*NEWS*HP TO OPEN RESEARCH LAB IN RUSSIA

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*NEWS*HP TO OPEN RESEARCH LAB IN RUSSIA

 user 2007-01-23 at 10:08:00 am Views: 55
  • #16940

    HP to open research lab in Russia
    HP
    is opening a research lab in Russia, a country that some believe could
    be technology’s next major outpost.HP’s Russian lab will concentrate
    primarily on core IT issues such as data extraction, information
    management and utility computing. The country and its university system
    are particularly strong in computer science and maths.”We will tap into
    the analytic talent that is there,” Shane Robison, an HP executive vice
    president and chief strategy and technology officer, said in an
    interview. Recruitment efforts are beginning, and the lab will be
    located in St Petersburg.Like other tech companies, HP has had a global
    presence for years and has operated in Russia as well. But business
    outside the US borders is increasing in importance. More than 60
    percent of HP’s business now comes from overseas, Robison noted.The new
    lab will essentially allow HP to tap into the local talent pool, but
    also serve a diplomatic function by letting HP ensconce itself better
    into the business and scientific community. HP has opened labs in China
    and Bangalore, India, in the last few years. HP has also sponsored
    energy conferences in Russia.Scientists in Russia make far less than
    their counterparts in Japan, Western Europe or the US. But HP is not
    opening the lab to cut costs, Robison said. China and India have shown,
    for example, that salaries for talented scientists rise rapidly.To
    date, Russia has mostly been a foiled dream for futurists and IT
    investors. The country’s large size, wealth in natural resources and
    long history of scientific achievement give it many of the ingredients
    of a potential boom market. Russians have also been behind companies
    such as SeaLaunch, a private rocket launching service, and Yandex, a
    search engine.Corruption, political turmoil and intellectual property
    issues, however, have hampered the development of a tech industry in
    Russia to rival that in China or India. Many investors also complain
    about the lack of an entrepreneurial culture there.