Rochester,NY 8/20/2009 1:26:56 AM
Hewlett-Packard Company, HPQ - Hewlett-Packard cut Q3 R&D spending by $228 million
Hewlett-Packard Company
Hewlett-Packard slashes Q3 R&D spending by $228 million or 25.5%, on a year-on-year basis, and by 6.9% when compared to the previous quarter.
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While getting back on R&D, which many companies have done over the past year, is not necessarily a bad thing, HP is betting big that a new open-innovation approach will compensate for the big cuts in traditional R&D.
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