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I don't have the R&D numbers in front of me, but if you look in the 1996 and 1997 annual report, you will see that total R&D spending has decreased, which is one of the few things about this company that troubles me. But, possibly, mangement needs that cash to take advantage of opportunities past R&D spending has given. Still, a company which claims to product technology has to be careful not to short change the future.
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