HP CEO Meg Whitman: 12 Signs HP Is Starting The Year Off Right

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A More Sharply Focused R&D Effort

We are spending more [on R&D] but what is really important is we are spending a lot more against the things that matter. The R&D budget was very diffused.

And so what we did is we said, 'Let's see where we want to make bigger, more important, bets as opposed to a peanut butter R&D allocation. Where do we really want to make the bets? And so we narrowed the focus.

So we have taken a huge chunk of the HP Labs budget and said let's do a small number of things really well.

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