IP: CORPORATE OFFICIALS URGE FEDS TO FUND MORE IT RESEARCH: Edupage, June 27, 2001

[David Farber <dave () farber net>]

> CORPORATE OFFICIALS URGE FEDS TO FUND MORE IT RESEARCH
> Tech industry officials told the House Science Committee's
> Subcommittee on Research that government investment in tech
> research must grow. The government will invest $1.76 billion in
> tech research this year, and President Bush has recommended an
> increase of only one percent for 2002. This is not nearly
> enough to promote long-term tech research, argued 3Com Chair
> Eric Benhamou. Benhamou explained that drawing on their own
> resources, most companies can only afford to invest in
> short-term, product-development research, which does not lead
> to large-scale innovations such as the Internet. Nasdaq Stock
> Market vice chair Alfred Berkeley told the committee that
> companies will not invest in long-term research because it poses
> too great a risk to their bottom line. Anita Jones, a professor
> of engineering at the University of Virginia and vice chair of
> the National Science Board, said a lack of government investment
> will affect the quality of research done at the nation's
> universities.
> (Computerworld Online, 27 June 2001)



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