Sure, but, the dominant business model would have been that back then too, if the economy supported it at the time. There are, in fact, a lot more companies no

Sure, but, the dominant business model would have been that back then too, if the economy supported it at the time. There are, in fact, a lot more companies now that do what Hewlett and Packard were doing then. One can't reasonably expect that set of companies would grow to infinite size, because the economy can only support so many of these types of businesses. So if we want to define only the former business model as a technology company, the end result would probably be "we've hit the limit of supportable technology companies, there will be no more technology companies until that changes". Because of this, it doesn't really make sense to define it that way[1]. It turns out the economy seems to support more of this other kind of business, so it has become dominant. That too is the natural order of things. Otherwise, this is like OP complaining "man, there aren't a lot of paper mills anymore", when the economy doesn't support paper mills being around anymore. [1] Though it is, of course, reasonable to have liked it better back in those days if you did.