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by huxley
5018 days ago
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Cheap relative to their revenue, $2.4 billion is still a LOT of money. Bell Labs in 1982 had an annual budget of $1.6 billion which in 2012 dollars comes to about $3.6 billion. I believe Xerox PARC had a relatively petite budget of $17 million or so in 1979, so incoming dollars are probably a very imprecise measure of R&D quality. |
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