2006 The top 800 UK & 1250 Global companies by R&D investment
2006 The top 800 UK & 1250 Global companies by R&D investment
2006 The top 800 UK & 1250 Global companies by R&D investment
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<strong>The</strong> R&D Scoreboard ExplainedDefinitions:<strong>The</strong> increase or decrease in R&D over the averageR&D per year for the preceding 4 years, i.e:(current R&D - average R&D for preceding 4yrs)(average R&D per year for previous 4 years)Increase or decrease in R&Dover the previous financial year.R&D <strong>investment</strong> for the latestfinancial year in £m.This line gives totals forthe whole of the <strong>UK</strong>pharmaceuticals sector.Exchange rates given in notes.R&D plus Capex as % sales fromwhich Capex intensity can bederived using previous column.R&D as % sales = R&D intensity.R&D as % of operating profit.Operating profit £m whichis profit (or loss) beforetax, less any Governmentgrants, plus net interestpaid (or minus net interestreceived) less gains (orplus losses) from the sale/disposal of businesses orfixed assets.Change in operatingprofit from previousyear.4-year growth(see definitionunder R&D,column 3).Operatingprofit as %sales =profitability.Sales and changes in sales.Sales per employee andchanges in this ratio.Consolidatedaverage numberof employeesfor the year.Changes inthe number ofemployees.R&D per employee,one measure ofknowledge intensity.Changes in theR&D peremployee ratio.Market capitalisationas of 4 August <strong>2006</strong>.Market cap is theproduct of share priceand number of shares.Sales outsideregion e.g.outside Europefor European<strong>companies</strong>.–––––––––––––––––– 2005/06 R&D <strong>investment</strong> –––––––––––––––––– ——–—–– Operating profit ——–—–– ––––––––––––––––– Sales and employees ––––––––––––––––– ————––—–––—— R&D and employees ——–—––——––––—–––––––––– Sales –––––––––– ––––– Sales / employee ––––– ––––––––– Employees ––––––––– ––––– R&D / employee ––––– Sales––––– Growth ––––– operating R&D + ––––– Growth ––––– ––––– Growth ––––– –––––– Growth ––––– ––––– Growth ––––– –––––– Growth ––––– outside –––Market cap –––change change profit sales capex as change change sales change change change change change change change change region changeCompany £m 1 yr % 4 yr % % % % sales £m 1 yr % 4 yr % % £m 1 yr % 4 yr % £000 1 yr % 4 yr % number 1 yr % 4 yr % £000 1 yr % 4 yr % % £m %33 Pharmaceuticals & biotechnology 6816.54 -1.6 6 62.8 14.3 18.7 10851 12.5 25.2 22.7 47701 8.3 14 220.5 7.7 11.8 216309 0.6 1.3 31.5 -2.1 4.8 63 n/a n/aGlaxoSmithKline 3136.00 10 12 45.3 14.5 19.1 6926 12 20 32.0 21660 6 4 217.7 7 9 99503 0 -5 31.5 11 17 68 83331 9AstraZeneca 1968.20 -11 3 52.0 14.1 17.6 3787 36 54 27.1 13950 12 28 215.0 11 16 64900 1 11 30.3 -12 -6 n/a 50344 20Pfizer ** 350.48 -41 -31 n/m 35.8 47.0 -9 -102 -102 -0.9 979 -10 7 169.8 -14 -7 5768 4 17 60.8 -43 -40 n/a n/l n/lShire 167.26 49 46 n/m 18.0 22.5 -96 -245 n/m -10.3 932 23 33 445.7 12 12 2090 10 18 80.0 35 23 n/a 4226 34Data for an individual company,e.g. GlaxoSmithKline.Foreign-owned <strong>UK</strong><strong>companies</strong> are shown initalics with twoasterisks**. Private<strong>companies</strong> appear initalics with no asterisks.Indicators:<strong>The</strong> change in R&Dover 1 year or overthe average of thepreceding 4yrs shouldbe compared withthe correspondingchanges in sales tosee whether the R&Dintensity (R&D as %sales) is increasing ordecreasing.Pharmaceuticals is anR&D intensive sectorwith R&D as % salesabove 14%. <strong>The</strong>reare several sectorswith intensity anorder of magnitudeless than this. Acompany's R&Dintensity should becompared with theclosest internationalcompetitors in itssector.A minus (-) signindicates anoperating loss.<strong>The</strong> Capex intensity (Capexas % sales) can be derived<strong>by</strong> subtracting the R&Dintensity from this figure; theCapex intensity for the <strong>UK</strong>pharmaceuticals sector is4.4% Some sectors likepharmaceuticals have R&Dmuch larger than Capex;others, like oil & gas, haveCapex much larger than R&D.An increase in sales mayrepresent growth of thebusiness or an acquisition.A step change over oneyear in the number ofemployees often indicatesthe latter.An increase in operatingprofit may be due toincreased sales, increasedmargins or reductions inR&D or the number ofemployees. Other columnshelp to decide which mayhave occurred.Knowledge intensive<strong>companies</strong> such asphamaceuticals &biotechnology have highR&D per employee.Sales per employee is anindicator of labourproductivity. Care isneeded, however, sincesome <strong>companies</strong> need tobuy in expensive rawmaterials which inflatethe sales figure. Valueadded per employee is abetter measure but is notavailable for US andJapanese <strong>companies</strong> thatfollow US GAAP.<strong>The</strong> percentagechange in marketcap is calculatedfrom market capat 12 August 2005.Unlisted<strong>companies</strong>do not havea marketcapitalisationand n/l appearsin thesecolumns.2 <strong>The</strong> <strong>2006</strong> R&D Scoreboard<strong>The</strong> 2005 R&D Scoreboard 3
Ranking of the <strong>top</strong> <strong>800</strong> <strong>UK</strong> <strong>companies</strong> <strong>by</strong> R&D <strong>investment</strong> within industry sectors–––––––––––––––––– 2005/06 R&D <strong>investment</strong> –––––––––––––––––– ——–—–– Operating profit ——–—–– ––––––––––––––––– Sales and employees ––––––––––––––––– ————––—–––—— R&D and employees ——–—––——––––—–––––––––– Sales –––––––––– ––––– Sales / employee ––––– ––––––––– Employees ––––––––– ––––– R&D / employee ––––– Sales––––– Growth ––––– operating R&D + ––––– Growth ––––– ––––– Growth ––––– –––––– Growth ––––– ––––– Growth ––––– –––––– Growth ––––– outside –––Market cap –––change change profit sales capex as change change sales change change change change change change change change region changeCompany £m 1 yr % 4 yr % % % % sales £m 1 yr % 4 yr % % £m 1 yr % 4 yr % £000 1 yr % 4 yr % number 1 yr % 4 yr % £000 1 yr % 4 yr % % £m %All <strong>companies</strong> composite 19228.66 3.9 -0.5 15.1 1.7 7.5 126880 14.1 79.1 11.3 1124076 6.9 20.2 208.5 2.8 16.9 5391973 3.8 3 3.6 -0.2 -13.2 41 n/a n/a1 Aerospace & defence 2521.95 21.3 14.5 94.1 8.4 11.7 2680 104 141.5 8.9 29945 14.7 11.1 146.0 8.2 18.2 205156 6 -4.5 12.3 14.4 28.8 54 n/a n/aBAE Systems 1449.00 31 41 161.9 13.2 16.0 895 164 542 8.1 11019 20 27 148.9 12 20 74000 7 6 19.6 22 34 59 11586 8Rolls-Royce 352.00 25 16 40.0 5.3 9.1 879 153 232 13.3 6603 11 11 185.5 10 20 35600 1 -7 9.9 23 25 71 7728 27Airbus ** 343.00 -1 9 n/m 16.6 23.0 -2 n/m n/m -0.1 2068 21 26 204.0 14 12 10135 6 13 33.8 -6 -3 4 n/l n/lSmiths 143.60 5 17 46.1 4.8 8.5 311 6 -6 10.3 3017 10 -14 105.8 3 9 28509 7 -22 5.0 -2 36 72 5094 1Goodrich Controls ** 52.20 18 n/a >999.9 14.6 17.5 1 n/a n/a 0.3 357 20 n/a 119.2 21 n/a 2994 -1 n/a 17.4 19 n/a 34 n/l n/lCobham 42.90 -12 15 30.0 3.9 7.5 143 6 22 13.1 1090 11 33 101.8 2 8 10715 9 24 4.0 -19 -6 62 1818 18Meggitt 30.77 11 28 30.0 5.0 7.7 102 51 76 16.6 616 29 43 108.5 0 0 5682 28 42 5.4 -13 -10 62 1254 -7Messier-Dowty ** 21.68 32 28 145.9 11.5 14.2 15 13 23 7.9 188 9 2 200.0 9 1 939 0 1 23.1 32 28 14 n/l n/lUltra Electronics 17.29 12 42 36.1 5.1 7.2 48 31 51 14.0 342 7 24 118.9 0 7 2880 8 16 6.0 4 23 50 678 19Short Brothers ** 15.52 104 n/a 49.4 3.3 5.7 31 -37 -15 6.7 472 -8 2 88.5 -5 17 5330 -3 -15 2.9 111 n/a n/a n/l n/lAMS(now BAE Systems Integrated System) ** 14.49 54 77 59.2 3.0 6.0 24 -26 17 5.2 475 -3 8 116.1 3 13 4093 -6 -5 3.5 65 88 n/a n/l n/lWestland Helicopters ** 12.57 4 -22 24.8 1.4 2.4 51 -29 -26 5.7 890 -10 -13 271.2 -8 -5 3280 -2 -9 3.8 5 -13 26 n/l n/lMBDA ** 7.20 10 37 32.7 0.8 3.2 22 n/a n/a 2.4 917 41 129 274.8 35 102 3337 4 15 2.2 6 20 4 n/l n/lHampson Industries 4.83 135 n/a 130.7 4.6 12.2 4 64 628 3.5 104 34 36 71.2 12 23 1468 20 10 3.3 96 n/a 36 135 105Martin-Baker (Engineering) 4.43 23 -28 27.1 3.8 5.2 16 6 28 14.2 115 0 14 142.7 1 12 807 0 2 5.5 24 -30 n/a n/l n/lChemring 3.75 -38 -26 21.7 2.8 8.1 17 0 35 13.0 132 5 21 80.1 4 17 1654 1 4 2.3 -39 -29 70 427 167Thales Optronics ** 1.51 43 23 12.3 1.4 2.2 12 n/a n/a 11.1 111 52 90 221.3 50 89 501 2 0 3.0 40 23 18 n/l n/lTRL Electronics 1.47 96 n/a n/m 6.6 16.6 -1 -171 -200 -5.2 22 38 58 119.7 6 8 185 30 45 7.9 51 n/a 13 n/l n/lMcKechnie Aerospace * 1.10 10 n/a 13.1 0.6 3.7 8 -38 n/a 4.3 196 -13 n/a 124.9 -1 n/a 1565 -12 n/a 0.7 24 n/a 81 n/l n/lVT 1.06 27 -13 1.7 0.1 2.1 62 28 122 8.7 711 18 40 71.6 -1 9 9924 19 28 0.1 7 -33 40 859 42General Dynamics ** 0.93 28 35 2.4 0.2 1.1 38 64 254 8.2 469 23 133 438.1 -9 44 1070 35 79 0.9 -5 -27 1 n/l n/lCastledon 0.65 14 93 36.0 2.1 8.2 2 23 -51 5.9 30 14 1 62.4 9 1 488 4 1 1.3 9 88 64 n/l n/l2 Automobiles & parts 1248.97 -7.1 -12 n/m 4.6 9.8 -192 n/m n/m -0.7 27400 5.3 6.8 168.3 7 17.5 162845 -1.6 -9.6 7.7 -5.6 -3 n/a n/l n/lFord ** 689.00 -10 -17 n/m 6.9 11.2 -416 n/m n/m -4.2 9940 2 -1 360.1 3 32 27600 -1 -27 25.0 -9 11 11 n/l n/lLand Rover ** 231.80 2 14 n/m 6.8 17.3 -106 -223 -954 -3.1 3404 1 15 313.1 12 28 10870 -9 -11 21.3 13 27 36 n/l n/lGKN 88.00 -1 1 83.8 2.4 8.3 105 n/a -27 2.9 3648 5 8 98.5 3 7 37047 1 0 2.4 -2 1 n/a 1982 -8Automotive Holdings ** 70.10 10 -6 58.7 2.6 6.6 120 220 44 4.5 2654 34 4 122.0 38 16 21759 -3 -10 3.2 13 5 n/a n/l n/lVisteon ** 53.00 -8 -23 n/m 13.9 19.4 -60 n/m n/m -15.6 381 -9 -5 123.9 -4 6 3076 -5 -10 17.2 -2 -14 16 n/l n/lTI Automotive ** 18.50 -11 -23 34.6 1.2 7.4 53 4 -28 3.5 1533 2 1 73.1 4 5 20970 -2 -3 0.9 -9 -21 n/a n/l n/lDelphi Diesel Systems ** 17.12 -48 -33 358.7 5.8 10.5 5 133 n/a 1.6 296 2 21 117.7 7 32 2520 -5 -9 6.8 -45 -27 n/a n/l n/lLEAR ** 11.64 -34 -37 782.1 8.0 12.6 1 -89 n/a 1.0 145 -29 -24 138.7 -1 27 1045 -28 -41 11.1 -8 5 n/a n/l n/lDana Investments ** 10.57 -10 -16 174.0 3.9 10.6 6 -34 n/a 2.3 269 -5 -23 99.8 18 24 2698 -19 -38 3.9 11 33 8 n/l n/lAvon Rubber 9.14 31 56 n/m 3.8 7.3 -2 -118 -126 -0.8 240 0 -6 56.1 2 1 4270 -1 -7 2.1 33 66 46 54 -10Wagon 8.80 -19 -21 41.7 2.1 8.2 21 486 46 5.1 417 -7 -12 95.0 2 12 4391 -10 -22 2.0 -10 -1 0 250 117Calsonic Kansei Europe ** 7.19 -37 -28 n/m 3.4 8.5 -28 >-999 n/m -12.9 214 4 1 130.3 17 19 1644 -12 -16 4.4 -29 -14 0 n/l n/lTorotrak 5.21 2 -6 n/m 253.7 257.6 -5 n/m n/m -253.0 2 285 623 23.9 329 789 86 -10 -24 60.6 14 23 n/a 34 -49Pirelli ** 5.01 11 -1 71.3 0.5 2.0 7 -35 n/a 0.8 919 17 14 285.9 22 48 3215 -4 -24 1.6 16 30 6 n/l n/lLotus ** 3.92 49 -51 n/m 2.4 5.4 -4 -213 n/m -2.3 162 12 6 107.3 5 18 1508 7 -12 2.6 39 -39 68 n/l n/lSumitomo Electric Wiring Systems ** 3.38 30 43 25.8 1.4 11.0 13 13 278 5.6 235 22 92 27.1 1 2 8673 22 87 0.4 7 -25 0 n/l n/lZytek * 3.28 14 23 >999.9 40.3 41.4 0 n/a -99 0.1 8 -15 -31 62.1 1 -30 131 -16 -5 25.0 36 31 52 n/l n/lBMW Manufacturing ** 3.21 -15 -33 5.1 0.2 4.2 64 -11 493 3.6 1744 8 88 538.8 7 77 3237 1 15 1.0 -16 -43 0 n/l n/lCooper Tyre & Rubber ** 2.91 -9 -23 19.2 1.2 5.1 15 -15 90 6.4 236 4 17 99.5 0 15 2372 4 2 1.2 -12 -24 n/a n/l n/lDenso Manufacturing ** 2.61 -26 -33 38.1 1.3 5.6 7 212 119 3.4 202 -3 6 137.4 8 4 1472 -10 2 1.8 -17 -35 0 n/l n/lAntonov 2.20 76 92 n/m n/a n/a -3 n/m n/m n/a 0 n/m -100 0.0 n/m -100 21 24 24 104.8 42 56 n/a 17 -43Michelin Tyre ** 1.34 -9 17 12.1 0.2 2.7 11 -23 >999 1.7 663 8 12 196.1 12 30 3384 -3 -16 0.4 -6 29 0 n/l n/lAlbion Automotive ** 0.55 -34 -49 22.3 0.8 2.2 2 156 103 3.5 71 2 -13 113.7 13 31 628 -10 -35 0.9 -27 -23 n/a n/l n/lDunlop Aircraft Tyres ** 0.50 -12 -6 363.8 3.3 7.3 0 -75 -91 0.9 15 3 0 66.5 -1 -3 228 4 3 2.2 -16 -8 40 n/l n/l3 Banks 705.10 20.3 n/a 2.6 0.9 0.9 27220 10.1 51.2 33.1 82191 14.2 46.7 148.0 2.2 16.6 555381 11.7 27 1.3 7.7 n/a 40 229366 9.1Royal Bank of Scotland 329.00 9 n/a 4.1 1.3 1.3 8029 10 43 31.0 25902 11 40 178.8 2 13 144900 9 24 2.3 0 n/a 18 55422 12HSBC 244.64 34 n/a 2.1 0.7 0.7 11803 7 64 35.2 33572 12 59 126.6 4 25 265285 8 30 0.9 23 n/a 66 109973 7Barclays 68.00 45 n/a 1.3 0.4 0.4 5280 16 39 30.5 17333 23 41 186.8 2 17 92<strong>800</strong> 21 21 0.7 20 n/a 27 41362 11Standard Chartered 51.26 6 n/a 3.3 1.3 1.3 1562 19 73 39.1 3996 27 44 91.0 -3 0 43899 32 45 1.2 -20 n/a n/a 18039 12Alliance & Leicester 12.20 144 n/a 2.2 0.9 0.9 547 -2 13 39.4 1387 -1 3 163.2 1 10 8497 -2 -7 1.4 150 n/a 0 4570 n/a4 Beverages 29.01 40.6 -36 0.7 0.1 4.9 4238 -3.1 20.1 16.9 25090 5.8 9.7 256.4 -6.1 19.5 97870 12.8 -10.8 0.3 24.4 -34.9 56 n/a n/aDiageo 16.00 45 -49 0.8 0.2 4.2 1920 -15 -9 21.2 9036 2 -15 393.5 5 61 22966 -3 -53 0.7 50 22 56 25802 12SABMiller 4.66 14 n/a 0.3 0.1 6.5 1600 17 102 17.9 8916 19 69 165.8 -10 25 53772 31 38 0.1 -13 n/a 79 15639 n/aGolden Acquisition ** 3.86 150 127 6.8 0.2 4.0 57 10 -2 3.5 1632 2 -2 557.1 4 9 2930 -1 -10 1.3 153 143 0 n/l n/l4 <strong>The</strong> <strong>2006</strong> R&D Scoreboard<strong>The</strong> <strong>2006</strong> R&D Scoreboard 5
Ranking of the <strong>top</strong> <strong>800</strong> <strong>UK</strong> <strong>companies</strong> <strong>by</strong> R&D <strong>investment</strong> within industry sectors–––––––––––––––––– 2005/06 R&D <strong>investment</strong> –––––––––––––––––– ——–—–– Operating profit ——–—–– ––––––––––––––––– Sales and employees ––––––––––––––––– ————––—–––—— R&D and employees ——–—––——––––—–––––––––– Sales –––––––––– ––––– Sales / employee ––––– ––––––––– Employees ––––––––– ––––– R&D / employee ––––– Sales––––– Growth ––––– operating R&D + ––––– Growth ––––– ––––– Growth ––––– –––––– Growth ––––– ––––– Growth ––––– –––––– Growth ––––– outside –––Market cap –––change change profit sales capex as change change sales change change change change change change change change region changeCompany £m 1 yr % 4 yr % % % % sales £m 1 yr % 4 yr % % £m 1 yr % 4 yr % £000 1 yr % 4 yr % number 1 yr % 4 yr % £000 1 yr % 4 yr % % £m %4 Beverages continuedTATA TEA ** 1.30 17 28 3.6 0.7 3.2 36 0 27 18.7 193 -4 -20 214.0 -5 -4 902 1 -17 1.4 16 51 n/a n/l n/lBritannia Soft Drinks * 1.15 -17 -4 1.7 0.2 6.9 66 -12 4 9.5 698 -2 10 229.5 -5 2 3042 4 8 0.4 -19 -11 0 n/l n/lInbev ** 1.05 99 20 n/m 0.1 2.3 -22 n/m n/m -1.6 1385 0 0 538.3 10 21 2573 -9 -18 0.4 119 49 0 n/l n/lAllied Domecq(now part of Pernod Ricard, France) 1.00 0 0 0.2 -999 -15.0 407 -16 -39 161.1 3 -1 2527 -19 -38 18.0 -3 21 n/a n/l n/lBOC 43.20 4 -8 8.4 1.2 11.7 514 -5 13 13.7 3755 -3 0 103.2 18 25 36380 -18 -20 1.2 26 15 n/a 8253 56Lubrizol ** 24.09 -1 10 288.3 34.6 42.0 8 145 306 12.0 70 30 -8 150.4 17 -18 463 11 11 52.0 -11 -1 n/a n/l n/lTioxide ** 23.90 -1 52 43.8 0.8 3.5 55 119 -16 1.9 2880 25 42 509.0 33 54 5659 -6 -9 4.2 5 66 n/a n/l n/lYule Catto 10.52 0 -7 22.8 1.9 4.2 46 62 4 8.3 556 1 9 189.1 14 27 2940 -11 -15 3.6 12 10 n/a 320 -9Afton Chemical ** 10.27 28 10 182.6 5.5 5.6 6 196 92 3.0 186 12 21 2068.0 7 30 90 5 -14 114.1 22 24 n/a n/l n/lLucite International 9.00 0 -3 14.1 1.2 9.4 64 -4 40 8.2 780 10 22 371.6 10 17 2099 0 4 4.3 0 -7 n/a n/l n/lCroda International 8.90 22 35 17.5 2.9 6.0 51 8 21 16.6 306 4 0 190.4 3 11 1605 1 -10 5.5 20 49 n/a 591 12Ciba Specialty Chemicals ** 8.86 18 -9 n/m 2.0 5.8 -41 n/m n/m -9.3 445 -4 -9 194.8 3 2 2285 -7 -11 3.9 27 3 27 n/l n/lSun Chemical ** 8.74 19 20 n/m 2.8 4.5 -2 n/m n/m -0.5 316 -3 -6 182.9 2 12 1730 -5 -16 5.1 25 43 n/a n/l n/lBayer CropScience ** 6.98 -42 -40 52.7 3.6 6.1 13 -17 -17 6.9 193 4 14 342.2 18 60 565 -12 -32 12.4 -34 -16 n/a n/l n/lIneos 6.73 0 23 3.6 0.3 2.6 185 22 116 7.9 2333 34 105 956.7 35 74 2439 -1 20 2.8 1 18 35 n/l n/lOctel International(now Innospec International) ** 6.41 12 73 n/m 2.1 3.6 -41 -726 -337 -13.3 311 -8 11 352.3 -12 7 883 4 4 7.3 8 66 n/a n/l n/lElementis 6.20 9 n/a n/m 1.6 5.8 -17 -372 n/m -4.2 399 3 -3 163.7 2 -6 2440 1 3 2.5 8 n/a 58 378 n/aThomas Swan 5.32 42 106 n/m 19.5 24.8 -5 n/m n/m -17.0 27 -3 7 97.2 -8 -7 280 5 15 19.0 35 83 n/a n/l n/lDyson 5.16 30 72 n/m 8.7 22.4 -2 -474 -261 -3.0 59 0 -5 89.9 37 41 660 -27 -34 7.8 78 146 28 67 -48Clariant (Holdings) ** 5.15 -7 29 n/m 2.3 5.0 -28 n/m n/m -12.2 226 -12 -8 178.4 5 -7 1267 -17 -6 4.1 12 46 n/a n/l n/lInternational Paint ** 4.60 -48 -44 32.6 2.8 4.8 14 55 -51 8.5 166 2 19 179.0 1 11 927 1 7 5.0 -49 -47 n/a n/l n/lVictrex 4.17 20 61 12.0 4.1 22.3 35 23 49 34.2 102 17 41 320.6 -5 1 317 23 39 13.1 -3 16 48 599 46Rhodia ** 4.15 17 64 4.5 2.9 5.8 93 n/a n/a 64.6 144 -9 -30 226.1 -1 8 638 -8 -37 6.5 27 126 21 n/l n/lBritish Vita (now part of TPG Spring) 3.40 -6 -4 7.4 0.4 3.7 46 -18 -31 4.8 959 2 4 122.3 7 19 7839 -5 -13 0.4 0 10 n/a n/l n/lScapa 3.40 3 0 n/m 1.8 3.1 -12 n/m n/m -6.0 192 2 1 116.8 4 7 1639 -2 -6 2.1 5 6 44 30 -6Dow Trent ** 3.32 -16 -1 n/m 6.2 6.3 -51 n/m n/m -95.9 53 -1 -42 207.0 13 26 258 -12 -59 12.9 -5 74 n/a n/l n/lPorvair 3.29 3 -34 360.5 7.3 9.2 1 126 n/a 2.0 45 1 -28 92.1 7 7 487 -6 -33 6.8 10 -1 n/a 50 0EVC International (now Ineos Vinyls) * 3.16 15 15 n/m 0.4 4.2 -18 n/m n/m -2.1 840 18 13 269.6 20 15 3114 -1 -3 1.0 16 17 n/a n/l n/lJohnsonDiversey ** 3.12 27 n/a 20.1 1.8 5.2 15 168 n/a 9.0 173 -2 n/a 128.3 1 n/a 1345 -3 n/a 2.3 30 n/a 0 n/l n/lBASF ** 3.08 112 95 14.3 0.9 3.2 22 73 75 6.0 361 3 6 833.9 35 79 433 -24 -43 7.1 177 231 n/a n/l n/lAkzo Nobel Decorative Coatings ** 2.75 0 7 n/m 1.4 2.6 -2 n/m -126 -0.9 197 -6 -9 129.1 1 5 1527 -7 -13 1.8 7 23 n/a n/l n/lCrompton ** 2.50 -5 -1 n/m 12.4 14.3 -9 >-999 n/m -45.0 20 -2 -7 109.1 -15 -13 185 15 6 13.5 -17 -8 16 n/l n/lTennants 1.95 25 329 41.2 0.9 2.5 5 -35 3 2.1 225 16 28 260.2 21 18 864 -4 9 2.3 30 336 n/a n/l n/lAkzo Nobel Nippon Paint ** 1.91 13 -23 n/m 8.1 8.8 -3 n/m -666 -12.6 24 8 -38 296.2 -24 -4 80 43 -39 23.9 -21 16 n/a n/l n/lNufarm ** 1.86 53 n/a n/m 0.9 4.9 -2 -165 -125 -1.2 201 16 23 296.6 61 75 676 -28 -30 2.8 113 n/a 21 n/l n/lAkzo Nobel Powder Coatings ** 1.51 -18 -35 154.3 4.3 6.1 1 n/a -13 2.8 35 3 0 159.9 0 3 220 3 -3 6.9 -20 -33 0 n/l n/lGreat Lakes Europe ** 1.46 -9 -10 n/m 1.1 4.0 -4 n/m n/m -2.7 130 -23 -31 350.6 42 40 371 -46 -51 3.9 68 82 n/a n/l n/lCognis Performance Chemicals(now Cognis) ** 1.38 13 10 167.4 2.0 4.1 1 -84 -87 1.2 69 -2 -19 340.8 -5 8 202 3 -28 6.9 10 41 25 n/l n/lINEOS Chlor 1.36 -28 n/a 11.3 0.4 29.5 12 n/a n/a 3.1 386 3 2 228.0 8 16 1691 -4 -13 0.8 -25 n/a 22 n/l n/lZortech International 1.26 -23 -15 n/m 2.0 3.5 -2 n/m n/m -2.6 62 -16 -15 76.3 14 12 807 -26 -25 1.6 4 13 n/a n/l n/lAcetate Products ** 1.22 33 22 n/m 1.0 12.6 0 n/m -120 0.0 124 0 12 151.9 5 18 814 -4 -6 1.5 39 29 n/a n/l n/lMacDermid ** 1.20 13 34 190.5 5.6 6.5 1 -42 -83 2.9 21 1 -22 154.0 5 3 139 -3 -25 8.6 17 66 n/a n/l n/lBorden International ** 1.13 -5 -23 103.8 1.4 3.5 1 n/a n/a 1.4 80 3 1 288.4 7 28 277 -3 -23 4.1 -2 0 n/a n/l n/lOxonica 0.97 33 n/a n/m 77.5 110.3 -4 n/m n/a -352.7 1 219 n/a 37.8 171 n/a 33 18 n/a 29.3 13 n/a n/a 49 n/aSequa ** 0.94 -20 -56 4.4 0.5 2.0 21 25 70 10.8 197 6 34 199.1 -4 3 991 10 31 1.0 -27 -68 n/a n/l n/lInnovia Films † 0.92 n/a n/a n/m 1.4 4.7 -1 n/a n/a -1.4 68 n/a n/a 44.1 n/a n/a 1530 n/a n/a 0.6 n/a n/a 44 n/l n/lKalon (now SigmaKalon) ** 0.86 -1 7 8.3 0.4 2.1 10 -44 -39 5.2 199 -4 -3 106.0 -2 2 1873 -2 -5 0.5 0 12 n/a n/l n/lRobinson Brothers 0.81 -2 -6 146.8 3.5 7.6 1 12 -40 2.4 24 -1 -2 103.3 4 15 228 -5 -16 3.6 4 12 n/a n/l n/lZotefoams 0.78 6 25 22.4 2.8 7.1 3 123 34 12.4 28 11 18 115.6 10 15 242 1 2 3.2 5 22 29 31 -3European Colour 0.71 4 36 n/m 2.6 4.5 0 n/m -127 -1.3 27 -6 -30 134.1 -8 -9 199 2 -23 3.6 3 67 50 n/l n/lDu Pont 0.68 n/a n/a 2.6 0.2 1.6 26 n/a n/a 8.5 302 n/a n/a 318.5 n/a n/a 948 n/a n/a 0.7 n/a n/a n/a n/l n/lEpichem 0.66 -5 19 54.5 3.5 7.3 1 52 -52 6.5 19 5 -10 131.4 13 -10 142 -7 0 4.6 2 20 n/a n/l n/lExchem ** 0.64 -3 -3 n/m 1.7 9.6 -3 -503 -609 -6.7 39 3 1 115.4 -9 0 335 13 1 1.9 -14 -5 0 4 -20D1 Oils 0.58 20 n/a n/m 139.4 971.4 -8 n/m n/a >-999.9 0 n/m n/a 7.6 n/m n/a 55 686 n/a 10.5 -85 n/a 10 76 -386 <strong>The</strong> <strong>2006</strong> R&D Scoreboard<strong>The</strong> <strong>2006</strong> R&D Scoreboard 7
Ranking of the <strong>top</strong> <strong>800</strong> <strong>UK</strong> <strong>companies</strong> <strong>by</strong> R&D <strong>investment</strong> within industry sectors–––––––––––––––––– 2005/06 R&D <strong>investment</strong> –––––––––––––––––– ——–—–– Operating profit ——–—–– ––––––––––––––––– Sales and employees ––––––––––––––––– ————––—–––—— R&D and employees ——–—––——––––—–––––––––– Sales –––––––––– ––––– Sales / employee ––––– ––––––––– Employees ––––––––– ––––– R&D / employee ––––– Sales––––– Growth ––––– operating R&D + ––––– Growth ––––– ––––– Growth ––––– –––––– Growth ––––– ––––– Growth ––––– –––––– Growth ––––– outside –––Market cap –––change change profit sales capex as change change sales change change change change change change change change region changeCompany £m 1 yr % 4 yr % % % % sales £m 1 yr % 4 yr % % £m 1 yr % 4 yr % £000 1 yr % 4 yr % number 1 yr % 4 yr % £000 1 yr % 4 yr % % £m %5 Chemicals continuedTrelleborg Sealing Solutions ** 0.52 -13 -18 323.0 0.5 3.4 0 n/a n/a 0.2 98 18 1 77.0 27 32 1276 -8 -24 0.4 -6 7 18 n/l n/lBrunner Mond 0.50 25 36 13.2 0.3 10.5 4 -59 n/a 2.4 160 -6 -3 151.9 -2 3 1052 -4 -5 0.5 30 44 19 n/l n/lDynea Aycliffe ** 0.48 19 78 n/m 3.3 4.6 0 -107 -107 -0.1 15 11 14 278.3 22 37 53 -9 -17 9.1 30 111 6 n/l n/lAkcros Chemicals ** 0.44 -29 -18 >999.9 1.5 1.9 0 n/a n/a
Ranking of the <strong>top</strong> <strong>800</strong> <strong>UK</strong> <strong>companies</strong> <strong>by</strong> R&D <strong>investment</strong> within industry sectors–––––––––––––––––– 2005/06 R&D <strong>investment</strong> –––––––––––––––––– ——–—–– Operating profit ——–—–– ––––––––––––––––– Sales and employees ––––––––––––––––– ————––—–––—— R&D and employees ——–—––——––––—–––––––––– Sales –––––––––– ––––– Sales / employee ––––– ––––––––– Employees ––––––––– ––––– R&D / employee ––––– Sales––––– Growth ––––– operating R&D + ––––– Growth ––––– ––––– Growth ––––– –––––– Growth ––––– ––––– Growth ––––– –––––– Growth ––––– outside –––Market cap –––change change profit sales capex as change change sales change change change change change change change change region changeCompany £m 1 yr % 4 yr % % % % sales £m 1 yr % 4 yr % % £m 1 yr % 4 yr % £000 1 yr % 4 yr % number 1 yr % 4 yr % £000 1 yr % 4 yr % % £m %8 Electronic & electrical equipment continuedSharp Electronics ** 7.07 11 28 n/m 2.0 3.3 -10 n/m >-999 -2.7 355 -5 9 418.1 -7 27 848 2 -17 8.3 8 50 n/a n/l n/lIntelligent Energy 6.78 11 52 n/m 272.4 275.7 -9 n/m n/m -369.0 2 -22 153 34.6 -10 147 72 -13 60 94.2 28 11 35 n/l n/lToshiba Research Europe ** 6.43 -2 21 n/m 72.0 78.1 0 n/m -505 -4.9 9 4 25 135.2 -7 -16 66 12 47 97.4 -12 -19 100 n/l n/lXaar 5.48 43 38 60.9 12.8 20.2 9 48 515 21.0 43 23 44 164.5 11 35 260 11 6 21.1 29 29 n/a 103 -40Dialight 5.34 -22 -38 64.3 5.6 8.0 8 -9 -15 8.7 95 -20 -35 77.4 -5 -7 1229 -16 -30 4.3 -8 -11 62 77 -35e2v Technologies 5.28 -3 n/a 57.1 5.3 12.8 9 -6 n/a 9.2 101 3 n/a 77.6 3 n/a 1296 0 n/a 4.1 -3 n/a n/a 184 53MTL Instruments 4.73 17 -4 63.5 6.4 9.4 7 55 122 10.0 74 17 20 92.4 11 17 803 5 2 5.9 11 -5 n/a 81 16Chloride 4.53 -12 -7 26.5 2.5 3.8 17 251 240 9.4 182 10 19 144.0 23 33 1261 -10 -11 3.6 -1 4 32 281 41ABB ** 4.26 24 -43 755.0 1.0 1.3 1 n/a n/a 0.1 432 4 -42 188.0 5 29 2298 -1 -58 1.9 25 37 0 n/l n/lAVX ** 3.49 -7 -10 335.7 1.1 6.2 1 n/a -98 0.3 327 -9 -40 57.6 -12 -38 5680 3 0 0.6 -9 -14 n/a n/l n/lDigital Appliance Controls ** 3.35 0 -28 15.2 0.8 3.5 22 167 95 5.4 404 9 12 154.5 12 37 2617 -3 -19 1.3 3 -10 16 n/l n/lLinx Printing Technologies(now part of Danaher, USA) ** 3.24 4 9 58.4 6.2 8.1 6 -1 8 10.7 52 3 15 71.1 0 -2 733 2 16 4.4 2 -7 n/a n/l n/lVideojet Technologies ** 3.22 791 n/a 26.3 11.4 12.7 12 34 666 43.2 28 30 73 229.8 -5 72 123 37 -8 26.1 552 n/a 0 n/l n/lSPI Lasers 2.96 1 n/a n/m 85.4 98.5 -9 n/m n/a -257.8 3 100 n/a 39.4 66 n/a 88 21 n/a 33.7 -16 n/a 70 41 n/aXP Power 2.60 13 65 30.6 3.7 5.3 9 49 148 12.2 70 4 0 224.2 -2 -20 310 7 24 8.4 6 37 54 80 -6Cooper Industries ** 2.58 -4 5 41.4 1.7 2.5 6 -26 12 4.1 153 6 4 90.3 4 10 1699 2 -6 1.5 -6 10 0 n/l n/lCA-MC Acquisition ** 2.48 12 -8 117.0 7.5 10.8 2 105 n/a 6.4 33 7 -1 82.7 22 23 401 -12 -20 6.2 28 12 40 n/l n/lCeres Power 2.32 46 112 n/m >999.9 >999.9 -4 n/m n/m >-999.9 0 n/m n/m 2.4 n/m n/a 29 38 102 80.1 6 4 15 156 n/aAlstom Controls ** 1.89 -33 -36 33.3 3.1 3.5 6 -23 -19 9.2 61 -44 -32 98.7 -11 2 623 -37 -33 3.0 6 -3 33 n/l n/lHoneywell Analytics ** 1.88 19 3 124.7 9.7 10.7 2 -33 -24 7.8 19 -31 -48 142.7 -22 -7 136 -12 -47 13.8 35 83 0 n/l n/lVolex 1.79 -2 -25 n/m 0.7 1.7 -3 n/m n/m -1.3 250 2 1 26.5 9 0 9454 -6 2 0.2 4 -26 60 57 -7Tritrax 1.75 19 50 49.1 3.3 4.0 4 29 318 6.8 53 13 49 105.4 -23 -6 498 47 57 3.5 -19 -4 n/a n/l n/lBlock Shield † 1.52 770 n/a n/m 130.2 135.6 -3 n/m n/a -253.6 1 94 n/a 41.8 122 n/a 28 -13 n/a 54.4 894 n/a 89 45 n/aChalkfree † 1.52 n/a n/a 111.6 1.9 5.5 1 -87 -73 1.7 80 15 111 162.0 -27 -8 493 58 145 3.1 n/a n/a n/a n/l n/lSchneider Electric ** 1.36 -6 -32 10.7 0.5 1.6 13 71 35 5.0 253 11 3 140.9 9 18 1796 2 -13 0.8 -7 -21 n/a n/l n/lMinorplanet Systems 1.30 -48 -65 7.3 5.9 6.8 18 n/a n/a 80.9 22 -35 -71 60.1 10 -13 366 -41 -65 3.6 -12 -5 n/a 11 175NGC ** 1.10 -11 -30 909.9 1.0 1.2 0 n/a n/a 0.1 111 107 236 334.0 102 119 332 2 56 3.3 -13 -60 n/a n/l n/lCoherent ** 1.09 -25 9 n/m 7.1 8.2 -1 n/m n/m -7.8 15 -32 -26 123.0 -19 -2 124 -16 -26 8.8 -11 39 n/a n/l n/lPolaron 1.02 >999 n/a 290.6 5.4 8.7 0 -57 -44 1.9 19 45 79 82.7 -4 16 227 51 55 4.5 >999 n/a n/a 10 n/aSmart Holograms 0.96 372 658 n/m 559.9 832.6 -1 n/m n/m -655.2 0 n/m n/m 24.6 n/m n/a 7 n/a n/a 137.6 n/a n/a n/a n/l n/lMicroEmissive Displays 0.94 -36 n/a n/m >999.9 >999.9 -6 n/m n/a >-999.9 0 -50 n/a 0.2 -59 n/a 38 23 n/a 24.6 -48 n/a 100 6 -63ITM Power 0.93 61 202 n/m n/a n/a -2 n/m n/m n/a 0 n/m n/m 0.0 n/m n/a 15 25 n/a 62.1 28 n/a n/a 169 99COE 0.90 -5 n/a n/m 16.8 18.2 -1 n/m n/m -24.1 5 17 -46 86.0 27 118 62 -7 -80 14.4 3 n/a n/a 1 -50Technolog 0.87 16 51 152.7 9.6 12.6 1 -15 -51 6.3 9 -17 3 82.7 -11 -3 110 -7 8 7.9 25 43 n/a n/l n/lID Data 0.86 n/a n/a n/m 4.4 7.4 -4 n/m n/m -20.5 19 72 16 63.1 9 -6 307 57 25 2.8 n/a n/a n/a 7 n/aDatong Electronics 0.84 31 40 54.2 13.0 18.0 2 77 217 23.9 6 34 65 108.1 21 41 60 11 18 14.0 18 19 n/a 12 n/aFeedback 0.78 -48 -31 n/m 8.5 8.8 -1 n/m n/m -7.1 9 6 -2 85.8 41 32 107 -25 -25 7.3 -30 -8 n/a 1 0Dewhurst 0.73 -6 -6 22.3 2.4 3.0 3 1 48 11.0 30 2 16 89.8 7 26 334 -4 -8 2.2 -1 3 44 12 20ASTEC ** 0.68 126 -76 4.4 0.2 3.0 15 63 3 5.5 281 3 -41 21.2 1 -35 13232 2 -7 0.1 126 -73 73 n/l n/lDeutsch ** 0.67 27 22 15.6 2.7 5.8 4 51 41 17.4 25 6 10 92.3 13 16 266 -6 -5 2.5 35 29 n/a n/l n/lInnovision Research & Technology 0.63 63 n/a n/m 38.1 48.1 -3 n/m n/m -200.1 2 6 16 33.7 6 15 49 0 -3 12.8 63 n/a 64 20 -67Servocell 0.59 -26 n/a n/m 281.8 301.9 -1 n/m n/a -701.4 0 -70 n/a 16.1 -59 n/a 13 -28 n/a 45.3 2 n/a n/a 24 n/aGet 0.49 35 47 10.8 0.6 1.3 5 -25 -8 5.6 81 4 17 272.7 5 25 298 -1 -8 1.6 37 58 n/a 23 -8Pelikon 0.48 14 n/a n/m 47.5 61.5 -4 n/m n/a -348.2 1 -52 n/a 22.4 -53 n/a 45 2 n/a 10.6 12 n/a 23 n/l n/lElektron 0.40 1 -9 22.4 1.8 4.2 2 -34 176 7.9 22 -2 35 27.5 -5 -29 818 3 78 0.5 -2 -54 33 11 -8PipeHawk 0.40 0 -16 n/m 28.9 32.1 0 n/m n/m -24.7 1 46 45 44.4 55 26 31 -6 15 12.8 7 -29 9 5 67Appian Technology 0.39 13 69 n/m 13.5 14.5 -1 n/m n/m -34.4 3 22 6 93.6 14 -9 31 7 18 12.6 5 45 n/a 14 1809 Equity <strong>investment</strong> instruments n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/aNo <strong>companies</strong> with sufficient R&D for inclusion n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a10 Fixed line telecommunications 730.60 39 66.6 29.1 3.5 17.8 2512 -17 66 12.0 20897 6 2.5 184.8 2.7 8.1 113078 3.2 -5.6 6.5 34.7 71.3 3 22520 8BT 727.00 39 82 29.0 3.7 17.6 2509 -14 63 12.9 19514 6 2 189.5 2 8 103000 3 -5 7.1 35 89 4 20490 10Jazztel 2.09 34 7 n/m 1.3 55.0 -108 n/m n/m -66.1 164 16 9 115.8 -11 -2 1417 31 9 1.5 3 -1 0 393 -46Patientline 0.82 -33 -43 n/m 1.5 26.2 -18 n/m n/m -31.6 55 12 82 44.5 14 15 1246 -2 53 0.7 -32 -75 1 10 -77Eircom 0.69 0 -99 0.5 0.1 14.8 128 -13 125 11.0 1163 6 1 156.9 9 20 7415 -2 -17 0.1 3 -98 0 1627 n/a11 Food and drug retailers 160.64 44.2 n/a 6.2 0.3 5.9 2576 14.8 34.7 5.3 48895 13.7 32 124.7 4 5.4 392193 9.3 25.4 0.4 31.8 n/a n/a n/a n/aTesco 115.00 35 n/a 5.1 0.3 7.0 2276 15 35 5.7 39588 17 38 107.5 6 9 368213 10 26 0.3 23 n/a n/a 27595 n/aEisai ** 34.32 124 204 >999.9 50.7 51.1 0 n/a -84 0.2 68 26 51 512.9 2 7 132 23 42 260.0 81 118 0 n/l n/lAlliance UniChem(now part of Alliance Boots) 10.00 0 n/a 3.3 0.1 0.8 302 10 32 3.3 9171 3 11 388.2 -1 1 23624 4 11 0.4 -4 n/a n/a n/l n/l10 <strong>The</strong> <strong>2006</strong> R&D Scoreboard<strong>The</strong> <strong>2006</strong> R&D Scoreboard 11
Ranking of the <strong>top</strong> <strong>800</strong> <strong>UK</strong> <strong>companies</strong> <strong>by</strong> R&D <strong>investment</strong> within industry sectors–––––––––––––––––– 2005/06 R&D <strong>investment</strong> –––––––––––––––––– ——–—–– Operating profit ——–—–– ––––––––––––––––– Sales and employees ––––––––––––––––– ————––—–––—— R&D and employees ——–—––——––––—–––––––––– Sales –––––––––– ––––– Sales / employee ––––– ––––––––– Employees ––––––––– ––––– R&D / employee ––––– Sales––––– Growth ––––– operating R&D + ––––– Growth ––––– ––––– Growth ––––– –––––– Growth ––––– ––––– Growth ––––– –––––– Growth ––––– outside –––Market cap –––change change profit sales capex as change change sales change change change change change change change change region changeCompany £m 1 yr % 4 yr % % % % sales £m 1 yr % 4 yr % % £m 1 yr % 4 yr % £000 1 yr % 4 yr % number 1 yr % 4 yr % £000 1 yr % 4 yr % % £m %11 Food & drug retailers continuedYamanouchi Pharma(now Astellas Pharma) ** 0.73 16 -17 35.4 2.1 2.5 2 107 >999 5.9 35 13 39 205.9 -22 -5 168 46 46 4.3 -21 -43 0 n/l n/lFujisawa ** 0.60 27 3 n/m 1.8 1.8 -3 n/m >-999 -9.6 34 1 20 604.2 -3 -32 56 4 64 10.6 23 -45 0 n/l n/l12 Food producers 858.19 -4.5 -7.9 13.3 1.3 4.7 6449 29.5 14.3 9.9 65416 1.7 2 152.1 3.7 8 430058 -1.9 -5.4 2.0 -2.6 -3.6 n/a n/a n/aUnilever 654.80 -8 -14 18.2 2.4 4.8 3592 52 18 13.2 27258 -1 -13 128.6 6 3 212000 -7 -16 3.1 -2 1 n/a 37171 -3Cadbury Schweppes 58.00 -8 31 5.3 0.8 4.9 1103 32 32 15.4 7157 6 19 128.2 11 3 55833 -4 15 1.0 -4 18 68 11177 0Effem (aka Mars) ** 26.32 31 14 14.0 1.3 3.5 188 10 30 9.0 2080 0 -10 339.3 5 1 6130 -4 -11 4.3 36 28 0 n/l n/lTate & Lyle 21.00 11 18 28.0 0.6 8.0 75 -64 -65 2.0 3720 24 21 407.4 -9 -5 9131 37 27 2.3 -19 -8 59 3339 48Heinz ** 11.00 -8 29 4.7 0.6 3.3 232 4 -3 13.5 1717 -3 -4 172.5 6 15 9954 -9 -17 1.1 1 53 n/a n/l n/lWittington Investments 11.00 38 63 2.6 0.2 7.5 427 4 15 7.5 5689 9 18 131.9 -8 -2 43137 19 21 0.3 16 35 n/a n/l n/lAviagen ** 10.87 -7 -30 35.6 6.3 13.7 31 -16 15 17.7 173 10 13 128.3 23 29 1345 -11 -12 8.1 5 -20 70 n/l n/lUnited Biscuits ** 10.80 74 73 11.6 0.9 4.3 93 109 147 7.3 1267 4 -1 119.1 12 4 10639 -8 -5 1.0 89 82 0 n/l n/lSygen International (now part of Genus) 6.80 -6 0 106.3 5.1 9.5 6 2 -26 4.8 134 4 -10 95.5 -7 -23 1408 12 17 4.8 -15 -15 n/a n/l n/lMcCormick ** 5.76 28 59 35.8 1.3 4.0 16 44 19 3.6 449 -9 2 159.7 -4 -12 2810 -5 15 2.1 35 39 n/a n/l n/lKerry Ingredients ** 5.28 4 -9 30.9 2.3 3.9 17 23 32 7.4 230 16 18 140.9 1 7 1632 15 11 3.2 -9 -18 7 n/l n/lBunge ** 4.82 144 130 n/m 0.1 0.7 -37 n/m n/m -0.7 5572 -9 72 1444.7 -7 62 3857 -2 11 1.2 149 105 n/a n/l n/lDevro 4.15 3 -9 15.0 2.7 13.5 28 29 42 18.1 153 2 -5 69.3 0 1 2200 2 -6 1.9 0 -2 n/a 187 -7Kraft Foods ** 3.48 -14 -23 11.3 0.5 3.0 31 -65 -73 4.6 669 -2 -5 287.5 -8 -6 2327 7 1 1.5 -19 -23 n/a n/l n/lRHM 3.30 -3 -2 2.0 0.2 4.0 164 188 142 10.0 1642 -2 3 94.3 4 19 17415 -6 -14 0.2 3 13 0 973 n/aBernard Matthews 2.60 18 23 6.4 0.6 5.7 40 -14 -7 8.8 459 5 16 64.8 5 9 7083 1 7 0.4 18 15 n/a n/l n/lInter Link Foods 2.53 163 366 43.8 2.6 11.6 6 19 72 5.9 98 41 111 57.3 -1 7 1713 42 104 1.5 85 143 0 52 -35Cargill ** 2.45 130 200 3.5 0.2 1.5 70 -16 -32 4.5 1571 25 38 382.1 6 27 4111 19 6 0.6 94 184 n/a n/l n/lKerry Foods ** 2.23 51 50 7.1 0.5 3.3 31 1 22 7.2 439 13 30 101.3 -6 4 4328 21 25 0.5 25 19 0 n/l n/lDairy Crest 2.20 5 28 4.6 0.2 3.3 47 -42 -25 3.5 1355 8 7 181.6 -2 5 7464 10 2 0.3 -4 24 0 671 12McCain Foods ** 1.77 15 35 4.9 0.6 4.7 36 -13 11 12.0 303 -3 0 169.1 -3 0 1790 0 0 1.0 15 36 0 n/l n/lPremier Foods 1.50 67 88 1.5 0.2 5.9 99 13 68 11.4 867 -3 -1 215.3 -10 4 4027 7 -5 0.4 56 96 0 783 0Latimer (aka Weetabix) ** † 1.13 -18 -17 3.7 0.4 5.1 31 -35 -33 10.5 291 -24 -19 105.2 -22 -19 2770 -3 0 0.4 -16 -17 26 n/l n/lHazlewood Grocery ** 1.10 19 64 11.4 0.7 4.0 10 -12 -10 6.0 161 4 14 82.4 13 7 1955 -9 6 0.6 30 58 0 n/l n/lKellogg ** 1.10 >999 -7 1.3 0.1 3.1 83 12 7 10.7 772 5 11 347.7 8 16 2221 -3 -5 0.5 >999 -2 0 n/l n/lGeest (now part of Bakkavor, Iceland) 1.00 67 n/a 2.7 0.1 4.6 37 1 -11 4.4 831 -4 16 73.0 -10 -4 11383 7 21 0.1 57 n/a 0 n/l n/lMarine Harvest ** 0.82 29 92 n/m 1.1 7.6 -8 n/m n/m -11.3 72 17 -3 148.8 52 34 481 -23 -27 1.7 67 168 7 n/l n/lUnited Dairy Farmers 0.39 155 111 21.0 0.1 3.4 2 -26 -35 0.7 288 7 13 315.1 10 -1 914 -3 11 0.4 163 91 n/a n/l n/l13 Forestry & paper 1.47 13.8 -5.5 n/m 1.1 7.9 -24 n/m n/m -17.7 137 -0.6 0.6 153.6 0.3 3.8 891 -0.9 -3.1 1.7 14.8 -2.4 9 n/a n/aJames Cropper 0.97 22 33 511.6 1.5 5.7 0 -91 -90 0.3 64 -1 11 104.7 -8 -6 613 8 18 1.6 14 12 19 13 -13Arjo Wiggins ** 0.50 0 -39 n/m 0.7 9.9 -24 n/m n/m -33.6 73 -1 -7 261.5 18 33 278 -16 -31 1.8 18 -11 0 n/l n/l14 Gas, water & multiutilities 31.88 -6.9 -41.1 0.5 0.1 22.7 6010 13.2 37.9 24.1 24931 6.9 6.5 255.7 10.4 12.8 97493 -3.2 -5.7 0.3 -3.8 -39 20 n/a n/aNational Grid 7.00 -22 -47 0.3 0.1 22.4 2468 34 69 26.4 9361 10 9 456.0 31 37 20529 -16 -21 0.3 -8 -32 48 1660 -88RWE Thames Water ** 5.80 35 -30 1.3 0.4 43.3 440 -11 -8 28.4 1549 1 0 176.8 10 32 8762 -8 -26 0.7 47 -3 6 n/l n/lRWE Npower ** 4.00 -20 -77 57.1 0.9 17.4 7 -95 -92 1.6 426 -62 -82 204.4 -58 -68 2084 -11 -47 1.9 -10 -54 0 n/l n/lSevern Trent 3.90 5 9 0.8 0.2 17.1 483 25 31 20.5 2353 13 22 144.3 14 14 16312 0 7 0.2 6 2 13 4459 34EDF Energy ** 3.80 23 n/a 0.6 0.1 14.3 655 -8 44 14.3 4575 15 49 419.3 10 4 10911 5 33 0.3 17 n/a 0 n/l n/lNorthumbrian Water 2.30 -54 -56 1.0 0.4 34.9 236 20 37 38.1 620 3 17 181.1 14 23 3423 -10 -5 0.7 -49 -53 0 1347 13United Utilities 1.90 138 95 0.3 0.1 21.1 706 13 25 27.6 2562 10 27 150.5 3 11 17029 7 15 0.1 124 67 0 5735 4AWG 1.10 -15 -39 0.3 0.1 15.7 375 30 59 19.9 1889 12 10 170.9 7 20 11054 5 -9 0.1 -19 -32 0 1812 36Kelda 0.90 0 -3 0.3 0.1 39.5 336 11 22 38.0 884 16 25 240.8 8 13 3669 7 10 0.2 -6 -12 12 2886 11Veolia Water ** 0.68 5 -3 1.1 0.3 30.5 60 -3 -27 28.4 212 4 11 163.2 8 10 1297 -3 1 0.5 9 -4 0 n/l n/lCE Electric ** 0.50 0 -17 0.2 0.1 56.5 245 -9 29 48.9 501 0 -21 206.9 4 -4 2423 -4 -16 0.2 5 1 0 n/l n/l15 General financial 25.43 30.8 n/a 3.7 0.9 0.9 681 13.2 25.6 23.1 2948 5.2 21.6 115.3 3.1 14.6 25573 2 5.1 1.0 28.4 n/a n/a n/l n/lNationwide 9.50 6 n/a 1.7 0.6 0.6 559 9 38 33.8 1656 7 27 102.1 4 19 16217 3 7 0.6 3 n/a n/a n/l n/lITI Scotland 4.34 >999 n/a n/m >999.9 >999.9 0 n/a n/a 0.0 0 133 n/a 1.4 -39 n/a 57 280 n/a 76.2 224 n/a n/a n/l n/lCarmelite Capital 2.50 -19 1 n/m 0.8 0.8 -77 n/m n/m -23.5 329 -2 -10 119.9 0 -11 2743 -2 0 0.9 -18 0 13 n/l n/lKensington 2.20 -19 n/a 4.1 1.4 1.4 54 9 55 34.7 156 23 93 272.9 10 -12 571 13 74 3.9 -28 n/a n/a 454 38Certegy ** 2.08 53 n/a 22.9 3.2 3.2 9 17 48 14.0 65 2 18 78.3 -1 14 827 3 3 2.5 48 n/a 14 n/l n/lBayer Agriculture ** 1.69 64 66 26.2 20.8 20.8 6 -36 -40 79.2 8 -27 -26 4054.5 -27 10 2 0 -45 842.5 64 164 n/a n/l n/lADVFN 1.54 38 62 n/m 46.6 46.6 -1 n/m n/m -36.4 3 12 73 97.1 -14 20 34 31 40 45.3 5 15 0 16 0Cattles 1.20 194 n/a 1.1 0.2 0.2 115 12 17 17.1 672 -1 22 138.1 2 15 4866 -2 7 0.2 201 n/a 0 1099 n/aMoneysupermarket.com Financial 0.38 0 -16 2.4 0.6 0.6 16 593 934 26.7 60 56 189 233.2 28 78 256 22 79 1.5 -19 -54 n/a n/l n/l12 <strong>The</strong> <strong>2006</strong> R&D Scoreboard<strong>The</strong> <strong>2006</strong> R&D Scoreboard 13
Ranking of the <strong>top</strong> <strong>800</strong> <strong>UK</strong> <strong>companies</strong> <strong>by</strong> R&D <strong>investment</strong> within industry sectors–––––––––––––––––– 2005/06 R&D <strong>investment</strong> –––––––––––––––––– ——–—–– Operating profit ——–—–– ––––––––––––––––– Sales and employees ––––––––––––––––– ————––—–––—— R&D and employees ——–—––——––––—–––––––––– Sales –––––––––– ––––– Sales / employee ––––– ––––––––– Employees ––––––––– ––––– R&D / employee ––––– Sales––––– Growth ––––– operating R&D + ––––– Growth ––––– ––––– Growth ––––– –––––– Growth ––––– ––––– Growth ––––– –––––– Growth ––––– outside –––Market cap –––change change profit sales capex as change change sales change change change change change change change change region changeCompany £m 1 yr % 4 yr % % % % sales £m 1 yr % 4 yr % % £m 1 yr % 4 yr % £000 1 yr % 4 yr % number 1 yr % 4 yr % £000 1 yr % 4 yr % % £m %18 Health care equipment & services continuedGenetix 1.29 20 3 105.5 10.7 12.9 1 n/a 279 10.1 12 -1 1 121.2 7 5 100 -7 -4 12.9 30 7 68 34 0Bioquell 1.21 30 -6 n/m 7.0 14.0 0 n/m n/m -2.4 17 11 23 82.4 1 21 209 11 1 5.8 17 -8 n/a 42 5Advanced Medical Solutions 1.15 -6 5 n/m 8.9 13.4 0 n/m n/m -0.3 13 17 44 71.6 15 35 180 2 7 6.4 -8 -1 24 15 15IDMos 0.99 >999 n/a n/m n/a n/a -2 n/m n/a n/a 0 n/m n/a 0.0 n/m n/a 3 50 n/a 328.3 994 n/a n/a 24 n/aSphere Medical 0.98 612 n/a n/m n/a n/a -1 n/m n/a n/a 0 -100 n/a 0.0 -100 n/a 9 200 n/a 109.1 137 n/a n/a n/l n/lCustomVis 0.88 -13 n/a n/m 585.4 674.8 -5 n/m n/a >-999.9 0 >999 n/a 2.6 >999 n/a 57 21 n/a 15.5 -28 n/a 74 2 0Cozart 0.72 50 n/a n/m 15.2 33.5 -1 -749 n/a -12.7 5 17 n/a 67.7 -6 n/a 70 25 n/a 10.3 20 n/a 5 29 n/aImmunodiagnostic Systems 0.70 46 n/a 242.9 12.8 14.5 0 n/a n/a 5.3 5 22 n/a 97.1 11 n/a 56 10 n/a 12.4 33 n/a n/a 21 n/aGenosis 0.58 51 n/a n/m 264.4 337.0 -3 n/m n/a >-999.9 0 n/m n/a 43.8 n/m n/a 5 150 n/a 115.8 -40 n/a 0 4 n/aMediwatch 0.55 67 115 n/m 31.2 32.9 -1 n/m n/m -60.0 2 59 105 93.1 34 71 19 19 27 29.0 41 79 n/a 9 -25Celsis International 0.50 18 -8 13.1 2.6 8.9 4 19 315 20.0 19 9 15 103.1 4 19 187 4 -4 2.7 13 -2 78 36 -8Respironics ** 0.47 -17 1 34.2 2.7 4.0 1 -25 -12 7.9 18 11 31 159.3 -2 7 110 13 22 4.3 -27 -16 8 n/l n/lNMT 0.44 -12 -25 n/m n/a n/a -2 n/m n/m n/a 0 n/m -100 0.0 n/m -100 9 -74 -93 49.3 241 659 n/a 4 -38LiDCO 0.39 -4 -5 n/m 11.3 12.9 -2 n/m n/m -61.2 3 51 68 95.0 68 88 36 -10 -9 10.7 7 2 39 24 419 Household goods 130.40 5.7 14.2 8.5 1.1 2.7 1526 3.5 24.4 12.5 12230 6 16.1 180.0 5.4 18.6 67939 0.6 -4.7 1.9 5.1 12.7 23 n/a n/aReckitt Benckiser 63.00 5 14 7.5 1.5 3.3 840 11 34 20.1 4179 8 15 205.9 6 20 20300 2 -4 3.1 3 19 n/a 15378 23Dyson James 19.42 31 74 26.0 4.6 10.5 75 90 176 17.5 426 54 75 296.6 52 102 1437 1 -15 13.5 30 98 48 n/l n/lGlen Electric 13.76 6 27 33.8 2.0 3.7 41 0 12 6.0 682 2 17 126.7 4 13 5383 -3 4 2.6 9 21 10 n/l n/lKohler ** 5.68 -2 35 50.4 5.1 10.6 11 -3 16 10.0 112 5 42 95.4 -6 20 1179 12 21 4.8 -12 14 0 n/l n/lWaterford Wedgwood ** 4.60 31 17 n/m 1.1 2.3 -90 n/m n/m -21.9 409 -5 -15 60.4 -11 -14 6775 7 -1 0.7 23 18 57 n/l n/lMcBride 4.50 -4 n/a 14.4 0.8 4.1 31 1 49 5.8 537 7 8 127.6 2 8 4208 5 0 1.1 -9 n/a 0 286 n/aAga Foodservice 4.20 11 29 10.1 0.8 2.9 42 45 81 8.3 502 15 31 89.0 5 9 5641 10 21 0.7 1 8 28 481 24Avery Weigh-Tronix 3.37 8 8 153.1 2.2 4.0 2 -34 -32 1.4 156 33 32 51.7 16 45 3019 14 -12 1.1 -5 20 40 n/l n/lJeyes 2.19 -1 n/a 67.3 1.3 4.0 3 -12 n/a 1.9 174 -7 n/a 105.1 -5 n/a 1659 -2 n/a 1.3 1 n/a 14 n/l n/lGeorge Wimpey 2.00 -51 n/a 0.5 0.1 0.4 438 -12 20 14.6 3003 1 16 496.4 0 5 6050 1 12 0.3 -52 n/a 28 1896 n/aHerman Miller ** 1.82 16 33 115.2 2.7 7.3 2 n/a -2 2.4 67 15 -13 241.8 10 10 276 5 -22 6.6 11 43 n/a n/l n/lFW Thorpe 1.03 -9 34 19.2 2.5 5.3 5 7 70 12.9 42 12 26 80.1 5 17 519 6 7 2.0 -14 25 3 58 53Hoover ** 0.83 -32 -28 n/m 0.5 3.3 -6 n/m n/m -3.4 177 -2 7 128.6 17 32 1372 -16 -20 0.6 -18 -11 0 n/l n/lBrintons 0.80 -12 -15 24.5 0.9 3.4 3 n/a n/a 3.6 91 -11 -9 45.0 5 5 2020 -15 -14 0.4 4 -1 n/a n/l n/lKenwood ** 0.73 -13 -24 n/m 0.5 2.3 -2 -127 -121 -1.2 144 12 43 457.3 2 22 316 9 16 2.3 -20 -34 17 n/l n/lFamco 0.71 -23 -19 n/m 0.3 2.4 -17 n/m n/m -7.5 227 -8 -14 63.8 14 15 3560 -19 -25 0.2 -5 12 0 n/l n/lElectrolux ** 0.50 0 n/a n/m 0.1 0.9 -5 n/m >-999 -1.3 384 -6 154 310.6 4 112 1236 -9 140 0.4 11 n/a 0 n/l n/lAmtico 0.49 -24 -21 65.6 0.6 3.6 1 -91 -90 0.9 80 4 5 108.7 5 2 740 -1 3 0.7 -24 -23 n/a n/l n/lRedrow 0.40 33 50 0.3 0.1 0.7 151 14 44 19.3 780 16 37 570.5 10 25 1368 6 11 0.3 26 40 n/a 778 25Steinhoff <strong>UK</strong> Beds ** 0.38 4 11 21.9 0.7 1.6 2 60 -28 3.0 57 1 12 64.5 13 18 881 -11 -5 0.4 16 17 0 n/l n/l20 Industrial engineering 273.77 6 7.3 29.9 1.4 4.0 915 57.6 88 4.8 18922 16.7 16.9 135.5 11.8 19.4 139664 4.4 -4 2.0 1.8 7.2 46 n/l n/lCaterpillar ** 35.43 20 18 n/m 1.8 4.6 -22 n/m n/m -1.1 2025 30 34 211.5 16 32 9575 12 1 3.7 8 16 53 n/l n/lIMI 29.40 11 11 17.0 1.9 4.9 173 57 75 10.9 1578 -2 -2 92.3 -2 1 17099 0 -3 1.7 10 13 n/a 1690 7JCB Service ** 26.79 18 33 48.7 2.4 6.1 55 319 257 5.0 1100 22 31 237.5 11 17 4631 9 12 5.8 8 19 n/a n/l n/lAGCO International ** 22.79 5 37 15.7 1.0 2.5 145 57 82 6.5 2222 46 67 210.5 8 22 10557 36 38 2.2 -23 0 36 n/l n/lCNH ** 17.39 8 -9 n/m 2.0 2.9 -51 -827 -335 -6.0 855 -12 12 646.8 3 32 1322 -15 -15 13.2 26 8 n/a n/l n/lHalma 14.21 21 39 23.7 4.2 7.7 60 34 34 17.8 337 13 20 105.9 6 9 3187 6 10 4.5 14 27 n/a 710 31Enodis 12.50 -13 -9 41.8 1.9 3.8 30 -29 55 4.5 665 1 -17 110.2 2 0 6038 0 -17 2.1 -12 5 79 877 72LDV 10.07 151 182 n/m 8.4 48.6 -24 n/m n/m -20.0 120 -15 -32 140.7 -7 -12 856 -8 -23 11.8 173 263 0 n/l n/lBombardier Transportation ** 8.37 -7 -25 19.9 0.8 1.3 42 n/a n/a 4.0 1046 41 99 222.4 56 84 4703 -10 10 1.8 3 -33 0 n/l n/lVitec 7.80 -1 -3 43.3 4.0 9.7 18 40 8 9.2 195 5 4 126.7 6 3 1538 -1 1 5.1 0 -4 n/a 196 28Senior 7.70 -3 65 37.0 2.3 7.1 21 22 24 6.1 339 4 -13 68.8 6 -3 4918 -2 -9 1.6 -1 77 60 205 30FKI 7.50 -10 -13 6.9 0.6 2.5 108 65 43 8.1 1339 4 -6 107.9 11 12 12407 -7 -16 0.6 -3 2 64 560 -7JCB Compact Products 6.66 3 39 n/m 4.3 5.3 0 n/m -108 -0.2 157 40 49 304.1 42 48 515 -2 1 12.9 5 38 20 n/l n/lSpirax-Sarco Engineering 5.37 6 13 9.6 1.5 4.9 56 10 24 16.1 349 7 14 89.5 13 18 3899 -5 -4 1.4 12 18 53 670 15Charter 5.30 -22 -55 5.0 0.5 2.2 105 205 435 9.9 1066 22 18 113.8 18 26 9362 4 -7 0.6 -25 -52 59 1248 143Weir 5.25 -5 9 13.1 0.6 3.2 40 -25 -21 4.9 824 11 15 105.4 11 17 7817 1 -2 0.7 -5 10 72 886 19Foseco 4.90 0 90 13.6 1.3 4.4 36 2 81 9.6 377 11 35 122.9 7 26 3065 3 6 1.6 -3 80 52 268 n/aLuxfer 4.10 3 6 25.6 1.8 4.6 16 36 156 6.9 233 2 2 119.2 7 9 1952 -4 -7 2.1 7 14 56 n/l n/lStanelco 3.44 129 260 n/m 236.5 413.1 -3 n/m n/m -227.1 1 9 -54 28.0 -8 -63 52 18 26 66.1 94 186 40 48 -75Eaton ** 3.41 -54 -46 85.7 1.1 3.6 4 n/a -30 1.3 310 2 7 107.7 10 -6 2874 -7 13 1.2 -50 -52 n/a n/l n/lDoncasters 3.34 11 33 14.4 0.9 4.9 23 n/a n/a 5.9 392 17 5 91.1 12 15 4305 4 -9 0.8 7 42 41 n/l n/lRotork 2.96 22 33 8.1 1.7 2.6 37 22 37 20.9 175 19 30 144.9 12 19 1207 6 9 2.5 15 22 n/a 625 38NSK ** 2.72 8 -23 10.4 0.5 3.2 26 36 n/a 5.0 527 44 20 142.4 50 61 3702 -4 -24 0.7 13 3 n/a n/l n/lMesco ** 2.69 15 19 45.0 0.7 1.4 6 61 271 1.5 396 29 33 96.0 21 24 4126 7 7 0.7 8 10 19 n/l n/lITW ** 2.50 6 n/a n/m 0.6 2.2 -12 n/m >-999 -2.8 434 10 40 141.4 4 0 3068 6 39 0.8 0 n/a 7 n/l n/l16 <strong>The</strong> <strong>2006</strong> R&D Scoreboard<strong>The</strong> <strong>2006</strong> R&D Scoreboard 17
