Measuring "glory days" by total spending is a red herring. I can think of a lot of places where spending is going down, but opportunities are going up, as value

Measuring "glory days" by total spending is a red herring. I can think of a lot of places where spending is going down, but opportunities are going up, as value is taken away from the big dogs by entrepreneurs. Imagine all of Microsoft Office installations were replaced by software-as-a-service startups at 1/3d the cost. Microsoft would lose $15 billion a year, but a bunch of startups would make $5 billion/yr between them.