HP Underspends On Research And Development
Ink company HP is underspending on its research and development (R&D) work, it has been found.
Forbes has reported on findings from Moody's senior vice president Richard Lane, who assessed the ink specialist's spending habits in a new report, discovering that there are "clear signs of decay".
"We believe approximately three quarters of HP’s revenue base has low revenue growth prospects and has commodity characteristics that limit the ability to differentiate through R&D," Mr Lane explained in his report.
He went on to say there is "no magic bullet" for HP to suddenly revive its broad portfolio of products, adding that it should instead consistently invest in R&D to match the broad competitive landscape.
HP's chief strategy officer Mohamad Ali recently commented on the business' state, telling CRN.com that chief executive Meg Whitman's pledge to remain at the company will be key to its recovery.
Mr Ali explained that he took his post after being motivated by Ms Whitman's pledge. Posted by Barry Ashmore.