Ranking of the <strong>top</strong> <strong>800</strong> <strong>UK</strong> <strong>companies</strong> <strong>by</strong> R&D <strong>investment</strong> within industry sectors–––––––––––––––––– 2005/06 R&D <strong>investment</strong> –––––––––––––––––– ——–—–– Operating profit ——–—–– ––––––––––––––––– Sales and employees ––––––––––––––––– ————––—–––—— R&D and employees ——–—––——––––—–––––––––– Sales –––––––––– ––––– Sales / employee ––––– ––––––––– Employees ––––––––– ––––– R&D / employee ––––– Sales––––– Growth ––––– operating R&D + ––––– Growth ––––– ––––– Growth ––––– –––––– Growth ––––– ––––– Growth ––––– –––––– Growth ––––– outside –––Market cap –––change change profit sales capex as change change sales change change change change change change change change region changeCompany £m 1 yr % 4 yr % % % % sales £m 1 yr % 4 yr % % £m 1 yr % 4 yr % £000 1 yr % 4 yr % number 1 yr % 4 yr % £000 1 yr % 4 yr % % £m %20 Industrial engineering continuedFenner 2.09 -9 8 13.3 0.7 3.3 16 72 92 5.0 313 20 38 106.1 8 14 2949 11 21 0.7 -17 -13 77 316 82Renold 1.90 -5 -17 n/m 1.0 4.8 -4 -171 -173 -2.1 197 3 0 73.6 2 9 2677 1 -8 0.7 -6 -10 n/a 43 8Crane ** 1.61 27 83 36.7 1.3 3.2 4 n/a 165 3.5 126 18 45 95.2 36 29 1320 -13 12 1.2 46 68 n/a n/l n/lB Elliott 1.60 -14 -26 n/m 2.9 4.1 -12 >-999 n/m -21.3 56 -22 -31 79.0 -5 2 704 -19 -33 2.3 6 10 70 n/l n/lMcCormick Tractors International ** 1.45 -7 -13 n/m 0.9 1.2 -10 n/m -341 -6.0 161 -21 -17 407.9 -15 -18 395 -7 0 3.7 1 -12 36 n/l n/lEndress + Hauser ** 1.21 1 -14 n/m 2.7 4.2 -3 >-999 n/m -6.8 44 -4 -21 132.7 -5 9 334 1 -29 3.6 0 13 n/a n/l n/lMolins 1.20 -57 -56 n/m 1.0 2.1 -3 n/m -149 -2.3 121 -1 5 91.9 15 6 1321 -14 -1 0.9 -50 -56 70 22 -29GD First ** 1.08 -45 -46 21.8 1.2 3.6 5 48 20 5.5 90 6 12 100.6 4 13 893 1 -2 1.2 -45 -45 38 n/l n/lMoog Controls ** 1.04 -9 0 44.5 3.1 7.0 2 -17 -27 7.1 33 -3 -2 112.5 0 1 294 -4 -3 3.5 -5 4 10 n/l n/lLTG Technologies 1.03 56 -4 n/m 2.0 3.1 -1 n/m n/m -1.3 52 -6 -12 117.2 -6 16 446 0 -27 2.3 55 36 n/a 19 -37Corac 0.97 -3 -12 n/m 116.5 118.1 -2 n/m n/m -270.0 1 15 280 29.9 15 249 28 0 22 34.8 -3 -30 n/a 28 17Lincat 0.94 3 7 19.7 2.7 9.8 5 11 8 13.8 34 8 14 95.2 7 7 361 1 6 2.6 2 0 14 42 11Gooch & Housego 0.87 -11 -7 18.3 3.9 11.6 5 41 57 21.3 22 19 29 78.0 4 10 286 14 17 3.0 -22 -21 66 63 58Melrose 0.80 n/a n/a 9.9 0.3 2.9 8 n/a n/a 3.0 270 n/m n/a 88.7 n/m n/a 3043 >999 n/a 0.3 n/a n/a 60 368 n/aSKF ** 0.70 8 6 5.7 0.6 1.3 12 -1 73 10.8 114 11 9 263.6 11 10 431 0 -1 1.6 8 7 n/a n/l n/lDennis Eagle ** 0.49 57 88 8.0 0.4 1.1 6 27 213 5.6 110 10 32 184.3 7 33 596 3 -1 0.8 53 89 1 n/l n/lManganese Bronze 0.47 -73 -84 51.0 0.5 4.0 1 n/a n/a 1.0 88 1 -19 183.6 10 36 477 -8 -42 1.0 -71 -73 3 50 43Pursuit Dynamics 0.47 26 -20 n/m 522.2 737.8 -3 n/m n/m >-999.9 0 -40 137 3.8 -55 80 24 33 134 19.6 -6 -78 0 61 -34Surface Transforms 0.47 285 118 n/m 183.3 208.1 -1 n/m n/m -314.0 0 -40 28 16.1 -44 16 16 7 19 29.6 261 97 0 2 n/aSira 0.44 -31 -49 n/m 4.3 5.4 0 n/m n/m -3.8 10 -1 -7 53.5 2 -5 191 -4 -1 2.3 -29 -48 13 n/l n/lHydro International 0.37 22 40 28.4 2.0 2.8 1 16 44 7.0 19 50 94 181.0 5 12 103 43 76 3.6 -15 -20 24 16 2321 Industrial metals 70.82 4.4 2 10.2 0.6 4.3 695 32.3 n/a 5.5 12650 11.3 23.2 221.2 12.6 36.3 57182 -1.1 -11.5 1.2 5.6 11.3 20 n/a n/aCorus 66.00 5 6 10.2 0.7 4.8 646 7 n/a 6.4 10140 9 26 210.4 10 34 48200 -1 -6 1.4 6 12 20 3587 67British Alcan Aluminium ** 1.80 6 -29 n/m 0.4 4.0 -14 -536 n/m -3.3 442 2 -12 243.7 7 23 1813 -5 -29 1.0 12 2
Ranking of the <strong>top</strong> <strong>800</strong> <strong>UK</strong> <strong>companies</strong> <strong>by</strong> R&D <strong>investment</strong> within industry sectors–––––––––––––––––– 2005/06 R&D <strong>investment</strong> –––––––––––––––––– ——–—–– Operating profit ——–—–– ––––––––––––––––– Sales and employees ––––––––––––––––– ————––—–––—— R&D and employees ——–—––——––––—–––––––––– Sales –––––––––– ––––– Sales / employee ––––– ––––––––– Employees ––––––––– ––––– R&D / employee ––––– Sales––––– Growth ––––– operating R&D + ––––– Growth ––––– ––––– Growth ––––– –––––– Growth ––––– ––––– Growth ––––– –––––– Growth ––––– outside –––Market cap –––change change profit sales capex as change change sales change change change change change change change change region changeCompany £m 1 yr % 4 yr % % % % sales £m 1 yr % 4 yr % % £m 1 yr % 4 yr % £000 1 yr % 4 yr % number 1 yr % 4 yr % £000 1 yr % 4 yr % % £m %25 Media continuedOFCOM 3.41 0 82 n/m 2.3 6.2 -62 n/m n/m -42.8 145 342 572 189.3 11 60 768 300 324 4.4 -75 -56 0 n/l n/lAegis 3.00 275 -84 2.8 0.3 2.8 108 10 103 12.4 870 17 38 71.3 -3 -8 12205 20 49 0.2 211 -90 n/a 1371 2Thomson ** 2.30 -79 -84 n/m 0.4 4.2 -30 n/m -774 -5.6 523 1 15 101.8 -4 -2 5139 5 18 0.4 -80 -85 27 n/l n/lTrafficmaster 1.52 -15 -37 142.9 3.6 10.6 1 -56 n/a 2.5 42 16 27 81.4 -5 2 520 21 21 2.9 -30 -45 49 64 16Ingenta 1.21 -34 -43 n/m 18.4 19.2 -1 n/m n/m -9.3 7 -6 -24 70.9 29 40 93 -27 -47 13.0 -9 6 n/a 3 -25Character 1.14 -42 2 132.3 1.2 2.0 1 -77 -58 0.9 99 30 42 393.6 19 16 251 9 21 4.6 -47 -13 n/a 33 50Thomson Intermedia 0.83 9 42 47.0 7.4 9.8 2 447 n/a 15.8 11 88 191 66.3 35 119 168 39 28 4.9 -21 7 7 65 -4YooMedia 0.79 n/a n/a n/m 3.7 5.5 -24 n/m n/m -113.1 21 >999 >999 153.0 827 >999 139 209 278 5.7 n/a n/a 0 13 -73Knowledge Technology Solutions 0.75 63 141 n/m 60.1 65.4 -1 n/m n/m -84.7 1 62 396 65.8 45 296 19 12 58 39.5 46 69 0 2 -60Independent Media Distribution 0.67 44 n/a n/m 17.9 43.4 0 -140 -137 -9.1 4 -1 19 103.6 -37 -33 36 57 78 18.5 -8 n/a 0 18 n/a26 Mining 59.92 4.7 1.8 0.5 0.1 13.6 12804 73.3 143.5 28.0 45772 31.7 70 174.9 40.7 78.5 261669 -6.4 -4.9 0.2 15.7 10.1 n/a 103683 n/aAnglo American 23.30 -11 12 0.7 0.1 11.6 3232 26 73 18.9 17145 18 60 87.9 27 61 195000 -7 0 0.1 -5 12 54 35366 26BHP Billiton 19.22 74 23 0.4 0.1 15.8 5265 70 156 30.6 17234 29 64 472.6 24 89 36468 4 -19 0.5 67 39 67 25228 19Rio Tinto 11.65 -13 -27 0.3 0.1 13.2 4296 154 231 38.8 11086 68 105 398.4 99 134 27824 -16 -13 0.4 3 -18 79 42988 36IMERYS Minerals ** 3.84 -19 -16 34.7 1.3 10.1 11 -66 -62 3.6 307 0 1 129.9 5 12 2362 -4 -10 1.6 -15 -7 n/a n/l n/lZincox Resources 1.91 n/a n/a n/m n/a n/a -1 n/m n/m n/a 0 n/m n/m 0.0 n/m n/m 15 50 82 127.3 n/a n/a n/a 101 n/a27 Mobile telecommunications 225.23 -5 22.2 n/m 0.5 11.8 -18020 n/m n/m -41.3 43608 8.7 8.1 573.0 0.4 23.3 76103 8.3 -15.4 3.0 -12.2 22.3 2 63188 n/aVodafone 206.00 -6 24 n/m 0.6 9.8 -18465 n/m n/m -50.4 36616 7 21 593.7 0 22 61672 7 -2 3.3 -12 24 n/a 61607 -35Inmarsat 10.78 48 141 8.8 3.8 59.6 123 19 74 42.9 286 2 37 597.2 10 64 479 -7 -16 22.5 59 188 52 1518 n/aO2 (now part of Telefonica, Spain) 8.00 -20 -11 2.5 0.1 20.4 321 95 n/a 4.8 6683 17 35 480.4 4 28 13911 13 4 0.6 -29 -16 0 n/l n/l2 ergo 0.46 -38 n/a 38.0 2.0 2.6 1 202 n/a 5.2 23 107 n/a 564.4 47 n/a 41 41 n/a 11.1 -56 n/a 0 63 4028 Nonequity <strong>investment</strong> instruments n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/aNo <strong>companies</strong> with sufficient R&D for inclusion n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a29 Nonlife insurance 129.37 6.6 n/a 17.2 1.8 1.8 754 150.9 n/a 10.3 7339 -11.2 -45 285.1 -1 -1.9 25740 -10.3 -40.1 5.0 21.5 n/a n/a 4650 n/aRoyal & Sun Alliance 122.00 4 n/a 16.7 1.9 1.9 729 221 n/a 11.4 6420 -15 -46 253.8 -5 -9 25292 -11 -40 4.8 17 n/a n/a 4012 n/aKiln 3.77 301 188 44.5 1.0 1.0 8 -78 -48 2.3 361 13 28 2172.0 11 37 166 2 -17 22.7 292 167 n/a 265 32Beazley 3.60 n/a n/a 22.4 0.6 0.6 16 -55 -5 2.9 558 39 127 1978.7 -9 20 282 52 124 12.8 n/a n/a n/a 373 n/a30 Oil & gas producers 675.77 10.6 22.1 1.4 0.2 5.3 49829 34.2 88.5 13.8 359848 3.1 34.1 1537.9 6 41 233988 -2.7 -4 2.9 13.7 25 n/a n/a n/aRoyal Dutch Shell 342.50 6 18 1.3 0.2 5.3 25899 36 95 14.5 178664 16 57 1639.1 21 58 109000 -4 0 3.1 11 18 n/a 124031 -5BP 292.40 14 30 1.6 0.2 5.3 18027 31 92 12.4 145308 -12 15 1414.9 -11 22 102700 -1 -6 2.8 16 38 57 126066 -8Esso ** 28.80 40 62 1.8 0.3 3.2 1619 43 37 18.6 8691 29 33 1842.9 32 5 4716 -2 24 6.1 43 29 n/a n/l n/lBG 7.00 0 -28 0.3 0.1 20.8 2058 38 88 36.7 5612 37 73 1046.4 24 48 5363 11 18 1.3 -10 -40 n/a 25121 38Total ** 2.92 -13 -59 0.2
Ranking of the <strong>top</strong> <strong>800</strong> <strong>UK</strong> <strong>companies</strong> <strong>by</strong> R&D <strong>investment</strong> within industry sectors–––––––––––––––––– 2005/06 R&D <strong>investment</strong> –––––––––––––––––– ——–—–– Operating profit ——–—–– ––––––––––––––––– Sales and employees ––––––––––––––––– ————––—–––—— R&D and employees ——–—––——––––—–––––––––– Sales –––––––––– ––––– Sales / employee ––––– ––––––––– Employees ––––––––– ––––– R&D / employee ––––– Sales––––– Growth ––––– operating R&D + ––––– Growth ––––– ––––– Growth ––––– –––––– Growth ––––– ––––– Growth ––––– –––––– Growth ––––– outside –––Market cap –––change change profit sales capex as change change sales change change change change change change change change region changeCompany £m 1 yr % 4 yr % % % % sales £m 1 yr % 4 yr % % £m 1 yr % 4 yr % £000 1 yr % 4 yr % number 1 yr % 4 yr % £000 1 yr % 4 yr % % £m %33 Pharmaceuticals & biotechnology continuedAstraZeneca 1968.20 -11 3 52.0 14.1 17.6 3787 36 54 27.1 13950 12 28 215.0 11 16 64900 1 11 30.3 -12 -6 n/a 50344 20Pfizer ** 350.48 -41 -31 n/m 35.8 47.0 -9 -102 -102 -0.9 979 -10 7 169.8 -14 -7 5768 4 17 60.8 -43 -40 n/a n/l n/lShire 167.26 49 46 n/m 18.0 22.5 -96 -245 n/m -10.3 932 23 33 445.7 12 12 2090 10 18 80.0 35 23 n/a 4226 34Eli Lilly ** 139.82 -5 18 69.1 7.0 10.2 202 -13 3 10.1 1999 11 28 438.3 4 13 4560 7 14 30.7 -11 5 n/a n/l n/lRoche ** 101.02 1 16 598.1 17.2 23.1 17 n/a n/a 2.9 589 5 20 367.1 13 44 1604 -7 -20 63.0 8 40 n/a n/l n/lMerck Sharp & Dohme ** 90.68 45 31 n/m 23.5 48.3 -14 -145 -177 -3.5 386 -17 4 195.7 -14 -2 1972 -4 7 46.0 52 22 22 n/l n/lMerial 88.30 7 13 58.6 7.7 13.2 151 5 12 13.1 1152 6 15 192.8 11 20 5974 -4 -4 14.8 12 18 63 n/l n/lNovartis Pharmaceuticals ** 58.57 4 7 n/m 20.0 24.3 -1 -108 -108 -0.5 293 -8 4 170.1 -9 1 1723 0 3 34.0 4 4 0 n/l n/lCambridge Antibody(now part of AstraZeneca) 39.17 -11 10 n/m 20.2 21.2 -9 n/m n/m -4.8 194 >999 >999 683.0 >999 >999 284 0 5 137.9 -12 7 99 n/l n/lJanssen-Cilag ** 34.59 -3 18 128.8 16.2 17.4 27 197 336 12.6 214 2 11 253.3 21 3 843 -15 5 41.0 15 18 0 n/l n/lAcambis 34.50 19 67 n/m 84.4 97.1 -31 -238 -320 -74.8 41 -52 -52 148.7 -50 -52 275 -5 11 125.5 25 44 96 142 -49American Home Products ** 33.89 -32 -25 48.7 4.5 6.2 70 74 22 9.2 757 11 12 382.5 14 5 1979 -2 6 17.1 -30 -29 n/a n/l n/lOrganon Laboratories ** 31.49 3 10 694.6 30.8 38.6 5 46 7 4.4 102 -5 3 191.3 1 12 535 -6 -9 58.9 10 21 0 n/l n/lBristol-Myers Squibb ** 29.11 19 32 83.5 7.1 11.0 35 13 -10 8.5 410 7 16 202.6 -2 31 2022 9 -6 14.4 9 48 n/a n/l n/lVernalis 26.49 24 9 n/m 187.5 192.6 -33 n/m n/m -232.3 14 -7 46 96.8 -17 n/a 146 11 n/a 181.4 11 n/a 59 211 56SkyePharma 26.00 -7 31 n/m 42.4 47.6 -39 n/m n/m -63.0 61 -1 6 134.1 -5 6 457 4 1 56.9 -11 30 22 181 -51ProStrakan 22.43 119 187 n/m 70.9 75.5 -37 n/m n/m -117.0 32 47 233 106.9 -22 31 296 87 191 75.8 17 -5 0 197 n/aAlizyme 15.75 151 79 n/m n/a n/a -19 n/m n/m n/a 0 -100 -100 0.0 -100 -100 19 6 19 829.1 138 49 n/a 180 9Warner Chilcott(now Chilcott)(now part of Warner Acquisition) 15.72 -6 31 320.9 5.2 7.1 5 -93 -88 1.6 305 21 69 317.9 32 132 958 -8 -31 16.4 3 78 94 n/l n/lOSI Pharmaceticals ** 15.64 -24 8 n/m 100.0 102.5 -5 -409 n/m -31.5 16 -24 8 120.3 -16 0 130 -10 16 120.3 -16 0 100 n/l n/lBoehringer Ingelheim ** 15.59 -37 -27 98.3 8.7 12.8 16 6 70 8.9 178 20 33 204.2 19 20 874 1 11 17.8 -37 -31 0 n/l n/lJohnson & Johnson ** 15.00 1 -11 22.6 1.6 3.9 66 40 15 7.2 923 11 7 195.1 11 8 4733 0 -1 3.2 1 -11 n/a n/l n/lGenerics <strong>UK</strong> ** 14.34 38 109 n/m 14.7 17.0 -26 n/m >-999 -26.4 97 -26 -10 218.0 -23 -10 447 -4 3 32.1 44 107 n/a n/l n/lXenova(now part of Celtic Pharma Development) 14.28 -5 3 n/m 312.8 321.7 -15 n/m n/m -324.8 5 -41 -16 49.1 -33 14 93 -11 -16 153.5 7 20 59 n/l n/lArk <strong>The</strong>rapeutics 13.94 52 132 n/m 594.0 626.8 -19 n/m n/m -794.8 2 >999 >999 19.2 974 >999 122 42 138 114.3 7 -8 0 123 -2Astex <strong>The</strong>rapeutics 12.59 11 67 n/m 312.3 318.0 -12 n/m n/m -290.9 4 33 114 44.3 50 114 91 -12 10 138.4 25 57 21 n/l n/lInnovata 10.37 -20 -9 n/m 66.0 78.0 -9 n/m n/m -58.4 16 99 70 134.2 95 159 117 2 -37 88.6 -21 29 21 111 -13GW Pharmaceuticals 10.28 -26 -7 n/m 330.4 334.2 -10 n/m n/m -317.7 3 n/m 149 30.8 n/m 191 101 -21 2 101.7 -7 -12 100 92 15Vectura 10.21 17 109 n/m 227.7 236.5 -9 n/m n/m -210.4 4 57 47 44.0 55 13 102 1 24 100.1 16 87 2 162 93Hikma Pharmaceuticals 9.62 71 n/a 24.1 6.3 16.3 40 9 n/a 26.1 153 23 n/a 83.6 -4 n/a 1827 28 n/a 5.3 33 n/a 92 569 n/aMicroscience(now Microscience Investments) 9.60 -6 36 n/m >999.9 >999.9 -11 n/m n/m >-999.9 0 -55 -90 0.6 -54 -94 70 -3 27 137.2 -4 14 0 n/l n/lOxford Biomedica 9.33 1 -5 n/m >999.9 >999.9 -11 n/m n/m >-999.9 1 64 131 11.9 47 134 69 11 -5 135.2 -9 0 94 119 -13Arakis 9.00 n/a n/a n/m n/a n/a -11 n/a n/a n/a 0 n/a n/a 0.0 n/a n/a 36 n/a n/a 249.9 n/a n/a n/a n/l n/lAxis-Shield 8.97 -11 -9 482.4 15.4 23.6 2 n/a n/a 3.2 58 11 21 127.6 7 16 456 4 5 19.7 -14 -13 31 167 4IVAX(now part of Teva Pharmaceutical Industries, Israel) ** 8.65 -25 -20 n/m 6.0 6.9 -8 n/m n/m -5.2 145 -13 14 249.0 1 42 583 -15 6 14.8 -13 0 n/a n/l n/lGenus 8.54 -5 -1 88.6 4.7 7.2 10 8 35 5.3 183 0 8 140.9 2 14 1301 -2 -6 6.6 -3 5 28 248 94Sanofi-Synthelabo ** 8.51 10 -2 27.2 3.6 12.8 31 70 212 13.2 237 6 23 169.6 -1 11 1400 7 11 6.1 3 -12 3 n/l n/lYamanouchi(now Astellas Pharma Europe) ** 8.33 -66 -80 19.7 2.8 2.8 42 40 198 14.0 302 18 34 5213.2 -35 -50 58 81 57 143.7 -81 -92 n/a n/l n/lBTG 8.10 -49 -49 n/m 16.1 16.1 -12 n/m n/m -23.5 50 31 34 528.4 141 155 95 -46 -49 85.3 -6 -3 88 187 -31Servier ** 7.81 27 39 n/m 89.9 119.7 0 -119 -110 -0.3 9 20 30 119.1 27 29 73 -5 0 107.0 34 38 0 n/l n/lRenovo 7.72 26 99 n/m n/a n/a -10 n/m n/m n/a 0 n/m n/m 0.0 n/m n/m 94 24 91 82.1 2 4 n/a n/l n/lRandox Laboratories 7.65 -23 -5 n/m 23.7 30.0 -4 n/m >-999 -11.6 32 5 31 58.4 -4 -4 554 9 37 13.8 -29 -30 n/a n/l n/lNovo Nordisk ** 6.97 15 22 100.7 10.9 11.1 7 66 58 10.8 64 28 30 243.1 31 27 264 -3 2 26.4 18 27 0 n/l n/lPhy<strong>top</strong>harm 6.86 8 16 n/m 92.9 93.8 -3 n/m n/m -44.6 7 588 284 184.5 588 231 40 0 14 171.4 8 2 54 28 -32Protherics 6.75 47 152 n/m 38.1 52.9 -10 n/m n/m -53.7 18 -6 20 89.9 1 18 197 -7 5 34.2 59 155 91 203 57Genzyme ** 6.56 46 166 87.4 6.5 16.0 8 -15 59 7.5 101 18 48 198.0 2 8 508 15 36 12.9 26 104 20 n/l n/lDaiichi Pharmaceuticals ** 5.70 51 44 n/m 100.0 101.3 -2 -431 -432 -36.7 6 -25 -6 219.1 -23 2 26 -4 -7 219.1 57 56 100 n/l n/lAllergy <strong>The</strong>rapeutics 5.62 >999 243 n/m 27.3 31.7 -2 -255 -463 -11.7 21 14 27 90.0 22 34 229 -7 -5 24.5 >999 263 8 88 17Intercytex 5.61 32 78 n/m n/a n/a -7 n/m n/m n/a 0 n/m -100 0.0 n/m -100 56 17 48 100.1 13 20 n/a 49 n/aNapp Pharmaceutical 5.49 2 -53 32.5 4.5 11.5 17 39 95 13.7 123 18 30 173.0 10 21 713 8 8 7.7 -5 -56 n/a n/l n/lEvolutec 5.35 708 518 n/m >999.9 >999.9 -7 n/m n/m >-999.9 0 -26 -92 1.3 -60 -95 11 83 91 486.0 340 217 100 28 22NeuTec Pharma 5.14 56 124 n/m n/a n/a -5 n/m n/m n/a 0 n/m n/m 0.0 n/m n/m 20 33 51 256.9 17 54 n/a n/l n/lCeNeS Pharmaceuticals 4.89 41 6 n/m >999.9 >999.9 -8 n/m n/m >-999.9 0 2 -98 3.4 -11 -96 16 14 -67 305.8 23 85 100 20 -39Amarin 4.84 139 59 n/m >999.9 >999.9 -11 -240 n/m >-999.9 0 -51 -99 12.7 -62 -95 23 28 -69 210.6 87 280 100 264 >999Plethora Solutions 4.55 152 n/a n/m >999.9 >999.9 -6 n/m n/a >-999.9 0 n/m n/a 1.2 n/m n/a 14 180 n/a 325.1 -10 n/a n/a 43 79Lorantis 4.53 17 57 n/m n/a n/a -7 n/m n/m n/a 0 -100 -100 0.0 -100 -100 49 2 46 92.5 15 7 n/a n/l n/l- see notes on page 25422 <strong>The</strong> <strong>2006</strong> R&D Scoreboard<strong>The</strong> <strong>2006</strong> R&D Scoreboard 23
Ranking of the <strong>top</strong> <strong>800</strong> <strong>UK</strong> <strong>companies</strong> <strong>by</strong> R&D <strong>investment</strong> within industry sectors–––––––––––––––––– 2005/06 R&D <strong>investment</strong> –––––––––––––––––– ——–—–– Operating profit ——–—–– ––––––––––––––––– Sales and employees ––––––––––––––––– ————––—–––—— R&D and employees ——–—––——––––—–––––––––– Sales –––––––––– ––––– Sales / employee ––––– ––––––––– Employees ––––––––– ––––– R&D / employee ––––– Sales––––– Growth ––––– operating R&D + ––––– Growth ––––– ––––– Growth ––––– –––––– Growth ––––– ––––– Growth ––––– –––––– Growth ––––– outside –––Market cap –––change change profit sales capex as change change sales change change change change change change change change region changeCompany £m 1 yr % 4 yr % % % % sales £m 1 yr % 4 yr % % £m 1 yr % 4 yr % £000 1 yr % 4 yr % number 1 yr % 4 yr % £000 1 yr % 4 yr % % £m %35 Software & computer services continuedFujitsu Services ** 40.60 59 58 23.9 1.8 10.6 170 53 546 7.4 2294 16 19 135.2 2 4 16961 13 13 2.4 40 47 n/a n/l n/lLogicaCMG 25.50 -32 -58 23.7 1.4 3.1 108 41 n/a 5.9 1836 10 3 89.2 5 11 20579 5 -8 1.2 -35 -53 n/a 1932 43iSOFT 18.28 44 155 37.8 7.0 8.3 48 138 221 18.5 262 76 216 102.9 -8 -23 2546 90 292 7.2 -24 -38 6 140 -86RM 16.81 16 30 433.7 6.4 12.3 4 -33 -16 1.5 263 0 14 122.9 -12 -10 2137 14 27 7.9 1 2 1 159 3Intec Telecom Systems 16.51 44 86 n/m 14.2 19.4 -5 n/m n/m -4.2 116 69 125 80.8 -19 -16 1438 109 170 11.5 -31 -31 66 132 -30Systems Union 14.17 -5 17 168.1 12.5 14.7 8 72 143 7.4 113 9 35 81.7 -2 -12 1388 11 52 10.2 -14 -24 n/a n/l n/lAVEVA 13.95 24 87 124.1 21.2 22.7 11 95 100 17.1 66 15 61 135.7 12 23 486 3 32 28.7 21 44 53 231 28Micro Focus International 13.63 n/a n/a 65.2 15.5 16.4 21 n/a n/a 23.8 88 n/a n/a 180.6 n/a n/a 486 n/a n/a 28.1 n/a n/a n/a 216 n/aAutonomy 12.77 54 80 228.0 22.8 23.4 6 117 449 10.0 56 48 58 175.9 2 4 318 45 51 40.2 6 19 62 759 105Northgate Information Solutions 12.76 67 74 132.7 6.2 8.4 10 n/a >999 4.7 206 51 95 90.8 26 4 2266 20 83 5.6 39 -11 2 380 -10NSB 12.69 10 -20 129.1 26.2 37.7 10 n/a n/a 20.3 48 7 -30 71.4 17 8 678 -9 -35 18.7 20 22 97 104 -3Torex Retail 12.62 6 n/a n/m 7.5 8.8 -8 -179 n/a -4.6 167 126 n/a 73.2 -1 n/a 2285 129 n/a 5.5 -53 n/a n/a 228 -22Royalblue 10.53 42 60 109.4 14.2 21.8 10 19 37 13.0 74 24 24 126.2 2 10 588 21 12 17.9 17 40 46 270 21Anite 10.16 -14 23 >999.9 5.4 10.4 0 n/a n/a 0.3 189 -3 -6 111.4 9 12 1700 -11 -16 6.0 -3 46 18 251 9SCI Entertainment † 10.13 4 47 n/m 49.4 51.3 -19 -519 -650 -92.2 21 -34 4 85.6 -62 -70 240 73 238 42.2 -40 -62 60 342 23DICOM 9.89 24 41 97.2 5.5 7.2 10 4 37 5.7 180 15 19 164.5 -11 -18 1093 29 44 9.0 -4 -1 21 196 -6Fair Isaac ** † 9.42 -25 -25 n/m 17.2 22.0 -9 >-999 n/m -16.7 55 -6 -13 71.8 -9 -21 763 4 9 12.4 -28 -32 65 n/l n/lCODASciSys 8.80 0 n/a 118.4 12.1 14.2 7 108 65 10.2 73 7 9 86.3 8 11 843 0 -2 10.4 0 n/a n/a 128 25Empire Interactive 8.43 -13 14 >999.9 28.6 28.9 0 -24 n/a 1.6 29 -3 53 243.1 26 75 121 -23 -8 69.6 14 29 43 3 -50SurfControl 7.55 34 77 251.1 13.3 15.4 3 -58 n/a 5.3 57 12 54 110.0 0 17 518 12 34 14.6 20 31 71 132 -6GEAC ** 7.45 12 -15 52.9 9.5 10.1 14 51 102 18.0 78 -12 -22 110.1 -8 7 712 -4 -30 10.5 17 21 n/a n/l n/lDelcam 6.51 12 34 288.6 27.7 32.1 2 84 91 9.6 23 12 19 62.1 1 -9 378 10 30 17.2 2 3 n/a 19 6Cramer Systems 6.38 11 43 157.8 16.3 18.4 4 -47 >999 10.3 39 5 84 149.0 -16 41 263 25 31 24.3 -11 8 24 n/l n/lUbiquity Software 6.30 98 136 n/m 84.5 93.3 -9 n/m n/m -123.7 7 40 179 40.1 3 71 186 37 71 33.9 45 37 79 38 -42Microgen 6.16 46 137 115.2 15.1 30.9 5 56 n/a 13.1 41 -4 42 86.6 2 1 471 -6 40 13.1 54 74 7 54 -33Marlborough Stirling(now Vertex Financial Services) 5.97 30 26 n/m 6.4 16.4 -13 >-999 n/m -14.0 94 -15 8 61.3 -7 -7 1532 -8 14 3.9 42 -4 n/a n/l n/lSuperscape 5.92 71 116 n/m 147.2 152.2 -10 n/m n/m -251.2 4 -1 90 31.7 -48 9 127 90 65 46.6 -10 18 83 23 -53Macro 4 5.17 3 -3 624.4 15.6 17.3 1 -38 n/a 2.5 33 6 -12 130.8 10 11 253 -3 -21 20.4 6 21 33 51 -19MessageLabs 5.15 41 148 n/m 6.9 27.8 -3 n/m n/m -3.9 75 30 104 112.3 9 17 664 19 80 7.8 18 45 13 n/l n/lClearswift Systems 4.41 -1 54 n/m 18.2 19.3 -7 n/m n/m -30.1 24 4 90 119.2 9 42 203 -5 53 21.7 4 -16 34 n/l n/lRedac * 4.21 84 -36 n/m 6.5 7.2 -4 n/m n/m -6.4 65 -18 -22 102.8 -1 7 631 -17 -27 6.7 123 -10 n/a n/l n/lWitness Systems ** 4.07 71 -1 142.6 16.9 17.8 3 209 n/a 11.9 24 10 -34 200.4 13 46 120 -2 -57 33.9 76 120 n/a n/l n/lMeridio 3.93 80 n/a n/m 61.0 63.9 -4 -623 n/a -62.8 6 -12 n/a 72.4 -39 n/a 89 44 n/a 44.1 26 n/a n/a n/l n/lSDL 3.88 53 33 67.3 4.9 6.2 6 33 >999 7.3 78 25 44 54.2 10 6 1449 14 36 2.7 34 -9 58 139 60StatPro 3.71 34 106 222.9 34.4 36.1 2 64 n/a 15.4 11 19 40 110.1 3 27 98 15 7 37.8 16 91 25 33 74Detica 3.65 25 n/a 34.0 3.6 8.8 11 33 55 10.6 102 43 107 108.3 -11 -14 937 61 139 3.9 -22 n/a 6 326 61AIT (now Portrait Software) 3.61 -17 -44 197.2 25.3 25.5 2 -21 n/a 12.8 14 -27 -47 109.1 -12 20 131 -18 -59 27.6 1 30 28 18 38TTP 3.36 -18 -32 n/m 15.0 16.3 -1 -457 n/m -3.9 22 -11 -13 79.9 -4 1 280 -7 -13 12.0 -12 -21 30 n/l n/lTransitive 3.34 19 n/a n/m 275.6 283.1 -3 n/m n/a -285.3 1 -60 n/a 18.9 -62 n/a 64 5 n/a 52.1 13 n/a 100 n/l n/lAlphameric 2.88 -15 -28 38.3 3.9 9.5 8 n/a n/a 10.2 73 5 17 131.0 45 52 561 -28 -23 5.1 18 -7 0 83 -25Comino (now part of Civica) 2.84 -4 5 168.9 11.1 14.2 2 9 30 6.6 26 4 13 90.5 5 7 282 0 5 10.1 -4 5 0 n/l n/lnCipher 2.84 0 -12 151.8 16.3 18.0 2 166 n/a 10.7 17 22 30 141.3 8 41 123 13 -11 23.0 -11 -2 52 63 0Innovation 2.72 -30 -56 n/m 4.5 7.1 -11 n/m n/m -18.7 61 5 -11 55.2 -6 -25 1103 12 17 2.5 -37 -64 n/a 140 7Pilat Media <strong>Global</strong> 2.66 625 253 114.2 20.4 22.4 2 35 352 17.9 13 8 80 98.5 -4 24 132 12 45 20.1 548 110 70 28 22Kewill Systems 2.46 16 -29 200.7 9.2 10.7 1 57 n/a 4.6 27 20 -35 69.7 -14 -18 383 41 -19 6.4 -18 -9 65 50 -21PlusNet 2.45 156 181 57.8 7.0 18.3 4 151 192 12.1 35 27 130 201.1 -12 43 175 43 70 14.0 78 87 0 37 -54XKO 2.42 72 91 67.0 8.7 9.7 4 >999 n/a 13.0 28 -38 -36 102.0 8 3 271 -43 -38 8.9 201 208 0 33 43Searchspace 2.30 8 -10 n/m 14.4 16.6 -3 n/m n/m -20.8 16 12 50 88.7 0 23 180 13 25 12.8 -4 -29 n/a n/l n/lWorkplace Systems International 2.26 -12 -38 n/m 29.5 30.3 0 n/m n/m -0.1 8 -28 -51 68.6 -14 -1 112 -16 -52 20.2 6 25 10 7 -70Flomerics 2.21 -3 -12 243.6 19.4 22.8 1 36 83 8.0 11 12 1 84.0 -4 -4 136 16 5 16.3 -16 -16 61 21 75Alterian 2.18 -10 5 483.6 20.5 23.3 0 n/a n/a 4.2 11 36 89 123.6 12 78 86 21 -4 25.3 -25 -1 38 45 -4Tertio Telecoms (now Evolving Systems) ** 2.13 22 6 109.0 15.8 19.0 2 104 n/a 14.5 13 25 -19 140.6 44 57 96 -13 -49 22.2 39 92 n/a n/l n/lRecognition Systems (now Protagona) ** 2.08 -5 -14 n/m 178.3 179.8 -2 n/m n/m -198.0 1 -21 -80 30.7 4 -47 38 -24 -59 54.7 25 91 24 n/l n/lNewchurch 2.07 42 9 n/m 36.8 39.6 -3 n/m n/m -55.4 6 163 238 63.3 92 89 89 37 71 23.3 3 -45 0 n/l n/lBond International Software 2.01 22 57 75.5 14.4 17.6 3 47 431 19.1 14 45 62 76.1 4 21 183 40 36 11.0 -13 14 n/a 39 50Tadpole Technology 1.98 17 -35 n/m 21.7 23.7 -9 n/m n/m -100.0 9 89 -29 91.2 60 1 100 18 -22 19.8 -1 -16 33 7 -63Ant 1.96 40 59 n/m 78.1 85.0 -2 n/m n/m -86.2 3 13 64 59.7 -19 22 42 40 30 46.6 0 25 48 13 n/aPlanit 1.95 13 133 79.2 6.9 9.4 2 22 18 8.8 28 4 27 74.8 4 0 376 0 26 5.2 13 94 n/a 24 n/aClinPhone 1.94 20 n/a 187.3 5.7 11.6 1 369 n/a 3.1 34 624 n/a 68.2 532 n/a 497 15 n/a 3.9 5 n/a 74 120 n/aDRS Data & Research Services 1.72 11 117 >999.9 13.8 17.8 0 -72 -93 0.6 12 -14 -2 75.5 -15 -14 165 2 14 10.4 9 99 30 11 -27Vebnet 1.66 126 98 n/m 51.1 58.8 0 n/m n/m 0.0 3 211 93 87.7 127 -13 37 37 90 44.8 65 2 0 14 -22Insignia Solutions 1.64 -17 -42 n/m 519.0 535.2 -4 n/m n/m >-999.9 0 -24 -93 9.8 -41 -78 32 28 -60 51.1 -35 17 n/a 0 -10026 <strong>The</strong> <strong>2006</strong> R&D Scoreboard<strong>The</strong> <strong>2006</strong> R&D Scoreboard 27
Ranking of the <strong>top</strong> <strong>800</strong> <strong>UK</strong> <strong>companies</strong> <strong>by</strong> R&D <strong>investment</strong> within industry sectors–––––––––––––––––– 2005/06 R&D <strong>investment</strong> –––––––––––––––––– ——–—–– Operating profit ——–—–– ––––––––––––––––– Sales and employees ––––––––––––––––– ————––—–––—— R&D and employees ——–—––——––––—–––––––––– Sales –––––––––– ––––– Sales / employee ––––– ––––––––– Employees ––––––––– ––––– R&D / employee ––––– Sales––––– Growth ––––– operating R&D + ––––– Growth ––––– ––––– Growth ––––– –––––– Growth ––––– ––––– Growth ––––– –––––– Growth ––––– outside –––Market cap –––change change profit sales capex as change change sales change change change change change change change change region changeCompany £m 1 yr % 4 yr % % % % sales £m 1 yr % 4 yr % % £m 1 yr % 4 yr % £000 1 yr % 4 yr % number 1 yr % 4 yr % £000 1 yr % 4 yr % % £m %35 Software & computer services continuedGresham Computing 1.61 9 4 n/m 11.5 12.5 -1 n/m n/m -9.7 14 13 1 96.4 13 18 145 0 -13 11.1 9 14 29 52 -15IBS OPENSystems † 1.61 n/a n/a 37.7 7.7 8.2 4 8 76 20.5 21 22 66 138.9 7 23 150 14 38 10.7 n/a n/a 0 69 n/aOMG 1.61 15 12 264.7 11.3 17.6 1 261 n/a 4.3 14 30 47 149.6 -4 -1 95 36 46 16.9 -15 -24 81 22 144Clarity Commerce Solutions 1.60 60 228 240.6 9.8 10.6 1 12 157 4.1 16 22 105 85.4 14 31 191 7 63 8.4 49 117 12 11 -8Electronic Data Processing 1.60 -7 -13 >999.9 22.9 26.5 0 -78 n/a 2.2 7 -16 -22 54.9 -7 6 127 -10 -27 12.6 3 19 2 15 -25World Gaming 1.60 -37 -25 15.7 16.9 23.4 10 452 n/a 107.3 9 -8 -7 175.7 57 90 54 -41 -52 29.6 7 50 n/a 92 -32ASITE 1.56 57 3 n/m 102.2 108.8 -1 n/m n/m -86.1 2 -9 -39 17.6 -28 -44 87 26 2 18.0 24 57 0 2 -33Pro-Bel ** 1.55 363 2 156.1 9.2 10.6 1 -28 n/a 5.9 17 129 14 152.1 125 41 111 2 -18 13.9 354 31 n/a n/l n/lIndigoVision 1.45 -4 -37 n/m 40.1 41.3 -2 n/m n/m -55.6 4 60 78 80.1 67 176 45 -4 -42 32.2 1 9 n/a 36 260VI 1.45 8 14 >999.9 14.2 16.4 0 n/a 333 1.1 10 5 25 86.4 4 5 118 1 19 12.3 7 -5 39 3 0EasyScreen (now Refco Screens) 1.38 -8 -28 n/m 62.3 65.8 -3 n/m n/m -138.7 2 -17 -1 56.6 -8 23 39 -9 -22 35.3 1 -16 3 n/l n/lCorpora 1.36 68 n/a n/m 70.2 73.6 -5 n/m n/a -241.7 2 287 n/a 42.0 119 n/a 46 77 n/a 29.5 -5 n/a 12 11 120Empower Interactive 1.35 -4 33 n/m 22.9 34.5 -4 n/m n/m -72.3 6 95 339 115.7 88 288 51 4 32 26.5 -8 -2 54 n/l n/lMediasurface 1.25 10 -45 n/m 18.4 19.6 -1 n/m n/m -12.6 7 26 -2 86.0 13 41 79 11 -37 15.8 -1 -7 8 10 0Argo Interactive 1.19 16 -13 n/m 30.8 33.3 0 n/m n/m -6.2 4 164 493 133.5 100 422 29 32 -21 41.2 -12 -3 n/a n/l n/lSystem C Healthcare 1.19 -24 n/a 47.2 6.5 11.9 3 n/a n/a 13.8 18 226 n/a 103.6 37 n/a 176 138 n/a 6.8 -68 n/a 0 26 n/aAppSense 1.17 49 n/a 494.5 13.8 18.6 0 n/a n/a 2.8 9 39 n/a 92.4 -7 n/a 92 48 n/a 12.7 1 n/a 22 n/l n/lFFastFill 1.12 6 -41 n/m 25.9 52.2 -3 n/m n/m -68.6 4 63 223 46.5 12 114 93 45 56 12.0 -27 -56 16 10 -29IDOX 1.11 -6 2 151.0 7.8 10.1 1 n/a n/a 5.2 14 48 210 100.4 30 81 141 14 88 7.9 -18 -38 0 13 -32Financial Objects 1.10 -20 -23 n/m 7.9 9.9 0 n/m n/m -1.8 14 46 11 67.9 -12 -23 205 67 45 5.4 -52 -46 8 18 38Rolfe & Nolan 1.10 9 n/a 30.3 4.6 5.9 4 139 n/a 15.1 24 19 5 101.2 19 55 238 0 -40 4.6 9 n/a 46 n/l n/lZ Group 1.05 n/a n/a 102.4 21.1 25.6 1 61 n/a 20.6 5 63 n/a 165.7 -2 n/a 30 67 n/a 35.0 n/a n/a 14 21 n/aCivica 1.04 n/a n/a 21.7 1.0 1.7 5 203 n/a 4.5 106 17 n/a 179.4 -9 n/a 591 29 n/a 1.8 n/a n/a 15 143 n/aPrologic 1.03 39 n/a 149.3 10.6 11.6 1 40 n/a 7.1 10 39 n/a 142.0 25 n/a 68 11 n/a 15.1 25 n/a 0 9 29ServicePower Technologies 1.02 -28 41 n/m 12.8 13.6 -2 n/m n/m -21.0 8 93 121 86.3 61 45 92 19 49 11.1 -40 -6 78 18 -33Sopheon 1.01 13 -46 n/m 21.6 22.8 -1 -155 n/m -26.2 5 8 -50 74.0 -1 25 63 9 -62 16.0 4 36 58 26 -7Ascribe 0.99 16 n/a 131.5 18.4 19.2 1 n/a n/a 14.0 5 89 n/a 71.3 31 n/a 75 44 n/a 13.1 -19 n/a n/a 36 -5Manpower Software 0.96 -6 11 291.8 16.2 17.4 0 -8 n/a 5.6 6 15 60 83.2 -1 19 71 16 36 13.5 -20 -18 17 8 -20Business Control Solutions 0.90 62 n/a n/m 10.9 12.7 -2 -284 n/a -22.2 8 -7 n/a 154.8 -33 n/a 53 39 n/a 16.9 16 n/a 0 21 n/aFocus Solutions 0.89 -2 62 >999.9 16.4 17.6 0 n/a n/a 999Zoo Digital † 0.84 1 55 n/m 8.3 11.5 -2 n/m n/m -20.5 10 99 295 92.1 -17 72 110 139 116 7.6 -58 -31 0 5 -84DCS 0.80 -76 -73 n/m 2.3 3.1 -1 n/m n/m -2.3 35 -17 -48 60.1 -15 -20 584 -3 -34 1.4 -75 -63 5 n/l n/lIntercede 0.78 5 13 n/m 43.1 43.5 0 n/m n/m -21.4 2 13 9 60.2 5 4 30 7 0 26.0 -2 14 8 10 43Computer Software 0.75 -39 -21 76.6 5.3 6.1 1 n/a n/a 6.9 14 125 297 91.4 21 51 154 86 174 4.9 -67 -72 0 57 111Consilium 0.75 80 n/a 83.1 10.9 12.0 1 n/a 641 13.1 7 25 29 87.2 17 17 79 7 11 9.5 69 n/a 0 n/l n/lOneClickHR 0.75 55 207 n/m 15.7 18.5 -2 n/m n/m -36.2 5 -1 -2 37.2 -11 -17 128 11 12 5.8 39 211 0 6 20Total Systems 0.64 -10 -11 441.0 18.2 25.3 0 -57 -79 4.1 3 1 -16 68.4 11 -1 51 -9 -15 12.5 -1 3 0 4 -20Mirago 0.61 28 106 n/m 11.3 15.7 0 n/m n/m -5.4 5 48 311 117.3 3 127 46 44 124 13.2 -11 -7 0 n/l n/lRaft International(now part of Financial Objects) 0.59 84 13 n/m 7.3 11.0 -1 n/m n/m -17.5 8 12 2 93.4 -11 -18 87 26 24 6.8 46 -9 25 n/l n/lPatsystems 0.54 -81 -69 n/m 3.5 5.2 -1 n/m n/m -5.1 15 31 75 124.7 22 64 124 8 1 4.3 -83 -72 68 25 9Chelford 0.53 -14 -29 40.4 3.6 4.3 1 458 n/a 9.0 14 22 57 88.9 -26 -4 163 65 65 3.2 -48 -57 0 13 -19Birchfield Interactive 0.52 -5 62 361.1 23.5 27.4 0 n/a n/a 6.5 2 66 188 67.2 31 55 33 27 91 15.8 -25 2 0 n/l n/lTranseda Technology ** 0.49 -6 -23 n/m 31.6 33.4 0 -106 n/m -2.8 2 -15 -31 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/l n/lTelephonetics 0.44 2 n/a n/m 10.0 14.4 -1 -379 n/a -32.6 4 54 n/a 158.7 32 n/a 28 17 n/a 15.8 -13 n/a 0 21 n/aIntelligent Environments 0.42 -24 -54 n/m 13.5 15.5 0 n/m n/m -7.0 3 1 1 100.7 15 55 31 -11 -44 13.6 -14 -21 0 8 60Retail Decisions 0.42 10 80 5.0 0.8 2.0 8 53 n/a 15.3 55 72 94 286.2 75 123 191 -2 -14 2.2 12 103 45 141 55Pole Star Space Applications 0.41 2 10 101.7 8.8 9.8 0 69 n/a 8.6 5 51 172 782.0 n/a n/a 6 n/a n/a 68.5 n/a n/a n/a n/l n/lGB 0.40 -8 -28 n/m 3.1 4.4 -1 n/m n/m -4.4 13 14 0 108.8 21 36 118 -6 -31 3.4 -3 1 0 30 -3Boltblue 0.38 -15 n/a n/m 14.0 14.1 -1 n/m n/a -27.9 3 -18 n/a 168.0 -3 n/a 16 -16 n/a 23.4 1 n/a 0 n/l n/l36 Support services 152.61 9 -38.5 14.4 1.1 5.8 1057 44.8 44.1 7.5 14055 15.6 36 24.6 -4 -19.1 570376 20.3 63.1 0.3 -9.5 -62.2 31 9727 n/aSerco 45.30 18 n/a 46.7 2.0 3.2 97 40 80 4.3 2260 38 82 60.7 13 25 37253 23 47 1.2 -4 n/a n/a 1697 45Voca 29.25 257 77 775.3 32.8 34.8 4 n/a n/a 4.2 89 15 35 223.3 13 38 399 2 -3 73.3 251 86 0 n/l n/lDe La Rue 13.70 -18 -38 18.5 2.2 4.7 74 95 123 12.1 611 -5 -5 101.4 3 6 6022 -8 -10 2.3 -12 -31 56 892 32Urenco 10.66 -16 -15 5.1 2.1 43.6 208 21 62 41.5 502 3 13 280.9 10 16 1786 -6 -2 6.0 -11 -14 60 n/l n/lArup 5.34 -29 n/a 47.8 1.2 3.3 11 13 17 2.6 430 5 13 66.7 4 4 6449 1 8 0.8 -30 n/a 41 n/l n/lGenerics Group ** 4.41 -30 n/a n/m 28.2 34.9 -2 n/m n/m -11.7 16 25 5 79.0 40 25 198 -11 -16 22.3 -22 n/a 33 n/l n/lRicardo 3.86 -13 -21 47.4 2.4 6.4 8 n/a -28 5.1 160 9 13 98.5 17 6 1624 -7 6 2.4 -7 -26 43 142 7SGL † 3.80 118 99 35.9 3.6 5.5 11 160 209 10.1 105 184 173 101.6 31 53 1030 116 76 3.7 1 11 48 n/l n/lRentokil Initial 3.70 28 n/a 1.4 0.2 8.3 256 -18 -38 10.7 2403 3 6 26.7 4 9 90096 -1 -3
Ranking of the <strong>top</strong> <strong>800</strong> <strong>UK</strong> <strong>companies</strong> <strong>by</strong> R&D <strong>investment</strong> within industry sectors–––––––––––––––––– 2005/06 R&D <strong>investment</strong> –––––––––––––––––– ——–—–– Operating profit ——–—–– ––––––––––––––––– Sales and employees ––––––––––––––––– ————––—–––—— R&D and employees ——–—––——––––—–––––––––– Sales –––––––––– ––––– Sales / employee ––––– ––––––––– Employees ––––––––– ––––– R&D / employee ––––– Sales––––– Growth ––––– operating R&D + ––––– Growth ––––– ––––– Growth ––––– –––––– Growth ––––– ––––– Growth ––––– –––––– Growth ––––– outside –––Market cap –––change change profit sales capex as change change sales change change change change change change change change region changeCompany £m 1 yr % 4 yr % % % % sales £m 1 yr % 4 yr % % £m 1 yr % 4 yr % £000 1 yr % 4 yr % number 1 yr % 4 yr % £000 1 yr % 4 yr % % £m %36 Support services continuedAEA Technology 3.40 -51 -72 425.0 1.8 3.8 1 n/a n/a 0.4 191 -17 -29 88.0 1 6 2175 -18 -34 1.6 -41 -57 19 120 11SHL 3.00 3 15 38.0 4.4 8.4 8 46 103 11.6 68 4 -3 105.7 21 44 645 -14 -34 4.7 20 67 31 73 -1Christie 2.92 39 49 66.5 3.8 4.9 4 47 91 5.7 78 11 39 58.3 2 -3 1330 9 42 2.2 28 14 0 39 50WSP 2.67 7 n/a 12.0 0.8 3.2 22 80 137 6.4 349 13 30 58.9 0 6 5922 14 23 0.5 -6 n/a 20 262 23Eckoh Technologies 2.17 63 74 n/m 2.7 4.2 -10 n/m n/m -12.3 80 28 43 333.6 18 67 239 8 -32 9.1 50 99 0 31 24Robotic Technology Systems 1.97 -63 -45 86.0 4.7 5.8 2 n/a n/a 5.5 42 -14 -46 161.2 2 31 260 -16 -60 7.6 -57 -1 16 10 -67Clarityblue 1.64 -17 n/a 686.2 7.3 16.5 0 -79 n/a 1.1 22 47 n/a 165.4 -22 n/a 136 89 n/a 12.1 -56 n/a 0 n/l n/lUniverse 1.48 -18 -30 153.6 8.2 11.2 1 47 121 5.3 18 -59 -60 77.8 -56 -57 231 -6 -6 6.4 -13 -25 0 9 -31PA 1.46 n/m -91 6.3 0.5 3.1 23 -34 72 7.1 324 0 -9 129.6 -3 12 2499 3 -19 0.6 n/m -89 20 n/l n/lGroup 4 Securicor 1.40 -66 -87 0.7 999 638 4.8 4170 31 101 10.5 1 -9 395771 29 114 999 23.0 283 92 424 579.5 -3 138 489 97 150 71.9 11 39 89 1462 137Filtronic 31.08 11 3 531.2 11.8 16.8 6 100 n/a 2.2 263 11 0 67.1 -5 -17 3918 16 19 7.9 -4 -14 n/a 139 -30Xerox ** 31.00 3 57 47.7 1.3 3.3 65 33 313 2.8 2354 2 143 1810.8 2 193 1300 0 -34 23.8 3 109 4 n/l n/lHewlett-Packard ** 30.79 16 0 23.4 1.0 1.6 132 -31 17 4.3 3036 10 51 347.1 -32 -23 8747 61 99 3.5 -28 -53 1 n/l n/lTTP Communications 29.50 31 51 n/m 47.6 56.1 -1 n/m -135 -1.7 62 25 49 110.7 10 -10 560 14 60 52.7 15 -11 90 101 25Cisco Systems ** 21.96 94 31 88.0 7.4 10.2 25 -4 -12 8.5 295 -2 -5 226.7 -6 0 1300 4 -5 16.9 86 39 0 n/l n/lImagination Technologies 20.65 7 40 n/m 58.5 61.6 -7 n/m n/m -20.3 35 15 49 105.0 4 15 336 11 32 61.5 -3 7 33 136 14Dialog Semiconductor 19.31 -3 -7 n/m 21.5 24.6 -4 n/m n/m -3.9 90 13 41 373.1 31 64 241 -14 -14 80.1 13 9 n/a 39 -55Zarlink Semiconductor ** 16.11 -24 -26 n/m 20.0 21.5 -2 n/m n/m -2.5 81 14 -2 148.1 32 43 545 -13 -32 29.6 -13 3 n/a n/l n/lFujitsu Telecom ** 15.14 3 12 137.3 8.3 10.4 11 -43 147 6.0 183 -20 0 249.9 -25 8 731 7 -17 20.7 -4 31 1 n/l n/lWolfson Microelectronics 12.50 31 147 56.5 12.9 16.0 22 149 403 22.8 97 40 164 427.4 16 48 227 20 95 55.1 9 36 n/a 534 174Psion 12.00 -3 -16 153.3 7.1 9.3 8 n/a n/a 4.6 169 25 16 159.9 18 19 1055 5 -3 11.4 -8 -13 45 139 -48Avaya ** 10.75 -4 20 301.3 8.9 9.4 4 n/a 42 3.0 121 -14 -41 181.5 -1 -19 665 -13 -28 16.2 10 60 0 n/l n/lSurrey Satellite Technology 8.40 129 298 850.7 33.3 38.3 1 -12 44 3.9 25 38 82 117.8 7 19 214 29 55 39.2 78 184 46 n/l n/lEADS Astrium ** 8.25 0 15 n/m 1.8 3.9 -8 n/m n/m -1.8 456 5 28 209.6 21 61 2176 -13 -22 3.8 16 45 1 n/l n/lPlasmon 8.06 11 -13 n/m 20.3 25.5 -9 n/m n/m -22.3 40 -12 -27 96.1 -8 -20 414 -4 -8 19.5 15 -6 62 40 -59ARC International 6.53 -20 -44 n/m 62.2 64.5 -7 n/m n/m -69.3 10 -14 -9 82.0 -1 39 128 -13 -38 51.0 -9 -11 72 45 -15Radstone Technology 6.11 35 66 74.6 12.2 21.7 8 18 41 16.4 50 14 14 116.0 17 7 430 -2 7 14.2 38 56 65 82 -8Vislink 6.00 47 44 84.0 7.1 8.2 7 >999 n/a 8.4 85 25 16 254.7 39 55 334 -10 -26 18.0 63 92 79 96 68NEC Europe ** 5.49 12 22 70.4 0.5 1.8 8 8 -59 0.7 1055 -16 -6 1043.3 -28 2 1011 18 -11 5.4 -5 33 0 n/l n/lZetex 5.45 -22 -31 >999.9 9.5 21.0 0 -92 n/a 0.6 57 -21 -33 78.1 -18 -6 736 -3 -30 7.4 -20 -4 68 71 -27CML Microsystems 5.12 n/a n/a 153.5 19.4 22.2 3 56 405 12.7 26 12 54 116.0 10 45 227 2 7 22.6 n/a n/a 51 31 -44Newport Networks 4.72 0 n/a n/m 467.5 703.0 -14 n/m n/a >-999.9 1 201 n/a 9.4 81 n/a 108 66 n/a 43.7 -40 n/a n/a 10 -82Trikon (now Aviza Europe) ** 4.71 -18 -25 n/m 26.3 32.2 -8 n/m n/m -42.3 18 16 -57 93.5 56 -17 191 -25 -45 24.6 9 32 n/a n/l n/lClearSpeed Technology 4.65 86 68 n/m >999.9 >999.9 -7 n/m n/m >-999.9 0 78 230 8.1 15 88 54 54 30 86.1 21 30 72 82 -1National Semiconductor ** 4.22 -13 -4 34.9 1.6 5.7 12 14 -23 4.6 263 -8 -18 484.9 -1 -8 542 -7 -10 7.8 -7 6 23 n/l n/lSurface Technology Systems 2.88 0 -25 232.9 15.0 17.5 1 n/a n/a 6.5 19 37 -38 133.1 39 14 144 -2 -42 20.0 2 21 82 7 17Amino Technologies 2.81 66 n/a n/m 12.0 14.0 0 -780 n/m -1.4 23 62 354 237.0 12 200 99 46 150 28.4 14 n/a 58 44 -62Telit Communications 2.69 -7 n/a n/m 4.5 5.0 -1 -110 n/a -1.2 59 16 n/a 273.7 7 n/a 217 9 n/a 12.4 -14 n/a n/a 14 n/abede 2.49 117 132 n/m 36.3 39.4 -6 n/m n/m -85.1 7 -6 15 46.9 -29 -19 146 32 40 17.0 65 65 56 6 -63Intelek 1.87 -19 -14 68.3 5.3 10.4 3 130 86 7.8 35 -6 -11 89.1 14 16 395 -17 -24 4.7 -2 12 24 11 -8STMicroelectronics ** 1.61 4 -89 21.5 10.6 11.5 8 48 19 49.4 15 19 -54 165.6 25 36 92 -5 -66 17.5 10 -55 0 n/l n/l30 <strong>The</strong> <strong>2006</strong> R&D Scoreboard<strong>The</strong> <strong>2006</strong> R&D Scoreboard 31
Ranking of the <strong>top</strong> <strong>800</strong> <strong>UK</strong> <strong>companies</strong> <strong>by</strong> R&D <strong>investment</strong> within industry sectors–––––––––––––––––– 2005/06 R&D <strong>investment</strong> –––––––––––––––––– ——–—–– Operating profit ——–—–– ––––––––––––––––– Sales and employees ––––––––––––––––– ————––—–––—— R&D and employees ——–—––——––––—–––––––––– Sales –––––––––– ––––– Sales / employee ––––– ––––––––– Employees ––––––––– ––––– R&D / employee ––––– Sales––––– Growth ––––– operating R&D + ––––– Growth ––––– ––––– Growth ––––– –––––– Growth ––––– ––––– Growth ––––– –––––– Growth ––––– outside –––Market cap –––change change profit sales capex as change change sales change change change change change change change change region changeCompany £m 1 yr % 4 yr % % % % sales £m 1 yr % 4 yr % % £m 1 yr % 4 yr % £000 1 yr % 4 yr % number 1 yr % 4 yr % £000 1 yr % 4 yr % % £m %37 Technology hardware & equipment continuedRemec Europe ** † 1.49 -3 -1 287.3 4.6 4.7 1 n/a n/a 1.6 33 115 209 793.4 141 515 41 -11 -63 36.4 9 118 0 n/l n/lCeloxica 1.28 -15 -16 n/m 29.9 31.7 -2 n/m n/m -57.3 4 24 59 74.9 24 97 57 0 -29 22.4 -15 -1 70 14 n/aTelspec 1.28 -49 -72 n/m 15.6 16.8 -3 n/m n/m -36.1 8 -18 -72 94.4 71 -7 87 -52 -68 14.7 7 -10 n/a 2 -78Concurrent Technologies 1.18 11 20 86.9 11.0 13.7 1 940 339 12.7 11 51 50 184.1 38 48 58 9 1 20.3 1 19 n/a 24 71i-mate 1.03 223 n/a 8.3 0.9 1.3 12 49 n/a 10.4 120 51 n/a 916.1 -23 n/a 131 96 n/a 7.9 65 n/a 64 0 n/aCadence Design Systems ** 0.83 4 53 14.9 3.4 6.5 6 812 -35 22.8 24 -32 -37 169.4 -20 -2 144 -15 -39 5.8 22 124 n/a n/l n/lScotty 0.69 -44 -55 n/m 16.9 22.0 -5 n/m n/m -127.1 4 296 109 58.5 132 93 70 71 2 9.9 -67 -59 52 12 -20Axeon 0.57 -30 -40 n/m 235.0 242.4 -1 n/m n/m -419.3 0 98 170 16.2 190 328 15 -32 -46 38.1 3 11 n/a 16 45Azzurri Communications 0.55 106 n/a 7.5 0.7 2.2 7 102 348 9.0 82 34 118 146.9 7 38 556 24 68 1.0 65 n/a 0 n/l n/lCyan 0.50 362 n/a n/m >999.9 >999.9 -2 n/m n/a >-999.9 0 150 n/a 1.3 -6 n/a 24 167 n/a 20.8 73 n/a n/a 13 n/aIQE 0.50 -40 -79 n/m 2.4 6.5 -4 n/m n/m -21.2 21 36 -16 92.0 48 30 227 -8 -33 2.2 -35 -67 82 48 71Synchronica 0.42 n/a n/a n/m 13.7 16.7 -3 n/m n/m -94.1 3 27 -24 47.4 4 -18 65 23 -6 6.5 n/a n/a n/a 5 n/aTower 0.38 n/a n/a n/m 6.7 7.1 -2 n/m n/a -40.6 6 n/m n/a 378.1 n/m n/a 15 650 n/a 25.2 n/a n/a 100 2 n/a38 Tobacco 66.00 -1.5 1.1 2.4 0.7 5.2 2739 41.3 30.8 29.4 9325 -13.4 -13.9 168.4 -4.6 -5.8 55364 -9.2 -8.6 1.2 8.5 10.8 n/a 29666 27.1BAT 66.00 -1.5 1.1 2.4 0.7 5.2 2739 41.3 30.8 29.4 9325 -13.4 -13.9 168.4 -4.6 -5.8 55364 -9.2 -8.6 1.2 8.5 10.8 n/a 29666 27.139 Travel & leisure 31.61 16.7 -85.5 12.9 1.4 33.1 244 -12.5 -96.8 10.6 2296 19.2 -26.3 170.8 7.8 55 13444 10.6 -4.9 2.4 5.5 -4.8 63 n/l n/lJordan Grand Prix (now Midland F1) 12.40 14 -16 n/m 37.8 38.5 -14 n/m -831 -41.4 33 -34 -44 160.6 -36 -39 204 3 -9 60.8 11 -6 0 n/l n/l888 6.59 65 n/a 22.9 4.2 5.6 29 15 n/a 18.2 158 52 n/a 178.2 18 n/a 886 29 n/a 7.4 28 n/a 63 549 n/aSporting Exchange 3.78 37 152 20.6 3.5 12.0 18 54 166 17.1 107 61 308 253.2 9 56 423 47 260 8.9 -7 -3 n/a n/l n/lBETonSports 2.56 221 n/a 28.9 0.3 0.6 9 -6 n/a 1.2 736 2 n/a 370.7 -7 n/a 1985 10 n/a 1.3 193 n/a 100 104 n/aFun Technologies (now part of Liberty) 1.66 75 262 n/m 12.1 19.1 -7 n/m n/m -53.8 14 >999 >999 118.9 735 >999 115 60 311 14.4 9 -48 100 n/l n/lPartyGaming 1.28 -41 n/a 0.7 0.2 4.0 193 -13 n/a 33.9 569 63 n/a 479.0 0 n/a 1189 63 n/a 1.1 -64 n/a 92 4<strong>800</strong> n/aLeisure Link 1.24 -39 -53 14.5 0.8 40.7 8 245 80 5.2 163 1 11 69.0 2 8 2358 -1 3 0.5 -38 -53 0 n/l n/lebookers (now part of Cendant) 0.79 -20 -10 n/m 1.1 8.4 -22 n/m n/m -29.4 75 11 -9 41.4 12 -63 1801 -1 84 0.4 -19 -63 0 n/l n/lVanguard Car Rental EMEA ** 0.79 -61 -47 4.1 0.3 226.4 19 -20 -5 7.1 270 13 26 78.2 2 3 3459 10 22 0.2 -65 -56 0 n/l n/lCivil Aviation Authority 0.53 -1 -86 5.1 0.3 7.2 10 88 -27 6.0 172 4 -41 168.0 5 22 1024 -1 -58 0.5 1 -41 0 n/l n/l32 <strong>The</strong> <strong>2006</strong> R&D Scoreboard<strong>The</strong> <strong>2006</strong> R&D Scoreboard 33
