Xerox May Sell PARC
from the wow dept
The NYTimes is reporting that Xerox is talking with some venture capitalists about selling its Palo Alto Research Center better known (of course) as Xerox PARC. Considering the mythology and legends associated with PARC this would be a huge surprise. Of course, with all the trouble Xerox is having now (and has always had with commercializing PARC research) it might make sense. Anyone else want to predict just how quickly VCs would destroy PARC?
Comments on “Xerox May Sell PARC”
That sucks.... and it doesn't.
I’m almost thinking that a bigger company would buy it up to prevent further spread of the real R&D departments to non tech-stalwarts… maybe IBM or Lucent would grab it.
But with our luck it’ll be Yahoo! PARC.