During the testimony of Nortel, it became evident that the LTE technology from 1998...they claimed it was a smaller project, around $50 million when it went into development. Then in the last couple of years, despite not being able to have access to SR and ED credits, they spent over $300 million. Does that speak to the importance of this LTE technology, that the company would invest so massively into this to bring it to conclusion? Is that the real reason they would do it, or was it timing? What type of other comparative could there be in terms of that massive investment in R and D despite not being available for any tax credits? Is that a normal situation in your industry?
On August 7th, 2009. See this statement in context.