“American firms have been laying-off their engineering staffs for years. In today’s world of MBA-managed companies, R&D is perceived as not being a good use of money. Apple is an exception and over the last several years they have been producing one great product after another. HP worried about keeping up with Apple so Apotheker — like Lew Platt back in 1999 — decided to punt. Apotheker decided to no longer compete with Cupertino. He said as much this week.”
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