In my May file I talked about the "...

In my May file I talked about the "innovation crisis" that has hit many technology-based industries. After attending the International Appliance Technical colloquy I commented on what I saw as the appliance industry's increasing focus onward short-term returns. By curtailing R&D investment, the industry is opening the door wider to international competitors and just discovered smaller, more nimble domestic competitors that are poised to quickly swallow up market share.

The rejoinder I received from that article was positive. I had hit a firmness And the situation appears to be getting worse. Since writing the article, I've