Prahbu: You are right that the accounting rules are in favor of bought out R&D and more so in times of rising stock prices.
However if one looks at the long term 5 years & more, one needs to discriminate between Applied research and Pure research. Labs like BELL, Sandia, XRX Parks, MMM Labs are institutions that also do pioneering pure Research work which are likely to be used downstream.
In the field of Optics, Bell is into Quantum computing, Teleporting, Ion Implantation, Polarisation of Molecules, Non Linear Optics, Mini xray lithography, etc. In the field of I.R which is huge, there is a lot of work going on in Image identification, magnification, transmission,Intensifiers etc. Currently Bell Labs I.P is not valued and that does not seem correct.
I.P valuation rules need to be more equitable. |
