If you're in the high technology business, you need to look ahead. The ball keeps moving.

We've always had a more pragmatic view of our business. You can describe our mission in two words: technology transfer.

We understand even though the price of technology is coming down and incomes are rising, there are lots of non-economic obstacles to the adoption of our technology.

I would never underestimate that team. But right now the rate of change seems to be moving against them.

This collaboration highlights HP Labs and Hitachi Labs' common interest in security research and our aim to bring about secure systems and infrastructure technologies for modern enterprise needs. HP and Hitachi have had technology alliances that have spanned 16 years, and this is an extension of our partnership to further leverage our research and development.

Forty years ago, few imagined personal computers, the Internet, the World Wide Web and inexpensive color printers or cameras that operated without film. HP Labs researchers were among those who did and who worked, in fundamental ways, to help create the world we enjoy today.