Plenty of other organisations, (IBM, Xerox...) have equally-sad stories.
Genuine transformational innovation ignored by the senior management...who in the case of IBM, then Microsoft, were focused exclusively on two things:
1. Screwing their customers
2. Screwing their competition
IBM got their comeuppance, and had to reinvent themselves as the "services" company we know and love (ahem) today.
A far cry from the company that had Nobel prize-winning people on their R&D teams.
Now its Microsoft's turn.