Cracked Bell
I blogged about historic Bell Labs a few posts ago and then I saw a disheartening mention in the Wall Street Journal (May 23).
Because of the Telecom collapse, the research budget for Bell Labs has been cut to about $115 million - down from $350 million.
Now the pure research part of the lab is down to 1/3rd of the 1996 level and the focus is limited to telecomm products. How shortsighted!
The companies that have a real future (and that will determine our future way of life) invest heavily in pure R&D. A great example is Microsoft. While they, of course, do research and testing in computer science, they also spend a lot on pure R&D in numerous other areas. Keep that in mind when investigating what stocks to invest in.
10:24:35 AM
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