to. Their margins went down because they're investing more in mobile and tablets.