I don't really know what I'm talking about, but weren't there like 9 Nobel prizes awarded to Bell Labs engineers for physics? One of which (I think) being the invention of the transistor, which presumably had a patent.
You make several good points. However I'm not sure if Bell Labs people were different from university people in terms of their academic background. All three, Shockley, Bardeen and Brattain were Physics PhDs, two of them from elite universities. I was trying to say that brilliant engineers do not disproportionately figure in the list of Physics Nobel prize. In fact they are hardly to be seen.