I've been making this exact comparison for years at this point.

Both inherited companies with market dominant core products in near monopoly positions. They both kept the lights on, but the companies under them repeatedly fail the break into new markets and suffer from a near total lack of coherent vision and perverse internal incentives that contribute to the failure of new products. And after a while, the quality of that core product starts to stumble as well.

The fact that we've seen this show before makes it all the more baffling to me that investors are happy about it. Especially when in the same timeframe we've seen Satya Nadella completely transform Microsoft and deliver relatively meteoric performance.