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Is R&D in the U.S. losing focus, or just shifting focus? Pundits in recent years have taken to bemoaning a retreat by U.S. industry from basic research in science and technology. And indeed, it's easy to cite research labs whose glory days have come and gone -- Bell Laboratories comes to mind. But consider this: IBM, Microsoft and Hewlett-Packard together spend $17 billion annually on research and development.