(See: "AMD Fesses Up").. Investors weren't shocked by Intel's second-quarter net income of $900 million, off 57% from the same quarter last year, and sales of $8 billion, off 13%, nor by its reductions to full-year targets for revenue, margins, research and development spending and capital spending.
It also wants greater help for businesses with investment, including broader incentives for research and development spending and tax-deductible capital allowances.
The research firm lowered the 2005 free-cash-flow estimate by 8% to $1.23 per share based on higher expected capital expenditure and product development spending.
Centrica has been reducing its capital spending on exploration and development spending but says it still needs to find or buy gas if it is going to serve the needs of its 14 million residential customers.
"This ban should generate a significant uptick in both public company research-and-development spending and venture capital financing in the telematics, wireless, voice-recognition and noise cancelation and automotive industries," Lawrence told his clients today in a research note.
Independent variables are university research and development spending and general economic conditions proxied by per capita income and number of high-tech firms while dependent variables are proxied by high-tech employment, number of small firms and venture capital.
They also want to see research and development or capital spending that are higher (as a percentage of sales) or more efficiently used than the average for the companys peers.
With its stock at an all-time high and with over $40 billion in cash, Apple can afford to strategically spend capital on expanding into wireless chip development.
Acadia hopes to raise up to $75 million for research and development and for capital spending.
New Mountain companies have spent more than $997 million on research and development, software development and capital expenditures during New Mountain's ownership.