Ranking of the <strong>top</strong> <strong>800</strong> <strong>UK</strong> <strong>companies</strong> <strong>by</strong> R&D <strong>investment</strong>Ranking of the <strong>top</strong> <strong>800</strong> <strong>UK</strong> <strong>companies</strong> <strong>by</strong> R&D <strong>investment</strong>—–––––—— 2005/06 R&D <strong>investment</strong> —–––––—— ——––––––—– Previous R&D <strong>investment</strong> ——––––––—–change sales 2004/05 2003/04 2002/03 2001/02Company Rank £m 1 yr % % Industry £m £m £m £mAll <strong>companies</strong> composite 19228.66 3.9 1.7 18441.03 17253.77 17342.74 15899.71GlaxoSmithKline 1 3136.00 10 14.5 33 2839.00 2791.00 2936.00 2651.00AstraZeneca 2 1968.20 -11 14.1 33 2215.17 2010.14 1787.63 1615.21BAE Systems 3 1449.00 31 13.2 1 1110.00 1099.00 899.00 994.00BT 4 727.00 39 3.7 10 522.00 334.00 380.00 362.00Ford ** 5 689.00 -10 6.9 2 763.00 867.00 964.00 738.00Unilever 6 654.80 -8 2.4 12 714.58 731.76 801.15 809.40Rolls-Royce 7 352.00 25 5.3 1 282.00 281.00 297.00 358.00Pfizer ** 8 350.48 -41 35.8 33 597.77 551.99 501.85 370.87Airbus ** 9 343.00 -1 16.6 1 345.00 349.00 250.00 n/aRoyal Dutch Shell 10 342.50 6 0.2 30 322.11 340.17 274.93 225.42Royal Bank of Scotland 11 329.00 9 1.3 3 303.00 n/a n/a n/aBP 12 292.40 14 0.2 30 255.71 203.29 217.27 224.25HSBC 13 244.64 34 0.7 3 182.90 n/a n/a n/aLand Rover ** 14 231.80 2 6.8 2 227.20 244.30 192.20 149.66Vodafone 15 206.00 -6 0.6 27 219.00 171.00 164.00 110.00Marconi (now Telent) 16 186.00 -6 13.9 37 197.00 327.00 628.00 669.00Shire 17 167.26 49 18.0 33 112.53 128.38 119.34 99.47ICI 18 147.00 0 2.5 5 147.00 156.00 148.00 153.00Smiths 19 143.60 5 4.8 1 136.80 129.70 116.50 109.50Eli Lilly ** 20 139.82 -5 7.0 33 147.52 120.52 112.88 91.59Royal & Sun Alliance 21 122.00 4 1.9 29 117.00 n/a n/a n/aReuters 22 121.00 -5 5.0 25 128.00 171.00 200.00 294.00Tesco 23 115.00 35 0.3 11 85.00 n/a n/a n/aInvensys 24 110.00 -11 4.1 8 124.00 165.00 222.00 265.00Reed Elsevier 25 102.00 -7 2.0 25 110.00 n/a n/a n/aNokia ** 26 101.91 -12 7.6 37 116.39 122.63 158.98 120.83Roche ** 27 101.02 1 17.2 33 99.83 74.00 82.60 92.00NDS ** 28 96.99 18 29.9 35 82.49 61.29 68.74 65.16Merck Sharp & Dohme ** 29 90.68 45 23.5 33 62.36 79.35 72.22 62.16Misys 30 89.70 -1 9.1 35 90.70 88.40 90.40 84.50Merial 31 88.30 7 7.7 33 82.54 77.88 76.25 75.02GKN 32 88.00 -1 2.4 2 89.00 81.00 82.00 98.00Amersham (now GE Healthcare) ** † 33 85.71 -53 5.9 18 182.00 184.20 173.80 149.00Amdocs 34 84.14 14 7.1 35 73.63 69.46 72.28 61.63Sage 35 81.61 10 10.5 35 74.39 57.98 57.83 50.07ARM 36 80.27 47 34.5 37 54.67 48.13 50.00 38.92Motorola ** 37 78.00 13 4.1 37 69.00 71.60 72.94 64.61Syngenta ** 38 72.00 -31 15.2 5 105.00 98.00 113.00 130.00Automotive Holdings ** 39 70.10 10 2.6 2 63.79 105.60 63.90 65.40Barclays 40 68.00 45 0.4 3 47.00 n/a n/a n/aSmith & Nephew 41 67.00 1 4.8 18 66.40 66.80 63.30 51.30BAT 42 66.00 -1 0.7 38 67.00 73.00 62.00 59.00Corus 42 66.00 5 0.7 21 63.00 62.00 65.00 60.00Siemens ** 44 63.70 2 2.1 8 62.20 54.40 23.70 39.80Reckitt Benckiser 45 63.00 5 1.5 19 60.00 57.00 54.00 50.00Spirent (now Spirent Communications) 46 62.80 -7 13.5 37 67.30 66.00 77.70 95.90Johnson Matthey 47 58.80 9 1.2 5 53.90 54.50 48.40 44.60Novartis Pharmaceuticals ** 48 58.57 4 20.0 33 56.36 58.31 57.22 46.86Cadbury Schweppes 49 58.00 -8 0.8 12 63.00 53.00 32.00 29.00Nortel Networks ** 50 55.40 -7 8.2 37 59.80 133.00 256.40 104.80British Nuclear Fuels(now British Nuclear Group Sellafield) 51 55.00 -7 2.3 7 59.00 67.00 54.00 55.00Symbian 52 54.48 19 47.5 35 45.60 38.36 33.10 31.94Philips Electronics ** 53 53.50 -14 7.4 8 62.50 62.60 66.50 54.40Visteon ** 54 53.00 -8 13.9 2 57.30 58.10 67.40 93.36Goodrich Controls ** 55 52.20 18 14.6 1 44.13 n/a n/a n/aStandard Chartered 56 51.26 6 1.3 3 48.35 n/a n/a n/aTomkins 57 46.70 -9 1.5 16 51.30 58.60 51.45 54.10Sony Computer Entertainment Europe ** 58 45.66 20 3.4 35 37.99 66.25 68.87 33.79Avecia * 59 45.40 -21 11.1 5 57.70 58.80 60.50 55.10Serco 60 45.30 18 2.0 36 38.40 n/a n/a n/aSpectris 61 44.90 3 6.8 8 43.40 34.10 29.60 30.20BOC 62 43.20 4 1.2 5 41.60 39.90 47.00 60.00Cobham 63 42.90 -12 3.9 1 48.70 40.40 31.60 28.20—–––––—— 2005/06 R&D <strong>investment</strong> —–––––—— ——––––––—– Previous R&D <strong>investment</strong> ——––––––—–change sales 2004/05 2003/04 2002/03 2001/02Company Rank £m 1 yr % % Industry £m £m £m £mFujitsu Services ** 64 40.60 59 1.8 35 25.50 10.30 19.00 48.20Old Mutual 65 40.00 700 0.3 24 5.00 n/a n/a n/aCambridge Antibody(now part of AstraZeneca) 66 39.17 -11 20.2 33 44.13 44.98 31.31 21.39Caterpillar ** 67 35.43 20 1.8 20 29.41 28.39 32.30 30.45CSR 68 35.15 119 12.4 37 16.07 9.66 7.34 8.39Agilent Technologies ** 69 34.64 -51 10.8 8 70.51 75.90 83.65 59.04Janssen-Cilag ** 70 34.59 -3 16.2 33 35.72 37.04 35.76 8.62Acambis 71 34.50 19 84.4 33 28.90 19.90 16.30 17.66Eisai ** 72 34.32 124 50.7 11 15.34 12.02 10.08 7.66American Home Products ** 73 33.89 -32 4.5 33 49.68 54.72 43.75 33.40Organon Laboratories ** 74 31.49 3 30.8 33 30.55 30.57 29.09 23.78Filtronic 75 31.08 11 11.8 37 27.90 28.32 32.13 31.98Xerox ** 76 31.00 3 1.3 37 30.00 16.00 14.00 19.00Hewlett-Packard ** 77 30.79 16 1.0 37 26.44 25.34 31.83 39.78Meggitt 78 30.77 11 5.0 1 27.65 19.99 22.99 25.63Samsung Electronics ** 79 29.74 26 1.5 8 23.59 14.57 11.26 8.06TTP Communications 80 29.50 31 47.6 37 22.47 21.44 20.89 13.58IMI 81 29.40 11 1.9 20 26.60 28.00 28.00 23.80Renishaw 82 29.30 71 16.7 8 17.14 15.50 14.25 13.92Voca 83 29.25 257 32.8 36 8.20 24.68 29.49 3.61Bristol-Myers Squibb ** 84 29.11 19 7.1 33 24.49 2.39 30.88 30.62Esso ** 85 28.80 40 0.3 30 20.60 10.60 17.40 22.40Panasonic Europe ** 86 28.52 25 0.8 8 22.90 13.36 1.06 2.39Alstom ** 87 28.27 37 4.9 8 20.71 29.95 25.84 n/aBAA(now part of Airport Development and Investment) 88 27.00 n/a 1.2 22 n/a n/a n/a n/aJCB Service ** 89 26.79 18 2.4 20 22.62 17.22 19.39 21.34Seton House 90 26.70 38 5.8 16 19.30 n/a n/a n/aVernalis 91 26.49 24 187.5 33 21.42 31.28 23.47 21.26Effem (aka Mars) ** 92 26.32 31 1.3 12 20.14 22.03 24.57 25.89Novar(now part of Honeywell Acquisitions) 93 26.20 -12 1.8 6 29.90 25.90 27.00 27.20SkyePharma 94 26.00 -7 42.4 33 27.96 25.06 15.07 11.58LogicaCMG 95 25.50 -32 1.4 35 37.70 57.50 64.00 82.50Lubrizol ** 96 24.09 -1 34.6 5 24.44 24.18 20.98 18.29Pace Micro Technology 97 23.98 12 9.5 23 21.33 27.08 36.86 33.72Tioxide ** 98 23.90 -1 0.8 5 24.18 23.17 6.43 9.16lastminute.com(now part of Sabre, USA) ** 99 23.62 8 5.4 17 21.96 12.05 14.47 23.44Lifescan Scotland ** 100 23.49 29 17.0 18 18.27 12.88 11.24 6.79Anglo American 101 23.30 -11 0.1 26 26.21 22.72 16.89 17.47AGCO International ** 102 22.79 5 1.0 20 21.69 16.90 15.81 12.19ProStrakan 103 22.43 119 70.9 33 10.26 5.12 9.26 6.62Cookson 104 22.30 -8 1.4 16 24.30 32.30 33.00 40.60GUS 105 22.00 47 0.3 17 15.00 65.00 68.00 71.10Pilkington(now part of NSG <strong>UK</strong> Enterprises) 105 22.00 -24 0.9 6 29.00 29.00 30.00 32.00Cisco Systems ** 107 21.96 94 7.4 37 11.33 19.39 14.14 21.94Messier-Dowty ** 108 21.68 32 11.5 1 16.48 17.64 16.59 16.87Rexam 109 21.00 62 0.6 16 13.00 16.00 20.00 28.00Tate & Lyle 109 21.00 11 0.6 12 19.00 17.00 18.00 17.00Imagination Technologies 111 20.65 7 58.5 37 19.24 16.10 12.89 10.94Dyson James 112 19.42 31 4.6 19 14.78 11.80 7.97 10.00Dialog Semiconductor 113 19.31 -3 21.5 37 19.98 21.02 22.07 19.72BHP Billiton 114 19.22 74 0.1 26 11.07 23.30 17.47 10.49TI Automotive ** 115 18.50 -11 1.2 2 20.70 22.20 25.40 28.20iSOFT 116 18.28 44 7.0 35 12.69 7.90 5.27 2.83CNH ** 117 17.39 8 2.0 20 16.14 15.77 20.29 24.18Ultra Electronics 118 17.29 12 5.1 1 15.48 12.67 10.69 10.02Crown ** 119 17.20 -9 2.6 16 19.00 18.60 18.20 16.90Delphi Diesel Systems ** 120 17.12 -48 5.8 2 33.13 24.80 23.79 20.94Kidde ** 121 17.00 -9 1.7 16 18.70 18.40 20.70 55.20RM 122 16.81 16 6.4 35 14.55 11.73 13.84 11.65Intec Telecom Systems 123 16.51 44 14.2 35 11.49 10.07 8.03 5.87Fuji Photo Film ** 124 16.22 -5 2.5 23 16.99 15.66 15.50 7.71 - see notes on page 25434 <strong>The</strong> <strong>2006</strong> R&D Scoreboard <strong>The</strong> <strong>2006</strong> R&D Scoreboard 35
Ranking of the <strong>top</strong> <strong>800</strong> <strong>UK</strong> <strong>companies</strong> <strong>by</strong> R&D <strong>investment</strong>Ranking of the <strong>top</strong> <strong>800</strong> <strong>UK</strong> <strong>companies</strong> <strong>by</strong> R&D <strong>investment</strong>—–––––—— 2005/06 R&D <strong>investment</strong> —–––––—— ——––––––—– Previous R&D <strong>investment</strong> ——––––––—–change sales 2004/05 2003/04 2002/03 2001/02Company Rank £m 1 yr % % Industry £m £m £m £mBBC 125 16.20 -14 0.4 25 18.80 20.90 17.00 15.20Zarlink Semiconductor ** 126 16.11 -24 20.0 37 21.31 23.75 20.59 n/aBoots (now Alliance Boots) 127 16.10 -29 0.3 17 22.60 21.30 25.70 27.40Diageo 128 16.00 45 0.2 4 11.00 15.00 28.00 71.00Laird 128 16.00 108 3.1 8 7.70 6.00 5.50 3.40Alizyme 130 15.75 151 n/a 33 6.27 11.40 9.69 7.74Warner Chilcott(now Chilcott)(now part of Warner Acquisition) 131 15.72 -6 5.2 33 16.71 13.91 9.25 8.03Sony ** 132 15.71 -44 0.6 23 27.85 26.22 12.05 9.25OSI Pharmaceticals ** 133 15.64 -24 100.0 33 20.69 22.95 8.80 5.67Boehringer Ingelheim ** 134 15.59 -37 8.7 33 24.59 22.82 16.58 n/aShort Brothers ** 135 15.52 104 3.3 1 7.62 n/a n/a n/aFujitsu Telecom ** 136 15.14 3 8.3 37 14.77 9.99 10.57 18.96Johnson & Johnson ** 137 15.00 1 1.6 33 14.81 17.46 13.35 21.93AMS(now BAE Systems Integrated System) ** 138 14.49 54 3.0 1 9.40 10.13 6.92 6.22Generics <strong>UK</strong> ** 139 14.34 38 14.7 33 10.41 6.82 5.97 4.27Xenova(now part of Celtic Pharma Development) 140 14.28 -5 312.8 33 15.07 17.66 15.37 7.42Halma 141 14.21 21 4.2 20 11.76 11.24 9.62 8.21Systems Union 142 14.17 -5 12.5 35 14.89 10.92 10.54 12.05AVEVA 143 13.95 24 21.2 35 11.22 6.86 5.93 5.78Ark <strong>The</strong>rapeutics 144 13.94 52 594.0 33 9.15 5.37 5.02 4.54Glen Electric 145 13.76 6 2.0 19 12.94 11.18 10.19 9.03De La Rue 146 13.70 -18 2.2 36 16.80 21.30 25.70 24.50Micro Focus International 147 13.63 n/a 15.5 35 n/a n/a n/a n/aOxford Instruments 148 13.20 1 7.9 8 13.10 12.50 12.67 13.22Autonomy 149 12.77 54 22.8 35 8.30 8.22 6.10 5.79Northgate Information Solutions 150 12.76 67 6.2 35 7.63 6.89 7.35 7.49NSB 151 12.69 10 26.2 35 11.54 14.71 17.32 19.60Torex Retail 152 12.62 6 7.5 35 11.86 n/a n/a n/aAstex <strong>The</strong>rapeutics 153 12.59 11 312.3 33 11.38 8.67 6.64 3.46Westland Helicopters ** 154 12.57 4 1.4 1 12.14 15.23 20.29 16.56Enodis 155 12.50 -13 1.9 20 14.30 13.20 13.40 13.80Morgan Crucible 155 12.50 7 1.7 8 11.70 15.70 20.00 19.00Wolfson Microelectronics 155 12.50 31 12.9 37 9.58 5.46 3.28 1.91Jordan Grand Prix (now Midland F1) 158 12.40 14 37.8 39 10.89 16.48 16.77 n/aAlliance & Leicester 159 12.20 144 0.9 3 5.00 n/a n/a n/aChannel Four Television 160 12.10 33 1.4 25 9.10 7.50 7.10 7.80Psion 161 12.00 -3 7.1 37 12.43 12.65 12.64 19.62Gyrus 162 11.84 78 7.9 18 6.64 6.47 7.90 7.17Baxi 163 11.74 18 1.5 6 9.91 7.30 6.47 6.83Rio Tinto 164 11.65 -13 0.1 26 13.40 13.40 14.56 22.72LEAR ** 165 11.64 -34 8.0 2 17.58 19.72 18.55 18.12Heinz ** 166 11.00 -8 0.6 12 11.90 8.20 7.58 6.39Wittington Investments 166 11.00 38 0.2 12 8.00 6.00 6.00 7.00Aviagen ** 168 10.87 -7 6.3 12 11.72 14.85 17.10 18.75BBA 169 10.80 -9 0.7 22 11.90 9.40 10.20 12.60United Biscuits ** 169 10.80 74 0.9 12 6.20 5.70 6.70 6.40Inmarsat 171 10.78 48 3.8 27 7.28 0.06 3.31 7.25Avaya ** 172 10.75 -4 8.9 37 11.23 12.32 8.42 4.01Urenco 173 10.66 -16 2.1 36 12.73 14.08 13.01 10.66Dana Investments ** 174 10.57 -10 3.9 2 11.72 13.36 12.15 12.90Royalblue 175 10.53 42 14.2 35 7.41 6.82 6.05 6.11Yule Catto 176 10.52 0 1.9 5 10.57 11.29 12.29 10.92Innovata 177 10.37 -20 66.0 33 12.90 10.91 10.85 10.95GW Pharmaceuticals 178 10.28 -26 330.4 33 13.94 12.68 10.75 6.64Afton Chemical ** 179 10.27 28 5.5 5 8.05 7.75 10.90 10.74Vectura 180 10.21 17 227.7 33 8.73 7.05 2.68 1.08First Technology(now part of Honeywell Acquisitions) 181 10.20 36 6.2 8 7.50 8.00 8.20 4.10Anite 182 10.16 -14 5.4 35 11.80 10.20 6.20 4.92SCI Entertainment † 183 10.13 4 49.4 35 9.79 8.19 4.29 5.40LDV 184 10.07 151 8.4 20 4.01 1.59 4.00 4.70—–––––—— 2005/06 R&D <strong>investment</strong> —–––––—— ——––––––—– Previous R&D <strong>investment</strong> ——––––––—–change sales 2004/05 2003/04 2002/03 2001/02Company Rank £m 1 yr % % Industry £m £m £m £mAlliance UniChem(now part of Alliance Boots) 185 10.00 0 0.1 11 10.00 n/a n/a n/aDICOM 186 9.89 24 5.5 35 7.95 7.29 7.44 5.27Hikma Pharmaceuticals 187 9.62 71 6.3 33 5.63 n/a n/a n/aMicroscience(now Microscience Investments) 188 9.60 -6 >999.9 33 10.24 10.54 4.14 3.31Nationwide 189 9.50 6 0.6 15 9.00 n/a n/a n/aBaker Hughes ** 190 9.49 16 2.4 31 8.20 6.80 2.74 2.74Photo-Me 191 9.44 33 4.1 17 7.08 7.65 4.95 4.41Fair Isaac ** † 192 9.42 -25 17.2 35 12.58 13.51 14.25 10.13Schlumberger ** 193 9.36 -34 1.9 31 14.19 19.33 11.20 6.32Oxford Biomedica 194 9.33 1 >999.9 33 9.19 10.77 10.83 8.57Avon Rubber 195 9.14 31 3.8 2 6.95 5.50 5.71 5.26Arakis 196 9.00 n/a n/a 33 n/a n/a n/a n/aLucite International 196 9.00 0 1.2 5 9.00 9.00 10.00 9.00Axis-Shield 198 8.97 -11 15.4 33 10.02 12.88 9.90 6.66Croda International 199 8.90 22 2.9 5 7.30 6.80 6.10 6.10Ciba Specialty Chemicals ** 200 8.86 18 2.0 5 7.48 7.63 13.13 10.59CODASciSys 201 8.80 0 12.1 35 8.82 8.92 n/a n/aWagon 201 8.80 -19 2.1 2 10.80 11.10 14.40 8.50Sun Chemical ** 203 8.74 19 2.8 5 7.34 7.32 7.53 6.84Cambridge Display Technology ** 204 8.70 -4 126.8 8 9.10 9.46 6.22 6.18TT electronics 204 8.70 -19 1.5 8 10.80 8.60 8.10 9.60IVAX(now part of Teva Pharmaceutical Industries, Israel) ** 206 8.65 -25 6.0 33 11.59 10.86 9.88 n/aKodak ** 207 8.60 -11 2.0 23 9.70 13.40 16.10 19.00Genus 208 8.54 -5 4.7 33 8.96 8.05 8.62 8.81Sanofi-Synthelabo ** 209 8.51 10 3.6 33 7.77 8.91 9.53 8.52Raymarine 210 8.44 4 6.9 8 8.14 8.58 6.35 4.62Empire Interactive 211 8.43 -13 28.6 35 9.65 10.86 4.97 4.20Surrey Satellite Technology 212 8.40 129 33.3 37 3.67 4.41 0.15 0.20Bombardier Transportation ** 213 8.37 -7 0.8 20 8.99 10.61 10.90 13.97Yamanouchi(now Astellas Pharma Europe) ** 214 8.33 -66 2.8 33 24.22 48.12 51.65 43.09Domino Printing Sciences 215 8.30 -13 4.3 8 9.55 8.50 8.26 8.67EADS Astrium ** 216 8.25 0 1.8 37 8.22 6.88 4.25 9.36SSL International 217 8.20 -5 1.8 32 8.60 11.40 13.00 11.60BTG 218 8.10 -49 16.1 33 15.80 19.11 15.51 13.56Plasmon 219 8.06 11 20.3 37 7.26 8.44 10.14 11.41O2 (now part of Telefonica, Spain) 220 8.00 -20 0.1 27 10.00 9.00 8.00 n/aPunch Graphix 221 7.93 -3 7.5 25 8.16 n/a n/a n/aServier ** 222 7.81 27 89.9 33 6.16 5.66 5.56 5.18Vitec 223 7.80 -1 4.0 20 7.90 8.80 7.90 7.60Renovo 224 7.72 26 n/a 33 6.12 4.20 3.40 1.78Senior 225 7.70 -3 2.3 20 7.90 3.80 3.80 3.20Biocompatibles International 226 7.68 42 225.9 18 5.41 4.55 4.92 9.33Randox Laboratories 227 7.65 -23 23.7 33 9.96 9.77 7.92 4.54SurfControl 228 7.55 34 13.3 35 5.64 4.39 3.70 3.31FKI 229 7.50 -10 0.6 20 8.30 11.20 7.80 7.20GEAC ** 230 7.45 12 9.5 35 6.67 7.95 6.71 13.79MBDA ** 231 7.20 10 0.8 1 6.53 6.75 3.65 4.11Calsonic Kansei Europe ** 232 7.19 -37 3.4 2 11.43 9.93 8.80 9.58Sharp Electronics ** 233 7.07 11 2.0 8 6.37 5.24 5.39 5.02BG 234 7.00 0 0.1 30 7.00 8.00 11.00 13.00National Grid 234 7.00 -22 0.1 14 9.00 10.00 18.00 16.00Bayer CropScience ** 236 6.98 -42 3.6 5 12.01 13.06 11.65 10.04Novo Nordisk ** 237 6.97 15 10.9 33 6.05 6.11 4.95 n/aPhy<strong>top</strong>harm 238 6.86 8 92.9 33 6.35 7.23 6.00 4.03Sygen International (now part of Genus) 239 6.80 -6 5.1 12 7.20 7.70 6.90 5.50Intelligent Energy 240 6.78 11 272.4 8 6.11 4.16 3.14 n/aProtherics 241 6.75 47 38.1 33 4.58 3.67 1.59 0.88Ineos 242 6.73 0 0.3 5 6.73 6.67 7.97 0.48JCB Compact Products 243 6.66 3 4.3 20 6.44 5.00 3.84 3.90888 244 6.59 65 4.2 39 4.00 n/a n/a n/aGenzyme ** 245 6.56 46 6.5 33 4.51 2.71 1.41 1.2336 <strong>The</strong> <strong>2006</strong> R&D Scoreboard <strong>The</strong> <strong>2006</strong> R&D Scoreboard 37
Ranking of the <strong>top</strong> <strong>800</strong> <strong>UK</strong> <strong>companies</strong> <strong>by</strong> R&D <strong>investment</strong>Ranking of the <strong>top</strong> <strong>800</strong> <strong>UK</strong> <strong>companies</strong> <strong>by</strong> R&D <strong>investment</strong>—–––––—— 2005/06 R&D <strong>investment</strong> —–––––—— ——––––––—– Previous R&D <strong>investment</strong> ——––––––—–change sales 2004/05 2003/04 2002/03 2001/02Company Rank £m 1 yr % % Industry £m £m £m £mARC International 246 6.53 -20 62.2 37 8.21 12.44 13.05 13.29Delcam 247 6.51 12 27.7 35 5.79 5.17 4.47 4.02Arval PHH ** 248 6.48 0 0.2 22 6.47 9.64 n/a n/aToshiba Research Europe ** 249 6.43 -2 72.0 8 6.56 6.17 4.39 4.13Octel International(now Innospec International) ** 250 6.41 12 2.1 5 5.72 3.11 2.83 3.15Cramer Systems 251 6.38 11 16.3 35 5.75 4.14 3.49 n/aHuntleigh Technology 252 6.33 16 3.2 18 5.45 5.32 5.51 5.44Ubiquity Software 253 6.30 98 84.5 35 3.18 2.44 2.82 2.26Elementis 254 6.20 9 1.6 5 5.70 n/a n/a n/aMicrogen 255 6.16 46 15.1 35 4.23 2.39 2.48 1.29Radstone Technology 256 6.11 35 12.2 37 4.53 3.94 3.47 2.75Vislink 257 6.00 47 7.1 37 4.09 3.65 4.42 4.50Marlborough Stirling(now Vertex Financial Sercies) 258 5.97 30 6.4 35 4.60 5.13 4.94 4.25Superscape 259 5.92 71 147.2 35 3.46 3.06 3.02 1.44RWE Thames Water ** 260 5.80 35 0.4 14 4.30 9.20 9.87 9.60McCormick ** 261 5.76 28 1.3 12 4.49 4.21 3.37 2.45Sondex 262 5.72 85 11.1 31 3.10 2.01 1.49 n/aDaiichi Pharmaceuticals ** 263 5.70 51 100.0 33 3.77 4.39 4.14 3.49Kohler ** 264 5.68 -2 5.1 19 5.79 4.08 2.74 n/aAllergy <strong>The</strong>rapeutics 265 5.62 >999 27.3 33 0.45 0.96 3.04 2.10Abbott ** 266 5.61 16 0.8 18 4.82 5.59 3.46 3.19Intercytex 266 5.61 32 n/a 33 4.24 3.26 2.81 2.31Napp Pharmaceutical 268 5.49 2 4.5 33 5.37 13.92 13.97 13.00NEC Europe ** 268 5.49 12 0.5 37 4.90 4.40 5.29 3.42Xaar 270 5.48 43 12.8 8 3.84 4.61 3.20 4.27Zetex 271 5.45 -22 9.5 37 6.99 8.74 7.47 8.41John Lewis 272 5.40 -7 0.1 17 5.80 n/a n/a n/aKimberly-Clark ** 272 5.40 -36 0.3 32 8.37 12.62 12.90 4.48Spirax-Sarco Engineering 274 5.37 6 1.5 20 5.05 4.88 4.41 4.59Evolutec 275 5.35 708 >999.9 33 0.66 0.66 1.14 1.00Arup 276 5.34 -29 1.2 36 7.55 9.23 n/a n/aDialight 276 5.34 -22 5.6 8 6.86 8.05 9.47 9.90Thomas Swan 278 5.32 42 19.5 5 3.76 4.22 1.43 0.92BPB (now part of Saint-Gobain, France) ** 279 5.30 -2 0.2 6 5.40 4.60 4.30 3.50Charter 279 5.30 -22 0.5 20 6.80 14.20 13.70 12.70e2v Technologies 281 5.28 -3 5.3 8 5.42 4.32 n/a n/aKerry Ingredients ** 281 5.28 4 2.3 12 5.06 5.36 6.17 6.61Weir 283 5.25 -5 0.6 20 5.51 4.96 4.07 4.71Torotrak 284 5.21 2 253.7 2 5.10 5.76 4.85 6.40Macro 4 285 5.17 3 15.6 35 5.04 5.85 5.67 4.87Dyson 286 5.16 30 8.7 5 3.97 3.69 2.60 1.72Clariant (Holdings) ** 287 5.15 -7 2.3 5 5.53 5.36 3.84 1.19MessageLabs 287 5.15 41 6.9 35 3.66 2.16 1.29 1.20NeuTec Pharma 289 5.14 56 n/a 33 3.29 2.97 1.86 1.06CML Microsystems 290 5.12 n/a 19.4 37 n/a 2.82 2.28 1.94DaimlerChrysler ** 291 5.04 >999 0.1 17 0.19 0.89 0.36 0.42Pirelli ** 292 5.01 11 0.5 2 4.52 4.26 6.63 4.80E.ON <strong>UK</strong> ** 293 5.00 67 0.1 7 3.00 2.00 2.00 3.00Foseco 294 4.90 0 1.3 20 4.90 1.80 3.00 0.60Cardinal Health ** 295 4.89 30 1.4 18 3.76 3.03 2.42 1.97CeNeS Pharmaceuticals 295 4.89 41 >999.9 33 3.48 2.94 3.54 8.47Amarin 297 4.84 139 >999.9 33 2.03 3.17 3.86 3.15Hampson Industries 298 4.83 135 4.6 1 2.06 n/a n/a n/aBunge ** 299 4.82 144 0.1 12 1.98 2.28 2.01 2.12MTL Instruments 300 4.73 17 6.4 8 4.05 3.70 5.69 6.18Newport Networks 301 4.72 0 467.5 37 4.71 3.12 n/a n/aTrikon (now Aviza Europe) ** 302 4.71 -18 26.3 37 5.77 7.10 6.69 5.54SABMiller 303 4.66 14 0.1 4 4.08 n/a n/a n/aClearSpeed Technology 304 4.65 86 >999.9 37 2.50 1.77 1.73 5.05Body Shop International(now part of L'Oreal) 305 4.60 -13 1.1 17 5.30 4.90 4.50 6.70International Paint ** 305 4.60 -48 2.8 5 8.90 7.60 7.60 8.50Waterford Wedgwood ** 305 4.60 31 1.1 19 3.50 5.50 3.50 3.20Plethora Solutions 308 4.55 152 >999.9 33 1.81 n/a n/a n/a—–––––—— 2005/06 R&D <strong>investment</strong> —–––––—— ——––––––—– Previous R&D <strong>investment</strong> ——––––––—–change sales 2004/05 2003/04 2002/03 2001/02Company Rank £m 1 yr % % Industry £m £m £m £mChloride 309 4.53 -12 2.5 8 5.12 5.08 4.52 4.85Lorantis 309 4.53 17 n/a 33 3.86 3.75 2.69 1.27Beesail (aka Chubb) ** 311 4.50 -11 0.3 17 5.04 4.00 4.80 27.80McBride 311 4.50 -4 0.8 19 4.70 n/a n/a n/aChroma <strong>The</strong>rapeutics † 313 4.44 432 n/a 33 0.83 0.69 0.14 n/aMartin-Baker (Engineering) 314 4.43 23 3.8 1 3.59 5.43 7.59 8.11Clearswift Systems 315 4.41 -1 18.2 35 4.46 4.56 1.47 0.98Generics Group ** 315 4.41 -30 28.2 36 6.30 7.62 n/a n/aITI Scotland 317 4.34 >999 >999.9 15 0.35 n/a n/a n/aABB ** 318 4.26 24 1.0 8 3.44 3.70 10.53 12.01Games Workshop 318 4.26 0 3.7 23 4.28 6.63 6.26 4.48National Semiconductor ** 320 4.22 -13 1.6 37 4.86 4.38 4.16 4.18Redac * 321 4.21 84 6.5 35 2.28 4.40 10.49 9.14Aga Foodservice 322 4.20 11 0.8 19 3.80 3.30 2.50 3.40Victrex 323 4.17 20 4.1 5 3.47 2.60 2.29 2.02Devro 324 4.15 3 2.7 12 4.04 4.07 3.51 6.68Rhodia ** 324 4.15 17 2.9 5 3.54 2.41 2.28 1.86Linde Material Handling ** 326 4.10 -2 1.6 16 4.18 3.85 4.22 4.57Luxfer 326 4.10 3 1.8 20 4.00 4.10 3.60 3.80Witness Systems ** 328 4.07 71 16.9 35 2.37 4.41 5.29 4.41Ardana 329 4.01 -68 >999.9 33 12.44 n/a n/a n/aBalfour Beatty 330 4.00 -50 0.1 6 8.00 10.00 12.00 13.00British Energy † 330 4.00 -71 0.6 7 14.00 15.00 16.00 17.00RWE Npower ** 330 4.00 -20 0.9 14 5.00 8.00 38.00 20.00Norbrook Laboratories 333 3.97 9 4.8 33 3.64 3.51 3.01 2.23Solexa 333 3.97 15 >999.9 18 3.45 2.87 1.33 0.32Microsulis 335 3.94 184 106.1 18 1.39 0.47 0.24 0.13Umbro 335 3.94 10 3.2 32 3.59 2.74 2.40 n/aGeneral Domestic Appliances ** 337 3.93 -9 0.6 23 4.31 5.06 5.04 5.32Meridio 337 3.93 80 61.0 35 2.18 1.82 n/a n/aLotus ** 339 3.92 49 2.4 2 2.62 3.78 5.15 20.51Makita International ** 339 3.92 13 0.9 23 3.48 3.58 2.96 1.36Severn Trent 341 3.90 5 0.2 14 3.70 3.20 3.90 3.50SDL 342 3.88 53 4.9 35 2.54 2.64 3.32 3.17Golden Acquisition ** 343 3.86 150 0.2 4 1.54 3.19 0.89 1.16Ricardo 343 3.86 -13 2.4 36 4.42 5.12 4.64 5.27IMERYS Minerals ** 345 3.84 -19 1.3 26 4.75 4.43 3.62 5.47Ferring Laboratories ** 346 3.82 -15 8.0 33 4.49 3.57 4.48 2.76EDF Energy ** 347 3.80 23 0.1 14 3.10 1.00 n/a 0.30SGL † 347 3.80 118 3.6 36 1.75 1.80 2.24 1.86Sporting Exchange 349 3.78 37 3.5 39 2.77 1.49 0.25 n/aKiln 350 3.77 301 1.0 29 0.94 1.36 1.63 n/aChemring 351 3.75 -38 2.8 1 6.03 4.74 4.55 5.04StatPro 352 3.71 34 34.4 35 2.77 1.17 1.41 1.83Rentokil Initial 353 3.70 28 0.2 36 2.90 n/a n/a n/aDetica 354 3.65 25 3.6 35 2.91 1.87 n/a n/aBarloworld ** 355 3.64 113 0.2 16 1.71 1.98 1.72 1.97AIT (now Portrait Software) 356 3.61 -17 25.3 35 4.36 6.33 9.47 5.74Beazley 357 3.60 n/a 0.6 29 n/a n/a n/a n/aNorcros 357 3.60 9 1.8 6 3.30 2.70 2.90 3.20AVX ** 359 3.49 -7 1.1 8 3.74 3.96 3.62 4.17Kraft Foods ** 360 3.48 -14 0.5 12 4.02 4.73 4.82 4.40Stanelco 361 3.44 129 236.5 20 1.50 0.81 0.84 0.66Eaton ** 362 3.41 -54 1.1 20 7.39 5.21 6.00 6.44OFCOM 362 3.41 0 2.3 25 3.42 1.14 1.18 1.73AEA Technology 364 3.40 -51 1.8 36 7.00 9.60 14.20 18.20British Vita (now part of TPG Spring) 364 3.40 -6 0.4 5 3.60 3.50 3.50 3.50Scapa 364 3.40 3 1.8 5 3.30 3.50 3.40 3.40Sumitomo Electric Wiring Systems ** 367 3.38 30 1.4 2 2.61 1.13 3.37 n/aAvery Weigh-Tronix 368 3.37 8 2.2 19 3.11 2.51 3.10 3.79Linn Products 368 3.37 -7 10.5 23 3.64 2.74 1.74 1.03PZ Cussons 368 3.37 -16 0.7 32 4.02 3.74 3.62 3.24TTP 371 3.36 -18 15.0 35 4.08 4.03 3.73 8.01Digital Appliance Controls ** 372 3.35 0 0.8 8 3.34 4.24 4.60 6.56Forum Bioscience ** 372 3.35 -8 2.8 33 3.64 3.67 3.26 2.70Doncasters 374 3.34 11 0.9 20 3.01 2.35 2.20 n/a38 <strong>The</strong> <strong>2006</strong> R&D Scoreboard <strong>The</strong> <strong>2006</strong> R&D Scoreboard 39
Ranking of the <strong>top</strong> <strong>800</strong> <strong>UK</strong> <strong>companies</strong> <strong>by</strong> R&D <strong>investment</strong>Ranking of the <strong>top</strong> <strong>800</strong> <strong>UK</strong> <strong>companies</strong> <strong>by</strong> R&D <strong>investment</strong>—–––––—— 2005/06 R&D <strong>investment</strong> —–––––—— ——––––––—– Previous R&D <strong>investment</strong> ——––––––—–change sales 2004/05 2003/04 2002/03 2001/02Company Rank £m 1 yr % % Industry £m £m £m £mTransitive 374 3.34 19 275.6 35 2.81 n/a n/a n/aDow Trent ** 376 3.32 -16 6.2 5 3.97 3.61 2.46 n/aRHM 377 3.30 -3 0.2 12 3.40 3.20 4.10 2.80Porvair 378 3.29 3 7.3 5 3.18 5.84 5.87 5.15Zytek * 379 3.28 14 40.3 2 2.88 3.08 3.20 1.48Vetco † 380 3.27 n/a 0.9 31 n/a n/a n/a n/aLinx Printing Technologies(now part of Danaher, USA) ** 381 3.24 4 6.2 8 3.11 3.06 3.12 2.56Textron ** 381 3.24 559 0.8 16 0.49 1.06 0.45 1.56Videojet Technologies ** 383 3.22 791 11.4 8 0.36 n/a n/a n/aBMW Manufacturing ** 384 3.21 -15 0.2 2 3.76 4.85 8.05 2.47Whatman 385 3.20 100 2.7 18 1.60 2.18 5.12 6.40Bespak 386 3.18 -10 4.0 18 3.56 6.35 5.51 3.65Dainippon Sumitomo Pharma Europe ** 387 3.16 25 100.0 33 2.52 1.75 1.30 1.22EVC International (now Ineos Vinyls) * 387 3.16 15 0.4 5 2.75 1.65 2.47 4.12Lombard Medical Technologies 387 3.16 76 >999.9 18 1.80 1.03 1.47 0.74Pharmagene (now Asterand) 390 3.14 -62 116.2 33 8.20 7.87 8.54 4.62Proteome Sciences 391 3.13 -10 >999.9 33 3.48 3.55 1.77 0.72Domnick Hunter(now part of Parker Hannifin, USA) 392 3.12 6 2.0 16 2.93 2.97 2.32 2.10JohnsonDiversey ** 392 3.12 27 1.8 5 2.46 1.03 n/a n/aOtsuka Pharmaceutical ** 394 3.10 -31 4.9 33 4.52 5.10 3.41 n/aBASF ** 395 3.08 112 0.9 5 1.45 1.72 1.41 1.73Aegis 396 3.00 275 0.3 25 0.80 25.80 24.50 23.20International Power 396 3.00 0 0.2 7 3.00 14.00 n/a n/aRobert Bosch Investment ** 396 3.00 -21 1.3 6 3.80 3.30 2.29 2.31SHL 396 3.00 3 4.4 36 2.90 2.60 1.84 3.10Strategic Rail Authority 396 3.00 50 0.1 22 2.00 5.00 n/a n/aRotork 401 2.96 22 1.7 20 2.43 2.07 2.37 2.06SPI Lasers 401 2.96 1 85.4 8 2.93 n/a n/a n/aChristie 403 2.92 39 3.8 36 2.10 2.05 1.75 n/aTotal ** 403 2.92 -13 999.9 7 3.30 0.69 n/a 0.03Carmelite Capital 429 2.50 -19 0.8 15 3.10 1.50 2.30 3.00Crompton ** 429 2.50 -5 12.4 5 2.63 2.39 2.44 2.63ITW ** 429 2.50 6 0.6 20 2.36 n/a n/a n/aPhoqus 429 2.50 -3 912.8 33 2.57 n/a n/a n/abede 433 2.49 117 36.3 37 1.15 1.14 1.08 0.92CA-MC Acquisition ** 434 2.48 12 7.5 8 2.20 2.47 2.98 3.07Kewill Systems 435 2.46 16 9.2 35 2.13 1.87 2.47 7.40Cargill ** 436 2.45 130 0.2 12 1.07 0.56 0.41 1.23PlusNet 436 2.45 156 7.0 35 0.96 1.01 0.66 n/a—–––––—— 2005/06 R&D <strong>investment</strong> —–––––—— ——––––––—– Previous R&D <strong>investment</strong> ——––––––—–change sales 2004/05 2003/04 2002/03 2001/02Company Rank £m 1 yr % % Industry £m £m £m £mFerraris 438 2.43 13 4.4 18 2.15 2.10 2.54 1.95Sony Entertainment ** 439 2.42 -74 0.3 23 9.38 22.14 0.60 10.01XKO 439 2.42 72 8.7 35 1.40 1.36 1.17 1.13Expro 441 2.41 57 0.8 31 1.54 0.68 1.32 0.98ReNeuron Holdings * 442 2.40 13 >999.9 33 2.11 3.21 3.70 3.77Merck ** 443 2.37 -6 5.2 33 2.52 2.85 2.82 6.32GeneMedix 444 2.33 5 n/a 33 2.21 3.23 2.01 0.78Ceres Power 445 2.32 46 >999.9 8 1.59 1.14 0.57 n/aNorthumbrian Water 446 2.30 -54 0.4 14 5.00 4.92 5.50 5.30Searchspace 446 2.30 8 14.4 35 2.14 2.34 3.20 n/aThomson ** 446 2.30 -79 0.4 25 11.20 15.20 16.00 n/aWorkplace Systems International 449 2.26 -12 29.5 35 2.56 3.98 4.47 3.50BioFocus † 450 2.23 8 18.0 33 2.06 1.58 0.71 n/aKerry Foods ** 450 2.23 51 0.5 12 1.47 1.43 1.54 1.50Alliance Pharma † 452 2.22 159 15.1 33 0.86 0.49 n/a n/aFlomerics 453 2.21 -3 19.4 35 2.27 2.37 2.64 2.75Antonov 454 2.20 76 n/a 2 1.25 1.22 1.02 1.07Dairy Crest 454 2.20 5 0.2 12 2.10 1.80 1.50 1.50Kensington 454 2.20 -19 1.4 15 2.70 n/a n/a n/aJeyes 457 2.19 -1 1.3 19 2.21 1.25 n/a n/aAlterian 458 2.18 -10 20.5 35 2.41 2.44 1.96 1.45Eckoh Technologies 459 2.17 63 2.7 36 1.33 1.36 1.23 1.05Trelleborg Automotive ** 460 2.15 -3 3.5 16 2.22 2.14 2.07 2.51Osmetech 461 2.13 22 36.5 33 1.75 1.38 2.85 2.49Tertio Telecoms (now Evolving Systems) ** 461 2.13 22 15.8 35 1.75 1.85 2.23 2.20Fenner 463 2.09 -9 0.7 20 2.28 1.71 1.84 1.92Jazztel 463 2.09 34 1.3 10 1.56 1.38 2.42 2.47Certegy ** 465 2.08 53 3.2 15 1.36 3.52 n/a n/aRecognition Systems (now Protagona) ** 465 2.08 -5 178.3 35 2.18 2.43 2.82 2.25Newchurch 467 2.07 42 36.8 35 1.46 1.35 1.88 2.95Corin 468 2.05 37 7.9 18 1.49 1.19 0.90 0.71NXT 469 2.04 -60 61.7 23 5.11 6.35 6.19 5.43Bond International Software 470 2.01 22 14.4 35 1.65 1.22 1.15 1.10George Wimpey 471 2.00 -51 0.1 19 4.10 n/a n/a n/aTadpole Technology 472 1.98 17 21.7 35 1.69 2.16 4.42 3.92Robotic Technology Systems 473 1.97 -63 4.7 36 5.39 4.75 3.31 0.79Ant 474 1.96 40 78.1 35 1.40 0.60 1.03 1.88Planit 475 1.95 13 6.9 35 1.73 0.17 0.63 0.83Sequenom-Gemini ** 475 1.95 -42 834.6 33 3.35 2.05 n/a n/aTennants 475 1.95 25 0.9 5 1.56 0.21 0.01 0.04ClinPhone 478 1.94 20 5.7 35 1.62 n/a n/a n/aAkzo Nobel Nippon Paint ** 479 1.91 13 8.1 5 1.69 2.95 2.74 2.48Zincox Resources 479 1.91 n/a n/a 26 n/a n/a n/a n/aBioProgress 481 1.90 582 43.0 33 0.28 0.18 n/a n/aRenold 481 1.90 -5 1.0 20 2.00 2.20 2.50 2.50United Utilities 481 1.90 138 0.1 14 0.80 0.80 0.80 1.50Alstom Controls ** 484 1.89 -33 3.1 8 2.82 2.10 2.94 3.85Honeywell Analytics ** 485 1.88 19 9.7 8 1.59 1.88 0.67 3.14Intelek 486 1.87 -19 5.3 37 2.30 2.37 2.18 1.85NIC ** 486 1.87 119 1.8 16 0.85 1.37 0.81 0.92Nufarm ** 488 1.86 53 0.9 5 1.22 0.55 n/a n/aHerman Miller ** 489 1.82 16 2.7 19 1.57 1.24 1.29 n/aBritish Alcan Aluminium ** 490 1.80 6 0.4 21 1.70 2.10 3.40 2.90Volex 491 1.79 -2 0.7 8 1.82 1.86 2.48 3.33McCain Foods ** 492 1.77 15 0.6 12 1.54 1.62 1.22 0.86Tritrax 493 1.75 19 3.3 8 1.47 1.23 1.09 0.87Ultraframe 493 1.75 -14 1.8 6 2.05 2.11 1.76 1.22Tepnel Life Sciences 495 1.74 12 12.8 33 1.55 1.08 1.98 2.06DRS Data & Research Services 496 1.72 11 13.8 35 1.54 0.80 0.53 0.30Biotica Technology 497 1.71 37 n/a 33 1.25 0.91 0.73 n/aBayer Agriculture ** 498 1.69 64 20.8 15 1.03 0.87 1.13 1.03Fun Technologies (now part of Liberty) 499 1.66 75 12.1 39 0.95 0.24 0.18 n/aSR Pharma 499 1.66 -2 325.9 33 1.70 3.01 2.46 2.35Vebnet 499 1.66 126 51.1 35 0.73 0.84 0.94 n/aEvolution Studios 502 1.65 8 28.4 23 1.53 1.09 0.79 0.54Low & Bonar 502 1.65 -9 0.7 6 1.81 1.67 1.28 1.8240 <strong>The</strong> <strong>2006</strong> R&D Scoreboard <strong>The</strong> <strong>2006</strong> R&D Scoreboard 41
Ranking of the <strong>top</strong> <strong>800</strong> <strong>UK</strong> <strong>companies</strong> <strong>by</strong> R&D <strong>investment</strong>Ranking of the <strong>top</strong> <strong>800</strong> <strong>UK</strong> <strong>companies</strong> <strong>by</strong> R&D <strong>investment</strong>—–––––—— 2005/06 R&D <strong>investment</strong> —–––––—— ——––––––—– Previous R&D <strong>investment</strong> ——––––––—–change sales 2004/05 2003/04 2002/03 2001/02Company Rank £m 1 yr % % Industry £m £m £m £mClarityblue 504 1.64 -17 7.3 36 1.97 n/a n/a n/aInsignia Solutions 504 1.64 -17 519.0 35 1.97 2.98 3.20 3.20James Halstead 506 1.62 3 1.4 6 1.57 1.74 1.70 0.96Crane ** 507 1.61 27 1.3 20 1.26 0.99 0.84 0.42Gresham Computing 507 1.61 9 11.5 35 1.47 1.87 1.52 1.33IBS OPENSystems † 507 1.61 n/a 7.7 35 n/a n/a n/a n/aOMG 507 1.61 15 11.3 35 1.40 1.38 1.67 1.31STMicroelectronics ** 507 1.61 4 10.6 37 1.55 1.40 27.92 27.97B Elliott 512 1.60 -14 2.9 20 1.85 1.80 2.20 2.81Clarity Commerce Solutions 512 1.60 60 9.8 35 1.00 0.35 0.35 0.25Electronic Data Processing 512 1.60 -7 22.9 35 1.72 1.74 1.85 2.01Provalis 512 1.60 -6 15.4 33 1.70 2.00 3.30 3.30World Gaming 512 1.60 -37 16.9 35 2.55 1.85 2.02 n/aOptos 517 1.59 11 5.6 18 1.43 1.35 0.72 n/aZimmer ** 518 1.58 -4 1.3 18 1.65 1.33 n/a n/aFree Radical Design 519 1.57 206 52.7 23 0.51 1.13 0.45 0.96ASITE 520 1.56 57 102.2 35 1.00 0.03 0.20 4.84Pro-Bel ** 521 1.55 363 9.2 35 0.33 1.27 2.01 2.48ADVFN 522 1.54 38 46.6 15 1.12 0.92 0.72 1.06Futura Medical 522 1.54 60 >999.9 33 0.96 0.68 0.81 0.68Sunrise Medical ** † 524 1.53 -21 3.3 18 1.94 1.35 1.28 2.27Block Shield † 525 1.52 770 130.2 8 0.18 n/a n/a n/aChalkfree † 525 1.52 n/a 1.9 8 n/a 1.26 1.10 0.63Trafficmaster 525 1.52 -15 3.6 25 1.78 1.07 2.78 3.97Akzo Nobel Powder Coatings ** 528 1.51 -18 4.3 5 1.84 2.58 2.59 n/aAlcoa ** 528 1.51 8 0.3 21 1.40 1.72 1.59 n/aThales Optronics ** 528 1.51 43 1.4 1 1.06 0.97 1.11 1.79Premier Foods 531 1.50 67 0.2 12 0.90 0.90 1.00 0.40Remec Europe ** † 532 1.49 -3 4.6 37 1.54 0.94 2.09 1.47Universe 533 1.48 -18 8.2 36 1.81 3.28 1.74 1.63TRL Electronics 534 1.47 96 6.6 1 0.75 0.49 n/a n/aGreat Lakes Europe ** 535 1.46 -9 1.1 5 1.60 1.82 1.74 1.32PA 535 1.46 n/m 0.5 36 0.00 25.06 23.69 18.88IndigoVision 537 1.45 -4 40.1 35 1.50 2.06 3.56 2.01McCormick Tractors International ** 537 1.45 -7 0.9 20 1.56 2.08 2.36 0.67VI 537 1.45 8 14.2 35 1.34 1.45 1.28 1.01ChevronTexaco ** 540 1.40 -7 999 5.4 8 0.03 n/a n/a n/aServicePower Technologies 622 1.02 -28 12.8 35 1.41 0.75 0.67 0.06Sopheon 625 1.01 13 21.6 35 0.89 1.24 2.33 3.01Allied Domecq(now part of Pernod Ricard, France) 626 1.00 0
Ranking of the <strong>top</strong> <strong>800</strong> <strong>UK</strong> <strong>companies</strong> <strong>by</strong> R&D <strong>investment</strong>Ranking of the <strong>top</strong> <strong>800</strong> <strong>UK</strong> <strong>companies</strong> <strong>by</strong> R&D <strong>investment</strong>—–––––—— 2005/06 R&D <strong>investment</strong> —–––––—— ——––––––—– Previous R&D <strong>investment</strong> ——––––––—–change sales 2004/05 2003/04 2002/03 2001/02Company Rank £m 1 yr % % Industry £m £m £m £mJames Cropper 632 0.97 22 1.5 13 0.79 0.69 0.73 0.71Oxonica 632 0.97 33 77.5 5 0.73 n/a n/a n/aAcacia Biopharma ** 635 0.96 72 5.1 33 0.56 0.46 0.74 0.56Manpower Software 635 0.96 -6 16.2 35 1.02 0.81 0.79 0.82Smart Holograms 635 0.96 372 559.9 8 0.20 0.18 0.00 n/aMicap 638 0.95 -10 295.3 33 1.06 1.78 0.38 0.21Lincat 639 0.94 3 2.7 20 0.91 0.84 0.89 0.86MicroEmissive Displays 639 0.94 -36 >999.9 8 1.46 n/a n/a n/aSequa ** 639 0.94 -20 0.5 5 1.17 1.78 2.75 2.84General Dynamics ** 642 0.93 28 0.2 1 0.72 0.65 0.70 0.69ITM Power 642 0.93 61 n/a 8 0.58 0.32 0.02 n/aSerono ** 642 0.93 22 2.4 33 0.77 0.83 0.76 0.79Innovia Films † 645 0.92 n/a 1.4 5 n/a n/a n/a n/aSaint-Gobain Abrasives ** 645 0.92 99 1.3 6 0.46 0.31 0.88 0.88Screen (now Petards) 647 0.91 -24 4.0 36 1.20 1.98 1.90 0.84Business Control Solutions 648 0.90 62 10.9 35 0.55 n/a n/a n/aCOE 648 0.90 -5 16.8 8 0.94 0.14 n/a n/aKelda 648 0.90 0 0.1 14 0.90 0.90 0.90 1.00Accantia 651 0.89 9 1.1 32 0.81 0.91 n/a n/aFocus Solutions 651 0.89 -2 16.4 35 0.91 1.13 0.11 0.05Clinical Computing 653 0.88 9 53.1 35 0.80 0.86 0.91 1.09CustomVis 653 0.88 -13 585.4 18 1.02 0.09 n/a n/aSenetek 653 0.88 -4 19.9 33 0.91 0.78 0.20 0.48Gooch & Housego 656 0.87 -11 3.9 20 0.98 0.90 0.99 0.89Technolog 656 0.87 16 9.6 8 0.75 0.78 0.57 0.21BWI ** 658 0.86 -5 2.7 16 0.91 1.07 1.11 0.99ID Data 658 0.86 n/a 4.4 8 n/a n/a n/a n/aKalon (now SigmaKalon) ** 658 0.86 -1 0.4 5 0.87 0.83 0.78 0.76NextGen 658 0.86 -14 85.0 33 1.00 n/a n/a n/aDatong Electronics 662 0.84 31 13.0 8 0.64 0.74 0.63 0.41IQ-Ludorum 662 0.84 -30 47.0 35 1.21 2.50 3.62 1.30QXL ricardo 662 0.84 35 7.5 17 0.62 0.57 1.16 2.52Stem Cell Sciences 662 0.84 76 98.7 33 0.48 n/a n/a n/aZoo Digital † 662 0.84 1 8.3 35 0.83 0.60 0.19 n/aCadence Design Systems ** 667 0.83 4 3.4 37 0.80 0.52 0.27 0.59Hoover ** 667 0.83 -32 0.5 19 1.22 1.20 1.09 1.12Thomson Intermedia 667 0.83 9 7.4 25 0.76 0.64 0.51 0.43Eirx <strong>The</strong>rapeutics 670 0.82 -5 >999.9 33 0.86 n/a n/a n/aMarine Harvest ** 670 0.82 29 1.1 12 0.63 0.20 0.28 0.59Patientline 670 0.82 -33 1.5 10 1.23 1.16 1.67 1.75Robinson Brothers 673 0.81 -2 3.5 5 0.83 0.79 0.89 0.94Brintons 674 0.80 -12 0.9 19 0.91 1.09 0.96 0.81DCS 674 0.80 -76 2.3 35 3.30 2.60 3.00 3.00Enterprise 674 0.80 n/a 0.2 36 n/a n/a n/a n/aLatchways 674 0.80 58 2.9 36 0.51 0.49 0.67 0.51Melrose 674 0.80 n/a 0.3 20 n/a n/a n/a n/aUnipoly 674 0.80 -11 0.4 6 0.90 0.86 n/a n/aebookers (now part of Cendant) 680 0.79 -20 1.1 39 0.98 0.32 0.00 2.20Vanguard Car Rental EMEA ** 680 0.79 -61 0.3 39 2.02 1.62 0.64 1.70YooMedia 680 0.79 n/a 3.7 25 n/a n/a n/a 0.39Feedback 683 0.78 -48 8.5 8 1.49 1.41 0.94 0.72Gartland Whalley and Barker 683 0.78 n/a 0.5 16 n/a n/a n/a n/aIntercede 683 0.78 5 43.1 35 0.74 0.84 0.79 0.39Zotefoams 683 0.78 6 2.8 5 0.73 0.64 0.49 0.62Computer Software 687 0.75 -39 5.3 35 1.22 0.66 0.66 1.24Consilium 687 0.75 80 10.9 35 0.42 0.28 n/a n/aKnowledge Technology Solutions 687 0.75 63 60.1 25 0.46 0.26 0.22 n/aOneClickHR 687 0.75 55 15.7 35 0.48 0.49 0.00 0.00ReGen <strong>The</strong>rapeutics 687 0.75 63 642.2 33 0.46 0.33 0.58 0.92Tecteon 687 0.75 27 331.3 30 0.59 0.94 0.94 n/aAbcam 693 0.74 83 6.1 17 0.40 0.21 0.09 n/aDewhurst 694 0.73 -6 2.4 8 0.78 0.84 0.76 0.73Drew Scientific(now part of Escalon Medical, USA) 694 0.73 -38 8.3 33 1.17 1.50 0.84 0.76Kenwood ** 694 0.73 -13 0.5 19 0.83 0.63 0.97 1.38—–––––—— 2005/06 R&D <strong>investment</strong> —–––––—— ——––––––—– Previous R&D <strong>investment</strong> ——––––––—–change sales 2004/05 2003/04 2002/03 2001/02Company Rank £m 1 yr % % Industry £m £m £m £mYamanouchi Pharma(now Astellas Pharma) ** 694 0.73 16 2.1 11 0.63 1.48 0.81 0.58Cozart 698 0.72 50 15.2 18 0.48 n/a n/a n/aCyprotex 698 0.72 -8 26.7 33 0.78 0.78 0.74 0.08Ardagh Glass * 700 0.71 15 0.4 6 0.62 0.67 n/a n/aEuropean Colour 700 0.71 4 2.6 5 0.68 0.41 0.47 0.52Famco 700 0.71 -23 0.3 19 0.92 0.88 0.82 n/aHunting 703 0.70 -36 999.9 37 0.11 n/a n/a n/aDunlop Aircraft Tyres ** 745 0.50 -12 3.3 2 0.57 0.43 0.62 0.51Electrolux ** 745 0.50 0 0.1 19 0.50 0.26 n/a n/aIQE 745 0.50 -40 2.4 37 0.84 1.84 3.21 3.79Amtico 753 0.49 -24 0.6 19 0.64 0.69 0.66 0.47Dennis Eagle ** 753 0.49 57 0.4 20 0.31 0.22 0.28 0.23Get 753 0.49 35 0.6 8 0.36 0.34 0.33 0.31Transeda Technology ** 753 0.49 -6 31.6 35 0.52 0.85 0.67 0.52Dynea Aycliffe ** 757 0.48 19 3.3 5 0.40 0.23 0.21 0.23Pelikon 757 0.48 14 47.5 8 0.42 0.25 n/a n/aTiton 757 0.48 -9 2.9 6 0.53 0.62 0.55 0.4844 <strong>The</strong> <strong>2006</strong> R&D Scoreboard<strong>The</strong> <strong>2006</strong> R&D Scoreboard 45
Ranking of the <strong>top</strong> <strong>800</strong> <strong>UK</strong> <strong>companies</strong> <strong>by</strong> R&D <strong>investment</strong>Ranking of the <strong>top</strong> <strong>800</strong> <strong>UK</strong> <strong>companies</strong> <strong>by</strong> R&D <strong>investment</strong>—–––––—— 2005/06 R&D <strong>investment</strong> —–––––—— ——––––––—– Previous R&D <strong>investment</strong> ——––––––—–change sales 2004/05 2003/04 2002/03 2001/02Company Rank £m 1 yr % % Industry £m £m £m £mManganese Bronze 760 0.47 -73 0.5 20 1.74 4.07 3.88 2.20Orchid Biosciences Europe(now Orchid Cellmark) ** 760 0.47 11 3.3 33 0.42 0.35 n/a n/aPursuit Dynamics 760 0.47 26 522.2 20 0.37 0.46 0.61 0.90Respironics ** 760 0.47 -17 2.7 18 0.57 0.46 0.51 0.33Surface Transforms 760 0.47 285 183.3 20 0.12 0.61 0.08 0.052 ergo 765 0.46 -38 2.0 27 0.74 n/a n/a n/aILX 765 0.46 133 6.7 36 0.20 n/a 0.05 0.84Naiglan 765 0.46 -9 0.2 17 0.50 0.46 0.46 n/aNewmark Security 765 0.46 13 3.8 36 0.41 0.34 0.17 0.07Akcros Chemicals ** 769 0.44 -29 1.5 5 0.63 0.64 0.53 0.37Cytomyx 769 0.44 88 7.7 33 0.23 0.02 0.05 n/aImparta 769 0.44 5 13.8 36 0.42 0.46 1.07 1.09NMT 769 0.44 -12 n/a 18 0.51 0.53 0.76 0.58Sira 769 0.44 -31 4.3 20 0.63 0.92 0.95 0.88Telephonetics 769 0.44 2 10.0 35 0.44 n/a n/a n/aTessenderlo Fine Chemicals ** 769 0.44 12 1.6 5 0.40 0.43 0.35 0.39Cambridge Laboratories * 776 0.43 -37 2.5 33 0.69 0.46 0.53 0.19Eco-Bat Technologies ** 777 0.42 -20 0.1 21 0.52 0.57 0.54 0.49Intelligent Environments 777 0.42 -24 13.5 35 0.55 0.79 0.92 1.44Retail Decisions 777 0.42 10 0.8 35 0.38 0.52 0.01 0.03—–––––—— 2005/06 R&D <strong>investment</strong> —–––––—— ——––––––—– Previous R&D <strong>investment</strong> ——––––––—–change sales 2004/05 2003/04 2002/03 2001/02Company Rank £m 1 yr % % Industry £m £m £m £mSynchronica 777 0.42 n/a 13.7 37 n/a n/a n/a 0.09Pole Star Space Applications 781 0.41 2 8.8 35 0.40 0.41 0.38 0.30AeroBox 782 0.40 34 76.5 5 0.30 0.20 n/a n/aAlcan ** 782 0.40 33 0.1 16 0.30 0.20 0.30 0.20Elektron 782 0.40 1 1.8 8 0.39 0.27 0.38 0.69Flytxt 782 0.40 13 11.4 36 0.35 0.61 0.45 0.56GB 782 0.40 -8 3.1 35 0.44 0.48 0.47 0.84PipeHawk 782 0.40 0 28.9 8 0.40 0.43 0.61 0.45Redbridge 782 0.40 27 0.2 17 0.31 0.38 0.73 n/aRedrow 782 0.40 33 0.1 19 0.30 0.20 0.30 n/aAppian Technology 790 0.39 13 13.5 8 0.35 0.23 0.24 0.11LiDCO 790 0.39 -4 11.3 18 0.40 0.48 0.30 0.44United Dairy Farmers 790 0.39 155 0.1 12 0.15 0.28 0.13 n/aBoltblue 793 0.38 -15 14.0 35 0.44 0.42 n/a n/aMoneysupermarket.com Financial 793 0.38 0 0.6 15 0.38 0.69 0.56 0.17Ronseal ** 793 0.38 0 0.8 5 0.38 0.35 0.33 0.31Steinhoff <strong>UK</strong> Beds ** 793 0.38 4 0.7 19 0.36 0.32 0.34 n/aTower 793 0.38 n/a 6.7 37 n/a n/a n/a n/aUGG ** 793 0.38 -21 0.3 16 0.48 0.48 0.52 n/aHydro International 799 0.37 22 2.0 20 0.31 0.36 0.20 0.20Thor Overseas * 799 0.37 -16 3.6 5 0.45 0.39 0.35 0.246 <strong>The</strong> <strong>2006</strong> R&D Scoreboard<strong>The</strong> <strong>2006</strong> R&D Scoreboard 47
