Investment on R&D and technology innovation has been slowing down a lot lately

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(Continued) The RFS Newsletter, Oct. 21, 2006. Page 8
Bourne, whose company offers venture capital funding to technology-based firms, said he also noticed that investment on R&D and technology innovation has been slowing down a lot lately and that "VC funding has not been as significant as it was less than ten short years ago." Noss and Trossman agreed, and added that some recent innovations are actually re-applications of existing technology or the amalgamation of several similar technologies, but that attempt to address new needs in today's environment.

In developments on Thursday, and with more than 40 percent of China's search market, leading search property Baidu will distribute MTV programs and certain music videos on the Chinese Internet, under a licensing agreement announced Oct. 18 with MTV Networks. Overall, Baidu's deal with MTV includes programming from other MTV channels, including SpongeBob SquarePants and Dora the Explorer. The two companies aim to generate cash from advertising and by charging for some downloads.

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