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In the enterprise, value has shifted gradually from the hardware vendors to the software vendors.  Even companies who are "hardware" companies (Apple and Cisco) are just as known for their prowess in developing software.  Simply said, the software and the applications became more interesting.  Hardware companies either evolved or died.

Here's a story about the light bulb and the electric grid that is worth telling.  The 1800s witnessed John Swan and Thomas Edison developing the electric candle.  Edison, understanding its commercial applications, patented the technology.