HP’s shrinking R&D

TheStreet.com puts the spotlight on HP’s R&D spending, which it notes has now fallen five straight years as a percentage of total revenue (it totaled $3.6 billion in the fiscal year ended October, 2006 and amounted to 3.9% of total revenue). TheStreet.com puts this against the backdrop of CEO Mark Hurd gaining Wall St. approval for other efforts, such as “cutting costs and boosting profit margins.” Predictably, the company’s CTO argues that R&D spending as a percentage of revenue does not tell the whole story. … Here, CTO Shane Robison has a few more things to say about the company’s R&D efforts.