The author seems to be taking an awfully narrow view of innovation, as if it only matters what occurs in front-page consumer electronics. All of the big companies he names are quite innovative in commercial software and hardware in systems like industrial control, telecommunications and finance that are too complex and specialized to make the splashy tech news. Occasionally news of some big company innovation like IBM's new mainframe makes it to the front page, and reading about the history and technical details of an achievement like that gives some realization of the magnitude of technical progress and innovation going on behind the scenes.