Market breadth <strong>by</strong> industry for those of the <strong>top</strong> <strong>800</strong> <strong>UK</strong> <strong>companies</strong> wherecomparable data is available (see notes on pages 248 to 256)——––––––––––––— Market breadth ——––––––––––––—R&D Sales Europe N. America Rest of World TotalCompany £m £m % % % %1 Aerospace & defenceBAE Systems 1449.00 11019 41 39 20 100Rolls-Royce 352.00 6603 29 39 31 99Airbus ** 343.00 2068 96 4 0 100Smiths 143.60 3017 28 57 15 100Goodrich Controls ** 52.20 357 66 24 10 100Cobham 42.90 1090 38 40 22 100Meggitt 30.77 616 38 51 10 99Messier-Dowty ** 21.68 188 86 5 9 100Ultra Electronics 17.29 342 50 42 7 99Westland Helicopters ** 12.57 890 74 3 24 101MBDA ** 7.20 917 96 0 4 100Hampson Industries 4.83 104 64 31 5 100Chemring 3.75 132 30 46 24 100Thales Optronics ** 1.51 111 82 8 10 100TRL Electronics 1.47 22 87 5 8 100McKechnie Aerospace * 1.10 196 19 72 9 100VT 1.06 711 60 30 10 100General Dynamics ** 0.93 469 99 1 0 100Castledon 0.65 30 36 52 12 1002 Automobiles & partsFord ** 689.00 9940 89 6 5 100Land Rover ** 231.80 3404 64 23 13 100Visteon ** 53.00 381 84 10 5 99Dana Investments ** 10.57 269 92 4 3 99Avon Rubber 9.14 240 54 44 2 100Wagon 8.80 417 98 0 0 98Calsonic Kansei Europe ** 7.19 214 98 0 0 98Pirelli ** 5.01 919 92 0 6 98Lotus ** 3.92 162 32 32 36 100Sumitomo Electric Wiring Systems ** 3.38 235 99 0 0 99Zytek * 3.28 8 48 52 0 100BMW Manufacturing ** 3.21 1744 100 0 0 100Denso Manufacturing ** 2.61 202 96 0 0 96Michelin Tyre ** 1.34 663 100 0 0 100Dunlop Aircraft Tyres ** 0.50 15 60 13 28 1013 BanksRoyal Bank of Scotland 329.00 25902 82 17 1 100HSBC 244.64 33572 36 38 27 101Barclays 68.00 17333 73 14 13 100Alliance & Leicester 12.20 1387 100 0 0 1004 BeveragesDiageo 16.00 9036 44 29 27 100SABMiller 4.66 8916 21 32 47 100Golden Acquisition ** 3.86 1632 99 0 0 99Britannia Soft Drinks * 1.15 698 99 0 0 99Inbev ** 1.05 1385 100 0 0 1005 ChemicalsICI 147.00 5812 32 33 35 100Johnson Matthey 58.80 4756 41 24 35 100Ciba Specialty Chemicals ** 8.86 445 73 12 15 100Ineos 6.73 2333 65 26 9 100Elementis 6.20 399 42 39 19 100Dyson 5.16 59 72 4 24 100Victrex 4.17 102 52 32 16 100Rhodia ** 4.15 144 79 10 10 99Scapa 3.40 192 56 33 11 100JohnsonDiversey ** 3.12 173 98 0 0 98Crompton ** 2.50 20 84 15 0 99Nufarm ** 1.86 201 79 14 7 100Akzo Nobel Powder Coatings ** 1.51 35 100 0 0 100Cognis Performance Chemicals (now Cognis) ** 1.38 69 75 11 14 100Market breadth <strong>by</strong> industry for those of the <strong>top</strong> <strong>800</strong> <strong>UK</strong> <strong>companies</strong> wherecomparable data is available (see notes on pages 248 to 256)——––––––––––––— Market breadth ——––––––––––––—R&D Sales Europe N. America Rest of World TotalCompany £m £m % % % %INEOS Chlor 1.36 386 78 4 18 100Innovia Films † 0.92 68 56 23 21 100Zotefoams 0.78 28 71 26 3 100European Colour 0.71 27 50 39 12 101Exchem ** 0.64 39 95 0 0 95D1 Oils 0.58 0 90 0 10 100Trelleborg Sealing Solutions ** 0.52 98 82 9 9 100Brunner Mond 0.50 160 78 0 19 97Dynea Aycliffe ** 0.48 15 94 1 5 100AeroBox 0.40 1 26 74 0 100Ronseal ** 0.38 49 98 0 0 986 Construction & materialsNovar (now part of Honeywell Acquisitions) 26.20 1479 33 63 4 100Pilkington (now part of NSG <strong>UK</strong> Enterprises) 22.00 2582 61 22 17 100Baxi 11.74 772 97 0 0 97BPB (now part of Saint-Gobain, France) ** 5.30 2317 74 23 5 102Balfour Beatty 4.00 3837 87 13 1 101Norcros 3.60 195 61 8 31 100Robert Bosch Investment ** 3.00 236 100 0 0 100Ultraframe 1.75 97 57 43 0 100Low & Bonar 1.65 227 78 15 7 100James Halstead 1.62 112 78 0 18 96Marley Building Materials(now Hanson <strong>The</strong>rmalite) ** 1.20 147 100 0 0 100Hanson 1.10 3716 38 47 15 100Saint-Gobain Abrasives ** 0.92 69 92 3 5 100Ardagh Glass * 0.71 184 99 0 0 99Alumasc 0.68 122 96 0 0 967 ElectricityE.ON <strong>UK</strong> ** 5.00 6928 100 0 0 100British Energy † 4.00 643 100 0 0 100International Power 3.00 1933 51 27 22 100Scottish and Southern Energy 1.40 10145 100 0 0 1008 Electronic & electrical equipmentInvensys 110.00 2713 40 37 23 100Philips Electronics ** 53.50 725 90 0 10 100Spectris 44.90 656 43 26 31 100Agilent Technologies ** 34.64 321 40 16 44 100Renishaw 29.30 176 40 27 33 100Panasonic Europe ** 28.52 3636 99 0 1 100Alstom ** 28.27 583 85 10 5 100Laird 16.00 509 44 35 22 101Oxford Instruments 13.20 167 29 36 35 100First Technology(now part of Honeywell Acquisitions) 10.20 163 36 47 17 100Cambridge Display Technology ** 8.70 7 40 18 42 100TT electronics 8.70 583 65 23 12 100Raymarine 8.44 122 49 51 0 100Intelligent Energy 6.78 2 65 34 1 100Toshiba Research Europe ** 6.43 9 0 0 100 100Dialight 5.34 95 38 45 17 100Chloride 4.53 182 68 16 16 100ABB ** 4.26 432 95 0 0 95Digital Appliance Controls ** 3.35 404 83 6 10 99Videojet Technologies ** 3.22 28 100 0 0 100SPI Lasers 2.96 3 30 60 10 100XP Power 2.60 70 46 54 0 100Cooper Industries ** 2.58 153 100 0 0 100CA-MC Acquisition ** 2.48 33 60 29 11 100Ceres Power 2.32 0 85 15 0 100Alstom Controls ** 1.89 61 67 15 18 100Honeywell Analytics ** 1.88 19 100 0 0 100Volex 1.79 250 40 30 31 10148 <strong>The</strong> <strong>2006</strong> R&D Scoreboard<strong>The</strong> <strong>2006</strong> R&D Scoreboard 49
Market breadth <strong>by</strong> industry for those of the <strong>top</strong> <strong>800</strong> <strong>UK</strong> <strong>companies</strong> wherecomparable data is available (see notes on pages 248 to 256)——––––––––––––— Market breadth ——––––––––––––—R&D Sales Europe N. America Rest of World TotalCompany £m £m % % % %Block Shield † 1.52 1 11 63 26 100MicroEmissive Displays 0.94 0 0 0 100 100Dewhurst 0.73 30 56 24 20 100ASTEC ** 0.68 281 27 36 38 101Innovision Research & Technology 0.63 2 36 46 18 100Pelikon 0.48 1 77 22 1 100Elektron 0.40 22 67 17 16 100PipeHawk 0.40 1 91 5 3 999 Equity <strong>investment</strong> instrumentsNo <strong>companies</strong> with sufficient R&D for inclusion10 Fixed line telecommunicationsBT 727.00 19514 96 3 0 99Jazztel 2.09 164 100 0 0 100Patientline 0.82 55 99 1 0 100Eircom 0.69 1163 100 0 0 10011 Food & drug retailersEisai ** 34.32 68 100 0 0 100Yamanouchi Pharma (now Astellas Pharma) ** 0.73 35 100 0 0 100Fujisawa ** 0.60 34 100 0 0 10012 Food producersCadbury Schweppes 58.00 7157 32 28 40 100Effem (aka Mars) ** 26.32 2080 100 0 0 100Tate & Lyle 21.00 3720 41 40 19 100Aviagen ** 10.87 173 30 42 28 100United Biscuits ** 10.80 1267 95 0 0 95Kerry Ingredients ** 5.28 230 93 2 5 100RHM 3.30 1642 100 0 0 100Inter Link Foods 2.53 98 98 0 0 98Kerry Foods ** 2.23 439 99 0 0 99Dairy Crest 2.20 1355 96 0 0 96McCain Foods ** 1.77 303 100 0 0 100Premier Foods 1.50 867 99 0 0 99Latimer (aka Weetabix) ** † 1.13 291 73 26 0 99Hazlewood Grocery ** 1.10 161 100 0 0 100Kellogg ** 1.10 772 97 0 0 97Geest (now part of Bakkavor, Iceland) 1.00 831 100 0 0 100Marine Harvest ** 0.82 72 93 5 2 10013 Forestry & paperJames Cropper 0.97 64 81 9 10 100Arjo Wiggins ** 0.50 73 100 0 0 10014 Gas, water & multiutilitiesNational Grid 7.00 9361 50 48 0 98RWE Npower ** 4.00 426 100 0 0 100Severn Trent 3.90 2353 85 12 1 98EDF Energy ** 3.80 4575 100 0 0 100Northumbrian Water 2.30 620 95 0 0 95United Utilities 1.90 2562 100 0 0 100AWG 1.10 1889 99 0 0 99Kelda 0.90 884 88 12 0 100Veolia Water ** 0.68 212 100 0 0 100CE Electric ** 0.50 501 100 0 0 10015 General financialCarmelite Capital 2.50 329 87 0 13 100Certegy ** 2.08 65 86 2 12 100ADVFN 1.54 3 100 0 0 100Cattles 1.20 672 100 0 0 10016 General industrialsTomkins 46.70 3182 14 69 18 101Market breadth <strong>by</strong> industry for those of the <strong>top</strong> <strong>800</strong> <strong>UK</strong> <strong>companies</strong> wherecomparable data is available (see notes on pages 248 to 256)——––––––––––––— Market breadth ——––––––––––––—R&D Sales Europe N. America Rest of World TotalCompany £m £m % % % %Rexam 21.00 3237 51 35 14 100Kidde ** 17.00 987 40 43 17 100Barloworld ** 3.64 1526 52 26 22 100Textron ** 3.24 418 68 12 20 100Domnick Hunter(now part of Parker Hannifin, USA) 3.12 158 58 24 18 100Trelleborg Automotive ** 2.15 61 79 12 9 100NIC ** 1.87 105 87 6 7 100Harsco Investment ** 1.28 643 81 0 18 99DS Smith 1.10 1653 97 0 0 97600 Group 1.02 67 40 32 28 100BWI ** 0.86 31 63 11 26 100Gartland Whalley and Barker 0.78 149 49 45 6 100Alcan ** 0.40 509 86 2 11 99UGG ** 0.38 144 97 0 0 9717 General retailerslastminute.com (now part of Sabre, USA) ** 23.62 440 100 0 0 100Boots (now Alliance Boots) 16.10 5471 96 0 0 96Photo-Me 9.44 230 65 13 22 100John Lewis 5.40 5149 100 0 0 100DaimlerChrysler ** 5.04 3387 100 0 0 100Adeptra 0.68 3 29 71 0 100Freeplay Energy 0.53 2 47 19 34 100Naiglan 0.46 277 100 0 0 10018 Health care equipment & servicesAmersham (now GE Healthcare) ** † 85.71 1462 19 79 2 100Smith & Nephew 67.00 1407 31 49 19 99Lifescan Scotland ** 23.49 138 100 0 0 100Gyrus 11.84 150 19 74 7 100Biocompatibles International 7.68 3 70 30 0 100Huntleigh Technology 6.33 200 61 23 15 99Abbott ** 5.61 704 93 3 5 101Solexa 3.97 0 100 0 0 100Bespak 3.18 79 55 35 10 100Lombard Medical Technologies 3.16 0 95 5 0 100Medisys 2.54 30 7 90 3 100Ferraris 2.43 55 44 49 7 100Optos 1.59 28 5 95 0 100Zimmer ** 1.58 124 95 0 0 95Sunrise Medical ** † 1.53 47 97 0 0 97Zi Medical 1.31 0 100 0 0 100Tissue Science Laboratories 1.30 10 26 73 1 100Genetix 1.29 12 32 52 16 100Advanced Medical Solutions 1.15 13 76 18 6 100CustomVis 0.88 0 26 0 74 100Cozart 0.72 5 95 0 4 99Genosis 0.58 0 100 0 0 100Celsis International 0.50 19 22 70 8 100Respironics ** 0.47 18 92 6 2 100LiDCO 0.39 3 61 33 6 10019 Household goodsDyson James 19.42 426 52 38 10 100Glen Electric 13.76 682 90 8 3 101Kohler ** 5.68 112 98 0 0 98Waterford Wedgwood ** 4.60 409 43 40 18 101McBride 4.50 537 99 0 0 99Aga Foodservice 4.20 502 72 24 5 101Avery Weigh-Tronix 3.37 156 60 31 10 101Jeyes 2.19 174 86 10 4 100George Wimpey 2.00 3003 72 28 0 100FW Thorpe 1.03 42 96 0 3 99Hoover ** 0.83 177 100 0 0 100Kenwood ** 0.73 144 83 2 15 10050 <strong>The</strong> <strong>2006</strong> R&D Scoreboard<strong>The</strong> <strong>2006</strong> R&D Scoreboard 51
Market breadth <strong>by</strong> industry for those of the <strong>top</strong> <strong>800</strong> <strong>UK</strong> <strong>companies</strong> wherecomparable data is available (see notes on pages 248 to 256)——––––––––––––— Market breadth ——––––––––––––—R&D Sales Europe N. America Rest of World TotalCompany £m £m % % % %Famco 0.71 227 100 0 0 100Electrolux ** 0.50 384 100 0 0 100Steinhoff <strong>UK</strong> Beds ** 0.38 57 99 0 0 9920 Industrial engineeringCaterpillar ** 35.43 2025 47 25 28 100AGCO International ** 22.79 2222 64 7 30 101Enodis 12.50 665 21 72 7 100LDV 10.07 120 100 0 0 100Bombardier Transportation ** 8.37 1046 97 0 0 97Senior 7.70 339 40 53 7 100JCB Compact Products 6.66 157 80 16 4 100Spirax-Sarco Engineering 5.37 349 47 21 32 100Charter 5.30 1066 41 24 34 99Weir 5.25 824 24 28 45 97Foseco 4.90 377 48 26 26 100Luxfer 4.10 233 44 45 11 100Stanelco 3.44 1 60 30 10 100Doncasters 3.34 392 59 35 6 100Mesco ** 2.69 396 81 4 15 100ITW ** 2.50 434 93 1 6 100Fenner 2.09 313 23 46 31 100B Elliott 1.60 56 30 58 11 99McCormick Tractors International ** 1.45 161 64 26 10 100Molins 1.20 121 30 26 45 101GD First ** 1.08 90 62 17 21 100Moog Controls ** 1.04 33 90 2 8 100Lincat 0.94 34 86 11 3 100Gooch & Housego 0.87 22 34 47 19 100Melrose 0.80 270 40 50 10 100Dennis Eagle ** 0.49 110 99 0 1 100Manganese Bronze 0.47 88 97 1 2 100Pursuit Dynamics 0.47 0 100 0 0 100Surface Transforms 0.47 0 100 0 0 100Sira 0.44 10 87 8 5 100Hydro International 0.37 19 76 23 1 10021 Industrial metalsCorus 66.00 10140 80 9 11 100British Alcan Aluminium ** 1.80 442 97 0 0 97Outokumpu Stainless ** 1.10 1001 80 11 10 101Eco-Bat Technologies ** 0.42 592 61 24 15 10022 Industrial transportationBAA(now part of Airport Development and Investment) 27.00 2275 99 0 0 99BBA 10.80 1511 40 55 5 100Arval PHH ** 6.48 3004 100 0 0 100Strategic Rail Authority 3.00 2105 100 0 0 100ITIS 1.06 10 99 0 0 99Royal Mail 1.00 9056 100 0 0 10023 Leisure goodsPace Micro Technology 23.98 253 81 9 10 100Sony ** 15.71 2667 96 0 2 98Games Workshop 4.26 115 69 24 7 100General Domestic Appliances ** 3.93 664 100 0 0 100Makita International ** 3.92 419 91 5 4 100Amstrad 2.51 103 92 7 1 100NXT 2.04 3 30 30 40 10024 Life insuranceNo <strong>companies</strong> with sufficient R&D for inclusion25 MediaReed Elsevier 102.00 5166 30 58 12 100Market breadth <strong>by</strong> industry for those of the <strong>top</strong> <strong>800</strong> <strong>UK</strong> <strong>companies</strong> wherecomparable data is available (see notes on pages 248 to 256)——––––––––––––— Market breadth ——––––––––––––—R&D Sales Europe N. America Rest of World TotalCompany £m £m % % % %Punch Graphix 7.93 105 67 28 5 100OFCOM 3.41 145 100 0 0 100Thomson ** 2.30 523 73 18 9 100Trafficmaster 1.52 42 51 49 0 100Thomson Intermedia 0.83 11 93 3 4 100YooMedia 0.79 21 100 0 0 100Knowledge Technology Solutions 0.75 1 100 0 0 100Independent Media Distribution 0.67 4 100 0 0 10026 MiningAnglo American 23.30 17145 46 9 44 99BHP Billiton 19.22 17234 33 7 60 100Rio Tinto 11.65 11086 21 22 57 10027 Mobile telecommunicationsInmarsat 10.78 286 48 31 20 99O2 (now part of Telefonica, Spain) 8.00 6683 100 0 0 1002 ergo 0.46 23 99 0 0 9928 Nonequity <strong>investment</strong> instrumentsNo <strong>companies</strong> with sufficient R&D for inclusion29 Nonlife insuranceNo <strong>companies</strong> with sufficient R&D for inclusion30 Oil & gas producersBP 292.40 145308 43 40 17 100Total ** 2.92 12205 99 0 0 99ChevronTexaco ** 1.40 9367 98 0 0 98Tecteon 0.75 0 31 69 0 10031 Oil equipment, services & distributionVetco † 3.27 372 61 18 21 100Hunting 0.70 1522 8 92 0 10032 Personal goodsSSL International 8.20 451 73 7 20 100Umbro 3.94 123 91 0 4 95PZ Cussons 3.37 480 44 0 56 100Accantia 0.89 78 84 0 16 100Swallowfield 0.69 44 98 1 1 100Pittards 0.65 62 44 6 50 10033 Pharmaceuticals & biotechnologyGlaxoSmithKline 3136.00 21660 32 46 23 101Merck Sharp & Dohme ** 90.68 386 78 17 5 100Merial 88.30 1152 37 43 20 100Novartis Pharmaceuticals ** 58.57 293 100 0 0 100Cambridge Antibody (now part of AstraZeneca) 39.17 194 1 3 97 101Janssen-Cilag ** 34.59 214 100 0 0 100Acambis 34.50 41 4 96 0 100Organon Laboratories ** 31.49 102 100 0 0 100Vernalis 26.49 14 41 59 0 100SkyePharma 26.00 61 78 14 8 100ProStrakan 22.43 32 99 0 0 99Warner Chilcott(now Chilcott)(now part of Warner Acquisition) 15.72 305 4 94 0 98OSI Pharmaceticals ** 15.64 16 0 100 0 100Boehringer Ingelheim ** 15.59 178 100 0 0 100Xenova(now part of Celtic Pharma Development) 14.28 5 41 59 0 100Ark <strong>The</strong>rapeutics 13.94 2 98 0 0 98Astex <strong>The</strong>rapeutics 12.59 4 79 17 5 101Innovata 10.37 16 79 9 12 100GW Pharmaceuticals 10.28 3 0 100 0 10052 <strong>The</strong> <strong>2006</strong> R&D Scoreboard<strong>The</strong> <strong>2006</strong> R&D Scoreboard 53
Market breadth <strong>by</strong> industry for those of the <strong>top</strong> <strong>800</strong> <strong>UK</strong> <strong>companies</strong> wherecomparable data is available (see notes on pages 248 to 256)——––––––––––––— Market breadth ——––––––––––––—R&D Sales Europe N. America Rest of World TotalCompany £m £m % % % %Vectura 10.21 4 98 1 1 100Hikma Pharmaceuticals 9.62 153 8 50 42 100Microscience (now Microscience Investments) 9.60 0 100 0 0 100Oxford Biomedica 9.33 1 6 94 0 100Axis-Shield 8.97 58 69 22 10 101Genus 8.54 183 72 13 14 99Sanofi-Synthelabo ** 8.51 237 97 0 2 99BTG 8.10 50 12 85 3 100Servier ** 7.81 9 100 0 0 100Novo Nordisk ** 6.97 64 100 0 0 100Phy<strong>top</strong>harm 6.86 7 46 0 54 100Protherics 6.75 18 9 91 0 100Genzyme ** 6.56 101 80 19 1 100Daiichi Pharmaceuticals ** 5.70 6 0 100 0 100Allergy <strong>The</strong>rapeutics 5.62 21 92 7 2 101Evolutec 5.35 0 0 100 0 100CeNeS Pharmaceuticals 4.89 0 0 100 0 100Amarin 4.84 0 0 100 0 100Ardana 4.01 0 100 0 0 100Ferring Laboratories ** 3.82 48 100 0 0 100Forum Bioscience ** 3.35 120 97 0 0 97Pharmagene (now Asterand) 3.14 3 36 58 6 100Proteome Sciences 3.13 0 100 0 0 100Otsuka Pharmaceutical ** 3.10 64 100 0 0 100Phoqus 2.50 0 39 61 0 100ReNeuron Holdings * 2.40 0 100 0 0 100Merck ** 2.37 45 100 0 0 100BioFocus † 2.23 12 57 41 2 100Osmetech 2.13 6 20 46 34 100Sequenom-Gemini ** 1.95 0 17 83 0 100BioProgress 1.90 4 3 97 0 100Tepnel Life Sciences 1.74 14 54 30 15 99SR Pharma 1.66 1 77 6 17 100Provalis 1.60 10 88 10 2 100Dechra Pharmaceuticals 1.33 208 99 0 0 99Respironics Respiratory ** 1.29 2 6 94 0 100ALTANA Pharma ** 1.22 20 100 0 0 100UCB Pharma ** 1.09 46 74 26 0 100Cephalon ** 1.05 12 100 0 0 100Acacia Biopharma ** 0.96 19 98 0 0 98Micap 0.95 0 100 0 0 100Serono ** 0.93 39 100 0 0 100Stem Cell Sciences 0.84 1 1 0 99 100Eirx <strong>The</strong>rapeutics 0.82 0 100 0 0 100ReGen <strong>The</strong>rapeutics 0.75 0 100 0 0 100Drew Scientific(now part of Escalon Medical, USA) 0.73 9 16 59 24 99Cyprotex 0.72 3 71 28 1 100Sareum 0.70 0 86 14 0 100Medical Marketing International 0.59 0 100 0 0 100Sinclair Pharma 0.54 7 65 33 2 100Orchid Biosciences Europe(now Orchid Cellmark) ** 0.47 14 94 5 1 100Cytomyx 0.44 6 78 14 8 10034 Real estateNo <strong>companies</strong> with sufficient R&D for inclusion35 Software & computer servicesMisys 89.70 985 56 37 7 100Amdocs 84.14 1187 24 68 8 100Sage 81.61 777 51 41 9 101iSOFT 18.28 262 94 0 6 100RM 16.81 263 99 0 1 100Intec Telecom Systems 16.51 116 34 36 30 100Autonomy 12.77 56 38 58 4 100Market breadth <strong>by</strong> industry for those of the <strong>top</strong> <strong>800</strong> <strong>UK</strong> <strong>companies</strong> wherecomparable data is available (see notes on pages 248 to 256)——––––––––––––— Market breadth ——––––––––––––—R&D Sales Europe N. America Rest of World TotalCompany £m £m % % % %Northgate Information Solutions 12.76 206 98 1 1 100NSB 12.69 48 3 97 0 100Royalblue 10.53 74 54 32 14 100Anite 10.16 189 82 6 12 100SCI Entertainment † 10.13 21 40 47 13 100DICOM 9.89 180 79 18 4 101Fair Isaac ** † 9.42 55 35 58 8 101Empire Interactive 8.43 29 57 41 2 100SurfControl 7.55 57 29 61 10 100Cramer Systems 6.38 39 76 19 5 100Ubiquity Software 6.30 7 21 63 16 100Microgen 6.16 41 91 0 7 98Superscape 5.92 4 17 80 3 100Macro 4 5.17 33 66 32 1 99MessageLabs 5.15 75 93 11 2 106Clearswift Systems 4.41 24 66 17 17 100SDL 3.88 78 42 52 6 100StatPro 3.71 11 75 16 9 100Detica 3.65 102 94 6 0 100AIT (now Portrait Software) 3.61 14 72 24 5 101TTP 3.36 22 70 23 6 99Transitive 3.34 1 0 100 0 100Alphameric 2.88 73 100 0 0 100Comino (now part of Civica) 2.84 26 100 0 0 100nCipher 2.84 17 48 40 11 99Pilat Media <strong>Global</strong> 2.66 13 30 60 10 100Kewill Systems 2.46 27 35 65 0 100PlusNet 2.45 35 100 0 0 100XKO 2.42 28 100 0 0 100Workplace Systems International 2.26 8 90 5 5 100Flomerics 2.21 11 39 40 21 100Recognition Systems (now Protagona) ** 2.08 1 76 19 4 99Newchurch 2.07 6 100 0 0 100Tadpole Technology 1.98 9 67 19 14 100Ant 1.96 3 52 13 36 101ClinPhone 1.94 34 26 66 8 100DRS Data & Research Services 1.72 12 65 0 30 95Vebnet 1.66 3 100 0 0 100Gresham Computing 1.61 14 71 18 11 100IBS OPENSystems † 1.61 21 100 0 0 100OMG 1.61 14 19 58 23 100Clarity Commerce Solutions 1.60 16 88 11 1 100Electronic Data Processing 1.60 7 96 2 0 98ASITE 1.56 2 100 0 0 100VI 1.45 10 61 13 27 101EasyScreen (now Refco Screens) 1.38 2 97 3 0 100Corpora 1.36 2 88 12 0 100Empower Interactive 1.35 6 46 0 54 100Mediasurface 1.25 7 92 8 0 100System C Healthcare 1.19 18 100 0 0 100AppSense 1.17 9 78 14 7 99FFastFill 1.12 4 84 16 0 100IDOX 1.11 14 100 0 0 100Financial Objects 1.10 14 92 3 5 100Rolfe & Nolan 1.10 24 54 41 5 100Z Group 1.05 5 86 6 7 99Civica 1.04 106 85 3 12 100Prologic 1.03 10 100 0 0 100ServicePower Technologies 1.02 8 22 78 0 100Sopheon 1.01 5 42 58 0 100Manpower Software 0.96 6 83 16 0 99Business Control Solutions 0.90 8 100 0 0 100Focus Solutions 0.89 5 99 0 0 99Clinical Computing 0.88 2 24 76 0 100IQ-Ludorum 0.84 2 2 98 0 100Zoo Digital † 0.84 10 96 0 0 9654 <strong>The</strong> <strong>2006</strong> R&D Scoreboard<strong>The</strong> <strong>2006</strong> R&D Scoreboard 55
Market breadth <strong>by</strong> industry for those of the <strong>top</strong> <strong>800</strong> <strong>UK</strong> <strong>companies</strong> wherecomparable data is available (see notes on pages 248 to 256)——––––––––––––— Market breadth ——––––––––––––—R&D Sales Europe N. America Rest of World TotalCompany £m £m % % % %DCS 0.80 35 95 5 1 101Intercede 0.78 2 92 2 6 100Computer Software 0.75 14 100 0 0 100Consilium 0.75 7 100 0 0 100OneClickHR 0.75 5 98 0 0 98Total Systems 0.64 3 100 0 0 100Mirago 0.61 5 100 0 0 100Raft International(now part of Financial Objects) 0.59 8 75 22 3 100Patsystems 0.54 15 32 35 32 99Chelford 0.53 14 98 0 0 98Birchfield Interactive 0.52 2 100 0 0 100Telephonetics 0.44 4 100 0 0 100Intelligent Environments 0.42 3 100 0 0 100Retail Decisions 0.42 55 55 14 31 100GB 0.40 13 100 0 0 100Boltblue 0.38 3 100 0 0 10036 Support servicesVoca 29.25 89 100 0 0 100De La Rue 13.70 611 44 21 35 100Urenco 10.66 502 40 40 20 100Arup 5.34 430 59 15 26 100Generics Group ** 4.41 16 67 32 0 99Ricardo 3.86 160 57 26 17 100SGL † 3.80 105 52 15 33 100Rentokil Initial 3.70 2403 83 12 5 100SHL 3.00 68 69 11 20 100Christie 2.92 78 99 0 0 99WSP 2.67 349 80 10 10 100Eckoh Technologies 2.17 80 100 0 0 100Robotic Technology Systems 1.97 42 84 16 0 100Clarityblue 1.64 22 100 0 0 100Universe 1.48 18 98 0 0 98PA 1.46 324 80 16 4 100Group 4 Securicor 1.40 4170 58 27 15 100Communisis 1.11 265 100 0 0 100Tribal 1.05 260 100 0 0 100Screen (now Petards) 0.91 23 96 0 0 96Enterprise 0.80 512 100 0 0 100Latchways 0.80 28 89 8 2 99Stanley <strong>UK</strong> Acquisition ** 0.51 67 85 3 13 101ILX 0.46 7 96 2 2 100Newmark Security 0.46 12 95 4 1 100Flytxt 0.40 3 90 10 0 10037 Technology hardware & equipmentNokia ** 101.91 1343 99 0 0 99ARM 80.27 232 14 43 43 100Market breadth <strong>by</strong> industry for those of the <strong>top</strong> <strong>800</strong> <strong>UK</strong> <strong>companies</strong> wherecomparable data is available (see notes on pages 248 to 256)——––––––––––––— Market breadth ——––––––––––––—R&D Sales Europe N. America Rest of World TotalCompany £m £m % % % %Motorola ** 78.00 1925 96 1 3 100Spirent (now Spirent Communications) 62.80 465 36 43 21 100Nortel Networks ** 55.40 675 65 5 30 100CSR 35.15 283 11 5 84 100Xerox ** 31.00 2354 93 0 4 97Hewlett-Packard ** 30.79 3036 99 1 0 100TTP Communications 29.50 62 10 16 74 100Cisco Systems ** 21.96 295 100 0 0 100Imagination Technologies 20.65 35 67 14 19 100Fujitsu Telecom ** 15.14 183 99 0 1 100Psion 12.00 169 55 33 12 100Avaya ** 10.75 121 97 0 0 97Surrey Satellite Technology 8.40 25 54 30 16 100EADS Astrium ** 8.25 456 97 0 1 98Plasmon 8.06 40 38 62 0 100ARC International 6.53 10 28 64 8 100Radstone Technology 6.11 50 35 58 7 100Vislink 6.00 85 21 49 30 100NEC Europe ** 5.49 1055 100 0 0 100Zetex 5.45 57 32 21 46 99CML Microsystems 5.12 26 49 10 41 100ClearSpeed Technology 4.65 0 28 55 17 100National Semiconductor ** 4.22 263 77 0 23 100Surface Technology Systems 2.88 19 18 35 48 101Amino Technologies 2.81 23 42 47 11 100bede 2.49 7 44 42 14 100Intelek 1.87 35 76 17 8 101STMicroelectronics ** 1.61 15 100 0 0 100Remec Europe ** † 1.49 33 98 0 0 98Celoxica 1.28 4 30 35 35 100i-mate 1.03 120 36 3 61 100Scotty 0.69 4 48 37 15 100Azzurri Communications 0.55 82 100 0 0 100IQE 0.50 21 18 59 23 100Tower 0.38 6 0 100 0 10038 TobaccoNo <strong>companies</strong> with sufficient R&D for inclusion39 Travel & leisureJordan Grand Prix (now Midland F1) 12.40 33 100 0 0 100888 6.59 158 37 55 8 100BETonSports 2.56 736 0 93 7 100Fun Technologies (now part of Liberty) 1.66 14 0 100 0 100PartyGaming 1.28 569 8 90 2 100Leisure Link 1.24 163 100 0 0 100ebookers (now part of Cendant) 0.79 75 97 0 0 97Vanguard Car Rental EMEA ** 0.79 270 100 0 0 100Civil Aviation Authority 0.53 172 100 0 0 10056 <strong>The</strong> <strong>2006</strong> R&D Scoreboard<strong>The</strong> <strong>2006</strong> R&D Scoreboard 57
Ranking of the <strong>top</strong> <strong>800</strong> <strong>UK</strong> <strong>companies</strong> <strong>by</strong> R&D intensity within listing statusye of–– 2005/06 R&D <strong>investment</strong> –– –– 2005/06 R&D <strong>investment</strong> –– –– 2005/06 R&D <strong>investment</strong> ––sales sales salesCompany £m % Company £m % Company £m %1 FTSE 100 11484.58 1.5Shire 167.26 18.0GlaxoSmithKline 3136.00 14.5AstraZeneca 1968.20 14.1BAE Systems 1449.00 13.2Sage 81.61 10.5Rolls-Royce 352.00 5.3Reuters 121.00 5.0Smith & Nephew 67.00 4.8Smiths 143.60 4.8BT 727.00 3.7ICI 147.00 2.5Unilever 654.80 2.4Reed Elsevier 102.00 2.0Royal & Sun Alliance 122.00 1.9Reckitt Benckiser 63.00 1.5Royal Bank of Scotland 329.00 1.3Standard Chartered 51.26 1.3BOC 43.20 1.2Johnson Matthey 58.80 1.2Alliance & Leicester 12.20 0.9Cadbury Schweppes 58.00 0.8BAT 66.00 0.7Corus 66.00 0.7HSBC 244.64 0.7British Energy † 4.00 0.6Rexam 21.00 0.6Tate & Lyle 21.00 0.6Vodafone 206.00 0.6Barclays 68.00 0.4Boots (now Alliance Boots) 16.10 0.3GUS 22.00 0.3Old Mutual 40.00 0.3Tesco 115.00 0.3BP 292.40 0.2Diageo 16.00 0.2International Power 3.00 0.2PartyGaming 1.28 0.2Rentokil Initial 3.70 0.2Royal Dutch Shell 342.50 0.2Severn Trent 3.90 0.2Anglo American 23.30 0.1BG 7.00 0.1BHP Billiton 19.22 0.1Kelda 0.90 0.1National Grid 7.00 0.1Rio Tinto 11.65 0.1SABMiller 4.66 0.1United Utilities 1.90 0.1Hanson 1.10
Ranking of the <strong>top</strong> <strong>800</strong> <strong>UK</strong> <strong>companies</strong> <strong>by</strong> R&D intensity within listing status–– 2005/06 R&D <strong>investment</strong> –– –– 2005/06 R&D <strong>investment</strong> –– –– 2005/06 R&D <strong>investment</strong> ––sales sales salesCompany £m % Company £m % Company £m %SDL 3.88 4.9Biotrace International 1.36 4.6Hampson Industries 4.83 4.6Innovation 2.72 4.5Ferraris 2.43 4.4SHL 3.00 4.4Domino Printing Sciences 8.30 4.3Bespak 3.18 4.0Vitec 7.80 4.0Alphameric 2.88 3.9Avon Rubber 9.14 3.8Games Workshop 4.26 3.7XP Power 2.60 3.7Detica 3.65 3.6Trafficmaster 1.52 3.6Huntleigh Technology 6.33 3.2Umbro 3.94 3.2GB 0.40 3.1Latchways 0.80 2.9Titon 0.48 2.9Chemring 3.75 2.8Zotefoams 0.78 2.8Devro 4.15 2.7Lincat 0.94 2.7Celsis International 0.50 2.6Amstrad 2.51 2.5Chloride 4.53 2.5Ricardo 3.86 2.4Senior 7.70 2.3Wagon 8.80 2.1Yule Catto 10.52 1.9AEA Technology 3.40 1.8Scapa 3.40 1.8Elementis 6.20 1.6600 Group 1.02 1.5James Cropper 0.97 1.5Patientline 0.82 1.5TT electronics 8.70 1.5Foseco 4.90 1.3Jazztel 2.09 1.3Kiln 3.77 1.0Molins 1.20 1.0Renold 1.90 1.0API 1.06 0.9McBride 4.50 0.8Retail Decisions 0.42 0.8WSP 2.67 0.8Fenner 2.09 0.7Low & Bonar 1.65 0.7Volex 1.79 0.7Alumasc 0.68 0.6Beazley 3.60 0.6Dechra Pharmaceuticals 1.33 0.6Manganese Bronze 0.47 0.5Communisis 1.11 0.4Tribal 1.05 0.4Melrose 0.80 0.3Enterprise 0.80 0.2Eircom 0.69 0.1Alizyme 15.75 n/aGeneMedix 2.33 n/a4 AIM <strong>UK</strong> 50 26.70 4.4Ceres Power 2.32 >999.9Torex Retail 12.62 7.5Genus 8.54 4.7Hamworthy 1.25 0.9i-mate 1.03 0.9ITM Power 0.93 n/a5 AIM 258.17 8.5Futura Medical 1.54 >999.9Evolutec 5.35 >999.9Plethora Solutions 4.55 >999.9Proteome Sciences 3.13 >999.9MicroEmissive Displays 0.94 >999.9CeNeS Pharmaceuticals 4.89 >999.9Lombard Medical Technologies 3.16 >999.9Cyan 0.50 >999.9Eirx <strong>The</strong>rapeutics 0.82 >999.9Zi Medical 1.31 >999.9ClearSpeed Technology 4.65 >999.9Phoqus 2.50 912.8ReGen <strong>The</strong>rapeutics 0.75 642.2CustomVis 0.88 585.4Pursuit Dynamics 0.47 522.2AorTech International 0.65 477.4Newport Networks 4.72 467.5Tecteon 0.75 331.3GW Pharmaceuticals 10.28 330.4SR Pharma 1.66 325.9Micap 0.95 295.3Medical Marketing International 0.59 292.5Servocell 0.59 281.8Synairgen 0.56 275.7Genosis 0.58 264.4Axeon 0.57 235.0Sareum 0.70 212.0Vastox 1.03 193.2Surface Transforms 0.47 183.3D1 Oils 0.58 139.4Block Shield † 1.52 130.2Corac 0.97 116.5ASITE 1.56 102.2Stem Cell Sciences 0.84 98.7SPI Lasers 2.96 85.4NextGen 0.86 85.0Ubiquity Software 6.30 84.5Ant 1.96 78.1Oxonica 0.97 77.5AeroBox 0.40 76.5Corpora 1.36 70.2Knowledge Technology Solutions 0.75 60.1Vebnet 1.66 51.1IQ-Ludorum 0.84 47.0ADVFN 1.54 46.6Intercede 0.78 43.1BioProgress 1.90 43.0IndigoVision 1.45 40.1Innovision Research & Technology 0.63 38.1Osmetech 2.13 36.5StatPro 3.71 34.4Mediwatch 0.55 31.2Celoxica 1.28 29.9Workplace Systems International 2.26 29.5Freeplay Energy 0.53 29.4PipeHawk 0.40 28.9Empire Interactive 8.43 28.6Delcam 6.51 27.7Allergy <strong>The</strong>rapeutics 5.62 27.3Cyprotex 0.72 26.7FFastFill 1.12 25.9AIT (now Portrait Software) 3.61 25.3Sopheon 1.01 21.6Z Group 1.05 21.1Pilat Media <strong>Global</strong> 2.66 20.4Flomerics 2.21 19.4Ascribe 0.99 18.4Ingenta 1.21 18.4Mediasurface 1.25 18.4Scotty 0.69 16.9World Gaming 1.60 16.9COE 0.90 16.8Focus Solutions 0.89 16.4Manpower Software 0.96 16.2OneClickHR 0.75 15.7Cozart 0.72 15.2Alliance Pharma † 2.22 15.1Surface Technology Systems 2.88 15.0Bond International Software 2.01 14.4VI 1.45 14.2Synchronica 0.42 13.7Appian Technology 0.39 13.5Intelligent Environments 0.42 13.5Datong Electronics 0.84 13.0Immunodiagnostic Systems 0.70 12.8Tepnel Life Sciences 1.74 12.8Tissue Science Laboratories 1.30 12.8CODASciSys 8.80 12.1Amino Technologies 2.81 12.0LiDCO 0.39 11.3OMG 1.61 11.3Concurrent Technologies 1.18 11.0Business Control Solutions 0.90 10.9Genetix 1.29 10.7Prologic 1.03 10.6ITIS 1.06 10.5Telephonetics 0.44 10.0Clarity Commerce Solutions 1.60 9.8KBC Advanced Technologies 2.60 9.1Advanced Medical Solutions 1.15 8.9XKO 2.42 8.7Feedback 0.78 8.5Zoo Digital † 0.84 8.3Universe 1.48 8.2Financial Objects 1.10 7.9IDOX 1.11 7.8Sinclair Pharma 0.54 7.8Cytomyx 0.44 7.7IBS OPENSystems † 1.61 7.7Punch Graphix 7.93 7.5Thomson Intermedia 0.83 7.4PlusNet 2.45 7.0Planit 1.95 6.9ILX 0.46 6.7Tower 0.38 6.7System C Healthcare 1.19 6.5Abcam 0.74 6.1Minorplanet Systems 1.30 5.9ClinPhone 1.94 5.7Polaron 1.02 5.4Computer Software 0.75 5.360 <strong>The</strong> <strong>2006</strong> R&D Scoreboard <strong>The</strong> <strong>2006</strong> R&D Scoreboard 61
Ranking of the <strong>top</strong> <strong>800</strong> <strong>UK</strong> <strong>companies</strong> <strong>by</strong> R&D intensity within listing status–– 2005/06 R&D <strong>investment</strong> –– –– 2005/06 R&D <strong>investment</strong> –– –– 2005/06 R&D <strong>investment</strong> ––sales sales salesCompany £m % Company £m % Company £m %Robotic Technology Systems 1.97 4.7Telit Communications 2.69 4.5ID Data 0.86 4.4Applied Optical 1.08 4.3Screen (now Petards) 0.91 4.0Gooch & Housego 0.87 3.9Christie 2.92 3.8Newmark Security 0.46 3.8YooMedia 0.79 3.7Chelford 0.53 3.6Patsystems 0.54 3.5Eckoh Technologies 2.17 2.7Eleco 1.25 2.6Inter Link Foods 2.53 2.6FW Thorpe 1.03 2.5Dewhurst 0.73 2.4IQE 0.50 2.42 ergo 0.46 2.0Hydro International 0.37 2.0LTG Technologies 1.03 2.0Elektron 0.40 1.8Swallowfield 0.69 1.6James Halstead 1.62 1.4Character 1.14 1.2Civica 1.04 1.0Pittards 0.65 1.0Get 0.49 0.6BETonSports 2.56 0.3Antonov 2.20 n/aBright Things † 1.23 n/aIDMos 0.99 n/aIntercytex 5.61 n/aNMT 0.44 n/aZincox Resources 1.91 n/a6 Ofex 0.64 1.7Exchem ** 0.64 1.77 Unlisted 5195.11 2.0ReNeuron Holdings * 2.40 >999.9Microscience (now Microscience Investments) 9.60 >999.9Solexa 3.97 >999.9ITI Scotland 4.34 >999.9Ocean Power Delivery 2.51 >999.9Sequenom-Gemini ** 1.95 834.6Smart Holograms 0.96 559.9Xenova (now part of Celtic Pharma Development) 14.28 312.8Astex <strong>The</strong>rapeutics 12.59 312.3Transitive 3.34 275.6Intelligent Energy 6.78 272.4Recognition Systems (now Protagona) ** 2.08 178.3Cambridge Display Technology ** 8.70 126.8Microsulis 3.94 106.1Daiichi Pharmaceuticals ** 5.70 100.0Dainippon Sumitomo Pharma Europe ** 3.16 100.0OSI Pharmaceticals ** 15.64 100.0Servier ** 7.81 89.9Toshiba Research Europe ** 6.43 72.0EasyScreen (now Refco Screens) 1.38 62.3Meridio 3.93 61.0Respironics Respiratory ** 1.29 56.1Free Radical Design 1.57 52.7Eisai ** 34.32 50.7Pelikon 0.48 47.5Symbian 54.48 47.5Zytek * 3.28 40.3Jordan Grand Prix (now Midland F1) 12.40 37.8Newchurch 2.07 36.8Pfizer ** 350.48 35.8Lubrizol ** 24.09 34.6Surrey Satellite Technology 8.40 33.3Voca 29.25 32.8Transeda Technology ** 0.49 31.6Argo Interactive 1.19 30.8Organon Laboratories ** 31.49 30.8Evolution Studios 1.65 28.4Generics Group ** 4.41 28.2Trikon (now Aviza Europe) ** 4.71 26.3Adeptra 0.68 26.0Randox Laboratories 7.65 23.7Birchfield Interactive 0.52 23.5Merck Sharp & Dohme ** 90.68 23.5Empower Interactive 1.35 22.9Bayer Agriculture ** 1.69 20.8Cambridge Antibody (now part of AstraZeneca) 39.17 20.2Novartis Pharmaceuticals ** 58.57 20.0Zarlink Semiconductor ** 16.11 20.0Thomas Swan 5.32 19.5Clearswift Systems 4.41 18.2BioFocus † 2.23 18.0Fair Isaac ** † 9.42 17.2Roche ** 101.02 17.2Lifescan Scotland ** 23.49 17.0Witness Systems ** 4.07 16.9Airbus ** 343.00 16.6Cramer Systems 6.38 16.3Janssen-Cilag ** 34.59 16.2Tertio Telecoms (now Evolving Systems) ** 2.13 15.8Syngenta ** 72.00 15.2TTP 3.36 15.0Generics <strong>UK</strong> ** 14.34 14.7Goodrich Controls ** 52.20 14.6Searchspace 2.30 14.4Boltblue 0.38 14.0Visteon ** 53.00 13.9AppSense 1.17 13.8Imparta 0.44 13.8Systems Union 14.17 12.5Crompton ** 2.50 12.4Fun Technologies (now part of Liberty) 1.66 12.1Messier-Dowty ** 21.68 11.5Flytxt 0.40 11.4Videojet Technologies ** 3.22 11.4Mirago 0.61 11.3Avecia * 45.40 11.1Comino (now part of Civica) 2.84 11.1Consilium 0.75 10.9Novo Nordisk ** 6.97 10.9Agilent Technologies ** 34.64 10.8STMicroelectronics ** 1.61 10.6Linn Products 3.37 10.5Honeywell Analytics ** 1.88 9.7Technolog 0.87 9.6GEAC ** 7.45 9.5Pro-Bel ** 1.55 9.2Cephalon ** 1.05 9.0Avaya ** 10.75 8.9Pole Star Space Applications 0.41 8.8Boehringer Ingelheim ** 15.59 8.7LDV 10.07 8.4Drew Scientific (now part of Escalon Medical, USA) 0.73 8.3Fujitsu Telecom ** 15.14 8.3Nortel Networks ** 55.40 8.2Akzo Nobel Nippon Paint ** 1.91 8.1Ferring Laboratories ** 3.82 8.0LEAR ** 11.64 8.0Merial 88.30 7.7Nokia ** 101.91 7.6CA-MC Acquisition ** 2.48 7.5Cisco Systems ** 21.96 7.4Philips Electronics ** 53.50 7.4Clarityblue 1.64 7.3Raft International (now part of Financial Objects) 0.59 7.3Bristol-Myers Squibb ** 29.11 7.1Coherent ** 1.09 7.1Eli Lilly ** 139.82 7.0Ford ** 689.00 6.9MessageLabs 5.15 6.9Land Rover ** 231.80 6.8TRL Electronics 1.47 6.6Genzyme ** 6.56 6.5Redac * 4.21 6.5Marlborough Stirling (now Vertex Financial Services) 5.97 6.4Aviagen ** 10.87 6.3Dow Trent ** 3.32 6.2First Technology (now part of Honeywell Acquisitions) 10.20 6.2Linx Printing Technologies (now part of Danaher, USA) ** 3.24 6.2ALTANA Pharma ** 1.22 6.1IVAX (now part of Teva Pharmaceutical Industries, Israel) ** 8.65 6.0Amersham (now GE Healthcare) ** † 85.71 5.9Delphi Diesel Systems ** 17.12 5.8Seton House 26.70 5.8MacDermid ** 1.20 5.6Afton Chemical ** 10.27 5.5lastminute.com (now part of Sabre, USA) ** 23.62 5.4Merck ** 2.37 5.2Warner Chilcott(now Chilcott)(now part of Warner Acquisition) 15.72 5.2Acacia Biopharma ** 0.96 5.1Kohler ** 5.68 5.1Sygen International (now part of Genus) 6.80 5.1Alstom ** 28.27 4.9Otsuka Pharmaceutical ** 3.10 4.9Norbrook Laboratories 3.97 4.8Dyson James 19.42 4.6Remec Europe ** † 1.49 4.6Rolfe & Nolan 1.10 4.6American Home Products ** 33.89 4.5Napp Pharmaceutical 5.49 4.5Akzo Nobel Powder Coatings ** 1.51 4.3JCB Compact Products 6.66 4.3Sira 0.44 4.3Motorola ** 78.00 4.1Dana Investments ** 10.57 3.9Martin-Baker (Engineering) 4.43 3.8Bayer CropScience ** 6.98 3.6Sanofi-Synthelabo ** 8.51 3.6SGL † 3.80 3.6Thor Overseas * 0.37 3.6Epichem 0.66 3.5Robinson Brothers 0.81 3.562 <strong>The</strong> <strong>2006</strong> R&D Scoreboard <strong>The</strong> <strong>2006</strong> R&D Scoreboard 63
Ranking of the <strong>top</strong> <strong>800</strong> <strong>UK</strong> <strong>companies</strong> <strong>by</strong> R&D intensity within listing status–– 2005/06 R&D <strong>investment</strong> –– –– 2005/06 R&D <strong>investment</strong> –– –– 2005/06 R&D <strong>investment</strong> ––sales sales salesCompany £m % Company £m % Company £m %Sporting Exchange 3.78 3.5Trelleborg Automotive ** 2.15 3.5Cadence Design Systems ** 0.83 3.4Calsonic Kansei Europe ** 7.19 3.4Sony Computer Entertainment Europe ** 45.66 3.4Dunlop Aircraft Tyres ** 0.50 3.3Dynea Aycliffe ** 0.48 3.3Evotec ** 1.13 3.3Orchid Biosciences Europe (now Orchid Cellmark) ** 0.47 3.3Short Brothers ** 15.52 3.3Sunrise Medical ** † 1.53 3.3Tritrax 1.75 3.3Certegy ** 2.08 3.2Alstom Controls ** 1.89 3.1Moog Controls ** 1.04 3.1AMS (now BAE Systems Integrated System) ** 14.49 3.0B Elliott 1.60 2.9Rhodia ** 4.15 2.9Forum Bioscience ** 3.35 2.8International Paint ** 4.60 2.8Sun Chemical ** 8.74 2.8Yamanouchi (now Astellas Pharma Europe) ** 8.33 2.8BWI ** 0.86 2.7Deutsch ** 0.67 2.7Endress + Hauser ** 1.21 2.7Herman Miller ** 1.82 2.7Respironics ** 0.47 2.7Automotive Holdings ** 70.10 2.6Crown ** 17.20 2.6European Colour 0.71 2.6Cambridge Laboratories * 0.43 2.5Fuji Photo Film ** 16.22 2.5Baker Hughes ** 9.49 2.4JCB Service ** 26.79 2.4Lotus ** 3.92 2.4Serono ** 0.93 2.4UCB Pharma ** 1.09 2.4British Nuclear Fuels (now British Nuclear Group Sellafield) 55.00 2.3Clariant (Holdings) ** 5.15 2.3DCS 0.80 2.3Kerry Ingredients ** 5.28 2.3OFCOM 3.41 2.3Avery Weigh-Tronix 3.37 2.2Castledon 0.65 2.1Octel International (now Innospec International) ** 6.41 2.1Siemens ** 63.70 2.1Urenco 10.66 2.1Yamanouchi Pharma (now Astellas Pharma) ** 0.73 2.1Ciba Specialty Chemicals ** 8.86 2.0CNH ** 17.39 2.0Cognis Performance Chemicals (now Cognis) ** 1.38 2.0Domnick Hunter (now part of Parker Hannifin, USA) 3.12 2.0Glen Electric 13.76 2.0Kodak ** 8.60 2.0Sharp Electronics ** 7.07 2.0Zortech International 1.26 2.0Chalkfree † 1.52 1.9Schlumberger ** 9.36 1.9Tremco (now Tremco Illbruck Production) ** 0.56 1.9Caterpillar ** 35.43 1.8EADS Astrium ** 8.25 1.8Fujisawa ** 0.60 1.8Fujitsu Services ** 40.60 1.8JohnsonDiversey ** 3.12 1.8Luxfer 4.10 1.8NIC ** 1.87 1.8Norcros 3.60 1.8Novar (now part of Honeywell Acquisitions) 26.20 1.8Ultraframe 1.75 1.8Cooper Industries ** 2.58 1.7Kidde ** 17.00 1.7Johnson & Johnson ** 15.00 1.6Linde Material Handling ** 4.10 1.6National Semiconductor ** 4.22 1.6Tessenderlo Fine Chemicals ** 0.44 1.6Akcros Chemicals ** 0.44 1.5Baxi 11.74 1.5Samsung Electronics ** 29.74 1.5Akzo Nobel Decorative Coatings ** 2.75 1.4Borden International ** 1.13 1.4Cardinal Health ** 4.89 1.4Channel Four Television 12.10 1.4Innovia Films † 0.92 1.4Sumitomo Electric Wiring Systems ** 3.38 1.4Thales Optronics ** 1.51 1.4Westland Helicopters ** 12.57 1.4Crane ** 1.61 1.3Denso Manufacturing ** 2.61 1.3Effem (aka Mars) ** 26.32 1.3IMERYS Minerals ** 3.84 1.3Jeyes 2.19 1.3McCormick ** 5.76 1.3Robert Bosch Investment ** 3.00 1.3Saint-Gobain Abrasives ** 0.92 1.3Xerox ** 31.00 1.3Zimmer ** 1.58 1.3Arup 5.34 1.2BAA(now part of Airport Development and Investment) 27.00 1.2Cooper Tyre & Rubber ** 2.91 1.2GD First ** 1.08 1.2Lucite International 9.00 1.2TI Automotive ** 18.50 1.2Accantia 0.89 1.1AVX ** 3.49 1.1Body Shop International (now part of L'Oreal) 4.60 1.1Eaton ** 3.41 1.1ebookers (now part of Cendant) 0.79 1.1Great Lakes Europe ** 1.46 1.1Marine Harvest ** 0.82 1.1Waterford Wedgwood ** 4.60 1.1ABB ** 4.26 1.0Acetate Products ** 1.22 1.0AGCO International ** 22.79 1.0Hewlett-Packard ** 30.79 1.0NGC ** 1.10 1.0BASF ** 3.08 0.9Brintons 0.80 0.9Doncasters 3.34 0.9Makita International ** 3.92 0.9McCormick Tractors International ** 1.45 0.9Nufarm ** 1.86 0.9Pilkington (now part of NSG <strong>UK</strong> Enterprises) 22.00 0.9RWE Npower ** 4.00 0.9Tennants 1.95 0.9United Biscuits ** 10.80 0.9Vetco † 3.27 0.9Abbott ** 5.61 0.8Albion Automotive ** 0.55 0.8Bombardier Transportation ** 8.37 0.8Carmelite Capital 2.50 0.8Digital Appliance Controls ** 3.35 0.8Leisure Link 1.24 0.8Marley Building Materials (now Hanson <strong>The</strong>rmalite) ** 1.20 0.8MBDA ** 7.20 0.8Panasonic Europe ** 28.52 0.8Ronseal ** 0.38 0.8Stanley <strong>UK</strong> Acquisition ** 0.51 0.8Textron ** 3.24 0.8Tioxide ** 23.90 0.8Arjo Wiggins ** 0.50 0.7Azzurri Communications 0.55 0.7Hazlewood Grocery ** 1.10 0.7Mesco ** 2.69 0.7Steinhoff <strong>UK</strong> Beds ** 0.38 0.7TATA TEA ** 1.30 0.7Amtico 0.49 0.6Bernard Matthews 2.60 0.6General Domestic Appliances ** 3.93 0.6Heinz ** 11.00 0.6ITW ** 2.50 0.6McCain Foods ** 1.77 0.6McKechnie Aerospace * 1.10 0.6Moneysupermarket.com Financial 0.38 0.6Nationwide 9.50 0.6SKF ** 0.70 0.6Sony ** 15.71 0.6Gartland Whalley and Barker 0.78 0.5Hoover ** 0.83 0.5Kenwood ** 0.73 0.5Kerry Foods ** 2.23 0.5Kraft Foods ** 3.48 0.5NEC Europe ** 5.49 0.5NSK ** 2.72 0.5PA 1.46 0.5Pirelli ** 5.01 0.5Schneider Electric ** 1.36 0.5Sequa ** 0.94 0.5Trelleborg Sealing Solutions ** 0.52 0.5Ardagh Glass * 0.71 0.4BBC 16.20 0.4British Alcan Aluminium ** 1.80 0.4British Vita (now part of TPG Spring) 3.40 0.4Dennis Eagle ** 0.49 0.4EVC International (now Ineos Vinyls) * 3.16 0.4INEOS Chlor 1.36 0.4Kalon (now SigmaKalon) ** 0.86 0.4Latimer (aka Weetabix) ** † 1.13 0.4RWE Thames Water ** 5.80 0.4Thomson ** 2.30 0.4Unipoly 0.80 0.4Alcoa ** 1.51 0.3Beesail (aka Chubb) ** 4.50 0.3Brunner Mond 0.50 0.3Civil Aviation Authority 0.53 0.3Esso ** 28.80 0.3Famco 0.71 0.3Ineos 6.73 0.3Kimberly-Clark ** 5.40 0.3Sony Entertainment ** 2.42 0.3UGG ** 0.38 0.3Vanguard Car Rental EMEA ** 0.79 0.364 <strong>The</strong> <strong>2006</strong> R&D Scoreboard<strong>The</strong> <strong>2006</strong> R&D Scoreboard 65
Ranking of the <strong>top</strong> <strong>800</strong> <strong>UK</strong> <strong>companies</strong> <strong>by</strong> R&D intensity within listing status–– 2005/06 R&D <strong>investment</strong> –– –– 2005/06 R&D <strong>investment</strong> –– –– 2005/06 R&D <strong>investment</strong> ––sales sales salesCompany £m % Company £m % Company £m %Veolia Water ** 0.68 0.3Arval PHH ** 6.48 0.2ASTEC ** 0.68 0.2Barloworld ** 3.64 0.2BMW Manufacturing ** 3.21 0.2BPB (now part of Saint-Gobain, France) ** 5.30 0.2Britannia Soft Drinks * 1.15 0.2Cargill ** 2.45 0.2Chesapeake ** 1.05 0.2Du Pont 0.68 0.2General Dynamics ** 0.93 0.2Golden Acquisition ** 3.86 0.2Harsco Investment ** 1.28 0.2Michelin Tyre ** 1.34 0.2Naiglan 0.46 0.2Redbridge 0.40 0.2Shepherd Building 1.10 0.2Wittington Investments 11.00 0.2Alcan ** 0.40 0.1Alliance UniChem(now part of Alliance Boots) 10.00 0.1Bunge ** 4.82 0.1CE Electric ** 0.50 0.1Coats * 1.22 0.1DaimlerChrysler ** 5.04 0.1E.ON <strong>UK</strong> ** 5.00 0.1Eco-Bat Technologies ** 0.42 0.1EDF Energy ** 3.80 0.1Electrolux ** 0.50 0.1Geest (now part of Bakkavor, Iceland) 1.00 0.1Inbev ** 1.05 0.1John Lewis 5.40 0.1Kellogg ** 1.10 0.1O2 (now part of Telefonica, Spain) 8.00 0.1Outokumpu Stainless ** 1.10 0.1Strategic Rail Authority 3.00 0.1United Dairy Farmers 0.39 0.1Allied Domecq(now part of Pernod Ricard, France) 1.00
Ranking of the <strong>top</strong> <strong>800</strong> <strong>UK</strong> <strong>companies</strong> <strong>by</strong> R&D <strong>investment</strong> <strong>by</strong> ownership and withinsize band <strong>by</strong> sales–––––––––––––––––– 2005/06 R&D <strong>investment</strong> –––––––––––––––––– ——–—–– Operating profit ——–—–– ––––––––––––––––– Sales and employees ––––––––––––––––– ————––—–––—— R&D and employees ——–—––——––––—–––––––––– Sales –––––––––– ––––– Sales / employee ––––– ––––––––– Employees ––––––––– ––––– R&D / employee ––––– Sales––––– Growth ––––– operating R&D + ––––– Growth ––––– ––––– Growth ––––– –––––– Growth ––––– ––––– Growth ––––– –––––– Growth ––––– outside –––Market cap –––change change profit sales capex as change change sales change change change change change change change change region changeCompany £m 1 yr % 4 yr % % % % sales £m 1 yr % 4 yr % % £m 1 yr % 4 yr % £000 1 yr % 4 yr % number 1 yr % 4 yr % £000 1 yr % 4 yr % % £m %All <strong>companies</strong> composite 19228.66 3.9 -0.5 15.1 1.7 7.5 126880 14.1 79.1 11.3 1124076 6.9 20.2 208.5 2.8 16.9 5391973 3.8 3 3.6 -0.2 -13.2 41 n/a n/a1 Listed 13935.92 8 6 12.0 1.6 7.1 116329 14 70 13.5 864459 7 25 216.9 3 17 3985651 5 7 3.5 4 -14 50 1220693 3.82 Private 869.25 9 3 83.9 1.1 13.4 1037 28 n/m 1.4 76034 6 2 112.7 1 11 674523 4 -3 1.3 6 1 n/a n/l n/l3 Nationally owned 63.43 -13 -21 484.3 1.9 7.1 13 -81 -80 0.4 3422 8 -8 80.1 -10 10 42715 20 -16 1.5 -28 -10 n/a n/l n/l4 Foreign owned 4360.05 -9 -17 45.2 2.4 6.9 9502 16 47 5.4 180160 6 8 261.4 7 21 689084 -1 -8 6.3 -8 -4 n/a n/l n/lAll <strong>companies</strong> composite 19228.66 3.9 -0.5 15.1 1.7 7.5 126880 14.1 79.1 11.3 1124076 6.9 20.2 208.5 2.8 16.9 5391973 3.8 3 3.6 -0.2 -13.2 41 n/a n/a1 Sales over £5,000m 11381.21 7 9 10.5 1.4 6.8 108403 15 70 13.2 824091 7 26 279.4 5 25 2949309 2 2 3.9 5 -12 46 1023569 n/a2 Sales over £500m up to £5,000m 4519.10 -6 -19 26.4 1.9 9.0 16881 7 117 7.2 238201 6 8 124.3 -1 0 1916222 7 8 2.4 -13 -26 n/a n/a n/a3 Sales over £50m up to £500m 2465.55 6 0 110.5 4.3 9.9 2230 38 460 3.9 57597 5 -2 118.9 3 5 484581 1 -7 5.1 3 3 n/a n/a n/a4 Sales up to £50m 862.81 14 4 n/m 20.6 25.5 -635 n/m n/m -15.2 4188 8 -1 100.0 4 9 41861 4 -10 20.6 10 25 30 n/a n/a68 <strong>The</strong> <strong>2006</strong> R&D Scoreboard <strong>The</strong> <strong>2006</strong> R&D Scoreboard 69
