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Nortel Still Canada’s R&D King
By Mark Evans | October 18, 2006
Once again, Nortel topped Canada’s R&D spending list with $2.25-billion in 2005 even though this was a 12% drop from 2004, according to Research Infosource Inc. This placed it well ahead Bell Canada, which was second with $1.74-billion. Overall, the 100 biggest companies spent $12-billion, a 4.9% increase. “The R&D outlook is optimistic,” Ron Freeman, CEO with Research Infosource. “Spending has increased at over two-thirds of the top 100 companies, and in many instances, growth in R&D investments, exceeds revenue growth.” Not that it’s relevant to Nortel or the telecom sector but Microsoft plans to spend $7.5-billion on R&D this year, $1.3-billion more than expectations.
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Topics: R&D |
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