Wall
Street Journal: Like many other technology companies,
Hewlett-Packard is in the process of making layoffs and other
cost cuts. In the quarter ended 30 April, HP’s selling,
general and administrative expenses dropped 13% from the same
period last year and its research-and-development budget fell
by almost 20%.But when it comes to advanced
research—far-reaching projects that might not turn into
profits for years—HP says it’s still investing.
Next week, the company’s long-term research division, HP
Labs, plans to announce an expanded program of grants to
university researchers to pursue a variety of projects. HP
won’t disclose the amount of money it’s spending on
the grants, but says the budget has increased 30% since last
year when the program started.
