Can Europe keep up?

I then attended a panel discussion on R&D in Europe, which given the attendees was pretty self congratulatory. HP's VP for Labs is a Brit, and was on the panel. The reason I mention this is that he was the only employee of a global IT company i.e. one not quoted in Europe, who spoke in a plenary session. They sort of said "Great Research, no IT manufacturing" , but why? We do have ICT manufacturers in Telco, including Alcatel, Ericsson, Nokia and Seimens.

Can the European NEP's maintain their leadership? What does Europe's computing hardware poverty mean? Can it compensate with a single market, a vibrant software industry and a well educated work force?

It was also shown that not all these advantages are enough. SAP does very little development in Europe these days, and it was said that innovation rate in Europe is too low, despite a world leading position in many areas.

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