So..what does this mean
The world's largest technology company says a major reorganisation of research efforts last year will help it survive the downturn and secure its future.
In 2008 HP announced a "groundbreaking" move to align the work done in its labs more closely with business goals.
"Our approach has positioned us well to innovate in today's economy," said HP Labs director Prith Banerjee.
"R&D is the pipeline for future growth of the company," he said, ahead of the first annual report on the move.
One of the major shifts in how the labs now operate is to include the company's business unit in helping decide which research projects should be funded and which should not.
"This approach which we took before the recession hit has positioned us well to innovate in today's economy," said Mr Banerjee.
He admitted that had they not "sharpened their focus", business managers today would be asking: "In this economy why are you doing this?"
In fact when it comes to the economic downturn, Mr Banerjee said it is not a major focus of concern.
"We are not looking at the recession," he told the BBC. "We are looking at investment in technology for the long term so that HP is fully prepared to provide its customers with a variety of choices when we get out of the recession.
"Innovation is not for the next quarter, it is for the next two years, five years from now. The key is to invest in innovation that truly matters."
"Moved the needle"
HP Labs was formed more than 40 years ago by company founders Bill Hewlett and David Packard to focus on the future and not be hidebound by day-to-day business concerns.
While it is a company primarily known for making printers and photocopiers, the work done in the seven labs dotted around the world has been varied.
Over the years, HP has been responsible for giving us the atomic clock, light-emitting diodes or LED's, DNA analysis and computational fluid dynamics.
Originally Posted by ElMikeTheMike
I hate to be a douche, but why put the link in "code"? It's nice to just be able to click the source.