PALO ALTO, Calif.--Hewlett-Packard unveiled a new plan for its research arm, HP Labs on Thursday at its Silicon Valley headquarters, saying it will sharpen its focus into fewer specific projects and promising a greater emphasis on exploratory research.
The change is being instituted by new HP Labs chief Prith Banerjee, who came to HP in August after two decades in academia.
"The approach (HP Labs) took before was appropriate for its time," Banerjee said. The change is mostly driven by the speed at which individuals and enterprises demand information today. "As the Internet becomes the primary … Read more