Index for ranking the <strong>top</strong> <strong>800</strong> <strong>UK</strong> <strong>companies</strong>Index for ranking the <strong>top</strong> <strong>800</strong> <strong>UK</strong> <strong>companies</strong>RankwithinCompany Rank Industry Industry Sector2 ergo 765 4 Mobile telecommunications600 Group 02/04/2005 622 16 General industrials888 244 2 Travel & leisureABB ** 318 26 Electronic & electrical equipmentAbbott ** 266 7 Health care equipment & servicesAbcam 693 10 General retailersAcacia Biopharma ** 635 89 Pharmaceuticals & biotechnologyAcambis 71 12 Pharmaceuticals & biotechnologyAccantia 651 6 Personal goodsAcetate Products ** 31/12/2004 569 41 ChemicalsAdeptra 31/12/2004 710 11 General retailersAdvanced Medical Solutions 583 25 Health care equipment & servicesADVFN 522 7 General financialAEA Technology 364 10 Support servicesAegis 396 7 MediaAeroBox 782 60 ChemicalsAfton Chemical ** 179 9 ChemicalsAga Foodservice 322 7 Household goodsAGCO International ** 102 4 Industrial engineeringAgilent Technologies ** 69 5 Electronic & electrical equipmentAirbus ** 9 3 Aerospace & defenceAIT (now Portrait Software) 356 43 Software & computer servicesAkcros Chemicals ** 31/12/2004 769 58 ChemicalsAkzo Nobel Decorative Coatings ** 412 31 ChemicalsAkzo Nobel Nippon Paint ** 479 34 ChemicalsAkzo Nobel Powder Coatings ** 31/12/2004 528 36 ChemicalsAlbion Automotive ** 734 23 Automobiles & partsAlcan ** 782 19 General industrialsAlcoa ** 528 3 Industrial metalsAlizyme 130 19 Pharmaceuticals & biotechnologyAllergy <strong>The</strong>rapeutics 265 49 Pharmaceuticals & biotechnologyAlliance & Leicester 159 5 BanksAlliance Pharma † 452 73 Pharmaceuticals & biotechnologyAlliance UniChem (now part of Alliance Boots) 185 3 Food & drug retailersAllied Domecq (now part of Pernod Ricard, France) 31/08/2004 626 7 BeveragesAlphameric 406 46 Software & computer servicesAlstom ** 87 9 Electronic & electrical equipmentAlstom Controls ** 484 36 Electronic & electrical equipmentALTANA Pharma ** 569 84 Pharmaceuticals & biotechnologyAlterian 458 57 Software & computer servicesAlumasc 710 18 Construction & materialsAmarin 297 55 Pharmaceuticals & biotechnologyAmdocs 34 3 Software & computer servicesAmerican Home Products ** 73 13 Pharmaceuticals & biotechnologyAmersham (now GE Healthcare) ** † 33 1 Health care equipment & servicesAmino Technologies 411 34 Technology hardware & equipmentAMS (now BAE Systems Integrated System) ** 31/12/2004 138 11 Aerospace & defenceAmstrad 427 9 Leisure goodsAmtico 753 18 Household goodsAnglo American 101 1 MiningAnite 30/04/2005 182 20 Software & computer servicesAnt 474 63 Software & computer servicesAntonov 31/12/2004 454 21 Automobiles & partsAorTech International 718 100 Pharmaceuticals & biotechnologyAPI 607 23 Support servicesAppian Technology 790 64 Electronic & electrical equipmentApplied Optical 605 22 Support servicesAppSense 582 85 Software & computer servicesArakis 31/12/2004 196 34 Pharmaceuticals & biotechnologyARC International 246 23 Technology hardware & equipmentArdagh Glass * 31/12/2004 700 17 Construction & materialsArdana 31/03/2005 329 59 Pharmaceuticals & biotechnologyArgo Interactive 30/09/2004 579 83 Software & computer servicesArjo Wiggins ** 31/12/2004 745 2 Forestry & paperRankwithinCompany Rank Industry Industry SectorArk <strong>The</strong>rapeutics 144 26 Pharmaceuticals & biotechnologyARM 36 3 Technology hardware & equipmentArup 276 5 Support servicesArval PHH ** 248 3 Industrial transportationAscribe 629 95 Software & computer servicesASITE 520 75 Software & computer servicesASTEC ** 710 56 Electronic & electrical equipmentAstex <strong>The</strong>rapeutics 153 27 Pharmaceuticals & biotechnologyAstraZeneca 2 2 Pharmaceuticals & biotechnologyAutomotive Holdings ** 39 4 Automobiles & partsAutonomy 149 15 Software & computer servicesAvaya ** 172 19 Technology hardware & equipmentAvecia * 31/12/2004 59 4 ChemicalsAvery Weigh-Tronix 368 8 Household goodsAVEVA 143 13 Software & computer servicesAviagen ** 31/12/2004 168 7 Food producersAvon Rubber 195 10 Automobiles & partsAVX ** 359 27 Electronic & electrical equipmentAWG 592 8 Gas, water & multiutilitiesAxeon 731 46 Technology hardware & equipmentAxis-Shield 198 35 Pharmaceuticals & biotechnologyAzzurri Communications 734 47 Technology hardware & equipmentB Elliott 512 29 Industrial engineeringBAA (now part of Airport Development and Investment) 88 1 Industrial transportationBAE Systems 3 1 Aerospace & defenceBaker Hughes ** 190 1 Oil equipment, services & distributionBalfour Beatty 330 5 Construction & materialsBarclays 40 3 BanksBarloworld ** 355 8 General industrialsBASF ** 395 30 ChemicalsBAT 42 1 TobaccoBaxi 163 3 Construction & materialsBayer Agriculture ** 498 6 General financialBayer CropScience ** 236 14 ChemicalsBBA 169 2 Industrial transportationBBC 125 3 MediaBeazley 357 3 Nonlife insurancebede 433 36 Technology hardware & equipmentBeesail (aka Chubb) ** 311 8 General retailersBernard Matthews 420 16 Food producersBespak 30/04/2005 386 12 Health care equipment & servicesBETonSports 424 4 Travel & leisureBG 234 4 Oil & gas producersBHP Billiton 114 2 MiningBiocompatibles International 226 5 Health care equipment & servicesBioFocus † 31/03/2005 450 72 Pharmaceuticals & biotechnologyBioProgress 481 76 Pharmaceuticals & biotechnologyBioquell 572 24 Health care equipment & servicesBiotica Technology 497 78 Pharmaceuticals & biotechnologyBiotrace International 546 20 Health care equipment & servicesBirchfield Interactive 30/09/2004 742 112 Software & computer servicesBlock Shield † 525 40 Electronic & electrical equipmentBMW Manufacturing ** 31/12/2004 384 18 Automobiles & partsBOC 62 5 ChemicalsBody Shop International (now part of L'Oreal) 26/02/2005 305 7 General retailersBoehringer Ingelheim ** 134 22 Pharmaceuticals & biotechnologyBoltblue 793 119 Software & computer servicesBombardier Transportation ** 213 9 Industrial engineeringBond International Software 470 61 Software & computer servicesBoots (now Alliance Boots) 127 3 General retailersBorden International ** 586 43 ChemicalsBP 12 2 Oil & gas producersBPB (now part of Saint-Gobain, France) ** 31/03/2005 279 4 Construction & materialsBright Things † 31/03/2005 568 14 Leisure goods70 <strong>The</strong> <strong>2006</strong> R&D Scoreboard<strong>The</strong> <strong>2006</strong> R&D Scoreboard 71
Index for ranking the <strong>top</strong> <strong>800</strong> <strong>UK</strong> <strong>companies</strong>Index for ranking the <strong>top</strong> <strong>800</strong> <strong>UK</strong> <strong>companies</strong>RankwithinCompany Rank Industry Industry SectorBrintons 674 14 Household goodsBristol-Myers Squibb ** 84 15 Pharmaceuticals & biotechnologyBritannia Soft Drinks * 583 5 BeveragesBritish Alcan Aluminium ** 31/12/2004 490 2 Industrial metalsBritish Energy † 31/03/2005 330 3 ElectricityBritish Nuclear Fuels (now British Nuclear Group Sellafield) 31/03/2005 51 1 ElectricityBritish Vita (now part of TPG Spring) 31/12/2004 364 24 ChemicalsBrunner Mond 31/12/2004 745 56 ChemicalsBT 4 1 Fixed line telecommunicationsBTG 218 40 Pharmaceuticals & biotechnologyBunge ** 299 12 Food producersBusiness Control Solutions 648 97 Software & computer servicesBWI ** 658 17 General industrialsCA-MC Acquisition ** 434 34 Electronic & electrical equipmentCadbury Schweppes 49 2 Food producersCadence Design Systems ** 667 44 Technology hardware & equipmentCalsonic Kansei Europe ** 232 12 Automobiles & partsCambridge Antibody (now part of AstraZeneca) 66 10 Pharmaceuticals & biotechnologyCambridge Biotechnology (now part of Biovitrum, Sweden) ** 406 67 Pharmaceuticals & biotechnologyCambridge Display Technology ** 31/12/2004 204 14 Electronic & electrical equipmentCambridge Laboratories * 776 106 Pharmaceuticals & biotechnologyCardinal Health ** 295 8 Health care equipment & servicesCargill ** 436 18 Food producersCarmelite Capital 429 3 General financialCastledon 718 22 Aerospace & defenceCaterpillar ** 67 1 Industrial engineeringCattles 575 8 General financialCE Electric ** 745 11 Gas, water & multiutilitiesCeloxica 559 40 Technology hardware & equipmentCelsis International 745 33 Health care equipment & servicesCeNeS Pharmaceuticals 295 54 Pharmaceuticals & biotechnologyCephalon ** 610 87 Pharmaceuticals & biotechnologyCeres Power 445 35 Electronic & electrical equipmentCertegy ** 465 5 General financialChalkfree † 525 40 Electronic & electrical equipmentChannel Four Television 160 4 MediaCharacter 585 11 MediaCharter 279 15 Industrial engineeringChelford 739 111 Software & computer servicesChemring 351 16 Aerospace & defenceChesapeake ** 610 15 General industrialsChevronTexaco ** 540 6 Oil & gas producersChloride 309 25 Electronic & electrical equipmentChristie 403 12 Support servicesChroma <strong>The</strong>rapeutics † 313 58 Pharmaceuticals & biotechnologyCiba Specialty Chemicals ** 200 12 ChemicalsCisco Systems ** 107 12 Technology hardware & equipmentCivica 615 91 Software & computer servicesCivil Aviation Authority 31/03/2005 739 10 Travel & leisureClariant (Holdings) ** 287 20 ChemicalsClarity Commerce Solutions 31/03/2005 512 72 Software & computer servicesClarityblue 504 16 Support servicesClearSpeed Technology 304 31 Technology hardware & equipmentClearswift Systems 31/03/2005 315 36 Software & computer servicesClinical Computing 653 99 Software & computer servicesClinPhone 478 65 Software & computer servicesCML Microsystems 290 28 Technology hardware & equipmentCNH ** 117 5 Industrial engineeringCoats * 31/12/2004 569 5 Personal goodsCobham 63 6 Aerospace & defenceCODASciSys 201 24 Software & computer servicesCOE 648 50 Electronic & electrical equipmentCognis Performance Chemicals (now Cognis) ** 544 38 ChemicalsCoherent ** 603 45 Electronic & electrical equipmentRankwithinCompany Rank Industry Industry SectorComino (now part of Civica) 31/03/2005 409 47 Software & computer servicesCommunisis 590 21 Support servicesComputer Software 28/02/2005 687 104 Software & computer servicesConcurrent Technologies 581 42 Technology hardware & equipmentConsilium 687 104 Software & computer servicesCookson 104 3 General industrialsCooper Industries ** 423 33 Electronic & electrical equipmentCooper Tyre & Rubber ** 405 19 Automobiles & partsCorac 632 36 Industrial engineeringCorin 468 16 Health care equipment & servicesCorpora 546 80 Software & computer servicesCorus 42 1 Industrial metalsCozart 698 29 Health care equipment & servicesCramer Systems 251 29 Software & computer servicesCrane ** 507 28 Industrial engineeringCroda International 199 11 ChemicalsCrompton ** 429 32 ChemicalsCrown ** 119 5 General industrialsCSR 68 7 Technology hardware & equipmentCustomVis 653 28 Health care equipment & servicesCyan 745 48 Technology hardware & equipmentCyprotex 698 98 Pharmaceuticals & biotechnologyCytomyx 30/09/2004 769 105 Pharmaceuticals & biotechnologyD1 Oils 729 54 ChemicalsDaiichi Pharmaceuticals ** 263 48 Pharmaceuticals & biotechnologyDaimlerChrysler ** 31/12/2004 291 6 General retailersDainippon Sumitomo Pharma Europe ** 387 63 Pharmaceuticals & biotechnologyDairy Crest 454 20 Food producersDana Investments ** 174 9 Automobiles & partsDatong Electronics 662 53 Electronic & electrical equipmentDCS 674 102 Software & computer servicesDe La Rue 146 3 Support servicesDechra Pharmaceuticals 552 82 Pharmaceuticals & biotechnologyDelcam 247 28 Software & computer servicesDelphi Diesel Systems ** 120 7 Automobiles & partsDennis Eagle ** 753 41 Industrial engineeringDenso Manufacturing ** 419 20 Automobiles & partsDetica 354 42 Software & computer servicesDeutsch ** 715 57 Electronic & electrical equipmentDevro 324 13 Food producersDewhurst 694 55 Electronic & electrical equipmentDiageo 128 1 BeveragesDialight 276 22 Electronic & electrical equipmentDialog Semiconductor 113 14 Technology hardware & equipmentDICOM 186 22 Software & computer servicesDigital Appliance Controls ** 372 28 Electronic & electrical equipmentDomino Printing Sciences 215 17 Electronic & electrical equipmentDomnick Hunter (now part of Parker Hannifin, USA) 31/12/2004 392 10 General industrialsDoncasters 374 21 Industrial engineeringDow Trent ** 376 26 ChemicalsDrew Scientific (now part of Escalon Medical, USA) 31/03/2004 694 97 Pharmaceuticals & biotechnologyDRS Data & Research Services 496 66 Software & computer servicesDS Smith 592 14 General industrialsDu Pont 710 51 ChemicalsDunlop Aircraft Tyres ** 745 24 Automobiles & partsDynea Aycliffe ** 757 57 ChemicalsDyson 286 19 ChemicalsDyson James 112 2 Household goodsE.ON <strong>UK</strong> ** 293 2 Electricitye2v Technologies 31/03/2005 281 23 Electronic & electrical equipmentEADS Astrium ** 216 21 Technology hardware & equipmentEasyScreen (now Refco Screens) 31/03/2004 544 79 Software & computer servicesEaton ** 31/12/2004 362 20 Industrial engineeringebookers (now part of Cendant) 680 8 Travel & leisure72 <strong>The</strong> <strong>2006</strong> R&D Scoreboard<strong>The</strong> <strong>2006</strong> R&D Scoreboard 73
Index for ranking the <strong>top</strong> <strong>800</strong> <strong>UK</strong> <strong>companies</strong>Index for ranking the <strong>top</strong> <strong>800</strong> <strong>UK</strong> <strong>companies</strong>RankwithinCompany Rank Industry Industry SectorEckoh Technologies 459 14 Support servicesEco-Bat Technologies ** 31/12/2004 777 5 Industrial metalsEDF Energy ** 347 5 Gas, water & multiutilitiesEffem (aka Mars) ** 01/01/2005 92 3 Food producersEircom 707 4 Fixed line telecommunicationsEirx <strong>The</strong>rapeutics 670 95 Pharmaceuticals & biotechnologyEisai ** 72 2 Food & drug retailersEleco 564 11 Construction & materialsElectrolux ** 31/12/2004 745 17 Household goodsElectronic Data Processing 512 72 Software & computer servicesElektron 782 62 Electronic & electrical equipmentElementis 254 17 ChemicalsEli Lilly ** 20 5 Pharmaceuticals & biotechnologyEmpire Interactive 31/12/2004 211 25 Software & computer servicesEmpower Interactive 31/12/2004 550 81 Software & computer servicesEndress + Hauser ** 572 31 Industrial engineeringEnodis 155 7 Industrial engineeringEnterprise 674 26 Support servicesEpichem 31/12/2004 717 52 ChemicalsEsso ** 85 3 Oil & gas producersEuropean Colour 31/03/2005 700 50 ChemicalsEVC International (now Ineos Vinyls) * 31/12/2004 387 28 ChemicalsEvolutec 275 52 Pharmaceuticals & biotechnologyEvolution Studios 502 12 Leisure goodsEvotec ** 586 85 Pharmaceuticals & biotechnologyExchem ** 721 53 ChemicalsExpro 441 6 Oil equipment, services & distributionFair Isaac ** † 192 23 Software & computer servicesFamco 700 16 Household goodsFeedback 683 54 Electronic & electrical equipmentFenner 463 26 Industrial engineeringFerraris 438 15 Health care equipment & servicesFerring Laboratories ** 346 61 Pharmaceuticals & biotechnologyFFastFill 31/03/2005 589 86 Software & computer servicesFiltronic 75 8 Technology hardware & equipmentFinancial Objects 592 88 Software & computer servicesFirst Technology (now part of Honeywell Acquisitions) 30/04/2005 181 13 Electronic & electrical equipmentFKI 229 12 Industrial engineeringFlomerics 453 56 Software & computer servicesFlytxt 782 32 Support servicesFocus Solutions 31/03/2005 651 98 Software & computer servicesFord ** 5 1 Automobiles & partsForum Bioscience ** 372 62 Pharmaceuticals & biotechnologyFoseco 294 17 Industrial engineeringFree Radical Design 519 13 Leisure goodsFreeplay Energy 739 12 General retailersFuji Photo Film ** 124 2 Leisure goodsFujisawa ** 725 5 Food & drug retailersFujitsu Services ** 64 7 Software & computer servicesFujitsu Telecom ** 136 16 Technology hardware & equipmentFun Technologies (now part of Liberty) 499 5 Travel & leisureFutura Medical 522 81 Pharmaceuticals & biotechnologyFW Thorpe 617 12 Household goodsGames Workshop 318 5 Leisure goodsGartland Whalley and Barker 683 18 General industrialsGB 782 118 Software & computer servicesGD First ** 605 33 Industrial engineeringGEAC ** 230 27 Software & computer servicesGeest (now part of Bakkavor, Iceland) 01/01/2005 626 26 Food producersGeneMedix 444 71 Pharmaceuticals & biotechnologyGeneral Domestic Appliances ** 31/12/2004 337 6 Leisure goodsGeneral Dynamics ** 31/12/2004 642 21 Aerospace & defenceGenerics Group ** 315 6 Support servicesGenerics <strong>UK</strong> ** 139 24 Pharmaceuticals & biotechnologyRankwithinCompany Rank Industry Industry SectorGenetix 557 23 Health care equipment & servicesGenosis 729 31 Health care equipment & servicesGenus 31/03/2005 208 37 Pharmaceuticals & biotechnologyGenzyme ** 245 47 Pharmaceuticals & biotechnologyGeorge Wimpey 471 10 Household goodsGet 753 60 Electronic & electrical equipmentGKN 32 3 Automobiles & partsGlaxoSmithKline 1 1 Pharmaceuticals & biotechnologyGlen Electric 145 3 Household goodsGolden Acquisition ** 343 3 BeveragesGooch & Housego 656 38 Industrial engineeringGoodrich Controls ** 55 5 Aerospace & defenceGreat Lakes Europe ** 31/12/2004 535 37 ChemicalsGresham Computing 507 69 Software & computer servicesGroup 4 Securicor 540 19 Support servicesGUS 105 2 General retailersGW Pharmaceuticals 178 29 Pharmaceuticals & biotechnologyGyrus 162 4 Health care equipment & servicesHalma 141 6 Industrial engineeringHampson Industries 298 14 Aerospace & defenceHamworthy 564 7 Oil equipment, services & distributionHanson 592 13 Construction & materialsHarsco Investment ** 559 13 General industrialsHazlewood Grocery ** 24/09/2004 592 24 Food producersHeinz ** 166 5 Food producersHerman Miller ** 489 11 Household goodsHewlett-Packard ** 77 10 Technology hardware & equipmentHikma Pharmaceuticals 187 31 Pharmaceuticals & biotechnologyHoneywell Analytics ** 485 37 Electronic & electrical equipmentHoover ** 667 13 Household goodsHSBC 13 2 BanksHunting 703 8 Oil equipment, services & distributionHuntleigh Technology 252 6 Health care equipment & servicesHydro International 799 46 Industrial engineeringi-mate 617 43 Technology hardware & equipmentIBS OPENSystems † 507 69 Software & computer servicesICI 18 1 ChemicalsID Data 658 52 Electronic & electrical equipmentIDMos 629 26 Health care equipment & servicesIDOX 590 87 Software & computer servicesILX 765 29 Support servicesImagination Technologies 111 13 Technology hardware & equipmentIMERYS Minerals ** 345 4 MiningIMI 81 2 Industrial engineeringImmunodiagnostic Systems 31/03/2005 703 30 Health care equipment & servicesImparta 31/12/2004 769 31 Support servicesInbev ** 610 6 BeveragesIndependent Media Distribution 715 15 MediaIndigoVision 537 77 Software & computer servicesIneos 242 15 ChemicalsINEOS Chlor 31/12/2004 546 39 ChemicalsIngenta 572 10 MediaInmarsat 171 2 Mobile telecommunicationsInnovata 177 28 Pharmaceuticals & biotechnologyInnovation 413 49 Software & computer servicesInnovia Films † 645 46 ChemicalsInnovision Research & Technology 723 58 Electronic & electrical equipmentInsignia Solutions 504 68 Software & computer servicesIntec Telecom Systems 123 11 Software & computer servicesIntelek 486 37 Technology hardware & equipmentIntelligent Energy 240 19 Electronic & electrical equipmentIntelligent Environments 777 115 Software & computer servicesInter Link Foods 426 17 Food producersIntercede 31/03/2005 683 103 Software & computer services74 <strong>The</strong> <strong>2006</strong> R&D Scoreboard<strong>The</strong> <strong>2006</strong> R&D Scoreboard 75
Index for ranking the <strong>top</strong> <strong>800</strong> <strong>UK</strong> <strong>companies</strong>Index for ranking the <strong>top</strong> <strong>800</strong> <strong>UK</strong> <strong>companies</strong>RankwithinCompany Rank Industry Industry SectorIntercytex 266 50 Pharmaceuticals & biotechnologyInternational Paint ** 305 21 ChemicalsInternational Power 396 4 ElectricityInvensys 24 1 Electronic & electrical equipmentIQ-Ludorum 31/12/2004 662 100 Software & computer servicesIQE 745 48 Technology hardware & equipmentiSOFT 30/04/2005 116 9 Software & computer servicesITI Scotland 31/03/2005 317 2 General financialITIS 31/03/2005 607 5 Industrial transportationITM Power 642 49 Electronic & electrical equipmentITW ** 429 25 Industrial engineeringIVAX (now part of Teva Pharmaceutical Industries, Israel) ** 206 36 Pharmaceuticals & biotechnologyJames Cropper 632 1 Forestry & paperJames Halstead 506 10 Construction & materialsJanssen-Cilag ** 02/01/2005 70 11 Pharmaceuticals & biotechnologyJazztel 463 2 Fixed line telecommunicationsJCB Compact Products 243 13 Industrial engineeringJCB Service ** 31/12/2004 89 3 Industrial engineeringJeyes 31/03/2005 457 9 Household goodsJohn Lewis 272 5 General retailersJohnson & Johnson ** 137 23 Pharmaceuticals & biotechnologyJohnson Matthey 47 3 ChemicalsJohnsonDiversey ** 392 29 ChemicalsJordan Grand Prix (now Midland F1) 158 1 Travel & leisureKalon (now SigmaKalon) ** 658 47 ChemicalsKBC Advanced Technologies 420 5 Oil equipment, services & distributionKelda 648 9 Gas, water & multiutilitiesKellogg ** 592 24 Food producersKensington 454 4 General financialKenwood ** 694 15 Household goodsKerry Foods ** 31/12/2004 450 19 Food producersKerry Ingredients ** 281 11 Food producersKewill Systems 31/03/2005 435 51 Software & computer servicesKidde ** 31/12/2004 121 6 General industrialsKiln 350 2 Nonlife insuranceKimberly-Clark ** 272 2 Personal goodsKnowledge Technology Solutions 687 14 MediaKodak ** 207 4 Leisure goodsKohler ** 264 4 Household goodsKraft Foods ** 360 14 Food producersLaird 128 10 Electronic & electrical equipmentLand Rover ** 14 2 Automobiles & partslastminute.com (now part of Sabre, USA) ** 30/09/2004 99 1 General retailersLatchways 674 26 Support servicesLatimer (aka Weetabix) ** † 25/12/2004 586 23 Food producersLDV 31/12/2004 184 8 Industrial engineeringLEAR ** 165 8 Automobiles & partsLeisure Link 567 7 Travel & leisureLiDCO 790 36 Health care equipment & servicesLifescan Scotland ** 100 3 Health care equipment & servicesLincat 639 37 Industrial engineeringLinde Material Handling ** 31/12/2004 326 7 General industrialsLinn Products 31/10/2004 368 8 Leisure goodsLinx Printing Technologies (now part of Danaher, USA) ** 30/06/2004 381 29 Electronic & electrical equipmentLogicaCMG 95 8 Software & computer servicesLombard Medical Technologies 387 13 Health care equipment & servicesLorantis 31/12/2004 309 57 Pharmaceuticals & biotechnologyLotus ** 339 15 Automobiles & partsLow & Bonar 502 9 Construction & materialsLTG Technologies 617 35 Industrial engineeringLubrizol ** 96 6 ChemicalsLucite International 196 10 ChemicalsLuxfer 326 18 Industrial engineeringMacDermid ** 575 42 ChemicalsRankwithinCompany Rank Industry Industry SectorMacro 4 285 34 Software & computer servicesMakita International ** 339 7 Leisure goodsManganese Bronze 760 42 Industrial engineeringManpower Software 635 96 Software & computer servicesMarconi (now Telent) 16 1 Technology hardware & equipmentMarine Harvest ** 670 27 Food producersMarlborough Stirling (now Vertex Financial Services) 31/12/2004 258 32 Software & computer servicesMarley Building Materials (now Hanson <strong>The</strong>rmalite) ** 31/12/2004 575 12 Construction & materialsMartin-Baker (Engineering) 314 15 Aerospace & defenceMBDA ** 31/12/2004 231 13 Aerospace & defenceMcBride 311 6 Household goodsMcCain Foods ** 492 21 Food producersMcCormick ** 261 10 Food producersMcCormick Tractors International ** 537 30 Industrial engineeringMcKechnie Aerospace * 31/07/2004 592 19 Aerospace & defenceMediasurface 564 82 Software & computer servicesMedical Marketing International 726 101 Pharmaceuticals & biotechnologyMedisys 425 14 Health care equipment & servicesMediwatch 30/04/2005 734 32 Health care equipment & servicesMeggitt 78 7 Aerospace & defenceMelrose 674 39 Industrial engineeringMerck ** 443 70 Pharmaceuticals & biotechnologyMerck Sharp & Dohme ** 29 7 Pharmaceuticals & biotechnologyMerial 31/12/2004 31 8 Pharmaceuticals & biotechnologyMeridio 337 39 Software & computer servicesMesco ** 31/03/2005 415 24 Industrial engineeringMessageLabs 287 35 Software & computer servicesMessier-Dowty ** 108 8 Aerospace & defenceMicap 638 90 Pharmaceuticals & biotechnologyMichelin Tyre ** 551 22 Automobiles & partsMicro Focus International 147 14 Software & computer servicesMicroEmissive Displays 639 48 Electronic & electrical equipmentMicrogen 255 31 Software & computer servicesMicroscience (now Microscience Investments) 31/12/2004 188 32 Pharmaceuticals & biotechnologyMicrosulis 31/12/2004 335 10 Health care equipment & servicesMinorplanet Systems 554 43 Electronic & electrical equipmentMirago 724 108 Software & computer servicesMisys 30 2 Software & computer servicesMolins 575 32 Industrial engineeringMoneysupermarket.com Financial 793 9 General financialMoog Controls ** 615 34 Industrial engineeringMorgan Crucible 155 12 Electronic & electrical equipmentMotorola ** 37 4 Technology hardware & equipmentMTL Instruments 300 24 Electronic & electrical equipmentNaiglan 765 13 General retailersNapp Pharmaceutical 31/12/2004 268 51 Pharmaceuticals & biotechnologyNational Grid 234 1 Gas, water & multiutilitiesNational Semiconductor ** 320 32 Technology hardware & equipmentNationwide 189 1 General financialnCipher 409 47 Software & computer servicesNDS ** 28 1 Software & computer servicesNEC Europe ** 31/03/2005 268 26 Technology hardware & equipmentNeuTec Pharma 289 53 Pharmaceuticals & biotechnologyNewchurch 31/12/2004 467 60 Software & computer servicesNewmark Security 765 29 Support servicesNewport Networks 301 29 Technology hardware & equipmentNextGen 658 93 Pharmaceuticals & biotechnologyNGC ** 592 44 Electronic & electrical equipmentNIC ** 486 12 General industrialsNMT 769 35 Health care equipment & servicesNokia ** 26 2 Technology hardware & equipmentNorbrook Laboratories 30/07/2004 333 60 Pharmaceuticals & biotechnologyNorcros 31/03/2005 357 6 Construction & materialsNortel Networks ** 50 6 Technology hardware & equipment76 <strong>The</strong> <strong>2006</strong> R&D Scoreboard<strong>The</strong> <strong>2006</strong> R&D Scoreboard 77
Index for ranking the <strong>top</strong> <strong>800</strong> <strong>UK</strong> <strong>companies</strong>Index for ranking the <strong>top</strong> <strong>800</strong> <strong>UK</strong> <strong>companies</strong>RankwithinCompany Rank Industry Industry SectorNorthgate Information Solutions 30/04/2005 150 16 Software & computer servicesNorthumbrian Water 446 6 Gas, water & multiutilitiesNovar (now part of Honeywell Acquisitions) 31/12/2004 93 1 Construction & materialsNovartis Pharmaceuticals ** 48 9 Pharmaceuticals & biotechnologyNovo Nordisk ** 237 44 Pharmaceuticals & biotechnologyNSB 151 17 Software & computer servicesNSK ** 413 23 Industrial engineeringNufarm ** 488 35 ChemicalsNXT 469 11 Leisure goodsO2 (now part of Telefonica, Spain) 31/03/2005 220 3 Mobile telecommunicationsOcean Power Delivery 427 5 ElectricityOctel International (now Innospec International) ** 250 16 ChemicalsOFCOM 31/03/2005 362 6 MediaOld Mutual 65 1 Life insuranceOMG 507 69 Software & computer servicesOneClickHR 31/12/2004 687 104 Software & computer servicesOptos 517 17 Health care equipment & servicesOrchid Biosciences Europe (now Orchid Cellmark) ** 760 104 Pharmaceuticals & biotechnologyOrganon Laboratories ** 74 14 Pharmaceuticals & biotechnologyOSI Pharmaceticals ** 133 21 Pharmaceuticals & biotechnologyOsmetech 461 74 Pharmaceuticals & biotechnologyOtsuka Pharmaceutical ** 394 66 Pharmaceuticals & biotechnologyOutokumpu Stainless ** 592 4 Industrial metalsOxford Biomedica 194 33 Pharmaceuticals & biotechnologyOxford Instruments 148 11 Electronic & electrical equipmentOxonica 632 44 ChemicalsPA 535 18 Support servicesPace Micro Technology 97 1 Leisure goodsPanasonic Europe ** 86 8 Electronic & electrical equipmentPartyGaming 559 6 Travel & leisurePatientline 670 3 Fixed line telecommunicationsPatsystems 737 110 Software & computer servicesPelikon 757 61 Electronic & electrical equipmentPfizer ** 8 3 Pharmaceuticals & biotechnologyPharmagene (now Asterand) 390 64 Pharmaceuticals & biotechnologyPhilips Electronics ** 53 3 Electronic & electrical equipmentPhoqus 429 68 Pharmaceuticals & biotechnologyPhoto-Me 191 4 General retailersPhy<strong>top</strong>harm 238 45 Pharmaceuticals & biotechnologyPilat Media <strong>Global</strong> 418 50 Software & computer servicesPilkington (now part of NSG <strong>UK</strong> Enterprises) 105 2 Construction & materialsPipeHawk 782 62 Electronic & electrical equipmentPirelli ** 31/12/2004 292 14 Automobiles & partsPittards 718 8 Personal goodsPlanit 475 64 Software & computer servicesPlasmon 219 22 Technology hardware & equipmentPlethora Solutions 308 56 Pharmaceuticals & biotechnologyPlusNet 436 52 Software & computer servicesPolaron 622 46 Electronic & electrical equipmentPole Star Space Applications 781 117 Software & computer servicesPorvair 378 27 ChemicalsPremier Farnell 540 19 Support servicesPremier Foods 531 22 Food producersPro-Bel ** 31/12/2004 521 76 Software & computer servicesPrologic 617 92 Software & computer servicesProStrakan 103 18 Pharmaceuticals & biotechnologyProteome Sciences 391 65 Pharmaceuticals & biotechnologyProtherics 241 46 Pharmaceuticals & biotechnologyProvalis 512 80 Pharmaceuticals & biotechnologyPsion 161 18 Technology hardware & equipmentPunch Graphix 221 5 MediaPursuit Dynamics 760 42 Industrial engineeringPZ Cussons 368 4 Personal goodsQXL ricardo 662 9 General retailersRankwithinCompany Rank Industry Industry SectorRadstone Technology 31/03/2005 256 24 Technology hardware & equipmentRaft International (now part of Financial Objects) 726 109 Software & computer servicesRandox Laboratories 227 43 Pharmaceuticals & biotechnologyRaymarine 210 16 Electronic & electrical equipmentReckitt Benckiser 45 1 Household goodsRecognition Systems (now Protagona) ** 465 59 Software & computer servicesRedac * 321 37 Software & computer servicesRedbridge 782 14 General retailersRedrow 782 19 Household goodsReed Elsevier 25 2 MediaReGen <strong>The</strong>rapeutics 687 96 Pharmaceuticals & biotechnologyRemec Europe ** † 532 39 Technology hardware & equipmentReNeuron Holdings * 442 69 Pharmaceuticals & biotechnologyRenishaw 82 7 Electronic & electrical equipmentRenold 31/03/2005 481 27 Industrial engineeringRenovo 224 42 Pharmaceuticals & biotechnologyRentokil Initial 353 9 Support servicesRespironics ** 760 34 Health care equipment & servicesRespironics Respiratory ** 557 83 Pharmaceuticals & biotechnologyRetail Decisions 777 115 Software & computer servicesReuters 22 1 MediaRexam 109 4 General industrialsRHM 30/04/2005 377 15 Food producersRhodia ** 324 23 ChemicalsRicardo 343 7 Support servicesRio Tinto 164 3 MiningRM 122 10 Software & computer servicesRobert Bosch Investment ** 396 7 Construction & materialsRobinson Brothers 673 48 ChemicalsRobotic Technology Systems 473 15 Support servicesRoche ** 27 6 Pharmaceuticals & biotechnologyRolfe & Nolan 28/02/2005 592 88 Software & computer servicesRolls-Royce 7 2 Aerospace & defenceRonseal ** 793 61 ChemicalsRotork 401 22 Industrial engineeringRoyal & Sun Alliance 21 1 Nonlife insuranceRoyal Bank of Scotland 11 1 BanksRoyal Dutch Shell 10 1 Oil & gas producersRoyal Mail 626 6 Industrial transportationRoyalblue 175 19 Software & computer servicesRWE Npower ** 31/12/2004 330 3 Gas, water & multiutilitiesRWE Thames Water ** 31/12/2004 260 2 Gas, water & multiutilitiesSABMiller 303 2 BeveragesSage 35 4 Software & computer servicesSaint-Gobain Abrasives ** 31/12/2004 645 15 Construction & materialsSamsung Electronics ** 79 6 Electronic & electrical equipmentSanofi-Synthelabo ** 209 38 Pharmaceuticals & biotechnologySareum 703 99 Pharmaceuticals & biotechnologyScapa 364 24 ChemicalsSchlumberger ** 193 2 Oil equipment, services & distributionSchneider Electric ** 546 42 Electronic & electrical equipmentSCI Entertainment † 183 21 Software & computer servicesScottish and Southern Energy 540 6 ElectricityScotty 707 45 Technology hardware & equipmentScreen (now Petards) 647 25 Support servicesSDL 342 40 Software & computer servicesSearchspace 446 54 Software & computer servicesSenetek 31/12/2004 653 92 Pharmaceuticals & biotechnologySenior 225 11 Industrial engineeringSequa ** 31/12/2004 639 45 ChemicalsSequenom-Gemini ** 475 75 Pharmaceuticals & biotechnologySerco 60 1 Support servicesSerono ** 642 91 Pharmaceuticals & biotechnologyServicePower Technologies 622 93 Software & computer services78 <strong>The</strong> <strong>2006</strong> R&D Scoreboard<strong>The</strong> <strong>2006</strong> R&D Scoreboard 79
Index for ranking the <strong>top</strong> <strong>800</strong> <strong>UK</strong> <strong>companies</strong>Index for ranking the <strong>top</strong> <strong>800</strong> <strong>UK</strong> <strong>companies</strong>RankwithinCompany Rank Industry Industry SectorServier ** 222 41 Pharmaceuticals & biotechnologyServocell 726 59 Electronic & electrical equipmentSeton House 90 2 General industrialsSevern Trent 341 4 Gas, water & multiutilitiesSGL † 31/03/2005 347 8 Support servicesSharp Electronics ** 233 18 Electronic & electrical equipmentShepherd Building 592 13 Construction & materialsShire 17 4 Pharmaceuticals & biotechnologySHL 396 11 Support servicesShort Brothers ** 135 10 Aerospace & defenceSiemens ** 44 2 Electronic & electrical equipmentSinclair Pharma 737 103 Pharmaceuticals & biotechnologySira 31/03/2004 769 45 Industrial engineeringSKF ** 703 40 Industrial engineeringSkyePharma 94 17 Pharmaceuticals & biotechnologySmart Holograms 635 47 Electronic & electrical equipmentSmith & Nephew 41 2 Health care equipment & servicesSmiths 19 4 Aerospace & defenceSolexa 31/12/2004 333 9 Health care equipment & servicesSondex 262 3 Oil equipment, services & distributionSony ** 132 3 Leisure goodsSony Computer Entertainment Europe ** 58 6 Software & computer servicesSony Entertainment ** 439 10 Leisure goodsSopheon 625 94 Software & computer servicesSpectris 61 4 Electronic & electrical equipmentSphere Medical 631 27 Health care equipment & servicesSPI Lasers 401 31 Electronic & electrical equipmentSpirax-Sarco Engineering 274 14 Industrial engineeringSpirent (now Spirent Communications) 46 5 Technology hardware & equipmentSporting Exchange 349 3 Travel & leisureSR Pharma 499 79 Pharmaceuticals & biotechnologySSL International 217 1 Personal goodsStandard Chartered 56 4 BanksStanelco 361 19 Industrial engineeringStanley <strong>UK</strong> Acquisition ** 744 28 Support servicesStatPro 352 41 Software & computer servicesSteinhoff <strong>UK</strong> Beds ** 793 20 Household goodsStem Cell Sciences 662 94 Pharmaceuticals & biotechnologySTMicroelectronics ** 507 38 Technology hardware & equipmentStrategic Rail Authority 31/03/2005 396 4 Industrial transportationSumitomo Electric Wiring Systems ** 367 16 Automobiles & partsSun Chemical ** 203 13 ChemicalsSunrise Medical ** † 524 19 Health care equipment & servicesSuperscape 259 33 Software & computer servicesSurface Technology Systems 406 33 Technology hardware & equipmentSurface Transforms 760 42 Industrial engineeringSurfControl 228 26 Software & computer servicesSurrey Satellite Technology 212 20 Technology hardware & equipmentSwallowfield 707 7 Personal goodsSygen International (now part of Genus) 239 9 Food producersSymbian 52 5 Software & computer servicesSynairgen 732 102 Pharmaceuticals & biotechnologySynchronica 777 50 Technology hardware & equipmentSyngenta ** 38 2 ChemicalsSystem C Healthcare 579 83 Software & computer servicesSystems Union 142 12 Software & computer servicesTadpole Technology 472 62 Software & computer servicesTATA TEA ** 02/04/2005 554 4 BeveragesTate & Lyle 109 4 Food producersTechnolog 30/04/2005 656 51 Electronic & electrical equipmentTecteon 687 7 Oil & gas producersTelephonetics 769 114 Software & computer servicesTelit Communications 415 35 Technology hardware & equipmentTelspec 559 40 Technology hardware & equipmentRankwithinCompany Rank Industry Industry SectorTennants 475 33 ChemicalsTepnel Life Sciences 495 77 Pharmaceuticals & biotechnologyTertio Telecoms (now Evolving Systems) ** 31/12/2004 461 58 Software & computer servicesTesco 23 1 Food & drug retailersTessenderlo Fine Chemicals ** 769 58 ChemicalsTextron ** 381 9 General industrialsThales Optronics ** 528 17 Aerospace & defenceThomas Swan 278 18 ChemicalsThomson ** 446 8 MediaThomson Intermedia 667 12 MediaThor Overseas * 799 62 ChemicalsTI Automotive ** 115 6 Automobiles & partsTioxide ** 31/12/2004 98 7 ChemicalsTissue Science Laboratories 554 22 Health care equipment & servicesTiton 757 20 Construction & materialsTomkins 57 1 General industrialsTorex Retail 152 18 Software & computer servicesTorotrak 284 13 Automobiles & partsToshiba Research Europe ** 31/03/2005 249 20 Electronic & electrical equipmentTotal ** 31/12/2004 403 5 Oil & gas producersTotal Systems 721 107 Software & computer servicesTower 793 51 Technology hardware & equipmentTrafficmaster 525 9 MediaTranseda Technology ** 753 113 Software & computer servicesTransitive 31/12/2004 374 45 Software & computer servicesTrelleborg Automotive ** 31/12/2004 460 11 General industrialsTrelleborg Sealing Solutions ** 31/12/2004 742 55 ChemicalsTremco (now Tremco Illbruck Production) ** 732 19 Construction & materialsTribal 610 24 Support servicesTrikon (now Aviza Europe) ** 302 30 Technology hardware & equipmentTritrax 493 39 Electronic & electrical equipmentTRL Electronics 31/03/2005 534 18 Aerospace & defenceTT electronics 204 14 Electronic & electrical equipmentTTP 31/03/2005 371 44 Software & computer servicesTTP Communications 31/03/2005 80 11 Technology hardware & equipmentUbiquity Software 253 30 Software & computer servicesUCB Pharma ** 603 86 Pharmaceuticals & biotechnologyUGG ** 793 20 General industrialsUltra Electronics 118 9 Aerospace & defenceUltraframe 493 8 Construction & materialsUmbro 335 3 Personal goodsUnilever 6 1 Food producersUnipoly 31/12/2004 674 16 Construction & materialsUnited Biscuits ** 169 8 Food producersUnited Dairy Farmers 31/03/2005 790 28 Food producersUnited Utilities 481 7 Gas, water & multiutilitiesUniverse 533 17 Support servicesUrenco 173 4 Support servicesVanguard Car Rental EMEA ** 680 8 Travel & leisureVastox 617 88 Pharmaceuticals & biotechnologyVebnet 499 67 Software & computer servicesVectura 31/03/2005 180 30 Pharmaceuticals & biotechnologyVeolia Water ** 31/12/2004 710 10 Gas, water & multiutilitiesVernalis 91 16 Pharmaceuticals & biotechnologyVetco † 380 4 Oil equipment, services & distributionVI 537 77 Software & computer servicesVictrex 323 22 ChemicalsVideojet Technologies ** 383 30 Electronic & electrical equipmentVislink 257 25 Technology hardware & equipmentVisteon ** 54 5 Automobiles & partsVitec 223 10 Industrial engineeringVoca 83 2 Support servicesVodafone 15 1 Mobile telecommunicationsVolex 491 38 Electronic & electrical equipment80 <strong>The</strong> <strong>2006</strong> R&D Scoreboard<strong>The</strong> <strong>2006</strong> R&D Scoreboard 81
Index for ranking the <strong>top</strong> <strong>800</strong> <strong>UK</strong> <strong>companies</strong>Index for ranking the <strong>top</strong> <strong>800</strong> <strong>UK</strong> <strong>companies</strong>RankwithinCompany Rank Industry Industry SectorVT 607 20 Aerospace & defenceWagon 201 11 Automobiles & partsWarner Chilcott (now Chilcott) (now part of Warner Acquisition) 131 20 Pharmaceuticals & biotechnologyWaterford Wedgwood ** 31/03/2005 305 5 Household goodsWeir 283 16 Industrial engineeringWestland Helicopters ** 31/12/2004 154 12 Aerospace & defenceWhatman 385 11 Health care equipment & servicesWitness Systems ** 328 38 Software & computer servicesWittington Investments 166 5 Food producersWolfson Microelectronics 155 17 Technology hardware & equipmentWorkplace Systems International 31/03/2005 449 55 Software & computer servicesWorld Gaming 31/12/2004 512 72 Software & computer servicesWSP 417 13 Support servicesXaar 270 21 Electronic & electrical equipmentXenova (now part of Celtic Pharma Development) 31/12/2004 140 25 Pharmaceuticals & biotechnologyXerox ** 76 9 Technology hardware & equipmentXKO 439 53 Software & computer servicesXP Power 420 32 Electronic & electrical equipmentYamanouchi (now Astellas Pharma Europe) ** 214 39 Pharmaceuticals & biotechnologyYamanouchi Pharma (now Astellas Pharma) ** 31/03/2005 694 4 Food & drug retailersYooMedia 31/12/2004 680 13 MediaYule Catto 176 8 ChemicalsZ Group 610 90 Software & computer servicesRankwithinCompany Rank Industry Industry SectorZarlink Semiconductor ** 126 15 Technology hardware & equipmentZetex 271 27 Technology hardware & equipmentZi Medical 553 21 Health care equipment & servicesZimmer ** 518 18 Health care equipment & servicesZincox Resources 479 5 MiningZoo Digital † 31/03/2005 662 100 Software & computer servicesZortech International 563 40 ChemicalsZotefoams 683 49 ChemicalsZytek * 379 17 Automobiles & partsNotes:1. <strong>The</strong> above numbers following each company name indicate respectivelythe ranked position overall and the rank within the industry sector towhich the company has been allocated.2. Companies which are expected to publish their accounts on or near thecut-off date of 31 July <strong>2006</strong> have appended to their names the period enddate of the accounts included in the Scoreboard.82 <strong>The</strong> <strong>2006</strong> R&D Scoreboard<strong>The</strong> <strong>2006</strong> R&D Scoreboard 83
