Didn't RTFA to know this: At least IBM is still doing R&D, and has been for quite some time. That is usually the first budget item to be slashed in economic downturns and I am grateful that big blue (notice not capital B on those) is still doing it's part to better our computing environment. On a personal note I joined a banking company years ago, one of the reasons was because they had an R&D division (not to date myself but that was the Windows NT era). That was an early goal of mine to strive towards that division plus I liked the philosophy of the company that had a R&D aspect - you can grow your core business while still pursuing (chasing?) something big. As good or as bad as IBM is, it is still in the R&D game while living off, correct me if I'm wrong, it's mainframe fortunes.