HP’s miniscule R&D budget

NYT on Why HP Fired Mark Hurd:

The way H.P. made its numbers, Mr. House said, was not just cutting any old costs, but by “chopping R.&D.,” which had always been sacred at H.P. The research and development budget used to be 9 percent of revenue, Mr. House told me; now it was closer to 2 percent. “In the personal computer group, it is seven-tenths of 1 percent,” he added. “That’s why H.P. had no response to the iPad.”

Now I know why my HP LaserJet 3055 still won’t scan in Mac OS 10.6.

Saturday, August 14th, 2010, 3:58 pm    Both comments and pings are currently closed.

One Response to “HP’s miniscule R&D budget”

  1. jonathan October 22nd, 2010 at 3:05 pm

    Wow that’s quite disappointing. I know the feeling too, my HP printer won’t scan wirelessly and it’s success at connecting in general to the computer is fairly poor.