Ranking of the <strong>top</strong> <strong>1250</strong> global <strong>companies</strong> <strong>by</strong> R&D <strong>investment</strong> within industry sectors–––––––––––––––––– 2005/06 R&D <strong>investment</strong> –––––––––––––––––– ——–—–– Operating profit ——–—–– ––––––––––––––––– Sales and employees ––––––––––––––––– ————––—–––—— R&D and employees ——–—––——––––—–––––––––– Sales –––––––––– ––––– Sales / employee ––––– ––––––––– Employees ––––––––– ––––– R&D / employee ––––– Sales––––– Growth ––––– operating R&D + ––––– Growth ––––– ––––– Growth ––––– –––––– Growth ––––– ––––– Growth ––––– –––––– Growth ––––– outside –––Market cap –––change change profit sales capex as change change sales change change change change change change change change region changeCompany £m 1 yr % 4 yr % % % % sales £m 1 yr % 4 yr % % £m 1 yr % 4 yr % £000 1 yr % 4 yr % number 1 yr % 4 yr % £000 1 yr % 4 yr % % £m %All <strong>companies</strong> composite 249354.87 7.0 10.4 32.9 3.6 9.9 756934 16.0 91.9 11.0 6868241 8.9 18.3 203.4 5.0 14.4 32386006 1.1 -1.6 7.4 1.3 2.7 n/a 8512210 6.11 Aerospace & defence 10130.01 13.5 21.5 58.7 4.6 7.5 17245 28.8 69.1 7.8 221218 11.7 20.1 149.7 4.8 10.6 1473649 3.5 8.8 6.8 8.5 13.1 n/a 210246 11.3EADS, <strong>The</strong> Netherlands 1626.36 3 10 88.6 6.9 13.8 1837 20 377 7.8 23503 8 12 207.6 5 5 113210 2 6 14.4 1 3 60 13135 -13BAE Systems, <strong>UK</strong> 1449.00 31 41 161.9 13.2 16.0 895 164 542 8.1 11019 20 27 148.9 12 20 74000 7 6 19.6 22 34 59 11586 8Boeing, USA 1284.37 17 24 84.9 4.0 6.7 1513 14 9 4.7 31946 5 2 208.8 9 11 153000 -4 -9 8.4 22 35 n/a 24333 11Finmeccanica, Italy 1199.67 20 54 254.1 15.6 18.9 472 n/a 139 6.2 7672 48 56 145.2 30 26 52844 14 24 22.7 5 26 n/a 4968 15United Technologies, USA 796.25 9 16 26.9 3.2 5.4 2963 14 34 11.9 24886 14 38 112.0 8 11 222200 6 23 3.6 3 -9 n/a 37015 20Lockheed Martin, USA 606.94 8 26 37.5 2.8 5.1 1617 37 137 7.5 21676 5 26 160.6 1 20 135000 4 6 4.5 4 19 n/a 20137 23Rolls-Royce, <strong>UK</strong> 352.00 25 16 40.0 5.3 9.1 879 153 232 13.3 6603 11 11 185.5 10 20 35600 1 -7 9.9 23 25 71 7728 27Thales, France 346.02 16 20 137.9 4.9 7.1 251 -10 135 3.6 7052 0 -3 132.1 4 7 53367 -4 -10 6.5 20 32 39 3729 -10SAFRAN, France 322.94 n/a n/a n/m 5.4 8.9 -217 -248 -188 -3.6 5972 144 50 115.0 n/a n/a 51918 n/a n/a 6.2 n/a n/a 41 4327 18Northrop Grumman, USA 313.37 7 30 22.6 1.8 4.4 1385 19 75 7.7 17894 3 42 144.8 4 35 123600 -1 7 2.5 8 22 n/a 13038 14Raytheon, USA 292.99 2 -1 30.9 2.3 3.8 947 78 202 7.4 12753 8 22 159.4 7 21 <strong>800</strong>00 1 0 3.7 1 -2 15 11740 12General Dynamics, USA 200.37 5 29 15.5 1.6 2.9 1292 13 38 10.4 12374 11 38 171.4 8 16 72200 3 19 2.8 2 9 13 15835 18Dassault Aviation, France 195.52 1 n/a 69.1 8.3 10.6 283 -14 -7 12.0 2355 -1 1 194.5 -1 0 12109 1 1 16.1 0 n/a n/a 4119 n/aGoodrich, USA 155.46 7 34 53.2 4.9 8.9 292 41 44 9.3 3148 14 26 139.3 8 23 22600 6 2 6.9 1 30 43 3239 -7Smiths, <strong>UK</strong> 143.60 5 17 46.1 4.8 8.5 311 6 -6 10.3 3017 10 -14 105.8 3 9 28509 7 -22 5.0 -2 36 72 5094 1Rockwell Collins, USA 141.54 11 6 43.9 7.1 10.3 322 27 44 16.1 2007 18 30 117.3 9 13 17100 8 15 8.3 3 -8 27 5296 5Bombardier, Canada 101.93 38 -4 44.3 1.2 3.4 230 477 313 2.7 8681 10 -16 155.2 17 0 55922 -6 -16 1.8 47 15 51 2841 0SAAB, Sweden 61.77 5 7 60.8 4.4 6.0 102 -12 17 7.2 1414 8 15 117.7 9 25 1<strong>2006</strong> -1 -8 5.1 6 17 26 1496 43EMBRAER, Brazil 54.27 109 -22 19.0 2.4 3.8 285 -4 25 12.8 2231 11 39 131.6 -4 4 16953 16 33 3.2 81 -43 n/a 3700 13Cobham, <strong>UK</strong> 42.90 -12 15 30.0 3.9 7.5 143 6 22 13.1 1090 11 33 101.8 2 8 10715 9 24 4.0 -19 -6 62 1818 18Elbit Systems, Israel 41.88 8 20 116.0 6.7 12.2 36 -17 2 5.8 623 14 25 n/a n/a n/a n/a n/a n/a n/a n/a n/a 47 636 15Japan Aviation Electronics Industry, Japan 39.09 5 14 115.3 6.8 16.7 34 -14 7 5.9 572 2 5 125.4 -4 -5 4558 6 11 8.6 -1 3 n/a 747 n/aL-3 Communications, USA 38.27 -8 -1 6.7 0.7 2.0 575 32 98 10.5 5501 37 106 92.5 2 n/a 59500 35 n/a 0.6 -31 n/a 10 5079 -4BE Aerospace, USA 38.21 19 42 70.1 7.8 9.8 55 45 >999 11.1 492 15 28 123.5 1 17 3980 14 9 9.6 5 30 53 1069 90Industria de Turbo Propulsores, Spain 34.84 -38 -23 315.1 13.5 13.5 11 -57 -44 4.3 259 -1 -2 108.6 -6 -10 2384 6 8 14.6 -42 -28 n/a n/l n/lPatria, Finland 32.71 21 99 369.0 15.0 20.2 9 -57 -4 4.1 218 -8 20 117.9 -1 35 1848 -7 -12 17.7 30 121 n/a n/l n/lMeggitt, <strong>UK</strong> 30.77 11 28 30.0 5.0 7.7 102 51 76 16.6 616 29 43 108.5 0 0 5682 28 42 5.4 -13 -10 62 1254 -7FLIR Systems, USA 30.01 12 58 40.4 10.1 16.8 74 19 94 25.1 296 5 60 224.4 -38 -29 1320 69 131 22.7 -34 -31 n/a 965 -26Alliant Techsystems, USA 30.00 36 80 15.7 1.6 3.6 191 15 22 10.2 1874 15 41 123.3 6 18 15200 9 20 2.0 25 52 n/a 1611 n/aDRS Technologies, USA 27.73 22 109 26.5 2.7 5.2 104 34 104 10.3 1011 29 96 103.2 -25 n/a 9<strong>800</strong> 72 n/a 2.8 -29 n/a n/a 895 n/aTeledyne Technologies, USA 26.15 38 52 42.2 3.7 5.4 62 52 149 8.8 703 19 43 96.7 8 10 7270 10 30 3.6 25 16 n/a 754 n/aMoog, USA 25.37 47 46 40.1 4.1 8.1 63 15 34 10.3 612 12 35 91.9 -3 3 6662 15 32 3.8 27 10 45 835 n/aEsterline Technologies, USA 24.60 52 99 51.7 5.0 7.9 48 32 60 9.7 489 34 59 73.0 n/a n/a 6700 n/a n/a 3.7 n/a n/a n/a 473 n/aCurtiss-Wright, USA 23.11 17 121 29.3 3.5 7.3 79 22 62 12.0 659 18 77 111.8 13 32 5892 5 38 3.9 11 77 20 754 n/a2 Automobiles & parts 43883.39 5.4 12.5 99.3 4.2 10.8 44175 -20.8 9.4 4.2 1039615 4.4 10.3 206.6 1.4 6.5 4775262 0.8 -0.3 8.8 1.3 6.5 n/a 443240 11.2Ford Motor, USA 4659.83 8 7 109.7 4.5 8.8 4247 -32 146 4.1 103221 3 7 344.1 12 21 300000 -8 -12 15.5 17 20 n/a 7496 -30General Motors, USA 3902.61 3 11 n/m 3.5 7.7 -1255 -117 -121 -1.1 112188 0 4 334.9 -4 5 335000 3 -2 11.7 0 13 n/a 10173 -12DaimlerChrysler, Germany 3881.41 0 -3 194.5 3.8 8.2 1995 -14 89 1.9 102911 5 3 266.3 3 0 386465 2 3 10.0 -2 -6 n/a 27772 -13Toyota Motor, Japan 3726.77 11 25 41.4 4.1 14.4 9002 8 44 9.8 91555 7 23 344.5 7 15 265753 1 7 14.0 10 17 n/a 111189 32Volkswagen, Germany 2799.92 -2 0 147.2 4.3 17.3 1902 57 -9 2.9 65458 7 7 202.1 6 3 323831 1 4 8.6 -3 -3 27 14655 -6Honda Motor, Japan 2308.44 4 15 62.1 5.4 9.7 3720 5 27 8.7 42690 6 15 309.7 1 4 137827 5 12 16.7 -1 3 n/a 35507 25BMW, Germany 2140.31 11 30 85.2 6.7 27.3 2511 -1 8 7.8 32057 5 12 309.6 5 8 103546 0 4 20.7 11 26 n/a 17746 6Robert Bosch, Germany 2013.88 1 14 117.3 7.0 13.9 1717 5 48 5.9 28869 5 16 115.1 0 5 250862 5 10 8.0 -4 4 34 n/l n/lNissan Motor, Japan 1964.92 12 39 50.3 4.6 10.0 3907 5 53 9.2 42325 15 29 230.5 -22 -10 183607 48 44 10.7 -24 -4 n/a 28146 0Renault, France 1555.59 15 22 58.9 5.6 13.6 2641 -16 44 9.5 27767 -1 7 219.4 3 13 126584 -3 -5 12.3 19 29 n/a 16866 14Peugeot (PSA), France 1477.94 2 10 140.4 3.8 9.0 1053 -21 -29 2.7 38661 -1 4 185.4 -2 -1 208500 1 4 7.1 1 6 n/a 6408 -27Hyundai Motor, South Korea 1362.30 22 110 68.0 4.0 10.6 2003 30 28 5.9 33901 11 25 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 12032 10Delphi, USA 1281.45 5 17 n/m 8.2 12.6 -1272 n/m >-999 -8.1 15696 -6 -2 85.2 -5 1 184200 -1 -3 7.0 5 21 n/a n/l n/lDenso, Japan 1175.76 11 25 111.4 8.5 16.6 1055 17 32 7.6 13818 9 20 132.6 0 3 104183 9 17 11.3 2 7 n/a 17422 28Fiat, Italy 905.59 n/a n/a 120.8 2.9 8.7 750 n/a n/a 2.4 31481 n/a n/a 185.1 n/a n/a 170071 n/a n/a 5.3 n/a n/a 33 9468 n/aValeo, France 535.25 11 27 248.9 7.8 12.3 215 -7 145 3.2 6825 8 3 96.9 3 1 70400 5 3 7.6 6 23 n/a 1479 -20Aisin Seiki, Japan 471.53 7 29 103.2 5.2 14.1 457 20 57 5.1 9027 14 36 169.6 2 8 53237 12 27 8.9 -4 3 24 4986 16Visteon, USA 468.31 -10 -16 n/m 4.7 8.2 -1091 n/m n/m -11.0 9888 -9 -6 199.5 29 40 49575 -29 -34 9.4 27 27 n/a 652 -13Mazda Motor, Japan 448.31 3 3 85.7 3.4 6.8 523 44 105 3.9 13303 -8 15 372.8 -8 19 35680 0 -4 12.6 3 7 52 5194 84Suzuki Motor, Japan 428.65 15 44 85.2 3.7 9.1 503 36 86 4.3 11674 8 26 n/a n/a n/a n/a n/a n/a n/a n/a n/a 35 7587 41Continental, Germany 405.66 11 19 37.9 4.3 10.4 1069 41 147 11.2 9507 10 18 117.3 0 -1 81085 10 19 5.0 1 0 29 7836 19Bridgestone, Japan 391.93 9 16 31.5 3.0 10.3 1244 35 161 9.4 13282 11 18 107.4 2 4 123727 9 14 3.2 0 1 n/a 8650 -10Michelin, France 388.21 -16 -19 35.9 3.6 11.8 1081 49 62 10.1 10712 -1 0 84.1 -1 0 127319 1 0 3.0 -17 -19 51 4636 -9ZF, Germany 384.09 7 16 111.4 5.2 10.0 345 33 149 4.6 7443 9 25 138.0 11 12 53940 -1 11 7.1 9 5 28 n/l n/lYamaha Motor, Japan 353.44 5 21 71.9 5.2 10.0 492 15 60 7.2 6787 2 27 172.3 -5 8 39381 7 18 9.0 -3 3 53 4478 3784 <strong>The</strong> <strong>2006</strong> R&D Scoreboard<strong>The</strong> <strong>2006</strong> R&D Scoreboard 85
Ranking of the <strong>top</strong> <strong>1250</strong> global <strong>companies</strong> <strong>by</strong> R&D <strong>investment</strong> within industry sectors–––––––––––––––––– 2005/06 R&D <strong>investment</strong> –––––––––––––––––– ——–—–– Operating profit ——–—–– ––––––––––––––––– Sales and employees ––––––––––––––––– ————––—–––—— R&D and employees ——–—––——––––—–––––––––– Sales –––––––––– ––––– Sales / employee ––––– ––––––––– Employees ––––––––– ––––– R&D / employee ––––– Sales––––– Growth ––––– operating R&D + ––––– Growth ––––– ––––– Growth ––––– –––––– Growth ––––– ––––– Growth ––––– –––––– Growth ––––– outside –––Market cap –––change change profit sales capex as change change sales change change change change change change change change region changeCompany £m 1 yr % 4 yr % % % % sales £m 1 yr % 4 yr % % £m 1 yr % 4 yr % £000 1 yr % 4 yr % number 1 yr % 4 yr % £000 1 yr % 4 yr % % £m %2 Automobiles & parts continuedMitsubishi Motors, Japan 339.42 0 n/a n/m 3.2 9.9 -2114 n/m n/m -20.2 10475 -16 -34 283.4 -1 -11 36970 -15 -27 9.2 18 n/a 52 5564 77Fuji Heavy Industries, Japan 256.84 -10 -5 213.2 3.6 13.1 120 -50 -48 1.7 7139 0 5 264.5 2 5 26989 -1 0 9.5 -9 -5 49 2760 39Johnson Controls, USA 241.73 -19 -7 32.9 1.5 3.9 736 -3 12 4.6 16006 3 25 140.4 12 28 114000 -7 -2 2.1 -13 -5 n/a 8701 33Autoliv, Sweden 224.72 5 40 74.2 6.2 11.3 303 -1 41 8.4 3614 1 25 106.0 2 15 34100 -1 9 6.6 6 30 n/a 2690 11Goodyear, USA 212.61 -3 -2 36.6 1.9 5.1 581 29 496 5.1 11488 7 28 143.6 13 43 <strong>800</strong>00 -5 -11 2.7 1 10 n/a 1143 -37Hella, Germany 181.46 54 69 243.2 8.6 15.8 75 11 n/a 3.5 2110 -2 3 88.8 -4 -1 23758 2 4 7.6 51 63 n/a n/l n/lDana, USA 160.18 2 3 n/m 2.8 5.8 -299 -472 -489 -5.2 5736 8 6 130.4 13 45 44000 -4 -28 3.6 7 39 n/a 217 -84Toyota Industries, Japan 148.31 2 4 51.8 2.4 11.3 286 15 27 4.7 6127 7 25 197.7 -6 -2 30990 13 28 4.8 -10 -19 35 7544 36Behr, Germany 147.73 10 21 171.3 7.0 12.9 86 2 26 4.1 2097 0 10 115.8 -6 -4 18103 7 15 8.2 3 6 36 n/l n/lCalsonic Kansei, Japan 128.29 2 18 265.9 3.7 7.6 48 -41 -22 1.4 3430 12 35 229.4 17 39 14954 -4 -3 8.6 6 22 35 959 2Toyoda Gosei, Japan 120.92 8 n/a 132.1 5.6 15.3 92 -25 -14 4.3 2149 10 30 124.4 -2 -2 17279 12 33 7.0 -3 n/a n/a 1676 27Pirelli, Italy 119.56 -12 -19 28.1 2.7 6.4 426 55 645 9.8 4354 -11 -8 183.5 27 43 23725 -30 -36 5.0 25 27 n/a 2559 -16TRW Automotive, USA 118.24 17 n/a 34.6 1.6 5.6 341 40 n/a 4.6 7364 5 n/a 116.7 0 n/a 63100 5 n/a 1.9 11 n/a n/a 1634 -3Harley-Davidson, USA 113.88 5 33 13.3 3.5 7.1 853 8 46 26.5 3223 4 22 358.1 3 21 9000 1 2 12.7 4 32 16 8735 5Rheinmetall, Germany 107.19 3 -16 71.9 4.5 10.0 149 9 66 6.3 2373 1 -18 128.9 5 12 18415 -3 -27 5.8 6 14 22 1758 7ArvinMeritor, USA 101.93 12 18 126.8 1.8 3.3 80 42 -39 1.4 5718 22 33 197.2 31 47 29000 -6 -9 3.5 20 30 n/a 680 -17Lear, USA 101.35 -12 -6 n/m 1.0 4.3 -581 -237 -282 -5.8 9954 1 13 86.6 -4 10 115000 5 2 0.9 -16 -8 n/a 923 -41Koito Manufacturing, Japan 94.76 n/a n/a 107.7 5.3 11.1 88 25 71 4.9 1784 8 16 132.2 n/a n/a 13496 n/a n/a 7.0 n/a n/a n/a 1323 n/aBorgWarner, USA 93.78 31 42 46.6 3.8 9.5 201 1 76 8.0 2501 22 47 143.7 1 18 17400 20 25 5.4 9 14 n/a 1994 4GKN, <strong>UK</strong> 88.00 -1 1 83.8 2.4 8.3 105 n/a -27 2.9 3648 5 8 98.5 3 7 37047 1 0 2.4 -2 1 n/a 1982 -8Sumitomo Rubber Industries, Japan 80.24 3 13 33.7 3.2 11.5 238 20 101 9.4 2531 9 14 145.2 5 7 17433 4 6 4.6 -1 6 20 1389 -14Federal-Mogul, USA 77.30 -3 9 n/m 2.1 5.1 -49 n/m n/m -1.3 3661 2 11 87.8 9 24 41700 -7 -10 1.9 4 21 n/a 19 -25Burelle, France 72.47 152 183 138.9 4.6 9.5 52 11 23 3.3 1574 12 20 147.5 13 12 10670 0 6 6.8 154 163 28 183 31NGK Spark Plug, Japan 70.87 3 8 53.0 6.0 11.7 134 36 99 11.2 1190 5 7 126.5 4 6 9406 1 0 7.5 2 7 60 2785 53Yokohama Rubber, Japan 70.40 3 13 82.2 3.4 9.7 86 -6 -3 4.1 2072 4 6 153.9 3 3 13464 2 2 5.2 2 11 n/a 863 1Tata Motors, India 61.62 29 18 18.3 2.0 8.0 336 29 117 10.8 3101 22 83 104.7 15 n/a 29606 6 n/a 2.1 22 n/a n/a 3646 n/aProton Holdings Berhad, Malaysia 53.51 -36 n/a 46.8 4.1 14.6 114 54 n/a 8.8 1307 31 n/a 118.9 7 n/a 11000 23 n/a 4.9 -48 n/a n/a 426 -45Toyo Tire, Japan 48.32 2 9 89.5 3.6 11.8 54 68 21 4.1 1332 5 7 208.9 4 7 6377 2 0 7.6 1 9 n/a 483 -5Trelleborg, Sweden 48.23 7 28 40.2 2.7 5.6 120 81 74 6.8 1769 5 25 81.5 5 -2 21694 0 27 2.2 7 0 29 854 -4Akebono Brake Industry, Japan 47.15 8 5 97.8 7.2 11.1 48 10 118 7.4 656 -6 2 146.7 -3 n/a 4469 -3 n/a 10.6 11 n/a n/a 582 46ZF Lenksysteme, Germany 47.14 5 n/a 113.0 3.1 6.4 42 28 n/a 2.7 1531 8 30 164.0 n/a n/a 9337 n/a n/a 5.0 n/a n/a 19 n/l n/lEberspaecher, Germany 45.62 1 4 246.7 4.1 7.6 18 4 52 1.6 1126 12 17 190.0 -4 1 5925 16 15 7.7 -13 -10 n/a n/l n/lBallard Power Systems, Canada 43.97 -18 -23 n/m 140.5 152.8 -52 n/m n/m -167.7 31 -34 -34 51.5 6 23 608 -38 -49 72.3 32 48 41 392 10American Axle & Manufacturing, USA 42.87 7 25 68.7 2.2 11.2 62 -59 -64 3.2 1973 -6 -2 179.4 -7 3 11000 1 -6 3.9 6 32 22 503 -39Hankook Tire, South Korea 41.54 20 44 25.2 3.6 12.7 165 6 82 14.2 1162 9 24 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 1010 n/aChina Motor, Taiwan 41.27 -15 6 72.7 4.4 4.4 57 n/m -18 6.1 931 -27 -18 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 679 -14Polaris Industries, USA 39.69 12 41 32.2 3.6 8.4 123 22 35 11.3 1089 5 17 302.5 5 14 3600 0 2 11.0 12 37 n/a 922 -31Tenneco, USA 33.78 23 40 12.2 1.3 4.5 277 184 400 10.7 2587 5 20 136.1 2 22 19000 3 -2 1.8 19 42 n/a 619 25Showa, Japan 32.58 -16 -5 40.3 2.8 6.3 81 15 35 7.0 1153 6 25 133.6 -7 -9 8629 14 29 3.8 -26 -30 42 737 16Hyundai Mobis, South Korea 32.17 48 173 5.5 0.8 4.8 585 26 79 13.9 4209 38 103 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 4034 n/aGrammer, Germany 31.01 38 n/a 146.2 5.3 9.0 21 -22 -17 3.6 590 4 10 72.0 0 1 8197 5 10 3.8 32 n/a 23 139 n/aNissin Kogyo, Japan 30.05 10 33 44.4 4.3 11.3 68 9 8 9.7 696 13 25 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 782 65Modine Manufacturing, USA 28.28 52 58 50.3 2.8 7.5 56 -2 46 5.6 997 11 39 126.3 26 40 7896 -12 0 3.6 73 57 n/a 455 n/aHaldex, Sweden 27.59 14 24 96.4 5.0 9.4 29 25 86 5.2 548 11 18 119.0 4 5 4606 7 12 6.0 7 10 54 260 10Ichikoh Industries, Japan 26.83 8 14 n/m 4.6 13.4 -6 n/m -154 -1.0 583 -1 3 n/a n/a n/a n/a n/a n/a n/a n/a n/a 9 158 2Beru, Germany † 24.79 15 41 75.5 8.8 17.0 33 -7 -11 11.7 280 6 21 103.0 4 5 2720 2 15 9.1 13 24 23 533 11Sanden, Japan 24.39 12 20 72.5 2.1 8.2 34 -42 20 2.9 1150 3 10 149.0 0 7 7718 4 2 3.2 8 18 n/a n/l n/lPorsche, Germany 23.12 -29 n/a 2.8 0.5 13.5 838 9 42 18.5 4517 7 25 381.0 5 10 11854 2 14 2.0 -30 n/a 42 4689 n/aStoneridge, USA 22.83 8 34 138.5 5.8 10.1 16 n/a n/a 4.2 391 -1 7 65.2 -1 n/a 6000 0 n/a 3.8 8 n/a n/a 123 n/aIMMSI, Italy 21.18 -20 n/a 73.3 2.0 6.3 29 -14 n/a 2.7 1063 36 n/a 149.3 26 n/a 7124 8 n/a 3.0 -26 n/a n/a 412 24Gentex, USA 20.42 14 39 25.1 6.5 16.5 81 -10 12 26.0 312 6 28 138.0 -2 10 2264 8 17 9.0 5 19 n/a 1143 n/aBrembo, Italy 19.74 n/a n/a 40.7 4.0 15.6 48 7 38 9.9 489 5 18 113.5 -4 0 4308 9 19 4.6 n/a n/a 13 361 23Exedy, Japan 19.47 -1 0 42.3 2.9 10.9 46 -8 19 6.8 673 11 21 102.6 -6 -6 6558 18 29 3.0 -16 -23 19 835 n/a3 Banks 990.85 25.2 n/a 2.7 0.9 0.9 36907 14.8 58.4 34.7 106294 14.1 36.3 144.5 5.1 17.3 735356 8.5 16.7 1.3 17.8 n/a n/a 292704 12.5Royal Bank of Scotland, <strong>UK</strong> 329.00 9 n/a 4.1 1.3 1.3 8029 10 43 31.0 25902 11 40 178.8 2 13 144900 9 24 2.3 0 n/a 18 55422 12HSBC, <strong>UK</strong> 244.64 34 n/a 2.1 0.7 0.7 11803 7 64 35.2 33572 12 59 126.6 4 25 265285 8 30 0.9 23 n/a 66 109973 7Banca Intesa, Italy 96.88 n/a n/a 3.4 1.5 1.5 2873 52 290 45.2 6356 12 -1 108.3 13 11 58703 0 -11 1.7 n/a n/a n/a 23267 42Sanpaolo IMI, Italy 71.46 n/a n/a 3.4 1.4 1.4 2077 32 87 39.2 5295 33 19 121.9 33 15 43426 0 3 1.6 n/a n/a n/a 15454 27Barclays, <strong>UK</strong> 68.00 45 n/a 1.3 0.4 0.4 5280 16 39 30.5 17333 23 41 186.8 2 17 92<strong>800</strong> 21 21 0.7 20 n/a 27 41362 11Rabobank, <strong>The</strong> Netherlands 58.40 27 n/a 3.2 0.9 0.9 1843 5 19 28.6 6433 2 6 134.4 7 22 47876 -5 -14 1.2 34 n/a n/a n/l n/lStandard Chartered, <strong>UK</strong> 51.26 6 n/a 3.3 1.3 1.3 1562 19 73 39.1 3996 27 44 91.0 -3 0 43899 32 45 1.2 -20 n/a n/a 18039 12Danske Bank, Denmark 38.23 53 n/a 2.4 1.2 1.2 1588 36 45 48.1 3300 19 31 177.7 6 21 18576 12 8 2.1 36 n/a n/a 14694 2586 <strong>The</strong> <strong>2006</strong> R&D Scoreboard<strong>The</strong> <strong>2006</strong> R&D Scoreboard 87
Ranking of the <strong>top</strong> <strong>1250</strong> global <strong>companies</strong> <strong>by</strong> R&D <strong>investment</strong> within industry sectors–––––––––––––––––– 2005/06 R&D <strong>investment</strong> –––––––––––––––––– ——–—–– Operating profit ——–—–– ––––––––––––––––– Sales and employees ––––––––––––––––– ————––—–––—— R&D and employees ——–—––——––––—–––––––––– Sales –––––––––– ––––– Sales / employee ––––– ––––––––– Employees ––––––––– ––––– R&D / employee ––––– Sales––––– Growth ––––– operating R&D + ––––– Growth ––––– ––––– Growth ––––– –––––– Growth ––––– ––––– Growth ––––– –––––– Growth ––––– outside –––Market cap –––change change profit sales capex as change change sales change change change change change change change change region changeCompany £m 1 yr % 4 yr % % % % sales £m 1 yr % 4 yr % % £m 1 yr % 4 yr % £000 1 yr % 4 yr % number 1 yr % 4 yr % £000 1 yr % 4 yr % % £m %3 Banks continuedDexia, Belgium 32.98 586 n/a 1.8 0.8 0.8 1852 16 44 45.1 4106 6 8 206.4 5 11 19891 1 -3 1.7 577 n/a n/a 14493 44 Beverages 182.69 1.4 10.6 18.2 1.4 5.1 1003 0.1 40.1 7.6 13151 26 31.9 355.7 29.2 34.1 36967 -2.5 -1.6 4.9 4.0 13.2 n/a 12575 39.1Kirin Brewery, Japan 141.77 2 14 24.8 2.3 7.4 571 4 34 9.4 6094 1 7 275.9 1 9 22089 0 -2 6.4 2 16 0 8329 49Asahi Breweries, Japan 40.92 0 10 9.5 0.6 3.0 431 -4 49 6.1 7057 61 66 474.4 70 67 14878 -6 -1 2.8 6 12 n/a 4246 245 Chemicals 11383.11 -0.9 -3.3 34.4 3.2 8.7 33074 42.4 105.6 9.2 358624 10.3 15.3 262.0 14.8 28.4 1324287 -3.6 -8.6 8.3 1.0 5.8 n/a 337208 9.6Bayer, Germany 1295.86 -22 -23 66.6 6.9 11.6 1947 77 646 10.3 18815 -8 -7 202.0 12 17 93163 -18 -21 13.9 -4 -3 56 20037 35EI du Pont de Nemours, USA 778.19 0 -3 40.2 5.0 10.0 1938 68 42 12.5 15517 -3 3 258.6 -3 26 60000 0 -20 13.0 0 19 52 21349 -12BASF, Germany 746.39 -7 -7 17.8 2.5 7.7 4196 38 126 14.3 29370 14 26 362.6 15 37 80992 -1 -8 9.2 -6 1 44 22136 -3Dow Chemical, USA 625.00 5 4 17.5 2.3 5.8 3575 41 248 13.3 26973 15 44 636.0 17 61 42413 -2 -12 14.7 7 17 62 20010 -28AKZO Nobel, <strong>The</strong> Netherlands 575.10 1 -4 58.1 6.4 10.4 990 79 34 11.1 8932 2 -3 145.5 6 4 61400 -3 -7 9.4 5 4 42 8525 2Syngenta, Switzerland 478.80 2 11 95.4 10.1 12.3 502 101 139 10.6 4720 11 23 244.1 13 36 19337 -1 -10 24.8 3 23 n/a 8670 26Mitsubishi Chemical, Japan 440.29 1 7 79.8 4.1 7.2 551 48 213 5.1 10805 14 19 324.9 15 27 33261 -1 -7 13.2 2 15 n/a 6634 69Sumitomo Chemical, Japan 385.97 4 14 66.6 6.0 16.4 580 78 73 9.1 6398 12 20 316.8 5 6 20195 6 13 19.1 -2 1 n/a 7690 44Monsanto, USA 342.50 15 n/a 164.2 9.3 13.8 209 -24 n/a 5.7 3666 15 n/a 222.2 -12 n/a 16500 31 n/a 20.8 -12 n/a n/a 14335 41Solvay, Belgium 327.74 12 18 86.9 5.3 11.4 377 -29 -10 6.1 6220 15 13 216.5 17 4 28730 -2 7 11.4 14 10 n/a 5471 5Asahi Kasei, Japan 250.29 5 3 52.5 3.7 8.9 477 96 >999 7.0 6799 10 12 285.4 15 22 23820 -5 -8 10.5 10 12 n/a 5279 32DSM, <strong>The</strong> Netherlands 199.26 1 3 40.8 3.5 8.2 488 116 144 8.7 5631 6 15 246.5 13 9 22839 -7 6 8.7 9 -3 48 4171 -3Toray Industries, Japan 181.53 3 0 60.4 2.8 7.9 300 18 56 4.7 6409 19 23 190.1 16 25 33707 2 -2 5.4 0 2 n/a 6695 76PPG Industries, USA 179.99 2 8 30.4 3.0 5.9 591 -11 36 10.0 5942 7 18 192.9 11 28 30<strong>800</strong> -3 -8 5.8 5 16 n/a 6022 -7Mitsui Chemicals, Japan 172.14 6 -4 56.7 2.8 6.2 304 83 93 5.0 6058 13 22 495.4 14 27 12228 -1 -4 14.1 7 0 3 3029 4Rohm & Haas, USA 159.02 3 10 27.9 3.4 7.6 571 15 114 12.3 4656 10 27 281.9 11 34 16519 -1 -5 9.6 4 16 52 5880 -3Shin-Etsu Chemical, Japan 157.94 15 17 17.0 2.8 14.1 929 24 45 16.7 5566 17 34 294.7 12 22 18888 4 10 8.4 10 6 36 14819 49Linde, Germany 155.97 21 28 24.8 2.4 9.9 628 41 73 9.6 6528 1 5 155.1 9 14 42081 -8 -8 3.7 31 39 29 6970 3Teijin, Japan 148.17 -9 -4 72.2 3.3 8.1 205 -10 139 4.6 4483 4 5 236.4 13 25 18960 -8 -16 7.8 -1 14 n/a 2991 5ICI, <strong>UK</strong> 147.00 0 -3 25.3 2.5 5.2 580 31 69 10.0 5812 4 -3 178.7 8 10 32530 -4 -12 4.5 4 10 68 4365 25Ciba Specialty Chemicals, Switzerland 133.03 5 6 n/m 4.1 7.8 -58 -124 -121 -1.8 3279 6 6 171.6 7 6 19105 -1 0 7.0 6 6 55 2138 -18LG Chem, South Korea 109.69 11 n/a 34.9 2.6 8.6 314 -47 -29 7.3 4292 -16 6 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 1534 -5Wacker-Chemie, Germany 100.93 -3 -4 61.0 5.3 15.8 166 76 266 8.7 1893 8 5 131.2 15 19 14434 -6 -12 7.0 3 8 49 3277 n/aL'Air Liquide, France 96.95 -5 33 9.7 1.4 10.3 1000 20 22 14.0 7170 11 23 199.7 11 10 35900 0 11 2.7 -5 21 n/a 13069 19Clariant, Switzerland 96.35 -20 -35 66.1 2.7 6.9 146 -29 96 4.0 3616 -4 -10 154.6 2 5 23383 -6 -14 4.1 -16 -24 35 1584 -22Eastman Chemical, USA 94.36 -4 -6 17.5 2.3 7.2 538 416 >999 13.1 4112 7 22 342.6 7 46 12000 0 -18 7.9 -4 13 n/a 2436 -5Rhodia, France 92.07 -22 -31 48.9 2.5 7.3 188 n/a n/a 5.1 3710 2 -12 190.8 8 7 19444 -6 -18 4.7 -17 -16 n/a 1390 85Showa Denko, Japan 85.79 -1 6 93.2 2.1 7.0 92 -37 48 2.3 4007 10 15 360.4 10 16 11118 0 0 7.7 -1 6 n/a 2774 46Kaneka, Japan 83.22 7 16 37.5 3.6 10.1 222 14 62 9.7 2291 6 19 313.6 -4 8 7306 10 9 11.4 -3 6 21 1976 -17JSR, Japan 79.11 6 35 36.5 5.2 11.0 217 44 162 14.4 1507 11 25 345.5 10 n/a 4362 1 n/a 18.1 5 n/a 4 3461 14Dainippon Ink & Chemicals, Japan 78.55 6 21 40.3 1.6 5.8 195 -6 39 3.9 4949 3 3 185.0 2 8 26757 1 -5 2.9 5 26 50 1631 14Lubrizol, USA 77.94 24 40 35.9 3.3 6.6 217 75 111 9.1 2388 30 82 318.3 35 37 7500 -4 33 10.4 28 2 51 1746 4Air Products and Chemicals, USA 77.30 5 8 12.3 1.6 13.0 629 12 27 13.3 4743 10 31 234.8 8 20 20200 2 10 3.8 3 -2 n/a 8332 5Lanxess, Germany 69.40 n/a n/a n/m 1.4 4.8 -5 n/a n/a -0.1 4913 n/a n/a 268.7 n/a n/a 18282 n/a n/a 3.8 n/a n/a 44 1729 n/aKuraray, Japan 68.47 1 10 54.3 3.9 17.3 126 34 124 7.2 1751 7 11 253.1 4 13 6919 2 -1 9.9 -1 11 23 2513 28SNPE, France 65.00 -17 -16 n/m 12.1 18.2 -60 n/m n/m -11.2 535 -2 -2 113.4 6 11 4719 -7 -11 13.8 -10 -5 25 n/l n/lCognis Deutschland, Germany 63.21 39 31 167.3 2.9 6.7 38 -48 -44 1.7 2182 3 3 274.9 5 13 7938 -2 -8 8.0 42 44 49 n/l n/lEngelhard, USA(now part of BASF, Germany) 63.02 8 18 33.5 2.4 5.4 188 4 4 7.0 2678 10 10 377.1 1 1 7100 9 9 8.9 -1 9 n/a n/l n/lUBE Industries, Japan 61.63 9 4 37.9 2.1 6.7 163 65 223 5.5 2938 6 12 275.3 10 19 10673 -4 -6 5.8 13 11 n/a 1544 16Johnson Matthey, <strong>UK</strong> 58.80 9 17 25.9 1.2 3.6 227 39 32 4.8 4756 3 4 638.3 4 2 7451 -1 2 7.9 10 15 59 2806 14Huntsman, USA 55.63 15 66 11.7 0.7 3.3 477 209 320 6.3 7564 13 84 700.4 18 n/a 10<strong>800</strong> -4 n/a 5.2 20 n/a n/a 2265 -20Daicel Chemical Industries, Japan 55.37 1 -3 n/m 3.7 11.9 -2 -103 -103 -0.1 1512 9 14 259.8 5 7 5819 4 7 9.5 -3 -9 n/a 1555 27FMC, USA 54.99 1 4 28.5 4.4 8.7 193 67 >999 15.4 1252 5 11 250.5 7 21 5000 -2 -9 11.0 3 14 60 1341 -17Sumitomo Bakelite, Japan 54.50 9 15 66.5 4.9 8.9 82 40 74 7.4 1103 31 33 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 1184 30Celanese, USA 53.01 -14 -9 12.5 1.5 5.0 425 355 290 12.0 3536 1 11 380.2 -1 24 9300 2 -12 5.7 -15 3 n/a 1635 -19Lyondell Chemical, USA 53.01 122 160 6.7 0.5 1.8 788 157 624 7.3 10838 212 358 1083.8 210 102 10000 1 101 5.3 120 8 26 3280 n/aMitsubishi Gas Chemical, Japan 52.93 2 -8 32.1 2.8 6.9 165 78 430 8.6 1918 14 24 433.3 17 33 4426 -2 -7 12.0 5 -1 5 2876 75Mitsubishi Rayon, Japan 51.28 -6 -4 40.7 3.1 11.0 126 23 190 7.7 1629 7 6 190.5 7 13 8551 0 -6 6.0 -6 1 n/a 2675 83Tosoh, Japan 50.34 -1 2 18.9 1.7 8.3 267 158 235 9.2 2904 21 30 317.4 22 27 9148 -1 2 5.5 0 0 n/a 1282 -12Avery Dennison, USA 49.74 4 13 24.6 1.6 4.5 203 -19 -16 6.4 3188 2 21 141.1 -3 7 22600 6 14 2.2 -2 -1 58 3793 5Nippon Shokubai, Japan 47.03 1 3 41.9 4.8 10.9 112 67 170 11.5 973 16 21 357.7 14 31 2721 2 -8 17.3 -1 12 23 1375 29Nippon Kayaku, Japan 46.87 11 11 90.7 7.1 13.0 52 16 19 7.8 662 5 9 163.6 2 0 4049 3 9 11.6 8 2 n/a 916 18Praxair, USA 46.60 4 11 6.1 1.0 12.5 758 17 44 17.0 4459 16 36 163.3 15 27 27306 1 7 1.7 3 4 n/a 10361 7Valspar, USA 46.18 4 18 29.3 2.9 5.2 157 0 19 10.0 1581 11 24 209.7 11 17 7540 1 7 6.1 4 10 n/a 1489 2Toyobo, Japan 45.41 2 2 48.1 2.3 5.8 94 310 n/a 4.9 1943 6 3 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 1080 1088 <strong>The</strong> <strong>2006</strong> R&D Scoreboard<strong>The</strong> <strong>2006</strong> R&D Scoreboard 89
Ranking of the <strong>top</strong> <strong>1250</strong> global <strong>companies</strong> <strong>by</strong> R&D <strong>investment</strong> within industry sectors–––––––––––––––––– 2005/06 R&D <strong>investment</strong> –––––––––––––––––– ——–—–– Operating profit ——–—–– ––––––––––––––––– Sales and employees ––––––––––––––––– ————––—–––—— R&D and employees ——–—––——––––—–––––––––– Sales –––––––––– ––––– Sales / employee ––––– ––––––––– Employees ––––––––– ––––– R&D / employee ––––– Sales––––– Growth ––––– operating R&D + ––––– Growth ––––– ––––– Growth ––––– –––––– Growth ––––– ––––– Growth ––––– –––––– Growth ––––– outside –––Market cap –––change change profit sales capex as change change sales change change change change change change change change region changeCompany £m 1 yr % 4 yr % % % % sales £m 1 yr % 4 yr % % £m 1 yr % 4 yr % £000 1 yr % 4 yr % number 1 yr % 4 yr % £000 1 yr % 4 yr % % £m %5 Chemicals continuedAvecia, <strong>UK</strong> 45.40 -21 -22 n/m 11.1 14.9 -61 n/m >-999 -15.0 407 -16 -39 161.1 3 -1 2527 -19 -38 18.0 -3 21 n/a n/l n/lBasell AF SCA, Luxembourg † 44.89 n/a n/a 27.7 1.3 4.2 162 n/a n/a 4.7 3419 n/a n/a 512.8 n/a n/a 6667 n/a n/a 6.7 n/a n/a 28 n/l n/lZeon, Japan 44.23 6 27 62.3 3.9 10.7 71 118 159 6.2 1142 8 14 410.1 11 16 2784 -2 -1 15.9 8 29 21 1492 24Tokuyama, Japan 43.76 1 10 57.4 3.7 10.7 76 14 56 6.5 1172 8 4 255.8 8 6 4584 0 -2 9.5 1 12 0 2148 69BOC, <strong>UK</strong> 43.20 4 -8 8.4 1.2 11.7 514 -5 13 13.7 3755 -3 0 103.2 18 25 36380 -18 -20 1.2 26 15 n/a 8253 56Nissan Chemical Industries, Japan 42.61 -1 19 49.0 5.3 8.4 87 24 85 10.9 797 4 11 351.0 5 4 2269 -1 3 18.8 1 12 n/a 1352 3Denki Kagaku Kogyo KK, Japan 41.66 0 1 35.7 3.0 7.7 117 56 121 8.4 1382 12 11 291.1 n/a n/a 4747 n/a n/a 8.8 n/a n/a 0 1167 9JohnsonDiversey, USA 41.36 -6 13 61.2 2.1 4.4 68 -24 -7 3.5 1928 4 41 160.7 4 n/a 12000 0 n/a 3.4 -6 n/a n/a n/l n/lCytec Industries, USA 39.90 71 94 55.5 2.3 5.9 72 -32 -12 4.2 1704 70 97 233.4 5 20 7300 62 65 5.5 6 18 54 1477 n/aEcolab, USA 39.83 11 38 12.6 1.5 7.4 316 2 25 12.0 2641 8 32 117.9 3 22 22400 5 9 1.8 6 27 n/a 6371 27Newmarket, USA 38.09 0 14 91.0 6.1 7.7 42 14 658 6.7 626 20 42 556.4 21 40 1126 -1 2 33.8 1 12 54 533 234Hexion Specialty Chemicals, USA 36.11 214 212 33.5 1.4 3.7 108 500 483 4.1 2604 165 211 372.0 -9 13 7000 192 175 5.2 8 14 n/a n/l n/lNippon Paint, Japan 34.68 -5 n/a 69.9 3.5 6.6 50 -14 9 5.0 1001 2 3 n/a n/a n/a n/a n/a n/a n/a n/a n/a 5 705 21WR Grace, USA 34.48 16 19 36.2 2.3 5.5 95 n/a n/a 6.4 1497 14 32 233.9 15 32 6400 -2 0 5.4 18 19 n/a 352 -1Cabot, USA 34.37 11 11 n/m 2.8 11.5 -33 -128 -135 -2.6 1238 10 22 281.3 7 21 4400 2 1 7.8 9 10 71 1151 -6Tokai Rubber Industries, Japan 33.17 1 7 35.9 3.1 10.9 92 -6 43 8.5 1087 11 23 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 893 n/aKureha Chemical Industry(now Kureha), Japan 31.87 1 5 73.9 5.0 14.2 43 24 103 6.7 644 -3 -7 169.7 -2 1 3793 -2 -8 8.4 3 14 n/a 490 3Ishihara Sangyo Kaisha, Japan 30.48 4 3 77.6 6.4 11.8 39 28 71 8.2 476 3 3 250.0 -4 -2 1905 7 5 16.0 -3 -1 n/a 322 -29Chemtura, USA 30.19 5 -22 111.2 1.7 5.0 27 209 n/a 1.5 1819 22 25 275.6 -11 13 6600 38 8 4.6 -24 -27 47 1115 -55Kemira, Finland 29.61 -5 -3 37.1 2.2 7.9 80 -10 8 5.8 1370 -21 -23 177.6 -1 2 7717 -21 -24 3.8 19 28 n/a 1099 11NOVA Chemicals, Canada 29.12 4 16 >999.9 0.9 8.4 2 -99 -95 0.1 3271 7 45 908.7 21 73 3600 -12 -17 8.1 19 39 21 1456 -15Sigma-Aldrich, USA 29.01 17 22 13.8 3.0 8.5 211 13 34 21.7 971 18 31 141.7 6 17 6849 12 12 4.2 5 9 n/a 2773 n/aTokyo Ohka Kogyo, Japan 28.62 -14 0 70.4 6.5 10.1 41 -5 60 9.3 439 7 14 n/a n/a n/a n/a n/a n/a n/a n/a n/a 15 677 9Borealis, Denmark 28.17 0 -2 12.9 0.9 5.4 219 -3 137 6.6 3308 4 24 728.1 13 39 4543 -8 -11 6.2 9 10 7 n/l n/lLonza, Switzerland 27.84 -11 -28 21.1 2.5 12.6 132 42 0 11.9 1114 16 14 191.2 8 16 5826 7 -2 4.8 -17 -26 50 1963 17NOF, Japan 27.64 -3 -1 61.6 4.2 10.7 45 24 159 6.8 660 -3 -3 192.0 -54 n/a 3437 111 n/a 8.0 -54 n/a n/a 698 53Kansai Paint, Japan 27.31 -7 -9 31.8 2.8 5.3 86 20 79 8.8 971 6 8 152.0 -2 n/a 6388 9 n/a 4.3 -14 n/a 2 1218 15Nippon Soda, Japan 26.34 6 n/a 136.7 3.7 6.7 19 49 n/a 2.7 712 7 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 10 398 56Ashland, USA 26.21 5 16 2.4 0.5 4.3 1097 193 268 19.1 5743 12 25 274.8 14 38 20900 -1 -10 1.3 6 28 n/a 2753 2Toagosei, Japan 24.83 -4 -8 47.8 3.5 8.7 52 62 408 7.3 712 9 6 274.2 15 18 2597 -5 -10 9.6 1 2 3 583 -27Ferro, USA 24.70 16 32 60.5 2.3 4.4 41 22 -28 3.8 1074 12 20 153.4 9 30 7003 2 -9 3.5 13 43 n/a 405 n/aAlbemarle, USA 24.28 33 89 21.5 2.0 5.3 113 118 100 9.2 1228 39 86 331.8 39 61 3700 0 17 6.6 33 64 61 1453 n/aSolutia, USA 23.88 3 -10 38.7 1.5 4.3 62 n/a n/a 3.8 1646 5 11 304.7 11 49 5400 -5 -29 4.4 8 22 n/a 26 n/aHercules, USA 23.82 -5 -14 74.0 2.0 5.2 32 -47 26 2.7 1205 4 1 259.1 10 30 4650 -6 -25 5.1 1 12 47 927 7Sud-Chemie, Germany 23.64 11 16 47.9 3.5 8.9 49 46 101 7.4 670 13 23 130.8 12 9 5126 1 12 4.6 10 2 49 407 13Sumco, Japan 22.46 7 n/a 5.6 2.1 208.5 400 207 n/a 36.7 1088 14 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 4184 n/aEMS-Chemie, Switzerland 20.38 4 -14 20.8 3.6 7.4 98 14 32 17.2 569 2 4 277.1 22 38 2055 -16 -25 9.9 25 16 n/a 1754 n/aSanyo Chemical Industries, Japan 20.12 5 0 64.5 4.4 14.3 31 21 2 6.8 461 10 14 329.4 10 13 1400 0 0 14.4 5 1 5 489 n/a6 Construction & building materials 1177.94 -1.9 -2.6 18.8 0.9 5.7 6254 -9.3 14.4 5.0 124661 7.5 9.3 158.8 16.6 16.7 785128 2.9 -2.0 1.5 0.6 -1.1 n/a 80781 14.1Saint-Gobain, France 209.56 0 -2 12.3 0.9 5.9 1706 11 12 7.1 24124 10 15 129.5 3 6 186266 7 9 1.1 -6 -10 30 13730 16Asahi Glass, Japan 156.47 -2 -1 46.8 2.1 15.0 335 -45 11 4.4 7534 3 7 132.5 3 1 56857 0 6 2.8 -2 -7 33 8874 34Bouygues, France 94.13 1 -25 8.0 0.6 5.5 1173 14 33 7.0 16791 15 15 141.0 12 20 119094 2 -5 0.8 -2 -21 15 9060 7Hilti, Liechtenstein 86.05 6 32 60.3 5.4 9.5 143 16 39 8.9 1608 10 17 100.2 4 7 16050 6 9 5.4 0 21 34 n/l n/lJS, Japan 68.74 -4 27 26.9 1.4 6.9 256 -6 53 5.3 4867 2 14 164.0 0 -6 29682 2 14 2.3 -6 -1 n/a 4134 29American Standard Companies, USA 66.40 -19 -21 13.7 1.1 4.0 486 78 37 8.1 5979 8 23 97.7 8 22 61200 0 1 1.1 -18 -22 44 4645 -16Toto, Japan 58.17 4 -1 43.4 2.4 6.2 134 2 122 5.6 2390 3 10 129.0 -4 2 18519 8 8 3.1 -4 -8 n/a 2128 27Kajima, Japan 49.48 -10 -14 34.6 0.6 1.3 143 897 n/a 1.7 8327 4 -10 880.3 9 4 9460 -5 -13 5.2 -5 -1 9 2732 11Taisei, Japan 44.39 -5 -8 20.4 0.5 1.3 217 n/a >999 2.6 8429 7 2 504.0 n/a n/a 16723 n/a n/a 2.7 n/a n/a 1 2104 -8Nippon Sheet Glass, Japan 39.21 3 2 66.4 3.0 7.5 59 9 27 4.5 1308 -2 -7 108.9 -7 -5 1<strong>2006</strong> 5 -3 3.3 -2 5 1 1210 11Fortune Brands, USA 38.39 -4 11 5.7 0.8 3.6 670 -2 31 14.3 4674 10 31 154.3 15 29 30298 -5 -1 1.3 1 9 n/a 6212 -20Lafarge, France 37.79 2 1 2.5 0.3 8.9 1538 21 33 14.0 10972 11 13 136.9 6 10 80146 4 2 0.5 -2 -2 51 11874 26Shimizu, Japan 35.90 -6 -6 18.7 0.5 1.1 192 19 17 2.6 7325 -4 -7 600.9 n/a n/a 12190 n/a n/a 2.9 n/a n/a n/a 2492 2Owens Corning, USA 33.78 23 37 n/m 0.9 5.5 -2182 -931 n/m -59.2 3683 11 25 184.2 0 14 20000 11 10 1.7 11 25 n/a 35 -75HeidelbergCement, Germany 29.55 -2 -3 4.3 0.6 7.3 691 828 116 12.9 5361 13 18 129.9 15 8 41260 -2 9 0.7 0 -12 n/a 7767 73Central Glass, Japan 29.23 9 16 30.2 3.0 10.0 97 -8 15 10.1 958 7 7 217.7 n/a n/a 4403 n/a n/a 6.6 n/a n/a 15 698 -12Taiheiyo Cement, Japan 29.03 -2 -17 15.7 0.7 4.5 185 4 >999 4.3 4307 -1 -8 246.5 3 n/a 17469 -3 n/a 1.7 1 n/a 9 2123 19Novar, <strong>UK</strong>(now part of Honeywell Acquisitions) 26.20 -12 -5 62.1 1.8 4.5 42 n/a -25 2.9 1479 3 -3 110.3 4 7 13405 0 -9 2.0 -12 4 67 n/l n/lLennox International, USA 23.47 7 7 16.2 1.2 3.1 145 n/a n/a 7.4 1961 13 10 122.6 6 23 16000 7 -11 1.5 0 18 n/a 963 n/aPilkington, <strong>UK</strong>(now part of NSG <strong>UK</strong> Enterprises) 22.00 -24 -27 9.8 0.9 6.3 224 -7 6 8.7 2582 6 6 107.1 5 11 24100 1 -4 0.9 -25 -23 39 n/l n/l90 <strong>The</strong> <strong>2006</strong> R&D Scoreboard<strong>The</strong> <strong>2006</strong> R&D Scoreboard 91
Ranking of the <strong>top</strong> <strong>1250</strong> global <strong>companies</strong> <strong>by</strong> R&D <strong>investment</strong> within industry sectors–––––––––––––––––– 2005/06 R&D <strong>investment</strong> –––––––––––––––––– ——–—–– Operating profit ——–—–– ––––––––––––––––– Sales and employees ––––––––––––––––– ————––—–––—— R&D and employees ——–—––——––––—–––––––––– Sales –––––––––– ––––– Sales / employee ––––– ––––––––– Employees ––––––––– ––––– R&D / employee ––––– Sales––––– Growth ––––– operating R&D + ––––– Growth ––––– ––––– Growth ––––– –––––– Growth ––––– ––––– Growth ––––– –––––– Growth ––––– outside –––Market cap –––change change profit sales capex as change change sales change change change change change change change change region changeCompany £m 1 yr % 4 yr % % % % sales £m 1 yr % 4 yr % % £m 1 yr % 4 yr % £000 1 yr % 4 yr % number 1 yr % 4 yr % £000 1 yr % 4 yr % % £m %7 Electricity 1536.55 -0.3 -2.6 8.0 1.0 12.6 19138 29.4 21.9 12.6 151604 4.7 7.7 292.9 4.2 6.7 462902 -8.5 -9.1 3.1 3.0 -0.2 n/a 142239 n/aAREVA, France 280.34 1 17 57.9 4.0 8.1 484 17 >999 7.0 6957 -9 11 118.4 9 2 58760 -16 8 4.8 21 7 37 459 -5Electricite de France, France 276.21 -5 -3 5.1 0.8 12.2 5467 137 115 15.6 35077 9 17 223.8 8 22 156765 0 -5 1.8 -6 2 n/a 55389 n/aKorea Electric Power, South Korea 225.20 8 6 9.5 1.5 25.3 2360 -9 -13 16.1 14662 6 20 397.9 -6 0 36853 13 20 6.1 -4 -12 n/a 14168 6Tokyo Electric Power, Japan 173.62 -5 -23 6.5 0.7 11.8 2652 26 -5 10.6 24909 4 0 466.6 1 -4 53380 3 4 3.3 -8 -26 n/a 21177 11Kansai Electric Power, Japan 113.61 -1 -17 8.0 0.9 12.1 1413 6 -2 11.0 12898 3 0 387.6 5 5 33276 -2 -5 3.4 1 -12 n/a 12875 8Chubu Electric Power, Japan 79.07 -9 -17 5.6 0.8 7.6 1424 6 -5 13.5 10528 2 -3 625.4 5 5 16834 -3 -7 4.7 -6 -11 n/a 11075 5Vattenfall, Sweden 78.83 33 80 3.8 0.8 10.3 2083 90 106 22.0 9453 14 32 293.3 17 30 32231 -2 2 2.4 36 71 n/a n/l n/lBritish Nuclear Fuels(now British Nuclear Group Sellafield), <strong>UK</strong> 55.00 -7 -6 n/m 2.3 19.7 -408 n/m n/m -17.3 2364 2 6 102.7 2 4 23016 -1 2 2.4 -6 -8 n/a n/l n/lTohoku Electric Power, Japan 51.04 8 -6 7.2 0.6 14.1 710 -6 -27 8.9 7953 3 -2 351.5 -17 -16 22627 24 17 2.3 -12 -20 n/a 6267 2Kyushu Electric Power, Japan 48.64 -8 -16 5.0 0.7 15.3 969 4 7 13.9 6952 1 0 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 6462 7Chugoku Electric Power, Japan 41.01 -5 -7 7.6 0.8 11.3 538 2 -8 10.8 4993 5 0 343.9 4 1 14521 0 0 2.8 -6 -9 n/a 4464 4Taiwan Power, Taiwan 35.42 -3 -8 16.5 0.5 0.5 215 -40 -68 3.3 6502 7 12 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/l n/lElectric Power Development, Japan 31.49 -5 5 6.0 1.1 10.8 527 -16 -7 18.0 2933 4 4 495.1 3 19 5925 1 -14 5.3 -6 20 n/a 3578 n/aShikoku Electric Power, Japan 27.57 -6 -19 9.4 1.0 11.5 293 -1 -10 10.3 2844 3 -3 326.4 -3 n/a 8714 5 n/a 3.2 -11 n/a n/a 3327 8Hokkaido Electric Power, Japan 19.51 -4 -17 4.7 0.8 17.3 412 4 9 16.0 2578 1 -1 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 2999 n/a8 Electronic & electrical equipment 18343.50 6.1 3.4 73.8 4.8 13.5 24860 -8.4 50.8 6.5 381111 9.3 12.3 123.5 12.4 13.9 2362215 0.4 -2.2 6.0 4.9 -1.3 n/a 419393 13.6Siemens, Germany 3541.98 2 -11 164.7 6.8 13.9 2151 4 161 4.1 51838 0 -6 118.0 -4 -6 439400 5 0 8.1 -3 -11 n/a 38818 -4Samsung Electronics, South Korea 3169.30 12 57 69.1 6.8 21.1 4585 -34 0 9.9 46462 -2 28 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 61021 12Canon, Japan 1413.80 4 16 47.8 7.6 18.2 2959 9 48 16.0 18528 8 20 160.3 1 4 115583 7 15 12.2 -3 1 n/a 37065 43LG Electronics, South Korea 1021.93 15 50 151.3 4.0 17.9 676 -63 -38 2.6 25611 3 37 355.2 n/a n/a 72104 n/a n/a 14.2 n/a n/a n/a 5651 0Sharp, Japan 731.03 7 8 115.3 5.8 16.5 634 24 81 5.1 12535 13 26 268.1 11 27 46751 1 -1 15.6 5 8 n/a 11118 12Sanyo Electric, Japan 650.59 5 14 n/m 5.3 9.2 -149 -147 -215 -1.2 12262 -1 11 127.7 -15 -5 96023 17 17 6.8 -10 -3 n/a 2106 -24Agilent Technologies, USA 429.87 -21 -34 174.5 10.6 12.6 246 -6 n/a 6.1 4039 -3 0 192.4 29 58 21000 -25 -37 20.5 5 4 n/a 6994 -6ABB, Switzerland 427.54 6 17 47.6 3.2 3.2 898 152 n/a 6.8 13188 9 11 126.8 8 35 104000 1 -19 4.1 5 40 50 16469 89Schneider, France 372.48 1 8 34.8 4.6 7.3 1069 57 277 13.3 8024 13 23 90.5 8 6 88670 4 16 4.2 -3 -7 52 12908 28Pioneer, Japan 313.10 13 32 n/m 8.1 13.2 -331 n/m -398 -8.5 3875 7 12 99.8 9 1 38826 -1 10 8.1 15 21 n/a 1866 10Sumitomo Electric, Japan 278.74 2 15 71.3 3.2 8.8 391 27 92 4.6 8588 13 16 82.3 -6 -15 104398 19 36 2.7 -14 -16 n/a 5708 10Omron, Japan 244.00 6 16 94.5 8.1 14.5 258 6 187 8.6 3003 4 8 120.6 2 7 24904 2 1 9.8 4 15 n/a 3515 10Olympus, Japan 235.51 23 42 360.2 5.9 11.6 65 -79 -69 1.6 4015 28 48 132.3 22 13 30339 5 30 7.8 17 8 55 4480 41Danaher, USA 220.76 29 91 30.0 4.7 6.3 737 14 68 15.8 4651 16 55 116.3 1 15 40000 14 37 5.5 13 43 n/a 11544 14Seiko Epson, Japan 211.73 4 4 50.9 2.9 9.1 416 14 65 5.7 7303 5 11 85.3 4 n/a 85647 1 n/a 2.5 3 n/a 44 n/l n/lLG Philips LCD, South Korea 210.58 -12 19 75.3 3.6 45.0 280 -72 -34 4.8 5806 21 98 299.8 -18 n/a 19363 47 n/a 10.9 -40 n/a 24 7434 -29ALSTOM, France 180.02 -22 -48 68.2 1.9 3.4 264 n/a n/a 2.8 9518 1 -26 145.9 8 5 65238 -6 -30 2.8 -17 -25 51 6507 116TDK, Japan 179.38 5 2 63.2 5.5 14.8 284 -2 119 8.7 3247 0 4 87.5 -1 -3 37115 1 8 4.8 4 -5 n/a 5789 2Emerson Electric, USA 176.49 -38 -43 13.0 1.8 4.7 1358 15 44 13.5 10080 11 18 88.3 5 16 114200 6 1 1.5 -41 -44 47 19173 15Legrand, France 163.94 2 n/a 58.6 7.3 10.5 280 36 n/a 12.5 2232 11 n/a 73.8 -9 n/a 30237 22 n/a 5.4 -16 n/a n/a 3947 n/aSamsung Electro-Mechanics, South Korea 159.63 23 n/a n/m 12.4 19.8 -61 n/m n/a -4.8 1286 -17 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 1627 n/aHon Hai Precision Industry, Taiwan 154.90 24 94 17.2 1.0 5.8 900 53 128 5.6 16171 68 175 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 14249 39Yokogawa Electric, Japan 143.11 7 28 232.4 7.5 11.2 62 414 n/a 3.2 1910 4 13 100.7 1 11 18972 3 2 7.5 4 25 14 2021 11Agfa-Gevaert, Belgium 138.79 6 -11 166.9 6.1 8.5 83 -28 0 3.7 2273 -12 -25 154.4 -3 -3 14722 -9 -23 9.4 17 16 48 1585 -21Fuji Electric, Japan 134.36 -5 -1 200.8 3.2 4.8 67 60 66 1.6 4166 -1 -1 169.4 -1 2 24597 0 -4 5.5 -5 2 3 2167 37Brother Industries, Japan 124.60 15 22 59.9 4.4 5.0 208 27 50 7.3 2858 32 40 129.3 20 7 22107 10 30 5.6 4 -7 66 1583 20Daikin Industries, Japan 121.32 3 3 36.7 3.4 8.5 331 42 64 9.2 3597 16 28 186.3 3 5 19310 13 22 6.3 -9 -16 28 5065 30Invensys, <strong>UK</strong> 110.00 -11 -43 67.9 4.1 5.8 162 n/a n/a 6.0 2713 -7 -42 87.9 9 6 30869 -15 -46 3.6 4 3 60 1024 31Tatung, Taiwan 95.94 267 133 n/m 2.6 19.9 -143 -369 n/m -3.9 3635 85 64 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 840 -4Quanta Computer, Taiwan 94.19 81 144 85.4 1.1 27.0 110 -49 -46 1.3 8499 45 228 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 2681 -25Japan Radio, Japan 92.61 -6 -12 448.6 8.2 10.7 21 -38 >999 1.8 1131 -18 -15 131.3 -17 n/a 8612 -1 n/a 10.8 -5 n/a 14 206 -35AU Optronics, Taiwan 86.59 -3 56 29.7 2.2 39.3 292 -42 45 7.6 3856 29 125 158.5 6 5 24327 22 73 3.6 -20 -22 n/a 5149 -7Rockwell Automation, USA 80.73 14 0 17.4 2.8 5.3 465 43 109 16.0 2914 13 20 138.8 13 25 21000 0 -4 3.8 14 5 n/a 6410 16Molex, USA 77.82 12 11 70.3 5.2 14.3 111 -12 10 7.5 1485 13 25 53.9 -13 -19 27525 30 53 2.8 -13 -28 n/a 3372 19Chi Mei Optoelectronic, Taiwan 76.25 56 105 45.2 2.7 42.8 169 -48 -14 5.9 2867 33 83 185.9 6 n/a 15421 25 n/a 4.9 25 n/a n/a 3936 -3Fanuc, Japan 74.70 6 19 12.5 4.6 11.2 599 35 70 36.7 1630 25 38 373.2 n/a n/a 4369 n/a n/a 17.1 n/a n/a 35 11187 10Kudelski, Switzerland 73.17 17 235 133.5 24.1 30.5 55 39 364 18.0 304 15 52 187.7 n/a n/a 1618 n/a n/a 45.2 n/a n/a 40 605 n/aDelta Electronics, Taiwan 68.19 19 34 49.2 4.8 10.6 139 36 70 9.7 1434 43 64 n/a n/a n/a n/a n/a n/a n/a n/a n/a 34 3087 61Chunghwa Picture Tubes, Taiwan 62.73 11 38 n/m 3.4 58.0 -101 -148 -342 -5.5 1833 -12 20 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 1025 -44Symbol Technologies, USA 61.34 -16 14 259.8 6.0 10.0 24 -71 635 2.3 1028 2 15 197.8 6 20 5200 -4 -3 11.8 -13 18 n/a 1549 23Fujikura, Japan 59.85 10 8 136.1 3.4 9.1 44 n/a 195 2.5 1780 9 6 64.6 9 -5 27553 0 12 2.2 10 -4 n/a 2584 100Funai Electric, Japan 59.66 4 92 36.8 3.2 7.1 162 -25 18 8.6 1890 12 39 486.9 12 21 3882 0 16 15.4 4 77 n/a 1933 -5Vestas Wind Systems, Denmark 59.30 48 144 n/m 2.4 5.1 -80 n/m -284 -3.2 2462 52 114 239.0 39 36 10300 9 56 5.8 36 81 39 2849 56National Instruments, USA 58.97 13 37 129.0 17.7 20.4 46 29 63 13.7 333 11 33 87.4 1 9 3812 10 23 15.5 2 12 n/a 1279 1Hoya, Japan 54.07 11 49 13.1 3.6 14.4 413 41 109 27.2 1521 14 25 71.6 -3 -15 21234 17 45 2.5 -5 3 26 8947 292 <strong>The</strong> <strong>2006</strong> R&D Scoreboard<strong>The</strong> <strong>2006</strong> R&D Scoreboard 93
