Comment Re: Is that because of the monopoly? (Score 1) 75
Bell Labs was part of AT&T, AT&T was a monopoly, a legal monopoly with one limitation (that it not enter the computer business) and in return it was guaranteed a fixed profit margin.
The more money AT&T spent, the greater profit they made. AT&T was happy to fund expensive 'blue-sky' projects because the expense drove revenues up, which increased profit.
It is FAR from the only, or even majority influence/factor of Bell Labs success, but it was a very, very unique arrangement.