Ranking of the <strong>top</strong> <strong>1250</strong> global <strong>companies</strong> <strong>by</strong> R&D <strong>investment</strong> within industry sectors–––––––––––––––––– 2005/06 R&D <strong>investment</strong> –––––––––––––––––– ——–—–– Operating profit ——–—–– ––––––––––––––––– Sales and employees ––––––––––––––––– ————––—–––—— R&D and employees ——–—––——––––—–––––––––– Sales –––––––––– ––––– Sales / employee ––––– ––––––––– Employees ––––––––– ––––– R&D / employee ––––– Sales––––– Growth ––––– operating R&D + ––––– Growth ––––– ––––– Growth ––––– –––––– Growth ––––– ––––– Growth ––––– –––––– Growth ––––– outside –––Market cap –––change change profit sales capex as change change sales change change change change change change change change region changeCompany £m 1 yr % 4 yr % % % % sales £m 1 yr % 4 yr % % £m 1 yr % 4 yr % £000 1 yr % 4 yr % number 1 yr % 4 yr % £000 1 yr % 4 yr % % £m %8 Electronic & electrical equipment continuedCompal Electronics, Taiwan 52.25 12 95 31.0 1.3 2.7 168 -20 29 4.1 4076 30 105 203.2 n/a n/a <strong>2006</strong>0 n/a n/a 2.6 n/a n/a n/a 1962 -12Endress & Hauser, Switzerland 51.00 6 n/a 75.2 8.4 15.0 68 48 150 11.1 608 13 19 90.5 6 7 6719 7 10 7.6 -1 n/a 38 n/l n/lPerkinElmer, USA 50.89 0 3 53.9 5.1 6.6 94 -8 126 9.6 989 1 12 123.6 26 45 <strong>800</strong>0 -20 -23 6.4 25 34 66 1354 -12Barco, Belgium 50.38 6 -17 164.3 10.3 11.9 31 -18 31 6.3 489 6 3 113.2 8 4 4321 -2 -1 11.7 8 -17 52 574 9Minebea, Japan 49.41 4 n/a 78.4 3.4 11.2 63 -24 -31 4.3 1453 10 6 30.0 -1 -4 48473 11 10 1.0 -6 n/a n/a 1215 23Trimble Navigation, USA 49.09 9 25 67.3 10.9 13.9 73 58 223 16.2 451 16 44 183.3 2 24 2462 14 16 19.9 -5 8 n/a 1544 36EPCOS, Germany 48.30 -1 -14 n/m 5.7 17.7 -62 -250 -270 -7.3 850 -9 -15 52.9 -12 -28 16085 3 17 3.0 -4 -28 n/a 474 -26Leica Geosystems, Switzerland 47.63 -1 12 150.0 13.9 17.0 32 143 289 9.3 342 12 8 142.5 15 15 2398 -3 -6 19.9 2 20 49 757 35Spectris, <strong>UK</strong> 44.90 3 31 68.9 6.8 8.7 65 26 41 9.9 656 7 18 110.3 6 9 5945 1 8 7.6 3 21 57 729 3Hamamatsu Photonics, Japan 43.66 1 8 74.2 12.0 22.0 59 44 106 16.1 365 5 16 111.4 0 6 3274 5 10 13.3 -4 -2 42 1392 64Cooper Industries, USA 41.65 1 17 12.8 1.5 3.6 326 13 50 11.8 2755 6 13 95.3 -1 10 28903 8 2 1.4 -6 14 n/a 4660 34Energizer, USA 40.72 -6 34 15.6 2.3 5.8 261 15 73 15.0 1741 6 41 117.3 -7 11 14848 15 19 2.7 -18 9 n/a 2138 -17Yamatake, Japan 40.32 1 -5 139.0 4.5 5.6 29 -10 66 3.3 892 6 6 127.9 2 5 6977 4 1 5.8 -3 -6 n/a 1025 34Axalto (now Gemalto), <strong>The</strong> Netherlands 40.21 5 11 85.0 7.0 10.3 47 -10 470 8.2 578 3 9 n/a n/a n/a n/a n/a n/a n/a n/a n/a 45 789 -7Gemplus International, Luxembourg(now part of Gemalto, <strong>The</strong> Netherlands) 38.38 -23 -39 91.4 6.0 8.6 42 200 n/a 6.5 645 9 10 101.6 -6 -1 6347 16 11 6.0 -33 -44 48 581 -39Yaskawa Electric, Japan 38.19 2 5 100.7 2.5 4.7 38 -7 n/a 2.5 1528 18 30 200.5 18 n/a 7620 0 n/a 5.0 2 n/a 24 1546 61TCL Multimedia Technology, Cayman Islands 38.04 92 405 67.7 1.5 3.9 56 64 43 2.2 2596 35 118 91.7 57 71 28296 -14 15 1.3 123 290 n/a 190 n/aTechtronic Industries, Hong Kong 36.98 45 146 32.7 2.2 4.6 113 28 107 6.7 1680 37 98 76.2 34 36 22053 2 48 1.7 42 78 n/a 999 -50Analogic, USA 36.75 8 24 165.7 17.3 20.3 22 454 57 10.4 212 3 -3 123.1 1 1 1725 1 -4 21.3 6 28 45 377 -4Nexans, France 35.73 11 8 32.7 0.9 3.2 109 50 249 2.8 3844 14 24 196.3 3 11 19584 11 12 1.8 0 -3 32 1077 88Powerwave Technologies, USA 35.55 29 59 114.0 7.4 11.0 31 n/a n/a 6.5 481 74 136 100.2 -39 -52 4795 186 340 7.4 -55 -71 64 434 -32High Tech Computer, Taiwan 35.37 0 n/a 52.4 2.8 3.9 67 0 n/a 5.3 1280 102 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 5455 n/aVeeco Instruments, USA 35.17 4 9 545.6 14.7 17.6 6 n/a n/a 2.7 239 5 16 196.0 9 19 1219 -3 -2 28.9 7 11 n/a 400 20SPX, USA 34.25 1 -38 16.1 1.2 2.7 213 284 -8 7.6 2788 9 3 152.4 42 31 18300 -23 -22 1.9 32 -21 n/a 1916 0MiTAC International, Taiwan 34.07 44 78 39.1 2.3 6.4 87 89 142 5.9 1487 41 -17 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 653 n/aIngenico, France 33.42 50 42 n/m 11.1 12.4 -27 -423 -937 -8.9 300 2 9 266.2 17 55 1128 -12 -31 29.6 71 103 41 357 66Orbotech, Israel 33.04 18 26 129.4 14.9 16.9 26 42 >999 11.5 221 21 43 143.0 18 38 1547 2 4 21.4 16 21 22 416 -10Ulvac, Japan 31.50 32 23 49.3 3.2 11.6 64 63 115 6.6 971 25 41 240.0 14 n/a 4048 9 n/a 7.8 21 n/a 3 722 21Roper Industries, USA 31.16 38 68 20.0 3.7 5.4 156 57 126 18.4 847 50 104 141.1 40 29 6000 7 56 5.2 29 4 n/a 2344 n/aLeoni, Germany 30.64 1 18 43.4 2.9 6.7 71 65 54 6.6 1064 24 36 33.2 2 -15 32045 21 57 1.0 -17 -22 n/a 579 14Ibiden, Japan 29.51 21 13 32.4 2.4 10.5 91 7 69 7.5 1222 12 17 154.8 n/a n/a 7891 n/a n/a 3.7 n/a n/a 23 4395 n/aRenishaw, <strong>UK</strong> 29.30 71 93 82.6 16.7 24.2 35 21 86 20.2 176 14 41 87.7 3 18 2004 11 21 14.6 54 60 60 530 -12Woodward Governor, USA 29.12 25 34 60.4 6.0 9.3 48 55 37 10.0 482 17 25 137.8 13 21 3500 3 3 8.3 21 29 46 598 n/aQuanta Display, Taiwan 28.73 n/a n/a n/m 2.6 2.6 -137 n/a n/a -12.5 1094 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 1218 n/aArtesyn Technologies, USA(now part of Emerson Electric) 28.48 19 29 370.7 11.5 14.5 8 -42 n/a 3.1 247 -1 4 190.3 14 44 1300 -13 -32 21.9 37 78 n/a n/l n/lVishay Intertechnology, USA 28.33 -5 19 55.4 2.1 8.1 51 1 222 3.8 1338 -5 14 51.3 -6 7 26100 2 7 1.1 -6 12 n/a 1435 5Horiba, Japan 27.82 10 22 74.7 6.1 9.3 37 41 77 8.2 456 9 17 114.6 4 7 3984 5 9 7.0 5 12 58 746 33Itron, USA 27.10 5 21 100.8 8.4 14.2 27 >999 168 8.4 322 38 80 161.0 45 37 2000 -5 31 13.6 10 -10 n/a 724 -1NKT, Denmark 26.88 -4 21 70.1 3.3 6.1 38 516 n/a 4.8 806 13 35 136.5 15 26 5906 -1 7 4.6 -3 14 25 911 58GS Yuasa, Japan 24.70 n/a n/a n/m 2.1 6.1 -13 n/a n/a -1.1 1183 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 521 n/aKeyence, Japan 23.68 13 23 6.5 3.4 4.5 363 22 64 52.8 688 19 43 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 6405 -1Plug Power, USA 23.18 5 -9 n/m 295.0 302.5 -31 n/m n/m -398.7 8 -16 17 25.4 -11 29 309 -6 -11 75.0 12 2 n/a 206 n/aMosel Vitelic, Taiwan 22.30 383 -64 204.7 5.3 5.3 11 -81 n/a 2.6 422 -8 15 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 261 n/aAmphenol, USA 21.85 16 42 11.2 2.1 5.2 195 23 61 18.5 1053 18 47 46.4 -16 -18 22700 41 77 1.0 -18 -20 56 2969 n/aZumtobel, Austria 21.65 -2 n/a 38.9 2.7 6.0 56 23 n/a 6.8 814 5 n/a 114.4 3 n/a 7113 2 n/a 3.0 -3 n/a 20 523 n/aHirose Electric, Japan 21.60 23 27 14.4 4.9 10.9 150 18 44 34.0 442 13 23 n/a n/a n/a n/a n/a n/a n/a n/a n/a 11 2915 n/aNovatek Microelectronics, Taiwan 21.27 n/a n/a 22.1 4.6 4.6 96 n/a n/a 20.9 460 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 1480 n/aOptimax Technology, Taiwan 21.20 18 n/a n/m 67.4 67.4 -37 -167 n/a -116.8 31 -75 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 269 n/aPhoton Dynamics, USA 21.13 22 64 n/m 28.8 32.7 -12 -430 n/m -16.9 73 -12 41 174.5 -13 17 420 1 23 50.3 20 34 100 114 n/aAO Smith, USA 20.97 0 12 44.1 2.1 5.1 48 34 29 4.8 984 2 16 55.7 -4 7 17650 6 9 1.2 -6 3 17 959 n/aNewport, USA 20.94 38 45 115.6 8.7 11.5 18 n/a n/a 7.5 240 44 83 128.5 54 40 1870 -7 32 11.2 47 5 n/a 423 n/aMabuchi Motor, Japan 20.71 4 14 56.7 4.5 10.2 37 -58 -67 7.9 464 -5 -12 10.0 1 -6 46412 -7 -6 0.4 12 21 23 1765 n/aUshio, Japan 20.60 24 20 20.0 3.5 10.6 103 38 121 17.5 588 20 32 n/a n/a n/a n/a n/a n/a n/a n/a n/a 24 1782 n/aAmetek, USA 20.27 36 46 14.7 2.4 4.0 138 22 56 16.5 836 16 31 85.3 -1 7 9<strong>800</strong> 18 23 2.1 16 19 46 1749 n/aAustriamicrosystems, Austria 19.38 0 3 125.7 15.8 26.2 15 86 n/a 12.6 123 11 25 143.2 6 24 856 5 0 22.6 -4 2 31 356 n/aUniversal Scientific Industrial, Taiwan 19.31 10 57 97.6 2.1 5.5 20 -22 94 2.1 927 -2 31 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 146 n/aGiga<strong>by</strong>te Technology, Taiwan 19.27 22 43 66.6 2.3 4.2 29 3 -39 3.5 822 17 32 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 259 n/a9 Equity <strong>investment</strong> instruments n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/aNo <strong>companies</strong> with sufficient R&D for inclusion n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a94 <strong>The</strong> <strong>2006</strong> R&D Scoreboard<strong>The</strong> <strong>2006</strong> R&D Scoreboard 95
Ranking of the <strong>top</strong> <strong>1250</strong> global <strong>companies</strong> <strong>by</strong> R&D <strong>investment</strong> within industry sectors–––––––––––––––––– 2005/06 R&D <strong>investment</strong> –––––––––––––––––– ——–—–– Operating profit ——–—–– ––––––––––––––––– Sales and employees ––––––––––––––––– ————––—–––—— R&D and employees ——–—––——––––—–––––––––– Sales –––––––––– ––––– Sales / employee ––––– ––––––––– Employees ––––––––– ––––– R&D / employee ––––– Sales––––– Growth ––––– operating R&D + ––––– Growth ––––– ––––– Growth ––––– –––––– Growth ––––– ––––– Growth ––––– –––––– Growth ––––– outside –––Market cap –––change change profit sales capex as change change sales change change change change change change change change region changeCompany £m 1 yr % 4 yr % % % % sales £m 1 yr % 4 yr % % £m 1 yr % 4 yr % £000 1 yr % 4 yr % number 1 yr % 4 yr % £000 1 yr % 4 yr % % £m %10 Fixed line telecommunications 4390.21 6.0 -3.1 10.4 1.7 14.5 42143 3.4 180.9 16.5 254764 4.0 6.0 206.5 2.8 9.5 1233991 1.2 -3.3 3.6 6.2 -1.9 n/a 319485 -8.6NTT, Japan 1569.74 -10 -18 25.7 2.9 17.9 6114 -22 23 11.5 53329 -3 -4 264.7 -1 1 201486 -2 -5 7.8 -9 -14 n/a 69600 -9BT, <strong>UK</strong> 727.00 39 82 29.0 3.7 17.6 2509 -14 63 12.9 19514 6 2 189.5 2 8 103000 3 -5 7.1 35 89 4 20490 10France Telecom, France 491.96 27 31 7.3 1.5 11.0 6740 27 n/a 20.0 33694 4 7 171.5 8 19 196452 -4 -10 2.5 32 45 n/a 29547 -31Telefonica, Spain 373.78 18 14 6.7 1.4 13.0 5586 49 211 21.5 26029 25 29 133.4 0 4 195086 24 25 1.9 -5 -9 41 45276 -3Deutsche Telekom, Germany 297.51 0 -45 5.5 0.7 14.6 5385 10 n/a 13.2 40954 4 11 167.8 5 13 244026 -1 -2 1.2 1 -44 20 36391 -28Telstra, Australia 235.87 20 -6 8.0 2.4 18.1 2954 9 15 30.5 9681 6 12 227.7 -3 8 42523 10 3 5.5 9 -8 n/a 10462 -18TeliaSonera, Sweden 210.42 3 48 16.3 3.3 15.1 1289 -3 175 20.1 6416 7 25 234.1 -1 6 27403 8 17 7.7 -4 29 8 15387 15Telecom Italia, Italy 123.68 29 n/a 2.5 0.6 11.4 5021 11 213 23.3 21510 0 0 278.0 15 30 77382 -13 -24 1.6 49 n/a 12 27592 8KT, South Korea 73.36 24 -51 5.4 0.7 17.5 1357 10 5 13.7 9886 1 13 260.4 14 33 37957 -12 -15 1.9 41 -42 n/a 6671 2FastWeb, Italy 64.87 n/a n/a n/m 9.8 70.6 -80 n/m n/m -12.1 665 34 124 256.8 10 n/a 2589 23 n/a 25.1 n/a n/a n/a 1724 -8KDDI, Japan 54.10 -18 16 3.6 0.4 9.7 1502 2 105 10.4 14411 3 9 1164.7 9 19 12373 -6 -9 4.4 -13 26 n/a 16664 23Chunghwa Telecom, Taiwan 45.78 4 -10 5.7 1.4 13.8 808 -26 -18 24.7 3276 0 2 119.5 4 9 27409 -4 -7 1.7 8 -3 n/a 10059 -4TDC, Denmark(now part of Nordic Telephone) 37.58 -15 n/a 7.1 0.9 10.5 530 -52 -4 12.1 4392 9 -3 219.0 4 9 20059 5 -13 1.9 -19 n/a n/a 4307 n/aBelgacom, Belgium 30.23 -17 -16 4.0 0.8 9.0 763 -28 27 20.6 3699 -1 0 225.7 4 14 16388 -4 -14 1.8 -13 -4 n/a 6696 n/aTelekom Austria, Austria 29.57 2 25 6.8 1.0 15.3 434 36 145 14.4 3008 8 27 208.8 2 32 14403 6 -6 2.1 -4 30 n/a 6534 8Swisscom, Switzerland 24.75 -15 -29 2.0 0.6 9.8 1230 1 58 28.6 4301 -3 -27 278.3 -2 -8 15455 -1 -20 1.6 -14 -12 0 12084 -111 Food & drug retailers 504.10 27.9 -0.2 10.8 0.4 2.6 4661 20.0 25.4 3.3 142464 12.6 40.3 293.5 4.8 13.7 485470 7.5 24.0 1.0 18.9 -63.8 n/a 40166 n/aMcKesson, USA 165.42 23 8 24.4 0.3 0.5 677 n/a 87 1.3 51287 9 37 1942.7 4 28 26400 5 7 6.3 17 0 7 8952 6Tesco, <strong>UK</strong> 115.00 35 n/a 5.1 0.3 7.0 2276 15 35 5.7 39588 17 38 107.5 6 9 368213 10 26 0.3 23 n/a n/a 27595 n/aTchibo, Germany 74.89 8 n/a 12.6 1.2 3.5 596 10 29 9.9 6038 5 75 203.9 3 1 29619 2 70 2.5 5 n/a 15 n/l n/lCardinal Health, USA 68.27 107 102 6.9 0.2 0.9 985 -26 -12 2.3 43636 15 44 793.4 15 34 55000 0 8 1.2 108 87 n/a 1294 -91Orion, Finland 54.62 13 -9 45.4 4.2 5.7 120 37 60 9.2 1307 -2 12 286.7 -1 29 4558 -1 -14 12.0 14 6 5 1300 2Andrx, USA 25.90 10 -10 379.9 4.3 7.0 7 -87 -28 1.1 607 -9 13 361.3 14 37 1680 -20 -17 15.4 37 9 n/a 1025 n/a12 Food producers 2432.04 2.4 3.5 14.7 1.7 5.5 16592 17.2 24.1 11.8 140740 3.1 0.4 159.3 4.6 7.3 872373 -1.5 -6.0 2.7 4.1 10.9 n/a 212611 9.7Nestle, Switzerland 662.51 6 20 12.9 1.6 5.4 5134 15 34 12.8 40252 5 5 161.0 4 3 250000 1 2 2.7 5 18 n/a 77382 15Unilever, <strong>UK</strong> 654.80 -8 -14 18.2 2.4 4.8 3592 52 18 13.2 27258 -1 -13 128.6 6 3 212000 -7 -16 3.1 -2 1 n/a 37171 -3Ajinomoto, Japan 140.32 1 5 40.0 2.7 7.6 350 41 57 6.6 5295 3 11 205.2 -1 5 25812 4 6 5.4 -3 0 17 4056 4Kellogg, USA 105.43 22 47 10.5 1.8 5.5 1005 3 17 17.0 5928 6 14 231.6 3 14 25600 2 0 4.1 19 47 38 11061 1General Mills, USA 100.77 3 14 8.8 1.5 4.6 1147 -15 6 16.9 6780 4 14 241.3 2 14 28100 1 0 3.6 2 14 n/a 10762 6Danisco, Denmark 86.87 69 85 70.2 4.5 9.7 124 -30 -29 6.4 1926 17 22 181.1 2 1 10636 15 21 8.2 47 52 43 2159 12Danone, France 85.89 -5 -4 7.1 0.9 5.5 1218 70 27 13.4 9099 -3 -3 103.2 -2 1 88184 -1 -5 1.0 -3 1 n/a 19418 26Kerry, Ireland 85.71 12 48 35.8 2.8 6.1 239 48 49 7.9 3044 7 22 130.9 0 -3 23255 7 25 3.7 5 20 35 2017 -25Meiji Seika Kaisha, Japan 83.17 1 -5 n/m 4.6 9.8 -66 -370 -244 -3.7 1796 -1 1 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 1135 -3Cadbury Schweppes, <strong>UK</strong> 58.00 -8 31 5.3 0.8 4.9 1103 32 32 15.4 7157 6 19 128.2 11 3 55833 -4 15 1.0 -4 18 68 11177 0Campbell Soup, USA 55.34 2 18 7.9 1.3 5.7 705 10 11 16.0 4397 6 14 183.2 6 16 24000 0 -2 2.3 2 21 n/a 8806 21Meiji Dairies, Japan 37.30 2 n/a 41.7 1.0 3.6 89 8 n/a 2.5 3578 0 n/a 485.5 2 n/a 7370 -1 n/a 5.1 3 n/a n/a 1159 19Yakult Honsha, Japan 33.44 5 23 28.5 2.7 6.1 117 -1 18 9.6 1221 4 6 87.4 7 2 13982 -3 3 2.4 8 14 n/a 2700 30Numico, <strong>The</strong> Netherlands 30.92 36 25 12.5 2.3 6.6 247 18 n/a 18.1 1366 15 -40 127.2 17 32 10736 -2 -55 2.9 38 120 13 4892 15Effem (aka Mars), <strong>UK</strong> 26.32 31 14 14.0 1.3 3.5 188 10 30 9.0 2080 0 -10 339.3 5 1 6130 -4 -11 4.3 36 28 0 n/l n/lArla Foods, Denmark 25.42 -20 n/a 19.1 0.6 6.0 133 -3 -3 3.1 4270 -3 12 212.7 1 4 20076 -4 7 1.3 -17 n/a n/a n/l n/lWm Wrigley Jr, USA 24.80 23 50 5.4 1.0 7.8 458 11 29 18.9 2423 14 40 169.4 18 20 14300 -3 17 1.7 27 33 n/a 8646 n/aMcCormick, USA 24.52 7 29 11.6 1.6 4.5 212 4 17 14.1 1510 3 9 188.7 3 14 <strong>800</strong>0 0 -4 3.1 7 34 n/a 2431 n/aVilmorin Clause, France 24.46 3 17 79.6 7.1 9.6 31 -5 12 9.0 342 1 11 111.6 0 4 3065 1 7 8.0 1 9 34 570 64CSM, <strong>The</strong> Netherlands 23.84 -13 -9 28.9 1.3 4.8 82 -46 -49 4.4 1882 -21 -22 210.6 20 18 8939 -34 -34 2.7 32 36 45 1227 -14Tate & Lyle, <strong>UK</strong> 21.00 11 18 28.0 0.6 8.0 75 -64 -65 2.0 3720 24 21 407.4 -9 -5 9131 37 27 2.3 -19 -8 59 3339 48Barilla GeR Fratelli, Italy 20.61 n/a n/a 16.4 1.2 1.2 125 22 n/a 7.2 1741 1 n/a 237.8 -1 n/a 7321 2 n/a 2.8 n/a n/a n/a n/l n/lSudzucker, Germany 20.61 9 18 7.3 0.6 8.3 281 -23 1 7.6 3674 11 15 184.6 -3 5 19903 14 8 1.0 -4 6 n/a 2502 1213 Forestry & paper 367.44 0.6 -17.7 10.7 0.5 6.0 3449 -19.1 -1.9 4.4 79030 -0.4 0.8 216.0 5.4 11.5 365896 -5.5 -10.8 1.0 6.4 5.2 19.0 42278 3.7Stora Enso, Finland 60.46 7 -7 n/m 0.7 9.2 -20 -105 -105 -0.2 9061 6 4 196.3 1 -1 46166 5 5 1.3 2 -11 28 6152 -1Oji Paper, Japan 56.75 -4 n/a 14.0 1.0 1.0 404 54 160 6.9 5849 0 -2 313.9 5 n/a 18634 -4 n/a 3.0 0 n/a n/a 3677 15SCA, Sweden 45.16 -6 -18 34.7 0.6 8.3 130 -69 -78 1.8 7055 7 12 138.6 5 -3 50916 2 15 0.9 -8 -29 27 5748 20Nippon Paper, Japan 37.33 6 11 16.5 0.6 5.4 226 -8 114 3.9 5822 -1 5 422.7 8 14 13774 -8 -8 2.7 16 20 n/a 2497 7International Paper, USA 36.70 -7 -19 4.9 0.3 5.1 749 32 205 5.3 14036 -6 -5 204.3 10 21 68700 -14 -22 0.5 8 5 n/a 9659 8Georgia-Pacific, USA 35.53 -5 n/a 4.0 0.3 3.9 898 58 106 7.8 11449 -3 -13 208.2 8 8 55000 -10 -21 0.6 6 n/a 14 n/l n/lWeyerhaeuser, USA 35.53 11 15 4.5 0.3 4.0 787 -43 -2 5.9 13397 1 22 268.5 9 29 49887 -7 -5 0.7 19 19 12 8228 -14UPM-Kymmene, Finland 34.36 6 8 13.4 0.5 7.8 256 -37 -60 4.0 6423 -5 -7 194.9 1 0 32949 -5 -7 1.0 12 16 27 6317 10Metsaliitto, Finland 25.63 1 11 138.1 0.4 12.1 19 694 -88 0.3 5939 1 0 198.8 0 1 29870 1 -1 0.9 0 11 12 n/l n/l14 Gas, water & multiutilities 503.08 -3.0 -60.2 2.5 0.4 11.0 <strong>2006</strong>7 41.8 60.7 15.5 129739 10.4 3.2 132.5 -21.1 -26.6 979212 0.1 -42.0 0.5 -25.3 -57.3 n/a 111897 -11.6Gazprom, Russia 132.63 12 99 1.4 0.5 22.8 9440 66 102 33.7 28040 42 83 70.6 n/a n/a 397000 n/a n/a 0.3 n/a n/a n/a 11940 -7596 <strong>The</strong> <strong>2006</strong> R&D Scoreboard<strong>The</strong> <strong>2006</strong> R&D Scoreboard 97
Ranking of the <strong>top</strong> <strong>1250</strong> global <strong>companies</strong> <strong>by</strong> R&D <strong>investment</strong> within industry sectors–––––––––––––––––– 2005/06 R&D <strong>investment</strong> –––––––––––––––––– ——–—–– Operating profit ——–—–– ––––––––––––––––– Sales and employees ––––––––––––––––– ————––—–––—— R&D and employees ——–—––——––––—–––––––––– Sales –––––––––– ––––– Sales / employee ––––– ––––––––– Employees ––––––––– ––––– R&D / employee ––––– Sales––––– Growth ––––– operating R&D + ––––– Growth ––––– ––––– Growth ––––– –––––– Growth ––––– ––––– Growth ––––– –––––– Growth ––––– outside –––Market cap –––change change profit sales capex as change change sales change change change change change change change change region changeCompany £m 1 yr % 4 yr % % % % sales £m 1 yr % 4 yr % % £m 1 yr % 4 yr % £000 1 yr % 4 yr % number 1 yr % 4 yr % £000 1 yr % 4 yr % % £m %14 Gas, water & multiutilities continuedRWE, Germany 87.26 -1 -69 2.5 0.3 9.9 3457 0 24 12.4 27840 -1 -13 322.1 21 35 86426 -19 -36 1.0 22 -49 n/a 26955 27Suez, France 58.27 0 -37 2.3 0.2 5.4 2558 15 62 9.0 28507 2 -1 180.8 4 13 157639 -2 -13 0.4 2 -27 21 28536 65Osaka Gas, Japan 56.28 -8 -21 14.0 1.2 7.7 403 -3 16 8.4 4813 3 2 301.0 -2 -17 15992 5 18 3.5 -12 -37 n/a 4406 5Gaz De France, France 50.16 -19 -31 2.5 0.3 9.2 2045 84 22 13.3 15387 24 41 290.5 -11 0 52958 39 41 0.9 -42 -51 0 18712 -3Veolia Environnement, France 43.22 0 n/a 3.4 0.2 6.9 1271 66 n/a 7.3 17346 2 n/a 71.8 0 n/a 241627 3 n/a 0.2 -2 n/a 19 11582 28Tokyo Gas, Japan 41.13 -25 n/a 5.9 0.7 8.6 692 63 53 11.8 5877 3 7 352.5 -3 -16 16670 7 23 2.5 -30 n/a n/a 8314 36Nalco, USA 34.13 4 n/a 16.9 1.8 4.0 202 150 n/a 10.5 1929 9 n/a 177.0 5 n/a 10900 4 n/a 3.1 0 n/a n/a 1453 -415 General financial 189.51 14.5 6.7 25.2 6.7 6.7 752 54.5 124.6 26.8 2810 11.2 23.6 202.7 12.9 -3.7 13862 -1.5 26.6 13.7 16.3 -36.4 n/a 13020 n/aSEI Investments, USA 73.80 33 88 42.9 16.4 16.4 172 15 32 38.2 450 12 19 217.2 9 11 2073 2 7 35.6 31 76 n/a 2860 30Deutsche Borse, Germany 49.68 -14 -33 10.6 4.0 4.0 470 51 72 37.5 1253 15 44 394.1 11 3 3179 3 34 15.6 -17 -61 n/a 7823 39WCM, Germany 25.05 -1 n/a n/m 3.9 3.9 -15 n/m n/m -2.3 640 2 4 98.1 7 -35 6526 -4 48 3.8 3 n/a 44 49 n/aInvestment Technology, USA 21.73 18 34 34.2 9.1 9.1 64 64 9 26.7 238 22 14 333.0 12 -1 714 9 15 30.4 8 17 n/a 1190 n/aOMX, Sweden 19.25 119 6 31.1 8.4 8.4 62 83 n/a 27.0 230 8 13 167.5 19 32 1370 -10 -15 14.1 143 25 16 1097 2516 General industrials 6216.61 11.4 20.6 16.2 2.4 8.1 38318 19.8 34.8 14.6 262676 4.6 13.6 158.2 -3.5 4.7 1542768 1.0 -3.9 3.5 -2.6 7.3 n/a 373159 -2.2General Electric, USA 1994.99 11 38 9.2 2.3 11.9 21779 17 24 25.0 87198 -2 12 275.9 -5 9 316000 3 2 6.3 8 35 n/a 196808 -8Honeywell, USA 624.42 17 32 40.2 3.9 6.4 1553 23 206 9.6 16107 8 17 138.9 1 11 116000 6 5 5.4 10 25 n/a 18375 -5Mitsubishi Heavy, Japan 612.07 25 12 n/m 4.8 9.0 -4 -101 -102 0.0 12786 9 -5 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 8050 51Tyco International, Bermuda 486.95 7 26 13.9 2.0 5.0 3496 19 -5 14.4 24336 4 14 98.2 8 18 247900 -4 -3 2.0 11 30 n/a 30784 -93M, USA 464.82 5 7 16.0 3.8 8.2 2897 9 46 23.5 12329 6 20 177.9 2 18 69315 3 1 6.7 2 6 n/a 30424 -6Textron, USA 189.89 6 15 51.7 3.2 6.9 367 -18 0 6.3 5850 -2 -7 127.2 -6 -5 46000 5 -2 4.1 2 17 33 6820 18Eaton, USA 167.17 10 25 26.4 2.6 5.8 633 26 73 9.8 6474 13 37 109.7 6 20 59000 7 15 2.8 2 10 n/a 5705 -2JM Voith, Germany 122.99 20 28 82.6 5.0 10.0 149 17 27 6.1 2440 9 9 87.9 -3 -3 27743 13 13 4.4 7 13 45 n/a n/aFreudenberg, Germany 113.71 12 28 50.3 3.4 10.5 226 9 28 6.8 3323 9 19 99.4 5 4 33420 4 15 3.4 7 13 n/a n/l n/lKubota, Japan 112.18 3 -11 17.0 2.2 4.6 662 51 275 12.8 5187 7 10 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 6802 39Dover, USA 111.95 2 11 25.5 3.2 5.7 439 23 107 12.4 3541 11 31 111.9 -2 9 31650 13 20 3.5 -9 -7 43 5632 16Diehl Stiftung, Germany 109.94 -1 -4 359.3 9.7 12.9 31 -27 -27 2.7 1132 3 9 110.0 7 11 10294 -3 -2 10.7 2 -2 n/a n/l n/lITT Industries, USA 103.45 14 44 36.6 2.4 4.8 283 -20 -7 6.5 4326 10 35 105.8 18 32 40900 -7 3 2.5 22 41 39 5456 -6SMC, Japan 73.78 3 9 20.4 5.3 7.8 361 33 110 26.1 1383 13 26 116.8 7 n/a 11839 6 n/a 6.2 -3 n/a n/a 5112 3Trumpf, Germany 73.52 9 46 75.8 7.7 11.1 97 39 48 10.1 959 14 32 160.7 12 23 5970 2 8 12.3 7 37 n/a n/l n/lOnex, Canada 73.30 220 138 11.8 0.8 4.0 623 173 408 7.2 8699 7 -13 63.0 -35 -42 13<strong>800</strong>0 66 49 0.5 92 60 n/a 1368 n/aUnaxis, Switzerland 65.41 -18 -15 510.3 9.2 14.7 13 n/a n/a 1.8 709 -13 -9 110.3 -10 -4 6434 -3 -6 10.2 -15 -10 39 2344 94Dainippon Screen Mfg, Japan 62.32 13 21 67.8 4.7 6.0 92 427 n/a 6.9 1329 40 39 292.3 38 38 4547 2 1 13.7 11 20 21 1103 7NGK Insulators, Japan 52.58 -15 -27 52.2 4.0 15.2 101 18 13 7.7 1313 6 -10 140.8 -1 1 9329 7 -11 5.6 -21 -18 23 2663 24Clorox, USA 51.26 5 20 10.6 2.0 5.3 482 -4 20 18.5 2607 3 9 343.0 17 35 7600 -12 -20 6.7 19 47 n/a 5195 1Tomkins, <strong>UK</strong> 46.70 -9 -13 16.3 1.5 5.5 287 16 24 9.0 3182 7 1 85.3 5 5 37324 2 -4 1.3 -10 -9 86 2345 8Orkla, Norway 46.54 n/m 221 8.1 1.0 6.6 571 96 90 12.3 4631 71 32 133.0 -4 8 34829 77 21 1.3 n/m 192 n/a 5863 n/aSealed Air, USA 44.15 4 18 14.6 1.9 4.2 303 9 101 12.7 2379 8 20 140.0 11 25 17000 -3 -4 2.6 7 23 48 2361 -8Koc, Turkey 43.41 4 62 8.2 0.4 4.8 530 2 124 5.0 10496 9 79 128.1 -21 4 81926 38 50 0.5 -24 -2 n/a 2603 n/aAbengoa, Spain 38.33 139 151 33.9 2.8 17.2 113 31 73 8.1 1390 16 29 125.5 -3 5 11082 19 23 3.5 101 108 42 1156 62SIG, Switzerland 35.04 -26 -21 63.0 3.5 11.0 56 n/a >999 5.6 997 -14 -17 208.7 20 46 4776 -28 -44 7.3 3 38 28 832 -7NACCO Industries, USA 33.14 -2 5 45.3 1.8 4.0 73 25 42 4.0 1839 13 21 165.7 19 33 11100 -4 -9 3.0 3 15 40 640 47Meidensha, Japan 30.53 -9 -20 >999.9 3.3 5.3 0 -98 n/a 0.1 915 2 -3 137.4 12 11 6662 -8 -13 4.6 -1 -8 n/a 462 28MeadWestvaco, USA 29.12 -32 -29 25.0 0.7 5.2 116 n/a >999 2.9 4009 -16 2 180.6 11 24 22200 -24 -17 1.3 -11 -15 n/a 2673 -14Mitsui, Japan 27.87 -6 60 2.9 0.2 5.0 960 124 139 5.5 17400 18 33 455.4 23 -17 38210 -4 23 0.7 -3 21 n/a 14900 53York International, USA(now part of Johnson Controls) 27.78 13 7 34.9 1.1 2.9 80 142 75 3.0 2627 11 15 113.2 6 15 23200 4 -1 1.2 8 8 n/a n/l n/lCrown, USA 27.38 0 8 10.9 0.7 3.4 252 -33 213 6.2 4053 -3 0 168.9 11 21 24000 -13 -18 1.1 15 30 n/a 1662 5Seton House, <strong>UK</strong> 26.70 38 n/a 95.7 5.8 7.9 28 107 n/a 6.1 459 8 n/a 119.4 10 n/a 3844 -2 n/a 6.9 41 n/a n/a n/l n/lAptarGroup, USA 26.64 9 40 30.0 3.3 10.9 89 7 28 11.0 804 6 30 111.6 1 21 7200 6 8 3.7 3 30 n/a 1060 n/aNichias, Japan 23.26 2 n/a 51.1 3.9 7.6 46 8 n/a 7.7 594 13 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/l n/lCookson, <strong>UK</strong> 22.30 -8 -31 19.5 1.4 4.0 114 146 >999 7.0 1635 -1 -7 103.6 2 3 15774 -3 -10 1.4 -5 -23 n/a 1016 57Rexam, <strong>UK</strong> 21.00 62 9 5.0 0.6 5.6 421 13 68 13.0 3237 5 2 149.2 8 3 21700 -3 -1 1.0 66 11 49 2944 217 General retailers 704.38 39.4 64.4 18.8 2.2 6.0 3741 27.3 111.0 11.9 31573 26.3 42.9 93.8 -23.3 -11.7 336492 64.6 61.6 2.1 -15.3 2.6 n/a 54271 -18.1Amazon.com, USA 315.12 65 91 107.8 6.4 8.8 292 15 >999 5.9 4945 23 77 412.1 -8 19 12000 33 50 26.3 24 28 n/a 6503 -39eBay, USA 212.77 30 124 25.3 9.8 18.8 840 36 167 38.6 2175 41 120 187.5 -2 -1 11600 43 128 18.3 -10 1 n/a 19844 -39Nitto Denko, Japan 82.61 6 21 23.6 3.3 12.5 350 28 142 13.8 2541 14 34 155.8 -8 -11 16311 24 51 5.1 -15 -20 10 7148 24Federated Department Stores, USA 51.26 9 49 3.6 0.4 2.8 1444 77 117 10.6 13599 49 51 58.6 -28 -27 232000 107 106 0.2 -48 -28 n/a 11304 52GUS, <strong>UK</strong> 22.00 47 -60 2.7 0.3 3.9 813 -16 26 10.3 7915 2 9 124.5 -2 20 63596 4 -10 0.3 41 -54 n/a 8745 -6Netflix, USA 20.61 101 84 >999.9 5.2 9.7 2 -85 n/a 0.4 397 35 171 403.4 29 n/a 985 5 n/a 20.9 92 n/a n/a 726 n/a98 <strong>The</strong> <strong>2006</strong> R&D Scoreboard<strong>The</strong> <strong>2006</strong> R&D Scoreboard 99
Ranking of the <strong>top</strong> <strong>1250</strong> global <strong>companies</strong> <strong>by</strong> R&D <strong>investment</strong> within industry sectors–––––––––––––––––– 2005/06 R&D <strong>investment</strong> –––––––––––––––––– ——–—–– Operating profit ——–—–– ––––––––––––––––– Sales and employees ––––––––––––––––– ————––—–––—— R&D and employees ——–—––——––––—–––––––––– Sales –––––––––– ––––– Sales / employee ––––– ––––––––– Employees ––––––––– ––––– R&D / employee ––––– Sales––––– Growth ––––– operating R&D + ––––– Growth ––––– ––––– Growth ––––– –––––– Growth ––––– ––––– Growth ––––– –––––– Growth ––––– outside –––Market cap –––change change profit sales capex as change change sales change change change change change change change change region changeCompany £m 1 yr % 4 yr % % % % sales £m 1 yr % 4 yr % % £m 1 yr % 4 yr % £000 1 yr % 4 yr % number 1 yr % 4 yr % £000 1 yr % 4 yr % % £m %18 Health care equipment & services 4508.21 12.5 27.9 41.1 6.4 11.6 10963 15.9 30.6 15.7 69955 9.3 22.2 125.7 4.6 14.5 554692 4.5 7.9 8.1 8.5 20.6 n/a 189823 0Medtronic, USA 648.24 17 39 36.2 9.9 13.5 1790 23 34 27.2 6577 12 36 182.7 3 12 36000 9 22 18.0 7 15 n/a 29811 -23Boston Scientific, USA 396.09 20 66 69.3 10.8 16.3 571 -37 33 15.6 3660 12 71 184.8 -1 34 19<strong>800</strong> 13 30 20.0 6 29 n/a 13873 3Guidant, USA(now part of Boston Scientific) 348.32 16 29 135.2 16.8 25.6 258 -46 -36 12.5 2068 -6 6 159.1 -13 -4 13000 8 10 26.8 7 17 35 n/l n/lBaxter International, USA 310.46 3 7 34.2 5.4 9.9 909 192 59 15.8 5737 4 15 122.1 6 24 47000 -2 -8 6.6 5 16 52 15972 9St Jude Medical, USA 215.07 31 66 60.3 12.7 18.1 356 15 54 21.0 1698 27 63 169.8 0 10 10000 27 49 21.5 3 13 41 7085 -26Stryker, USA 162.98 33 66 28.0 5.7 11.3 581 38 66 20.5 2838 14 44 164.4 5 21 17265 9 20 9.4 22 39 n/a 10955 -11Becton Dickinson, USA 158.22 15 10 26.1 5.0 10.9 606 58 56 19.2 3154 10 26 123.3 7 23 25571 2 2 6.2 13 8 52 9471 20Carl Zeiss, Germany 158.03 10 26 109.5 10.4 14.7 144 73 97 9.5 1527 4 5 123.5 14 18 12360 -9 -11 12.8 21 42 37 n/l n/lBeckman Coulter, USA 121.68 4 9 109.2 8.5 18.5 111 -43 -32 7.8 1423 1 13 196.6 2 42 7239 -1 -22 16.8 5 37 n/a 1869 -4Fresenius, Germany 102.38 12 16 15.4 1.9 6.3 666 15 26 12.3 5421 9 8 75.7 3 -5 71611 6 13 1.4 6 2 62 10824 366Zimmer, USA 102.23 5 49 16.6 5.3 13.1 615 38 90 32.1 1914 10 58 285.7 9 31 6700 2 20 15.3 4 23 n/a 9299 -20Bausch & Lomb, USA 94.65 8 25 58.1 7.3 12.6 163 19 58 12.5 1300 11 22 104.9 3 16 12400 7 5 7.6 1 18 n/a 1465 -42BioMerieux, France 89.80 3 11 96.2 13.2 21.1 93 6 22 13.7 683 7 11 124.2 5 10 5498 1 1 16.3 2 10 43 1295 17<strong>The</strong>rmo Electron, USA 88.99 13 1 57.5 5.8 7.5 155 8 32 10.1 1534 19 23 133.4 3 16 11500 16 6 7.7 -2 -5 n/a 3461 26Essilor International, France 77.98 6 20 28.7 4.7 11.2 272 10 27 16.3 1666 7 14 66.9 4 2 24909 4 12 3.1 2 7 n/a 5497 31Dragerwerk, Germany 74.45 4 24 82.6 6.6 9.5 90 32 93 8.0 1121 7 18 115.7 8 20 9687 -1 -2 7.7 5 26 37 221 4Terumo, Japan 67.80 -7 21 31.5 6.0 10.8 215 24 41 18.9 1135 7 18 117.9 1 2 9624 6 16 7.0 -12 6 n/a 4391 22Bio-Rad Laboratories, USA 67.05 6 27 114.5 9.7 12.8 59 -16 -18 8.5 688 8 24 132.3 8 13 5200 0 10 12.9 6 16 64 1053 22Smith & Nephew, <strong>UK</strong> 67.00 1 8 25.6 4.8 12.5 262 49 47 18.6 1407 13 22 163.3 3 9 8618 10 12 7.8 -8 -4 69 4209 -15Synthes, Switzerland 66.89 5 62 17.4 5.5 14.4 384 29 90 31.8 1210 17 55 168.8 -10 -11 7169 30 73 9.3 -20 -5 n/a 7833 -6B Braun Melsungen, Germany 66.87 3 3 39.0 3.2 9.8 171 23 40 8.2 2079 8 18 67.1 4 10 30973 4 7 2.2 0 -4 40 n/l n/lCR Bard, USA 66.75 3 46 25.8 6.5 12.0 259 21 73 25.1 1032 7 28 115.9 3 16 8900 3 10 7.5 -1 34 31 4289 7Edwards Lifesciences, USA 57.67 14 41 89.8 9.9 14.8 64 150 97 11.0 581 7 25 107.6 3 16 5400 4 8 10.7 10 32 n/a 1535 0Gambro, Sweden (now part of Investor) 54.24 21 34 24.9 2.9 9.2 218 n/a 308 11.7 1860 -5 -5 97.1 7 3 19143 -11 -8 2.8 35 46 n/a n/l n/lVarian Medical Systems, USA 47.80 14 47 26.9 5.9 9.1 178 19 77 22.1 805 12 41 223.7 2 14 3600 10 25 13.3 4 19 49 3790 26Biomet, USA 46.42 23 49 14.5 4.2 9.4 321 11 36 29.3 1095 16 44 182.5 3 14 6000 13 20 7.7 9 17 34 4813 -13Affymetrix, USA 45.38 5 13 136.9 21.2 32.1 33 -5 433 15.5 214 6 27 194.5 -12 2 1101 21 24 41.2 -13 -8 48 787 -54Waters, USA 38.97 3 19 23.9 5.8 5.8 163 -1 34 24.2 675 5 22 149.9 -2 3 4500 7 18 8.7 -4 1 65 2451 -18Millipore, USA 38.47 6 21 46.9 6.7 15.4 82 2 24 14.2 577 12 30 120.3 5 17 4<strong>800</strong> 7 11 8.0 -1 9 64 1998 9Advanced Medical Optics, USA 35.91 35 74 n/m 6.7 9.2 -238 >-999 -914 -44.4 536 24 52 155.9 3 0 3440 20 46 10.4 13 13 n/a 1964 29William Demant, Denmark 35.24 18 34 35.0 8.1 15.6 101 9 30 23.2 434 10 21 91.8 4 9 4730 5 12 7.5 12 20 52 2842 51Sorin, Italy 34.12 -8 -6 305.5 6.6 9.2 11 n/a n/a 2.2 517 5 -11 109.2 6 -1 4737 -1 -11 7.2 -7 5 39 488 -18Varian, USA 31.42 11 27 77.2 6.3 9.0 41 -23 -13 8.2 497 -7 4 142.0 17 27 3500 -20 -18 9.0 39 55 64 799 17Diagnostic Products, USA(now part of Siemens, Germany) 30.35 15 35 54.7 10.8 17.5 56 9 28 19.8 280 9 34 109.7 2 15 2554 6 17 11.9 8 16 n/a n/l n/lGetinge, Sweden 30.18 4 47 22.9 3.5 5.7 132 20 51 15.2 870 9 29 120.9 2 6 7191 7 22 4.2 -3 22 n/a 1998 31Hillenbrand Industries, USA 29.42 -10 -2 n/m 2.6 8.9 -71 -153 -166 -6.3 1129 6 -4 115.2 12 0 9<strong>800</strong> -6 -4 3.0 -4 2 n/a 1770 -3Phonak, Switzerland 27.86 29 45 29.8 7.3 9.9 93 66 242 24.4 383 28 42 121.0 10 12 3166 16 27 8.8 11 15 52 2416 60Dentsply International, USA 27.38 5 19 64.3 2.7 5.4 43 -78 -73 4.3 999 1 16 124.9 -3 11 <strong>800</strong>0 4 5 3.4 1 14 n/a 2840 14Respironics, USA 26.58 55 92 33.6 5.0 11.8 79 29 74 14.9 531 20 58 136.1 -7 7 3900 29 50 6.8 20 31 n/a 1618 n/aFisher Scientific International, USA 25.75 20 191 6.7 0.8 3.1 383 117 199 11.8 3256 20 56 167.0 8 -10 19500 11 68 1.3 8 101 n/a 5503 n/aCooper Companies, USA 24.98 560 756 31.4 5.3 19.8 80 17 46 16.9 470 65 122 66.8 -4 10 7034 72 105 3.6 285 317 n/a 1117 n/aMDS, Canada 24.93 -12 -8 65.8 2.7 10.0 38 -41 -53 4.1 916 4 5 157.9 65 84 5<strong>800</strong> -37 -43 4.3 39 62 46 1564 n/aBiosite, USA 24.59 18 87 51.0 14.7 33.4 48 29 155 28.8 168 17 95 167.1 6 31 1003 11 55 24.5 7 19 n/a 423 n/aIDEXX Laboratories, USA 23.85 16 31 35.6 6.4 10.2 67 6 51 18.0 372 16 40 112.6 5 4 3300 10 34 7.2 5 -3 32 1609 n/aNihon Kohden, Japan 23.65 2 11 64.1 5.7 8.1 37 27 221 8.9 414 1 13 152.0 -2 4 2721 2 5 8.7 0 3 n/a 460 4ev3, USA 22.88 1 n/a n/m 29.4 39.3 -61 n/m n/a -77.8 78 55 n/a 88.5 n/a n/a 880 n/a n/a 26.0 n/a n/a n/a 511 n/aBruker Biosciences, USA 22.87 -9 30 446.3 13.2 14.3 5 n/a n/a 3.0 173 5 58 68.0 -48 -39 2549 101 171 9.0 -55 -52 n/a 334 57Aloka, Japan 22.66 -14 -10 15.8 9.9 10.9 143 >999 968 62.7 228 2 1 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 205 n/aInamed, USA (now part of Allergan) 22.60 35 107 n/m 8.9 12.2 -2 -104 -105 -0.6 255 14 42 196.2 5 21 1300 8 18 17.4 24 79 39 n/l n/lDatascope, USA 21.09 12 11 193.4 10.3 12.2 11 -42 -43 5.3 205 3 8 163.0 n/a n/a 1260 n/a n/a 16.7 n/a n/a 38 270 n/aNDChealth, USA(now part of Per-Se Technologies) 19.79 -3 24 97.5 7.2 13.7 20 -31 -40 7.4 276 9 5 184.1 25 21 1500 -13 -14 13.2 11 46 n/a n/l n/lColoplast, Denmark 19.71 5 n/a 21.3 3.3 9.4 93 2 16 15.4 601 8 22 97.6 6 5 6159 1 16 3.2 4 n/a n/a 1973 25Steris, USA 19.57 -5 21 30.1 2.8 7.2 65 -23 -9 9.4 688 6 17 135.0 9 14 5100 -3 2 3.8 -3 19 22 873 n/a19 Household goods 2512.27 7.5 9.4 20.5 2.3 5.6 12246 11.6 71.1 11.0 110928 9.2 16.7 186.9 9.4 25.5 593634 -0.8 -3.1 4.2 7.7 12.2 n/a 186170 n/aProcter & Gamble, USA 1130.01 8 14 17.2 3.4 7.3 6566 13 49 19.9 33050 10 30 300.5 10 23 110000 0 6 10.3 8 7 n/a 113630 46Henkel, Germany 222.62 19 15 26.5 2.7 6.0 841 -38 42 10.2 8227 13 12 159.1 9 12 51724 4 1 4.3 15 14 n/a 9068 22Whirlpool, USA 197.46 8 18 46.6 2.4 5.8 424 -2 78 5.1 8339 8 22 126.4 12 23 66000 -3 0 3.0 11 18 n/a 3606 10Electrolux, Sweden 160.07 7 19 52.4 1.7 5.4 306 -11 -19 3.2 9476 7 1 136.3 12 15 69523 -4 -13 2.3 11 36 54 2614 -38Sekisui Chemical, Japan 113.38 -3 -3 59.8 2.7 5.5 189 47 n/a 4.5 4229 5 2 248.7 5 n/a 17002 0 n/a 6.7 -3 n/a n/a 2851 48100 <strong>The</strong> <strong>2006</strong> R&D Scoreboard<strong>The</strong> <strong>2006</strong> R&D Scoreboard 101
Ranking of the <strong>top</strong> <strong>1250</strong> global <strong>companies</strong> <strong>by</strong> R&D <strong>investment</strong> within industry sectors–––––––––––––––––– 2005/06 R&D <strong>investment</strong> –––––––––––––––––– ——–—–– Operating profit ——–—–– ––––––––––––––––– Sales and employees ––––––––––––––––– ————––—–––—— R&D and employees ——–—––——––––—–––––––––– Sales –––––––––– ––––– Sales / employee ––––– ––––––––– Employees ––––––––– ––––– R&D / employee ––––– Sales––––– Growth ––––– operating R&D + ––––– Growth ––––– ––––– Growth ––––– –––––– Growth ––––– ––––– Growth ––––– –––––– Growth ––––– outside –––Market cap –––change change profit sales capex as change change sales change change change change change change change change region changeCompany £m 1 yr % 4 yr % % % % sales £m 1 yr % 4 yr % % £m 1 yr % 4 yr % £000 1 yr % 4 yr % number 1 yr % 4 yr % £000 1 yr % 4 yr % % £m %19 Household goods continuedBlack & Decker, USA 77.94 13 29 15.5 2.1 3.8 504 37 107 13.3 3<strong>800</strong> 21 40 139.7 16 20 27200 4 17 2.9 9 11 29 3117 -24Swatch, Switzerland 65.85 -6 -4 20.3 3.5 7.8 325 13 18 17.1 1897 8 6 91.5 8 5 20730 0 1 3.2 -5 -4 51 6280 16Reckitt Benckiser, <strong>UK</strong> 63.00 5 14 7.5 1.5 3.3 840 11 34 20.1 4179 8 15 205.9 6 20 20300 2 -4 3.1 3 19 n/a 15378 23Newell Rubbermaid, USA 60.00 -3 7 23.3 1.6 3.1 257 348 129 7.0 3694 -6 -12 132.4 5 28 27900 -10 -33 2.2 8 51 n/a 4297 8Maytag, USA (now part of Whirlpool) 53.00 -7 -9 n/m 1.9 3.8 -32 -254 -128 -1.1 2855 4 6 160.4 -1 18 17<strong>800</strong> 5 -11 3.0 -12 1 12 n/l n/lSekisui House, Japan 30.55 7 3 8.5 0.4 3.6 359 <strong>800</strong> 48 4.8 7412 9 13 456.9 34 n/a 16223 -19 n/a 1.9 31 n/a n/a 6214 41Snap-On, USA 29.12 -18 -14 29.6 2.1 3.8 98 16 53 7.2 1376 1 8 120.7 2 17 11400 -1 -8 2.6 -17 -6 n/a 1420 18Groupe SEB, France 28.51 -2 11 22.7 1.7 4.9 125 6 17 7.4 1692 5 9 116.7 4 8 14505 1 1 2.0 -3 11 49 1008 -2Armstrong, USA 28.25 4 -5 42.1 1.4 5.2 67 n/a n/a 3.2 2073 2 9 139.1 2 16 14900 -1 -6 1.9 5 2 29 12 -80Daiwa House Industry, Japan 28.20 1 3 9.0 0.4 4.5 315 -10 n/a 4.7 6741 12 18 341.0 1 n/a 19770 11 n/a 1.4 -9 n/a n/a 5656 45Steelcase, USA 27.61 15 -1 59.0 1.7 4.2 47 299 n/a 2.8 1671 10 8 128.5 22 32 13000 -10 -19 2.1 29 23 27 1222 n/aPentair, USA 26.82 46 28 14.0 1.6 3.7 191 14 41 11.1 1716 29 16 116.8 14 -4 14700 14 20 1.8 28 6 n/a 1740 n/aNoritz, Japan 25.30 21 15 64.8 2.9 5.8 39 -15 20 4.5 869 3 6 182.3 27 3 4765 -19 1 5.3 49 12 n/a 525 n/aJuki, Japan 23.94 4 -7 55.0 3.8 6.3 43 73 119 6.9 631 6 4 82.6 -17 n/a 7642 27 n/a 3.1 -18 n/a n/a 402 32Church & Dwight, USA 22.54 17 43 17.9 2.2 4.4 126 15 59 12.5 1011 19 49 273.4 22 3 3700 -3 42 6.1 20 -2 n/a 1405 n/aMakita, Japan 20.16 0 8 12.3 2.1 5.5 164 152 235 17.1 961 6 13 112.3 n/a n/a 8560 n/a n/a 2.4 n/a n/a n/a 2633 n/aIndesit, Italy 19.58 60 n/a 24.3 0.9 5.0 80 -40 -37 3.8 2105 -1 16 121.7 4 9 17306 -5 7 1.1 68 n/a n/a 673 n/aBriggs & Stratton, USA 19.51 29 37 14.6 1.3 4.5 134 -4 77 8.7 1546 36 65 170.4 12 31 9073 22 26 2.2 6 9 n/a 782 n/aBIC, France 19.44 14 -18 12.1 2.0 7.1 161 47 22 16.9 949 0 -4 112.0 2 1 8474 -2 -6 2.3 17 -12 n/a 1639 -4Dyson James, <strong>UK</strong> 19.42 31 74 26.0 4.6 10.5 75 90 176 17.5 426 54 75 296.6 52 102 1437 1 -15 13.5 30 98 48 n/l n/l20 Industrial engineering 6079.57 9.2 11.8 33.0 2.7 6.8 18449 39.2 112.9 8.2 223748 11.1 19.7 163.2 8.3 17.8 1323961 0.4 -1.9 4.5 7.1 11.5 n/a 206359 21.9Volvo, Sweden 772.97 18 33 61.0 4.4 9.1 1267 35 342 7.2 17607 14 25 216.9 10 13 81184 4 10 9.5 14 21 48 13202 21Caterpillar, USA 631.41 17 47 27.2 3.0 9.8 2324 23 90 11.2 20719 18 52 243.4 1 26 85116 17 21 7.4 0 22 n/a 28205 28Deere, USA 394.51 11 17 33.1 3.2 5.6 1193 37 142 9.6 12394 20 47 261.5 18 38 47400 2 7 8.3 9 10 n/a 10019 -3MAN, Germany 375.84 37 33 74.1 3.7 5.7 507 24 85 5.0 10080 -2 -6 171.2 5 15 58888 -6 -19 6.4 46 62 n/a 5816 44Komatsu, Japan 247.80 8 17 30.6 3.0 9.6 810 51 >999 9.6 8399 19 43 242.8 13 31 34597 5 10 7.2 3 6 43 11283 74Scania, Sweden 203.10 20 31 40.7 4.3 16.3 499 8 56 10.6 4704 11 23 157.5 8 13 29869 3 9 6.8 17 20 n/a 5243 5Heidelberger Druckmaschinen, Germany 169.57 1 -32 102.5 6.9 10.7 165 66 n/a 6.7 2464 7 -11 131.8 11 11 18698 -4 -20 9.1 5 -15 48 1820 -2Cummins, USA 161.93 15 32 31.5 2.8 4.7 514 61 335 8.9 5777 18 51 172.4 -1 14 33500 19 33 4.8 -3 0 44 3226 37Liebherr, Switzerland 158.03 15 n/a 77.0 5.0 10.5 205 18 n/a 6.5 3154 12 n/a 141.8 6 n/a 22245 6 n/a 7.1 9 n/a n/a n/l n/lNavistar International, USA 120.57 -4 -5 47.3 2.2 4.6 255 381 n/a 4.6 5515 29 30 372.6 24 40 14<strong>800</strong> 4 -8 8.1 -8 2 n/a 942 -31Sandvik, Sweden 116.59 -5 3 16.8 2.5 7.7 694 32 60 15.0 4638 16 26 118.9 12 18 39016 4 7 3.0 -8 -4 55 7283 15IHI, Japan 104.66 -6 -8 n/m 1.9 4.9 -40 n/m n/m -0.7 5375 4 2 n/a n/a n/a n/a n/a n/a n/a n/a n/a 13 2118 72Ingersoll-Rand, Bermuda 94.60 9 -16 12.0 1.5 2.6 785 -11 76 12.8 6143 12 11 153.6 1 21 40000 11 -11 2.4 -2 -6 n/a 7277 -8Atlas Copco, Sweden 92.29 -1 6 13.2 2.4 17.0 700 44 137 18.1 3860 8 10 147.0 11 9 26258 -2 0 3.5 1 5 67 8876 40Knorr-Bremse, Germany 91.11 7 13 52.6 4.8 9.3 173 15 61 9.2 1885 13 31 164.9 9 21 11429 4 8 8.0 2 4 38 n/l n/lFurukawa Electric, Japan 84.85 -10 -20 n/m 2.2 5.3 -6 n/m n/m -0.2 3829 5 2 147.8 5 1 25904 0 4 3.3 -10 -26 n/a 2618 58Nissan Diesel Motor, Japan 79.78 5 19 44.5 3.5 7.3 179 n/a n/a 7.9 2276 2 15 n/a n/a n/a n/a n/a n/a n/a n/a n/a 3 700 17Parker Hannifin, USA 76.06 38 27 15.7 1.6 3.5 486 48 84 10.1 4817 16 29 95.1 11 21 50638 5 7 1.5 32 19 n/a 5221 13Illinois Tool Works, USA 74.48 4 18 5.7 1.0 3.3 1315 10 44 17.5 7527 10 28 150.5 8 25 50000 2 1 1.5 1 16 n/a 15388 7NTN, Japan 73.80 10 24 52.0 3.9 16.1 142 39 187 7.4 1917 9 14 149.9 1 7 12788 8 6 5.8 3 17 40 1971 22AGCO, USA 70.89 17 73 46.3 2.2 3.9 153 -18 61 4.8 3174 3 53 244.2 14 45 13000 -9 7 5.5 29 63 72 1345 22Paccar, USA 68.62 14 50 6.8 0.9 7.1 1006 5 83 12.7 7935 20 66 362.4 12 33 21900 7 26 3.1 7 20 51 8035 13Kawasaki Heavy Industries, Japan 65.06 -11 -18 78.4 1.1 3.3 83 13 37 1.4 6127 7 8 213.6 9 9 28682 -2 -1 2.3 -9 -17 27 2636 47Glory, Japan 64.39 10 18 40.5 6.9 10.1 159 9 88 17.1 932 7 31 178.5 3 21 5221 4 8 12.3 6 8 n/a 733 -1Rieter, Switzerland 63.95 7 8 79.1 4.6 10.3 81 -12 -8 5.8 1397 0 2 95.3 -8 -8 14652 8 11 4.4 -1 -3 53 996 22SKF, Sweden 62.14 7 7 16.0 1.7 5.0 389 26 43 10.8 3607 10 15 96.3 13 17 37454 -3 -2 1.7 10 8 44 3750 10Metso, Finland 60.47 -15 -31 28.4 2.1 4.1 213 172 n/a 7.3 2918 7 -2 130.2 16 17 22405 -8 -16 2.7 -7 -18 55 2834 52Danfoss, Denmark 59.51 14 26 70.0 3.9 10.2 85 -8 19 5.6 1512 0 7 82.8 -4 1 18258 5 6 3.3 9 19 29 n/l n/lKrones, Germany 56.75 n/a n/a 91.4 4.9 7.9 62 -11 -9 5.3 1165 12 25 132.7 9 21 8777 3 4 6.5 n/a n/a n/a 774 n/aGeorg Fischer, Switzerland 54.80 9 2 50.0 3.4 6.8 110 53 277 6.7 1632 4 4 131.6 4 14 12403 1 -9 4.4 8 12 24 1080 56Grundfos, Denmark 54.32 3 21 45.5 4.4 13.6 120 1 28 9.7 1236 10 21 94.3 6 9 13112 4 12 4.1 -1 8 31 n/l n/lCitizen Watch, Japan 50.42 8 2 26.4 2.9 8.2 191 4 121 10.8 1763 -5 1 98.0 -5 1 17987 0 0 2.8 8 2 23 1929 24Ebara, Japan 49.32 -9 -36 n/m 2.1 4.7 -101 -852 n/m -4.3 2361 -6 -13 157.8 -4 -9 14965 -2 -4 3.3 -7 -33 n/a 990 29Saurer, Switzerland 49.16 -5 -5 81.3 4.6 9.4 60 1 82 5.6 1079 -3 -4 107.6 -14 -1 10021 13 -3 4.9 -16 -2 68 637 0Schindler, Switzerland 48.62 -4 -13 17.4 1.2 2.4 279 20 76 7.1 3920 7 11 98.9 6 14 39651 1 -2 1.2 -4 -12 n/a 3813 25Wartsila, Finland 48.17 18 -6 33.1 2.7 5.0 146 77 705 8.0 1813 6 9 150.5 9 8 12049 -3 1 4.0 21 -7 58 1966 27Mettler-Toledo International, Switzerland 47.70 -2 10 46.8 5.5 7.7 102 5 20 11.8 864 6 17 98.1 4 14 8<strong>800</strong> 1 2 5.4 -3 8 n/a 1422 15Deutz, Germany 43.29 -9 15 125.7 4.8 8.8 34 230 162 3.8 909 6 11 174.0 13 21 5223 -6 -8 8.3 -4 24 33 425 11Assa Abloy, Sweden 43.04 18 35 14.5 2.1 4.5 297 46 88 14.6 2035 9 14 68.8 7 7 29578 1 7 1.5 16 27 51 3367 18Claas, Germany 41.18 -17 -5 56.7 2.8 4.7 73 79 78 4.9 1495 13 49 184.0 13 23 8122 0 22 5.1 -17 -22 n/a n/l n/lGEA, Germany 40.51 1 -35 23.6 1.1 2.5 172 >999 86 4.6 3745 34 -22 177.8 68 20 21067 -20 -33 1.9 26 -2 n/a 1701 27102 <strong>The</strong> <strong>2006</strong> R&D Scoreboard<strong>The</strong> <strong>2006</strong> R&D Scoreboard 103
Ranking of the <strong>top</strong> <strong>1250</strong> global <strong>companies</strong> <strong>by</strong> R&D <strong>investment</strong> within industry sectors–––––––––––––––––– 2005/06 R&D <strong>investment</strong> –––––––––––––––––– ——–—–– Operating profit ——–—–– ––––––––––––––––– Sales and employees ––––––––––––––––– ————––—–––—— R&D and employees ——–—––——––––—–––––––––– Sales –––––––––– ––––– Sales / employee ––––– ––––––––– Employees ––––––––– ––––– R&D / employee ––––– Sales––––– Growth ––––– operating R&D + ––––– Growth ––––– ––––– Growth ––––– –––––– Growth ––––– ––––– Growth ––––– –––––– Growth ––––– outside –––Market cap –––change change profit sales capex as change change sales change change change change change change change change region changeCompany £m 1 yr % 4 yr % % % % sales £m 1 yr % 4 yr % % £m 1 yr % 4 yr % £000 1 yr % 4 yr % number 1 yr % 4 yr % £000 1 yr % 4 yr % % £m %20 Industrial engineering continuedBobst, Switzerland 40.26 3 n/a 122.3 5.7 7.8 33 -2 -23 4.7 703 -1 6 125.9 3 0 5587 -4 6 7.2 7 n/a n/a 502 n/aShimadzu, Japan 39.05 10 7 45.7 3.4 8.9 85 38 606 7.4 1153 7 15 139.8 3 10 8246 4 4 4.7 6 3 14 1287 26Koenig & Bauer, Germany 38.07 -5 10 189.1 3.4 5.2 20 52 35 1.8 1114 14 22 141.3 7 15 7882 7 7 4.8 -11 3 38 267 36IWKA, Germany 35.10 -14 -13 n/m 2.5 3.7 -56 -201 -207 -3.9 1422 -5 -9 123.3 10 4 11537 -13 -12 3.0 -1 -2 n/a 315 -9Sauer-Danfoss, USA 34.18 13 37 68.7 3.8 9.9 50 -5 54 5.5 902 10 43 104.8 6 23 8600 4 17 4.0 9 18 56 679 22Alfa Laval, Sweden 32.78 11 22 33.7 2.7 4.7 97 10 18 8.1 1195 9 10 125.5 8 9 9524 1 1 3.4 9 20 51 2155 89Pall, USA 32.73 -2 2 27.1 3.0 7.5 121 -5 24 10.9 1108 7 29 106.5 6 27 10400 1 2 3.1 -3 0 100 1898 -12Amada, Japan 31.49 -11 2 38.9 3.2 5.8 81 269 292 8.2 992 22 21 199.4 18 7 4977 4 13 6.3 -14 -10 29 2464 40Sumitomo Heavy Industries, Japan 31.18 1 n/a 14.9 1.2 3.2 210 95 >999 8.2 2573 8 5 230.8 10 12 11149 -1 -7 2.8 2 n/a n/a 3010 52Timken, USA 30.81 6 1 12.3 1.0 5.3 251 73 272 8.4 3011 15 55 110.1 9 28 27345 5 23 1.1 0 -21 n/a 1808 19IMI, <strong>UK</strong> 29.40 11 11 17.0 1.9 4.9 173 57 75 10.9 1578 -2 -2 92.3 -2 1 17099 0 -3 1.7 10 13 n/a 1690 7Kone, Finland † 29.09 -37 -35 12.6 1.2 2.5 230 21 20 9.3 2475 -19 -15 90.9 -8 -7 27238 -12 -8 1.1 -28 -28 34 2656 28Bucher Industries, Switzerland 28.02 17 16 53.8 3.3 5.9 52 29 85 6.0 861 19 27 126.0 1 9 6836 18 17 4.1 -1 -1 n/a 548 34Gildemeister, Germany 27.89 6 -8 73.1 3.6 5.2 38 32 36 4.9 774 7 7 147.2 4 4 5256 3 3 5.3 4 -11 12 237 29Jungheinrich, Germany 27.64 6 24 38.0 2.4 13.1 73 48 46 6.4 1130 7 9 126.6 8 12 8930 -1 -3 3.1 7 27 0 239 12Hexagon, Sweden 27.15 116 204 96.4 3.9 7.4 28 -39 -8 4.0 705 17 35 115.4 13 21 6111 3 12 4.4 109 175 33 1623 140Terex, USA 26.97 20 136 19.1 0.9 1.6 141 227 162 4.8 2924 29 90 174.0 15 11 16<strong>800</strong> 12 66 1.6 7 59 63 2663 n/aCrane, USA 26.85 -12 -8 21.3 2.2 3.6 126 n/a 373 10.5 1201 9 24 116.3 11 19 10327 -2 3 2.6 -11 -8 n/a 1392 n/aJCB Service, <strong>UK</strong> 26.79 18 33 48.7 2.4 6.1 55 319 257 5.0 1100 22 31 237.5 11 17 4631 9 12 5.8 8 19 n/a n/l n/lStork, <strong>The</strong> Netherlands 24.59 19 -11 30.2 2.0 4.7 81 30 303 6.5 1249 5 -9 99.1 7 10 12607 -1 -17 2.0 21 5 16 857 -5Gamesa, Spain 24.55 -28 -17 15.0 1.6 6.1 164 -13 14 10.5 1559 31 77 190.4 15 27 8188 13 42 3.0 -37 -43 n/a 2817 44Daifuku, Japan 24.53 17 13 51.4 3.0 4.8 48 204 >999 5.8 820 20 21 220.8 13 14 3716 6 6 6.6 11 6 7 926 n/aJenoptik, Germany 23.67 8 14 n/m 1.8 3.7 -19 -161 -181 -1.5 1315 -24 -5 138.7 -20 -13 9486 -6 7 2.5 15 5 35 240 -15Kurita Water Industries, Japan 20.87 -1 -9 26.5 2.6 6.3 79 20 36 9.9 794 10 10 234.8 10 12 3382 0 0 6.2 -1 -8 1 1470 n/aCargotec, Finland † 20.85 n/a n/a 15.3 1.2 3.8 136 n/a n/a 8.1 1671 n/a n/a 224.4 n/a n/a 7446 n/a n/a 2.8 n/a n/a 44 1199 n/aHitachi Zosen, Japan 20.26 0 -24 56.2 1.2 15.4 36 n/a n/a 2.2 1667 0 -17 206.3 0 -5 8079 0 -13 2.5 1 -13 3 393 n/aKomori, Japan 19.68 2 n/a 39.5 3.6 6.3 50 27 30 9.0 552 8 11 239.9 8 12 2300 0 -1 8.6 3 n/a 43 896 n/aOshkosh Truck, USA 19.45 21 62 12.4 1.1 2.6 157 46 107 9.1 1724 31 60 216.6 12 26 7960 17 28 2.4 4 28 14 2118 n/aISEKI, Japan 19.44 3 n/a 71.5 2.5 5.7 27 -7 68 3.5 777 2 -1 116.6 2 n/a 6665 0 n/a 2.9 3 n/a 9 372 n/a21 Industrial metals 1579.45 3.3 -5.2 8.1 0.8 7.1 19449 20.1 158.4 10.3 189646 8.4 19.7 218.7 9.4 29.2 833299 -3.0 -4.3 1.8 9 23.2 n/a 145418 39.3JFE, Japan 183.55 2 n/a 11.3 1.3 7.5 1631 55 n/a 11.8 13837 13 n/a 263.5 13 n/a 52503 0 n/a 3.5 2 n/a n/a 13625 42Alcan, Canada 132.22 -5 44 35.1 1.1 10.1 377 -36 -10 3.2 11836 -18 28 182.4 4 22 64900 -21 7 2.0 21 38 64 10435 33POSCO, South Korea 130.01 -19 -9 4.1 0.9 13.6 3154 2 90 20.8 15156 10 52 797.5 12 n/a 19004 -2 n/a 6.8 -17 n/a n/a 12494 13ThyssenKrupp, Germany 127.80 -3 0 9.4 0.4 4.0 1363 10 94 4.7 28902 7 12 154.4 7 14 187216 0 -2 0.7 -2 1 n/a 9877 77AlCoA, USA 113.00 7 -2 8.7 0.7 8.9 1298 0 25 8.5 15237 11 19 118.1 3 14 129000 8 4 0.9 -2 -6 n/a 14774 -2Kobe Steel, Japan 97.22 16 -1 17.0 1.4 5.3 570 102 290 8.0 7125 18 16 263.2 15 18 27067 3 -2 3.6 13 1 n/a 5318 38Arcelor, Luxembourg 94.82 2 -2 3.0 0.4 6.7 3163 28 321 14.1 22407 8 37 229.4 6 27 97695 2 8 1.0 0 -14 n/a 18133 128Umicore, Belgium 76.96 26 109 40.7 1.6 3.5 189 0 102 3.8 4954 1 56 499.7 18 52 9914 -14 6 7.8 46 116 n/a 1791 40Sumitomo Metal Industries, Japan 72.71 8 -12 8.4 1.2 8.1 863 138 >999 14.1 6104 10 -5 242.2 n/a n/a 25201 n/a n/a 2.9 n/a n/a n/a 7690 38Corus, <strong>UK</strong> 66.00 5 6 10.2 0.7 4.8 646 7 n/a 6.4 10140 9 26 210.4 10 34 48200 -1 -6 1.4 6 12 20 3587 67USEC, USA 55.04 62 156 141.5 6.1 7.7 39 -9 67 4.3 908 10 9 328.8 14 11 2762 -4 -2 19.9 68 159 n/a 510 -33Mitsubishi Materials, Japan 51.57 -7 -22 28.6 1.1 5.8 180 73 n/a 3.7 4860 4 -4 247.5 11 10 19638 -6 -13 2.6 -1 -11 9 2774 44Voest-Alpine, Austria 42.26 2 27 8.3 0.9 8.4 507 43 183 11.3 4475 13 43 183.8 11 27 24348 2 13 1.7 1 13 n/a 3108 78Salzgitter, Germany 39.51 1 10 6.6 0.8 4.4 599 116 336 12.2 4914 20 42 279.5 21 46 17583 0 -3 2.2 1 13 28 2715 111Heraeus, Germany 37.10 n/a n/a 31.1 0.6 1.3 119 -10 -10 1.9 6398 13 29 606.9 3 15 10541 10 12 3.5 n/a n/a 46 n/l n/lNovelis, Canada 33.78 -6 n/a 21.5 0.7 2.9 157 16 n/a 3.5 4517 25 n/a 334.6 n/a n/a 13500 n/a n/a 2.5 n/a n/a n/a 847 -15Bekaert, Belgium 30.90 -17 9 24.3 2.3 9.8 127 -20 76 9.6 1315 -12 0 119.3 -2 0 11022 -10 0 2.8 -7 9 51 1110 10Mitsui Mining & Smelting, Japan 29.02 99 143 14.0 1.3 8.9 207 136 106 9.6 2162 11 12 222.9 8 3 9701 3 8 3.0 93 124 13 1872 9Phelps Dodge, USA 28.31 50 68 2.0 0.5 8.1 1393 61 570 26.5 5260 27 91 350.7 19 75 15000 7 9 1.9 40 54 n/a 10262 n/aNippon Light Metal, Japan 27.33 15 19 23.1 1.0 3.7 118 23 201 4.3 2765 5 5 213.9 n/a n/a 12927 n/a n/a 2.1 n/a n/a n/a 807 1Sumitomo Metal Mining, Japan 23.75 12 22 8.3 1.0 8.8 287 119 >999 12.0 2392 21 33 n/a n/a n/a n/a n/a n/a n/a n/a n/a 5 4741 n/aOutokumpu, Finland 22.67 -20 -25 49.3 0.5 2.9 46 -88 -74 1.0 4448 -9 8 386.2 56 84 11517 -42 -41 2.0 38 27 n/a 2466 61Eramet, France 21.99 -9 24 4.9 1.2 9.6 451 8 352 24.2 1863 8 24 150.8 12 31 12353 -4 -6 1.8 -5 32 50 2185 42China Steel, Taiwan 21.55 14 28 1.8 0.4 7.2 1198 4 101 23.8 5039 69 128 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 5125 n/aInco, Canada 20.39 21 51 2.7 0.8 26.6 765 14 n/a 29.1 2632 6 65 224.8 -1 50 11707 7 11 1.7 13 36 63 9173 n/a22 Industrial transportation 401.43 -13.8 n/a 6.6 0.5 8.8 6101 1.9 25.7 7.2 84<strong>800</strong> 2.5 -2.8 73.2 -3.1 -0.2 1012309 -4.5 -26.7 0.3 -34.8 n/a n/a n/a n/aDeutsche Post, Germany 120.24 -40 -16 4.9 0.4 3.5 2430 20 77 7.9 30640 3 14 78.8 1 7 388859 2 7 0.3 -41 -20 n/a 15668 -1East Japan Railway, Japan 76.89 -2 7 5.1 0.6 15.9 1500 -19 -9 12.0 12523 0 0 167.1 3 6 74923 -3 -6 1.0 1 14 0 17285 39Hyundai Heavy Industries, South Korea 76.04 13 36 41.9 0.9 4.1 181 164 104 2.3 8013 17 50 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 5273 88SNCF, France 37.79 n/a n/a 8.5 0.3 12.3 447 12 177 3.1 14425 -5 -2 70.1 6 12 205839 -10 -12 0.2 n/a n/a n/a 1186 n/aBAA, <strong>UK</strong>(now part of Airport Development and Investment) 27.00 n/a n/a 3.1 1.2 65.5 878 -11 27 38.6 2275 8 14 148.3 -13 -8 15337 23 24 1.8 n/a n/a 0 n/l n/l104 <strong>The</strong> <strong>2006</strong> R&D Scoreboard<strong>The</strong> <strong>2006</strong> R&D Scoreboard 105
Ranking of the <strong>top</strong> <strong>1250</strong> global <strong>companies</strong> <strong>by</strong> R&D <strong>investment</strong> within industry sectors–––––––––––––––––– 2005/06 R&D <strong>investment</strong> –––––––––––––––––– ——–—–– Operating profit ——–—–– ––––––––––––––––– Sales and employees ––––––––––––––––– ————––—–––—— R&D and employees ——–—––——––––—–––––––––– Sales –––––––––– ––––– Sales / employee ––––– ––––––––– Employees ––––––––– ––––– R&D / employee ––––– Sales––––– Growth ––––– operating R&D + ––––– Growth ––––– ––––– Growth ––––– –––––– Growth ––––– ––––– Growth ––––– –––––– Growth ––––– outside –––Market cap –––change change profit sales capex as change change sales change change change change change change change change region changeCompany £m 1 yr % 4 yr % % % % sales £m 1 yr % 4 yr % % £m 1 yr % 4 yr % £000 1 yr % 4 yr % number 1 yr % 4 yr % £000 1 yr % 4 yr % % £m %22 Industrial transportation continuedDaewoo Shipbuilding & Marine, South Korea 23.97 43 24 n/m 0.9 6.2 -12 -106 -106 -0.4 2717 -1 22 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 3603 n/aFinland Post, Finland 20.27 51 44 22.6 2.2 8.9 90 56 133 9.7 926 9 19 38.7 7 16 23946 2 2 0.8 49 40 n/a n/l n/lLa Poste, France 19.24 22 n/a 3.3 0.1 3.9 587 40 123 4.4 13281 3 7 43.8 5 11 303405 -2 -3 0.1 24 n/a n/a n/l n/l23 Leisure goods 10671.95 1.7 7.5 152.3 7.0 11.7 7009 -3.8 134.4 4.6 153218 3.9 8.7 162.3 3.7 6.4 922489 -0.8 0.4 11.3 1.6 4.6 n/a 135249 10.6Matsushita Electric, Japan 2787.28 -8 -2 151.9 6.4 10.4 1834 50 134 4.2 43895 2 17 131.3 2 3 334402 0 13 8.3 -8 -14 26 29328 18Sony, Japan 2624.49 6 12 148.7 7.7 14.3 1766 88 166 5.2 34268 4 -5 216.2 -1 -4 158500 5 -1 16.6 1 14 53 26192 32Philips Electronics, <strong>The</strong> Netherlands 1605.74 -8 -19 148.2 7.7 10.9 1084 -32 776 5.2 20884 0 -2 151.6 3 16 137799 -3 -17 11.7 -5 -3 n/a 22087 14Fuji Photo Film, Japan 898.96 8 13 268.5 6.8 13.8 335 -57 -55 2.5 13164 6 7 173.6 5 3 75845 0 3 11.9 8 9 35 10063 1Eastman Kodak, USA 519.57 4 12 n/m 6.3 9.6 -365 >-999 -243 -4.4 8311 6 8 162.6 13 37 51100 -7 -23 10.2 12 42 n/a 3335 -23Electronic Arts, USA 441.52 20 57 232.5 25.7 29.9 190 -50 -35 11.0 1719 -6 15 238.7 -20 -27 7200 18 57 61.3 1 0 n/a 8841 -16Konica Minolta, Japan 325.69 34 95 163.0 6.2 10.5 200 -6 56 3.8 5268 24 71 157.8 29 7 33388 -4 54 9.8 40 24 51 3973 29Harman International Industries, USA 129.66 3 59 64.4 7.3 13.0 201 41 137 11.4 1765 12 43 162.8 9 40 10845 2 2 12.0 0 56 n/a 3168 -2Take-Two Interactive Software, USA 128.29 50 363 550.9 18.3 20.7 23 -58 -57 3.3 700 7 41 349.9 -24 n/a 2002 40 n/a 64.1 7 n/a 32 455 -56Yamaha, Japan 113.28 2 4 80.8 4.3 8.3 140 -44 24 5.3 2636 -1 2 141.9 0 n/a 18574 -1 n/a 6.1 3 n/a 32 2480 23Namco, Japan (now part of Namco Bandai) 108.11 11 44 145.2 12.3 13.5 74 10 305 8.4 881 3 14 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/l n/lMattel, USA 106.01 6 8 26.2 3.5 6.2 404 -8 7 13.4 3017 1 5 116.0 -2 3 26000 4 2 4.1 2 6 48 3961 -5Bandai, Japan (now part of Namco Bandai) 96.28 6 27 87.4 7.2 10.5 110 -15 -2 8.3 1332 3 13 430.3 -3 0 3096 6 14 31.1 0 12 16 n/l n/lCasio Computer, Japan 89.84 10 23 46.7 3.1 6.6 192 9 255 6.7 2864 4 22 226.0 -1 18 12673 4 2 7.1 5 20 21 3000 33Hasbro, USA 87.71 -4 4 44.1 4.9 7.2 199 17 85 11.1 1798 3 5 304.8 5 23 5900 -2 -16 14.9 -3 22 40 1886 -13Brunswick, USA 84.29 10 29 29.2 2.4 6.4 289 17 93 8.4 3450 13 44 125.5 5 19 27500 7 21 3.1 3 7 n/a 1629 -36Activision, USA 76.76 52 87 733.8 9.0 11.0 10 -90 -85 1.2 855 4 47 397.9 -16 -9 2149 24 62 35.7 22 17 n/a 2072 -11Midway Games, USA 63.34 46 120 n/m 72.5 76.7 -63 n/m n/m -72.2 87 -7 -2 106.6 -21 -31 820 17 41 77.2 25 61 n/a 492 n/aThq, USA 49.07 15 99 247.4 10.4 13.3 20 -54 -30 4.2 470 7 43 293.6 -13 -24 1600 23 86 30.7 -6 11 n/a 917 8Pentax, Japan 48.34 9 31 171.5 7.3 12.4 28 0 596 4.3 659 -1 18 n/a n/a n/a n/a n/a n/a n/a n/a n/a 52 391 38Bang & Olufsen, Denmark 46.22 10 35 132.1 13.4 16.7 35 13 31 10.2 345 4 -4 149.2 22 16 2311 -15 -18 20.0 29 63 18 689 40Garmin, Cayman Islands 43.62 22 81 22.2 7.3 9.9 197 25 65 32.9 599 35 89 197.3 10 16 3034 22 64 14.4 0 12 n/a 5609 59Shimano, Japan 41.69 39 27 35.3 5.0 9.1 118 -16 49 14.3 828 -1 17 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 1760 -11Leapfrog Enterprises, USA 30.49 -14 -1 255.3 8.1 10.6 12 n/a -57 3.2 378 1 20 452.2 12 4 837 -9 1 36.4 -6 -11 n/a 297 15Hannstar Display, Taiwan 28.34 n/a n/a n/m 2.6 25.2 -133 n/a n/a -12.0 1106 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 490 n/aAmer Sports, Finland 27.07 26 45 52.2 2.9 4.5 52 -26 -25 5.5 937 29 25 188.6 8 1 4968 19 23 5.4 6 18 62 811 6Pace Micro Technology, <strong>UK</strong> 23.98 12 -19 341.2 9.5 10.9 7 76 n/a 2.8 253 6 -21 425.8 6 30 595 -1 -38 40.3 13 25 19 93 -46TiVo, USA 23.93 9 53 n/m 21.0 24.6 -22 n/m n/m -19.1 114 14 79 285.3 -2 33 400 17 43 59.8 -6 6 n/a 339 n/aHeiwa, Japan 22.39 0 12 31.5 3.5 6.5 71 25 5 11.2 632 8 23 664.7 11 15 951 -2 7 23.5 2 4 n/a 892 -924 Life insurance 62.54 n/a n/a 3.0 0.3 0.3 2116 59.3 300.3 10.5 20112 26.9 72.9 318.6 12.3 63.2 63116 12.9 4.8 1.0 n/a n/a n/a n/a n/aOld Mutual, <strong>UK</strong> 40.00 700 n/a 2.6 0.3 0.3 1548 46 207 12.2 12709 30 94 295.9 25 96 42950 4 -2 0.9 669 n/a 109 8809 n/aEureko, <strong>The</strong> Netherlands 22.54 n/a n/a 4.0 0.3 0.3 568 114 >999 7.7 7403 22 45 367.1 -12 17 20166 39 22 1.1 n/a n/a n/a n/l n/l25 Media 1331.49 10.0 2.8 15.3 1.8 7.4 8699 3.2 n/a 11.5 75496 1.8 -14.8 225.5 5.6 2.6 334757 -3.6 -23.3 4.0 14.1 24.4 n/a 91912 -9.4Lagardere, France 260.41 18 19 42.3 2.9 6.7 616 30 98 6.9 8941 -3 -1 185.3 -5 -6 48245 2 6 5.4 16 11 32 5485 -5Vivendi Universal (now Vivendi), France 233.61 75 89 8.4 1.7 7.7 2796 16 n/a 20.9 13387 3 -51 360.2 8 n/a 37166 -4 -68 6.3 83 n/a 27 21053 11Thomson, France 172.46 -9 -24 n/m 3.5 6.9 -149 n/m -337 -3.1 4864 -11 -24 149.8 34 38 32475 -34 -45 5.3 37 38 n/a 2337 -33Dai Nippon Printing, Japan 130.22 1 8 23.2 1.9 7.0 562 18 87 8.0 7032 5 7 201.3 4 6 34939 1 1 3.7 0 7 n/a 6677 -3Reuters, <strong>UK</strong> 121.00 -5 -39 40.7 5.0 10.7 297 41 n/a 12.3 2409 -16 -29 151.9 -16 -21 15864 -1 -9 7.6 -5 -32 n/a 5120 -1Toppan Printing, Japan 109.84 4 12 27.7 1.6 7.4 397 35 43 5.7 6976 9 10 213.2 7 9 32724 2 1 3.4 3 10 n/a 4638 14Scientific-Atlanta, USA(now part of Cisco Systems) 107.84 11 17 62.9 9.7 13.6 171 1 14 15.4 1113 12 4 145.5 10 -3 7652 2 8 14.1 9 8 n/a n/l n/lReed Elsevier, <strong>UK</strong> 102.00 -7 n/a 12.1 2.0 4.0 842 10 45 16.3 5166 7 7 143.1 4 5 36100 3 2 2.8 -10 n/a 70 6752 n/aTime Warner, USA 71.65 -8 -4 2.3 0.3 7.7 3108 -19 n/a 12.2 25426 4 9 289.4 0 6 87850 3 2 0.8 -11 -6 20 39229 -20Arbitron, USA 22.46 16 43 38.0 12.4 17.5 59 3 15 32.7 181 5 18 103.6 3 -2 1742 2 18 12.9 14 19 n/a 620 n/a26 Mining 184.65 35.8 132.8 2.9 0.8 18.2 6396 43.4 94.2 26.0 24596 15.0 61.7 105.3 20.7 51.9 233560 -4.7 7.2 0.8 42.5 121.0 n/a 67678 34.2Vale Do Rio Doce, Brazil 161.35 47 176 5.1 2.2 33.3 3164 67 123 42.5 7451 8 65 193.2 2 -11 38560 7 74 4.2 38 58 n/a 32312 45Anglo American, <strong>UK</strong> 23.30 -11 12 0.7 0.1 11.6 3232 26 73 18.9 17145 18 60 87.9 27 61 195000 -7 0 0.1 -5 12 54 35366 2627 Mobile telecommunications 612.47 10.3 3.7 n/m 0.8 12.8 -12356 n/m n/m -16.2 76074 12.2 23.2 378.9 -5.9 14.1 197191 19.9 7.2 2.4 -13.3 -15.5 n/a 126241 n/aVodafone, <strong>UK</strong> 206.00 -6 24 n/m 0.6 9.8 -18465 n/m n/m -50.4 36616 7 21 593.7 0 22 61672 7 -2 3.3 -12 24 n/a 61607 -35SK Telecom, South Korea 146.09 -7 22 10.0 2.4 15.6 1458 9 1 23.6 6178 1 11 929.6 12 7 6646 -10 4 22.0 3 18 n/a 9267 3Pantech & Curitel, South Korea 81.34 19 n/a n/m 8.3 11.1 -104 >-999 n/a -10.6 981 -16 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 93 n/aPantech, South Korea 63.18 73 n/a n/m 16.7 26.0 -26 -238 n/a -6.9 377 0 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 215 n/aTelenor, Norway 60.99 68 22 5.4 1.0 21.0 1126 91 194 19.0 5929 13 36 214.8 -12 8 27600 30 25 2.2 29 -2 14 13145 51Alltel, USA 27.49 46 -50 2.1 0.5 13.6 1323 16 7 22.9 5791 21 25 271.0 5 26 21373 15 -3 1.3 27 -46 n/a 12354 n/aSprint Nextel, USA 27.38 47 n/a 1.2 0.1 14.7 2332 n/a 631 11.5 20200 26 30 252.8 -5 13 79900 33 13 0.3 10 n/a n/a 29560 n/a106 <strong>The</strong> <strong>2006</strong> R&D Scoreboard<strong>The</strong> <strong>2006</strong> R&D Scoreboard 107
Ranking of the <strong>top</strong> <strong>1250</strong> global <strong>companies</strong> <strong>by</strong> R&D <strong>investment</strong> within industry sectors–––––––––––––––––– 2005/06 R&D <strong>investment</strong> –––––––––––––––––– ——–—–– Operating profit ——–—–– ––––––––––––––––– Sales and employees ––––––––––––––––– ————––—–––—— R&D and employees ——–—––——––––—–––––––––– Sales –––––––––– ––––– Sales / employee ––––– ––––––––– Employees ––––––––– ––––– R&D / employee ––––– Sales––––– Growth ––––– operating R&D + ––––– Growth ––––– ––––– Growth ––––– –––––– Growth ––––– ––––– Growth ––––– –––––– Growth ––––– outside –––Market cap –––change change profit sales capex as change change sales change change change change change change change change region changeCompany £m 1 yr % 4 yr % % % % sales £m 1 yr % 4 yr % % £m 1 yr % 4 yr % £000 1 yr % 4 yr % number 1 yr % 4 yr % £000 1 yr % 4 yr % % £m %28 Nonequity <strong>investment</strong> instruments n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/aNo <strong>companies</strong> with sufficient R&D for inclusion n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a29 Nonlife insurance 122.00 4.3 n/a 16.7 1.9 1.9 729 221.1 n/a 11.4 6420 -14.9 -45.9 253.8 -4.6 -9.4 25292 -10.8 -40.1 4.8 16.9 n/a n/a 4012 n/aRoyal & Sun Alliance, <strong>UK</strong> 122.00 4.3 n/a 16.7 1.9 1.9 729 221.1 n/a 11.4 6420 -14.9 -45.9 253.8 -4.6 -9.4 25292 -10.8 -40.1 4.8 16.9 n/a n/a 4012 n/a30 Oil & gas producers 2864.49 11.8 17.6 1.5 0.3 7.3 185447 38.8 102.4 17.0 1091222 16.5 50.3 682.8 16.6 52.6 1598216 -0.1 -1.7 1.8 11.9 20.7 n/a 1132886 8.2TOTAL, France 464.48 6 2 2.8 0.6 7.2 16813 33 81 20.0 84250 0 13 746.4 -1 16 112877 1 -3 4.1 5 5 42 87302 -4Exxon Mobil, USA 414.73 10 14 1.2 0.2 4.6 33890 40 103 18.3 184879 20 57 1742.5 19 49 106100 1 6 3.9 9 7 n/a 240948 7Royal Dutch Shell, <strong>UK</strong> 342.50 6 18 1.3 0.2 5.3 25899 36 95 14.5 178664 16 57 1639.1 21 58 109000 -4 0 3.1 11 18 n/a 124031 -5BP, <strong>UK</strong> 292.40 14 30 1.6 0.2 5.3 18027 31 92 12.4 145308 -12 15 1414.9 -11 22 102700 -1 -6 2.8 16 38 57 126066 -8Petroleo Brasiliero, Brazil 232.41 61 119 2.7 0.7 19.1 8634 52 119 26.3 32808 50 96 608.6 45 65 53904 4 20 4.3 55 86 n/a 57659 61PetroChina, China 230.61 9 41 1.6 0.6 25.6 14267 31 99 35.8 39859 42 88 90.8 37 80 439220 4 4 0.5 5 35 n/a 116717 24Chevron, USA 184.06 31 39 1.2 0.2 5.2 15013 21 115 14.9 100687 32 70 1706.6 6 47 59000 25 14 3.1 5 21 n/a 83860 11China Petroleum & Chemical, China 161.90 48 39 3.2 0.3 0.4 5048 7 75 8.5 59412 36 99 163.0 46 122 364528 -6 -12 0.4 58 57 n/a 35666 48ENI, Italy 138.79 -21 -7 1.2 0.3 9.2 12023 47 86 23.7 50658 26 43 710.5 27 49 71303 0 -5 1.9 -21 -3 n/a 66050 -1Statoil, Norway 91.70 4 25 1.1 0.3 12.0 8052 44 88 24.0 33596 29 53 1310.1 20 14 25644 7 33 3.6 -3 -5 14 37271 23ConocoPhillips, USA 72.81 -1 20 0.5 0.1 7.3 13967 61 230 14.9 94037 36 128 2641.5 36 154 35600 -1 -16 2.0 0 40 n/a 65768 22Norsk Hydro, Norway 61.59 -6 -11 1.5 0.4 21.7 4041 41 90 27.0 14986 12 8 444.7 23 29 33695 -9 -16 1.8 3 6 19 20333 30Nippon Oil, Japan 56.46 18 13 5.3 0.2 2.4 1074 n/a 884 4.4 24301 15 36 1810.3 23 46 13424 -6 -6 4.2 26 21 n/a 6944 3Repsol YPF, Spain 43.29 11 -44 1.0 0.1 6.6 4183 63 100 12.3 33921 22 27 962.6 12 20 35239 9 6 1.2 1 -47 n/a 18664 -8CNOOC, China 28.99 50 126 1.1 0.6 26.0 2654 58 130 52.9 5013 26 95 1859.5 18 47 2696 7 33 10.8 40 67 n/a 21592 n/aNexen, Canada 26.93 54 166 5.2 1.1 54.0 519 -19 7 20.9 2484 28 57 756.8 26 29 3282 1 21 8.2 53 148 n/a 9353 n/aSasol, South Africa 20.85 -43 -64 1.6 0.3 19.2 1344 58 24 21.1 6359 15 22 211.9 19 26 30004 -3 -3 0.7 -41 -63 n/a 14660 831 Oil equipment, services & distribution 778.84 7.2 1.3 11.7 1.8 7.9 6663 138.2 302.9 15.7 42519 17.8 34.1 141.2 5.2 22.9 301040 11.9 9.1 2.6 -4.2 -7.3 n/a 124128 53.9Schlumberger, USA 294.45 8 -15 15.9 3.5 14.7 1850 65 487 22.2 8335 25 9 138.9 9 29 60000 14 -17 4.9 -5 2 n/a 46367 57Halliburton, USA 140.38 -4 0 9.8 1.1 4.2 1429 n/a n/a 11.7 12229 3 35 115.4 -6 17 106000 9 16 1.3 -12 -14 n/a 20247 16Baker Hughes, USA 109.62 7 17 14.0 2.6 9.3 781 56 120 18.7 4185 18 32 143.8 9 21 29100 8 9 3.8 -2 7 58 14911 28Weatherford International, USA 62.54 28 47 18.5 2.5 14.6 338 43 97 13.3 2536 39 68 101.0 2 9 25100 36 54 2.5 -6 -4 45 9543 79Smith International, USA 42.87 10 31 11.0 1.3 4.5 391 53 92 12.0 3250 26 51 221.1 14 24 14697 11 23 2.9 -1 7 n/a 5520 31BJ Services, USA 31.57 15 85 8.3 1.7 11.7 380 22 60 20.1 1889 25 47 138.9 18 27 13600 6 16 2.3 8 64 n/a 6852 16FMC Technologies, USA 30.00 2 4 30.2 1.6 4.4 99 3 162 5.3 1879 17 42 187.9 5 23 10000 11 16 3.0 -8 -10 69 2585 61Compagnie Generale de Geophysique, France 27.00 17 28 63.4 4.5 18.9 43 136 90 7.1 598 26 24 151.2 17 8 3952 8 15 6.8 9 12 59 1634 144Tenaris, Luxembourg 20.21 32 n/a 1.7 0.5 4.4 1205 106 280 30.7 3924 63 97 221.8 51 64 17693 8 20 1.1 23 n/a 77 13311 917Technip, France 20.20 -11 -4 13.7 0.5 3.7 148 73 74 4.0 3695 5 20 176.8 -5 8 20898 10 11 1.0 -19 -13 n/a 3157 232 Personal goods 1536.03 2.3 8.3 14.6 2.2 6.3 10554 7.6 24.7 15.0 70575 6.3 13.1 107.6 3.7 4.5 656181 2.5 8.2 2.3 -0.1 0.0 n/a 119803 9.9L'Oreal, France 340.94 -2 5 21.9 3.4 7.5 1555 1 9 15.6 9985 0 3 190.5 -1 0 52403 1 4 6.5 -3 2 n/a 34892 21Kao, Japan 196.24 3 5 32.7 4.2 9.7 600 2 9 13.0 4624 4 9 241.5 5 11 19143 -1 -2 10.3 4 8 18 8406 10Kimberly-Clark, USA 186.10 14 12 14.2 2.0 6.5 1314 -11 -7 14.2 9263 5 11 162.5 11 21 57000 -5 -9 3.3 20 22 n/a 16330 -7Colgate-Palmolive, USA 143.47 7 21 11.9 2.2 5.6 1204 -1 0 18.1 6638 8 16 185.4 8 21 35<strong>800</strong> -1 -4 4.0 8 25 n/a 17513 10Gillette, USA(now part of Procter & Gamble) 121.74 3 11 8.6 2.0 7.9 1410 20 41 23.1 6103 13 17 212.6 16 28 28700 -2 -9 4.2 6 21 65 n/l n/lInternational Flavors & Fragrances, USA 104.74 3 17 66.6 9.0 13.7 157 -11 -6 13.6 1161 -2 5 225.0 -1 13 5160 -1 -8 20.3 4 26 n/a 1980 -3Givaudan, Switzerland 97.23 6 6 42.9 7.9 13.7 227 6 23 18.5 1228 4 6 207.3 3 3 5924 0 3 16.4 5 3 63 3367 19Shiseido, Japan 81.19 -2 -4 58.1 2.5 5.4 140 n/a 96 4.2 3311 5 8 128.4 -2 4 25781 7 4 3.1 -8 -8 19 4613 29Yue Yuen Industrial, Hong Kong 54.79 5 30 29.7 3.0 10.1 184 0 15 10.0 1838 16 41 6.9 10 19 265000 5 20 0.2 0 10 n/a 2676 -9Adidas-Salomon, Germany 43.29 -28 -27 9.4 0.9 3.8 461 16 33 10.1 4559 2 5 264.1 -3 -9 17265 6 15 2.5 -32 -37 51 5038 -3Estee Lauder, USA 42.11 8 15 10.0 1.1 4.8 420 18 50 11.4 3691 9 25 155.7 3 9 23700 7 15 1.8 1 0 n/a 4647 59Avon Products, USA 37.40 1 24 5.6 0.8 3.3 672 -3 21 14.2 4747 5 22 96.9 2 14 49000 3 7 0.8 -2 15 n/a 7174 -19Reebok International, USA(now part of Adidas-Salomon, Germany) 31.83 8 17 18.9 1.4 2.9 169 15 47 7.6 2205 9 21 242.2 -7 -7 9102 17 31 3.5 -8 -11 n/a n/l n/lPUMA, Germany 28.86 14 52 10.6 2.4 5.5 273 9 96 22.4 1221 16 65 276.0 -9 -3 4425 27 73 6.5 -11 -13 38 3271 32Christian Dior, France 26.11 -7 -21 1.5 0.3 5.0 1768 26 106 17.7 10001 10 13 173.1 12 11 57778 -2 2 0.5 -6 -23 64 9896 2033 Pharmaceuticals & biotechnology 46733.85 8.2 26.9 73.9 14.9 19.8 63268 10.2 27.2 20.2 313721 6.8 17.1 218.1 4.3 10.1 1395302 -0.9 3.4 32.6 6.1 20.3 n/a 1174336 9.3Pfizer, USA 4334.81 -3 20 66.5 14.5 18.6 6522 -20 14 21.8 29912 -2 27 282.2 6 28 106000 -8 0 40.9 5 21 n/a 108877 -3Johnson & Johnson, USA 3676.61 21 45 47.7 12.5 17.7 7702 3 32 26.2 29423 7 27 254.5 1 19 115600 5 7 31.8 15 35 n/a 108795 -1GlaxoSmithKline, <strong>UK</strong> 3136.00 10 12 45.3 14.5 19.1 6926 12 20 32.0 21660 6 4 217.7 7 9 99503 0 -5 31.5 11 17 68 83331 9Novartis, Switzerland 2822.69 15 34 68.3 15.0 18.8 4134 6 17 22.0 18763 14 26 206.4 2 6 90924 12 20 31.0 3 13 n/a 89341 12Sanofi-Aventis, France 2778.62 2 57 125.9 14.8 14.8 2208 9 36 11.8 18765 7 72 193.1 7 n/a 97181 1 n/a 28.6 1 n/a 56 66208 -2Roche, Switzerland 2521.44 12 27 65.9 16.1 25.7 3827 16 138 24.4 15695 14 17 230.1 8 13 68218 5 4 37.0 6 22 63 89009 21Merck, USA 2241.38 -4 25 53.1 17.5 23.9 4224 -7 -23 32.9 12821 -4 -39 208.5 -2 -28 61500 -2 -13 36.4 -2 39 n/a 52872 35108 <strong>The</strong> <strong>2006</strong> R&D Scoreboard<strong>The</strong> <strong>2006</strong> R&D Scoreboard 109
Ranking of the <strong>top</strong> <strong>1250</strong> global <strong>companies</strong> <strong>by</strong> R&D <strong>investment</strong> within industry sectors–––––––––––––––––– 2005/06 R&D <strong>investment</strong> –––––––––––––––––– ——–—–– Operating profit ——–—–– ––––––––––––––––– Sales and employees ––––––––––––––––– ————––—–––—— R&D and employees ——–—––——––––—–––––––––– Sales –––––––––– ––––– Sales / employee ––––– ––––––––– Employees ––––––––– ––––– R&D / employee ––––– Sales––––– Growth ––––– operating R&D + ––––– Growth ––––– ––––– Growth ––––– –––––– Growth ––––– ––––– Growth ––––– –––––– Growth ––––– outside –––Market cap –––change change profit sales capex as change change sales change change change change change change change change region changeCompany £m 1 yr % 4 yr % % % % sales £m 1 yr % 4 yr % % £m 1 yr % 4 yr % £000 1 yr % 4 yr % number 1 yr % 4 yr % £000 1 yr % 4 yr % % £m %33 Pharmaceuticals & biotechnology continuedAstraZeneca, <strong>UK</strong> 1968.20 -11 3 52.0 14.1 17.6 3787 36 54 27.1 13950 12 28 215.0 11 16 64900 1 11 30.3 -12 -6 n/a 50344 20Eli Lilly, USA 1762.29 12 28 107.6 20.7 29.5 1638 -6 -17 19.2 8531 6 19 200.2 10 23 42600 -4 -3 41.4 17 32 47 37285 7Wyeth, USA 1601.46 12 29 56.6 14.7 20.4 2828 n/a 82 25.9 10925 8 21 219.7 12 27 49732 -3 -5 32.2 15 36 n/a 38055 7Bristol-Myers Squibb, USA 1599.49 10 20 65.4 14.3 18.1 2447 -3 -2 21.9 11188 -1 0 260.2 -1 3 43000 0 -3 37.2 10 23 n/a 27248 -4Amgen, USA 1347.86 14 63 47.7 18.6 25.6 2824 45 170 39.0 7240 18 75 438.8 3 23 16500 15 46 81.7 0 14 17 48713 -16Schering-Plough, USA 1086.32 16 28 379.1 19.6 24.6 287 n/a -60 5.2 5538 15 4 169.9 8 -3 32600 7 8 33.3 9 19 62 17817 -5Abbott Laboratories, USA 1060.80 7 11 38.0 8.2 13.6 2793 10 33 21.5 13011 14 22 217.8 15 40 59735 -1 -13 17.8 9 27 n/a 41978 0Boehringer Ingelheim, Germany 934.45 10 15 70.7 14.3 19.8 1321 40 89 20.2 6551 17 28 175.1 10 10 37406 6 16 25.0 4 -1 67 n/l n/lTakeda Pharmaceutical, Japan 698.09 9 27 33.5 12.6 17.4 2084 -3 18 37.6 5542 3 10 381.9 4 12 14510 -1 -3 48.1 10 30 41 34373 27Schering, Germany (now part of Bayer) 679.54 6 7 106.1 18.6 22.6 640 30 47 17.6 3647 8 8 145.7 13 12 25037 -4 -4 27.1 11 11 n/a 12046 70Merck, Germany 489.90 19 21 89.6 12.1 16.7 547 24 32 13.6 4033 0 -16 139.4 0 -4 28927 0 -12 16.9 19 37 54 9342 266Novo Nordisk, Denmark 468.41 17 22 60.5 15.1 26.6 774 22 35 24.9 3110 16 29 147.1 7 6 21146 8 21 22.2 8 0 60 11332 20Biogen Idec, USA 435.50 10 175 353.0 30.9 44.0 123 722 n/a 8.7 1411 10 172 422.5 40 93 3340 -22 38 130.4 41 105 n/a 8534 4Sankyo, Japan(now part of Daiichi Sankyo) 427.14 0 4 133.4 14.7 19.4 320 -17 -16 11.0 2901 -1 4 187.2 -27 -23 15500 35 34 27.6 -26 -24 34 n/l n/lEisai, Japan 386.55 14 34 90.9 14.7 18.8 425 3 36 16.2 2630 7 21 317.1 -1 9 8295 8 11 46.6 5 21 51 8053 29Serono, Switzerland 354.09 -1 38 n/m 23.5 29.4 -74 -124 -131 -4.9 1506 5 43 317.2 9 41 4750 -3 2 74.5 2 36 n/a 4245 -8UCB, Belgium 351.11 42 99 148.5 20.2 23.7 236 -8 -20 13.6 1740 -22 -10 204.2 -22 7 8525 -1 -17 41.2 43 133 n/a 4492 -1ALTANA, Germany 319.47 4 23 69.5 14.2 18.8 460 9 27 20.5 2248 10 23 169.9 -11 -8 13229 24 34 24.1 -16 -8 49 4340 -1Yamanouchi Pharmaceutical(now Astellas Pharma), Japan 290.39 -16 -8 96.9 13.2 15.1 300 -38 -34 13.6 2206 -13 -9 n/a n/a n/a n/a n/a n/a n/a n/a n/a 29 12856 11Daiichi Pharmaceutical, Japan(now part of Daiichi Sankyo) 283.36 -3 14 92.0 17.5 20.8 308 34 31 19.0 1621 2 2 n/a n/a n/a n/a n/a n/a n/a n/a n/a 18 n/l n/lGenzyme, USA 281.04 27 56 78.2 17.6 24.7 359 162 >999 22.6 1593 24 69 199.1 9 25 <strong>800</strong>0 14 37 35.1 11 15 n/a 10553 0Mitsubishi Pharma, Japan(now part of Mitsubishi Chemical) 249.14 0 33 225.7 21.6 26.0 110 8 31 9.6 1156 -1 1 195.4 3 14 5917 -3 -16 42.1 3 54 n/a n/l n/lChiron, USA(now part of Novartis, Switzerland) 245.11 2 15 273.2 21.9 32.3 90 120 -25 8.0 1118 11 39 203.3 9 19 5500 2 19 44.6 0 -4 49 n/l n/lForest Laboratories, USA 239.07 40 82 50.1 14.7 16.7 478 -28 0 29.4 1627 -8 18 322.3 -7 7 5050 -2 12 47.3 42 65 n/a 8741 10Allergan, USA 227.75 13 38 67.9 16.9 20.2 336 7 143 24.8 1351 13 34 267.2 13 39 5055 0 -5 45.1 13 42 n/a 9676 34MedImmune, USA 224.02 18 116 n/m 30.9 38.3 -26 n/m n/m -3.6 725 9 37 327.1 -10 -10 2215 22 51 101.1 -3 49 n/a 3642 -9Teva Pharmaceutical Industries, Israel 214.88 9 79 28.1 7.0 12.9 765 127 123 25.0 3058 9 66 208.1 3 25 14698 7 36 14.6 2 37 84 15750 37Cephalon, USA 206.68 30 116 n/m 29.3 39.0 -129 >-999 -523 -18.2 706 19 94 243.8 -10 9 2895 33 86 71.4 -3 21 n/a 2319 73Applera, USA 192.65 -12 -6 229.2 17.9 23.0 84 23 220 7.8 1075 1 6 218.0 10 20 4930 -8 -12 39.1 -5 6 55 3416 43Millennium Pharmaceuticals, USA 185.64 20 25 n/m 57.1 59.3 -126 n/m n/m -38.8 325 25 51 284.8 61 121 1142 -23 -35 162.6 55 85 n/a 1880 4Schwarz Pharma, Germany 177.91 31 81 n/m 26.1 29.1 -11 n/m -114 -1.6 681 5 -5 166.0 -3 -14 4100 8 11 43.4 21 64 47 2309 52Shire, <strong>UK</strong> 167.26 49 46 n/m 18.0 22.5 -96 -245 n/m -10.3 932 23 33 445.7 12 12 2090 10 18 80.0 35 23 n/a 4226 34Kyowa Hakko Kogyo, Japan 162.25 14 11 150.5 9.3 11.8 108 -29 47 6.2 1744 -2 -2 300.7 1 10 5<strong>800</strong> -3 -12 28.0 17 26 8 1848 2Gilead Sciences, USA 161.77 24 57 25.0 13.7 16.1 646 76 661 54.7 1182 53 180 621.8 33 112 1900 15 43 85.1 8 7 51 16451 46Lundbeck, Denmark 159.72 35 15 81.2 19.1 25.5 197 -16 -2 23.5 835 -7 -1 166.4 -4 -7 5022 -3 5 31.8 38 7 43 3245 -6Ono Pharmaceutical, Japan 151.19 -1 9 50.6 21.1 23.0 299 14 34 41.7 717 4 8 n/a n/a n/a n/a n/a n/a n/a n/a n/a 0 3531 2Shionogi, Japan 145.14 -1 -3 93.8 14.8 17.5 155 491 124 15.7 984 -1 -40 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 3825 44Tanabe Seiyaku, Japan 137.14 13 25 108.4 16.2 19.7 127 -7 34 14.9 849 -1 -7 187.9 n/a n/a 4517 n/a n/a 30.4 n/a n/a n/a 1983 28Elan, Ireland 136.18 26 -19 n/m 54.7 64.7 -282 n/m n/m -113.5 249 -8 -60 135.6 -8 -24 1835 0 -45 74.2 26 43 68 4401 120Human Genome Sciences, USA 122.09 -3 14 n/m >999.9 >999.9 -147 n/m n/m >-999.9 11 399 169 12.7 376 211 880 5 -13 138.7 -7 28 n/a 721 -29Taisho Pharmaceutical, Japan 114.60 -4 -22 42.4 8.3 10.8 270 -16 -5 19.6 1379 -2 1 258.3 0 -5 5339 -3 6 21.5 -1 -27 n/a 3636 1Pierre Fabre, France 106.02 6 12 204.5 10.5 14.1 52 31 25 5.1 1010 3 14 110.6 4 7 9136 0 6 11.6 7 5 n/a n/l n/lProtein Design Labs(now PDL Biopharma), USA 100.21 40 118 n/m 61.5 76.3 -96 n/m n/m -59.1 163 191 341 166.7 97 126 977 48 98 102.6 -5 12 10 1163 -28Ipsen, France 99.23 17 14 89.0 18.3 22.8 112 17 18 20.6 542 1 7 146.5 -2 4 3699 3 3 26.8 14 11 n/a 1651 n/aMerial, <strong>UK</strong> 88.30 7 13 58.6 7.7 13.2 151 5 12 13.1 1152 6 15 192.8 11 20 5974 -4 -4 14.8 12 18 63 n/l n/lCelgene, USA 87.08 6 64 195.0 27.8 34.5 45 79 n/a 14.3 313 42 139 331.3 15 61 944 23 57 92.2 -14 10 n/a 9296 103Dainippon Pharmaceutical(now Dainippon Sumitomo Pharmaceutical), Japan 86.09 10 23 205.9 10.0 12.1 42 -24 -36 4.9 858 2 4 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 2971 166Sepracor, USA 84.17 -10 -32 >999.9 17.6 19.3 1 n/a n/a 0.1 478 116 194 232.2 78 55 2059 21 86 40.9 -25 -68 0 3148 -6Dade Behring, USA 82.42 6 34 69.8 8.5 17.5 118 10 -69 12.2 966 6 21 153.3 1 n/a 6300 5 n/a 13.1 1 n/a 54 2063 8Exelixis, USA 82.21 2 23 n/m 185.8 204.7 -55 n/m n/m -123.7 44 44 60 80.4 35 60 550 6 0 149.5 -4 23 n/a 438 22Hospira, USA 80.87 16 n/a 41.4 5.6 16.1 195 -22 n/a 13.6 1431 -7 n/a 110.1 0 n/a 13000 -7 n/a 6.2 25 n/a n/a 3977 11Ivax, USA(now part of Teva Pharmaceutical Industries, Israel) 79.33 -4 32 51.2 6.0 9.4 155 -2 5 11.8 1317 23 59 n/a n/a n/a n/a n/a n/a n/a n/a n/a 48 n/l n/lMedarex, USA 79.13 11 60 n/m 264.0 282.1 -94 n/m n/m -312.1 30 312 95 65.0 289 54 461 6 16 171.6 5 42 n/a 677 4Actelion, Switzerland 75.78 26 94 112.6 25.8 29.6 67 60 660 23.0 293 41 173 285.3 16 76 1028 21 76 73.7 4 5 52 1644 13Barr Pharmaceuticals, USA 74.78 -24 32 40.1 12.3 17.5 186 67 46 30.5 610 -20 7 330.3 -35 -35 1847 23 65 40.5 -38 -18 n/a 3207 12110 <strong>The</strong> <strong>2006</strong> R&D Scoreboard<strong>The</strong> <strong>2006</strong> R&D Scoreboard 111
Ranking of the <strong>top</strong> <strong>1250</strong> global <strong>companies</strong> <strong>by</strong> R&D <strong>investment</strong> within industry sectors–––––––––––––––––– 2005/06 R&D <strong>investment</strong> –––––––––––––––––– ——–—–– Operating profit ——–—–– ––––––––––––––––– Sales and employees ––––––––––––––––– ————––—–––—— R&D and employees ——–—––——––––—–––––––––– Sales –––––––––– ––––– Sales / employee ––––– ––––––––– Employees ––––––––– ––––– R&D / employee ––––– Sales––––– Growth ––––– operating R&D + ––––– Growth ––––– ––––– Growth ––––– –––––– Growth ––––– ––––– Growth ––––– –––––– Growth ––––– outside –––Market cap –––change change profit sales capex as change change sales change change change change change change change change region changeCompany £m 1 yr % 4 yr % % % % sales £m 1 yr % 4 yr % % £m 1 yr % 4 yr % £000 1 yr % 4 yr % number 1 yr % 4 yr % £000 1 yr % 4 yr % % £m %33 Pharmaceuticals & biotechnology continued<strong>The</strong>ravance, USA 73.54 53 76 n/m >999.9 >999.9 -87 n/m n/m >-999.9 7 35 185 26.0 23 n/a 270 10 n/a 272.4 39 n/a n/a 832 31OSI Pharmaceuticals, USA 73.37 14 51 n/m 72.3 87.6 -96 n/m n/m -94.9 101 307 466 154.9 181 279 655 45 50 112.0 -21 3 n/a 1137 -3Novozymes, Denmark 73.05 -2 8 66.2 12.6 18.3 110 12 20 19.1 579 4 10 143.8 2 1 4023 2 9 18.2 -4 -2 56 2673 n/aWatson Pharmaceuticals, USA 72.96 -2 34 58.4 7.6 12.4 125 -14 -20 13.0 959 0 20 249.4 1 17 3844 0 3 19.0 -2 32 n/a 1466 -31Kos Pharmaceuticals, USA 71.78 11 107 68.2 16.4 18.2 105 55 317 24.1 438 51 185 321.7 17 86 1361 29 66 52.7 -14 31 n/a 1144 -41Pliva, Croatia 70.40 -7 23 615.4 10.4 14.2 11 -87 -91 1.7 675 3 14 110.1 11 30 6137 -8 -13 11.5 1 40 42 1550 n/aAbgenix, USA (now part of Amgen) 69.12 11 31 n/m 646.9 684.1 -120 n/m n/m >-999.9 11 3 -17 24.3 23 -28 440 -16 8 157.1 32 22 n/a n/l n/lValeant Pharmaceuticals, USA 66.26 23 109 n/m 13.7 19.2 -63 n/m n/m -13.0 484 22 12 128.6 39 97 3767 -13 -53 17.6 41 214 n/a 1001 -6CV <strong>The</strong>rapeutics, USA 63.78 5 31 n/m 577.8 625.1 -131 n/m n/m >-999.9 11 -7 73 17.6 -61 -32 627 137 163 101.7 -55 -51 n/a 302 -55Ranbaxy Laboratories, India 63.74 21 123 295.8 9.2 26.4 22 -80 -77 3.1 691 -3 24 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 1854 -31Vertex Pharmaceuticals, USA 63.05 1 -1 n/m 67.3 77.8 -115 n/m n/m -123.1 94 57 29 115.3 42 39 813 10 -5 77.6 -8 0 n/a 2071 119Kyorin Pharmaceutical (now Kyorin), Japan 62.67 54 n/a 382.9 19.2 27.9 16 -68 n/a 5.0 327 2 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 12 531 n/aSanten Pharmaceutical, Japan 62.28 6 7 70.0 13.6 18.9 89 36 40 19.4 457 3 4 198.2 4 6 2308 -1 -2 27.0 8 10 7 1215 0CSL, Australia 62.27 44 59 37.5 5.3 9.1 166 42 115 14.1 1175 61 112 181.5 99 n/a 6474 -19 n/a 9.6 78 n/a n/a 4128 n/aNPS Pharmaceuticals, USA 60.94 -19 14 n/m 815.8 919.9 -90 n/m n/m >-999.9 7 -10 40 21.0 -10 -9 355 0 48 171.7 -19 -23 n/a 100 -56Regeneron Pharmaceuticals, USA 60.07 n/m 46 n/m 155.8 163.3 -55 -294 n/m -141.7 39 -62 -4 65.6 -53 14 588 -19 -11 102.2 n/m 59 n/a 446 n/aMylan Laboratories, USA 59.45 16 22 33.4 8.1 16.4 178 -2 -26 24.3 732 0 1 252.5 4 -10 2900 -3 11 20.5 20 10 n/a 2826 24Invitrogen, USA 57.84 36 99 73.3 8.3 14.3 79 0 270 11.3 698 17 56 145.4 -7 0 4<strong>800</strong> 26 57 12.1 8 30 n/a 1757 -34Neurocrine Biosciences, USA 56.76 11 21 n/m 78.7 84.5 -15 n/m n/m -20.2 72 46 75 122.7 -4 -5 588 53 93 96.5 -27 -38 n/a 196 n/aIncyte, USA 55.70 8 -33 n/m >999.9 >999.9 -58 n/m n/m >-999.9 5 -45 -92 25.8 -42 -77 177 -5 -59 314.7 14 54 n/a 213 -39Cell Genesys, USA 53.82 0 22 n/m >999.9 >999.9 -62 n/m n/m >-999.9 3 -60 -81 10.0 -44 -78 267 -29 -19 201.6 42 53 n/a 122 -21Alexion Pharmaceuticals, USA 52.61 64 75 n/m >999.9 >999.9 -64 n/m n/m >-999.9 0 -87 -90 1.5 -88 -93 222 9 26 237.0 50 42 n/a 629 42Endo Pharmaceuticals, USA 51.44 75 79 28.2 10.8 12.0 182 35 232 38.2 478 33 76 672.9 3 -12 710 29 91 72.4 35 -22 n/a 2555 19Idenix Pharmaceuticals, USA 50.26 8 62 n/m 133.3 143.5 -33 n/m n/m -86.3 38 -32 51 172.9 -61 n/a 218 74 n/a 230.6 -38 n/a n/a 292 n/aKissei Pharmaceutical, Japan 48.82 1 -17 133.0 16.2 19.0 37 -22 -3 12.2 301 5 3 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 591 -8InterMune, USA 48.19 2 -14 n/m 56.3 57.8 -24 n/m n/m -27.8 86 -3 29 443.3 64 80 193 -41 -26 249.7 72 16 n/a 302 6Amylin Pharmaceuticals, USA 45.65 -8 12 n/m 55.8 76.9 -122 n/m n/m -149.0 82 310 321 71.2 114 91 1150 92 171 39.7 -52 -62 n/a 3425 183King Pharmaceuticals, USA 43.11 9 68 42.6 4.2 7.2 101 n/a 20 9.8 1034 36 49 369.9 34 38 2795 1 8 15.4 8 59 n/a 2411 25Biovitrum, Sweden 42.16 8 37 n/m 61.5 76.5 -8 n/m >-999 -12.3 69 19 -14 113.5 14 -16 604 4 2 69.8 3 32 n/a n/l n/lImClone Systems, USA 41.88 24 -22 107.7 18.7 40.7 39 -47 n/a 17.4 223 -1 173 225.5 -14 96 991 14 69 42.3 8 -59 n/a 1648 7Nippon Shinyaku, Japan 41.85 3 14 104.0 15.6 20.0 40 146 80 15.0 268 6 5 147.8 n/a n/a 1811 n/a n/a 23.1 n/a n/a n/a 359 8MGI PHARMA, USA 41.29 13 57 n/m 25.4 26.3 -78 n/m n/m -47.8 163 43 265 283.0 -30 51 575 104 175 71.8 -44 -43 n/a 656 -40Nektar <strong>The</strong>rapeutics, USA 40.81 58 13 n/m 55.5 69.7 -107 n/m n/m -145.6 74 11 29 94.7 -6 12 777 17 15 52.5 35 -2 n/a 578 -1Chr Hansen (now ALK-Abello), Denmark 40.72 -2 3 135.2 10.1 18.2 30 2 21 7.5 404 -2 -3 109.4 -3 -7 3688 1 4 11.0 -4 0 n/a 708 -16Genmab, Denmark 40.69 18 35 n/m 448.4 456.7 -39 n/m n/m -434.4 9 >999 444 42.6 >999 409 213 3 35 191.0 14 -7 n/a 795 188Cell <strong>The</strong>rapeutics, USA 40.06 -32 -6 n/m 427.3 439.9 -79 n/m n/m -841.3 9 -46 -17 43.8 2 33 214 -47 -34 187.2 28 45 29 76 -24Cambridge Antibody, <strong>UK</strong>(now part of AstraZeneca) 39.17 -11 10 n/m 20.2 21.2 -9 n/m n/m -4.8 194 >999 >999 683.0 >999 >999 284 0 5 137.9 -12 7 99 n/l n/lNabi Biopharmaceuticals, USA 38.93 10 112 n/m 61.9 69.9 -76 n/m n/m -120.6 63 -40 -45 81.1 -44 -52 776 7 12 50.2 3 93 15 180 -63Medicis Pharmaceutical, USA 38.26 298 203 66.8 17.4 18.2 57 -6 32 26.1 220 24 62 611.5 10 23 359 13 31 106.6 254 117 n/a 615 n/aICOS, USA 37.92 17 1 n/m 91.2 98.1 -43 n/m n/m -104.0 42 -4 -13 59.4 -8 -30 700 4 19 54.2 13 -17 n/a 896 0Medicines, USA 37.51 31 65 n/m 42.9 45.1 -7 -177 n/m -8.0 87 4 113 318.2 -17 50 275 25 55 136.4 5 6 n/a 615 -3Encysive Pharmaceuticals, USA 36.99 12 132 n/m 453.4 468.2 -45 n/m n/m -555.4 8 2 25 37.1 -46 -40 220 88 108 168.1 -40 13 n/a 146 -64Par Pharmaceutical Companies, USA 36.67 25 142 466.0 14.5 22.6 8 -70 -88 3.1 252 -37 -14 329.5 -46 -41 766 17 50 47.9 7 72 n/a 316 n/aVasogen, Canada 35.61 38 199 n/m n/a n/a -48 n/m n/m n/a 0 n/m n/m 0.0 n/m n/m 172 n/a n/a 207.1 n/a n/a n/a 20 n/aBiovail, Canada 35.23 21 35 20.1 6.5 10.5 175 45 134 32.1 545 6 21 312.5 39 31 1744 -24 -7 20.2 59 46 88 1493 -11CuraGen, USA 35.13 -9 5 n/m 256.3 296.3 -45 n/m n/m -326.2 14 271 71 20.6 153 37 666 47 24 52.7 -38 -25 n/a 102 -29Acambis, <strong>UK</strong> 34.50 19 67 n/m 84.4 97.1 -31 -238 -320 -74.8 41 -52 -52 148.7 -50 -52 275 -5 11 125.5 25 44 96 142 -49Gedeon Richter, Hungary 34.35 19 45 31.2 7.4 25.7 110 8 42 23.5 467 15 32 57.8 n/a n/a 8084 n/a n/a 4.2 n/a n/a 19 2210 30Nuvelo, USA 33.65 45 36 n/m >999.9 >999.9 -42 n/m n/m >-999.9 0 178 -96 3.1 116 -95 103 29 -11 326.7 12 29 35 489 n/adeCODE genetics, Iceland 33.33 22 -15 n/m 156.0 166.9 -40 n/m n/m -188.0 21 -13 -9 44.5 -22 -11 480 12 -2 69.4 9 -13 42 164 n/aSysmex, Japan 32.12 17 43 74.4 8.5 11.6 43 41 124 11.4 380 17 47 121.9 9 4 3115 7 40 10.3 9 0 n/a 1256 37Basilea Pharmaceuticals, Switzerland 32.00 5 23 n/m 237.4 241.3 -22 n/m n/m -166.7 13 >999 >999 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 602 78GPC Biotech, Germany 31.84 68 130 n/m 496.1 496.1 -45 n/m n/m -696.9 6 -26 -44 28.9 -43 -53 222 30 19 143.4 29 89 n/a 245 12QLT, Canada 31.57 39 56 n/m 26.2 29.4 -173 n/m n/m -143.7 121 30 69 275.5 41 47 438 -8 15 72.1 50 33 46 366 n/aZeltia, Spain 31.39 24 11 n/m 63.4 66.6 -28 n/m n/m -56.0 50 -9 4 83.7 -18 -7 592 11 12 53.0 12 0 0 877 7Isis Pharmaceuticals, USA 31.37 -37 -7 n/m 134.2 135.2 -33 n/m n/m -142.5 23 -6 -29 90.6 11 18 258 -15 -40 121.6 -26 40 n/a 281 50Kaken Pharmaceutical, Japan 30.95 -1 13 97.8 8.4 10.2 32 17 17 8.6 370 3 3 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 465 16Recordati, Italy 30.89 20 32 40.9 7.7 9.4 75 28 57 18.8 401 19 23 205.9 10 25 1946 8 -2 15.9 11 34 11 796 -9Dr Reddy's Laboratories, India 29.73 26 99 477.4 12.5 27.1 6 -76 -84 2.6 238 -5 17 39.6 n/a n/a 6000 n/a n/a 5.0 n/a n/a n/a 1373 n/aCubist Pharmaceuticals, USA 28.52 -12 -4 n/m 40.6 42.3 -15 n/m n/m -21.0 70 77 407 190.4 44 262 369 23 52 77.3 -29 -39 n/a 705 33Toyama Chemical, Japan 28.44 12 9 354.0 36.1 38.5 8 n/a n/a 10.2 79 -5 -43 82.4 -10 -13 958 5 -35 29.7 6 57 n/a 762 77Myriad Genetics, USA 28.05 29 96 n/m 58.4 66.6 -25 n/m n/m -51.9 48 45 50 73.1 13 13 657 29 33 42.7 0 46 n/a 580 n/a112 <strong>The</strong> <strong>2006</strong> R&D Scoreboard<strong>The</strong> <strong>2006</strong> R&D Scoreboard 113
Ranking of the <strong>top</strong> <strong>1250</strong> global <strong>companies</strong> <strong>by</strong> R&D <strong>investment</strong> within industry sectors–––––––––––––––––– 2005/06 R&D <strong>investment</strong> –––––––––––––––––– ——–—–– Operating profit ——–—–– ––––––––––––––––– Sales and employees ––––––––––––––––– ————––—–––—— R&D and employees ——–—––——––––—–––––––––– Sales –––––––––– ––––– Sales / employee ––––– ––––––––– Employees ––––––––– ––––– R&D / employee ––––– Sales––––– Growth ––––– operating R&D + ––––– Growth ––––– ––––– Growth ––––– –––––– Growth ––––– ––––– Growth ––––– –––––– Growth ––––– outside –––Market cap –––change change profit sales capex as change change sales change change change change change change change change region changeCompany £m 1 yr % 4 yr % % % % sales £m 1 yr % 4 yr % % £m 1 yr % 4 yr % £000 1 yr % 4 yr % number 1 yr % 4 yr % £000 1 yr % 4 yr % % £m %33 Pharmaceuticals & biotechnology continuedTanox, USA 27.90 76 107 n/m 107.2 128.7 -14 n/m n/m -54.1 26 118 347 143.0 52 201 182 43 50 153.3 23 38 n/a 362 n/aKrka, Slovenia 27.57 15 37 34.1 7.2 21.7 81 61 95 21.3 381 17 40 72.9 5 13 5224 12 24 5.3 3 10 0 1683 92Flamel Technologies, France 27.55 34 141 n/m 200.5 248.4 -21 -513 >-999 -156.3 14 -57 -16 53.1 -63 -40 259 16 51 106.4 16 69 n/a 233 10Antigenics, USA 27.42 15 40 n/m >999.9 >999.9 -43 n/m n/m >-999.9 0 -11 -81 2.1 42 -76 171 -37 -25 160.4 83 89 n/a 47 n/aGen-Probe, USA 26.80 11 -14 50.2 15.0 29.9 53 12 132 30.0 178 13 61 205.8 6 24 866 7 18 30.9 4 -34 n/a 1602 n/aAriad Pharmaceuticals, USA 26.75 66 123 n/m >999.9 >999.9 -33 n/m n/m >-999.9 1 64 231 6.6 9 85 108 50 76 247.6 10 26 n/a 144 n/aTsumura, Japan 26.51 -1 9 52.3 6.3 10.0 51 -2 >999 12.1 419 3 9 151.5 n/a n/a 2763 n/a n/a 9.6 n/a n/a n/a 1111 36Vernalis, <strong>UK</strong> 26.49 24 9 n/m 187.5 192.6 -33 n/m n/m -232.3 14 -7 46 96.8 -17 n/a 146 11 n/a 181.4 11 n/a 59 211 56SkyePharma, <strong>UK</strong> 26.00 -7 31 n/m 42.4 47.6 -39 n/m n/m -63.0 61 -1 6 134.1 -5 6 457 4 1 56.9 -11 30 22 181 -51Biomarin Pharmaceutical, USA 25.49 -12 n/a n/m 170.5 182.0 -37 n/m n/a -250.2 15 38 n/a 47.6 57 n/a 314 -13 n/a 81.2 1 n/a n/a 778 126Suzuken, Japan 25.44 12 18 22.9 0.4 1.0 111 -21 8 1.7 6569 11 29 632.5 1 0 10385 10 29 2.5 2 -9 n/a 2119 47Parexel International, USA 25.28 15 n/a n/m 6.5 11.2 -1 -105 -107 -0.2 391 2 34 76.1 -3 28 5140 5 5 4.9 9 n/a n/a 457 n/aAlkermes, USA 25.15 -34 -27 334.5 25.9 43.1 8 n/a n/a 7.7 97 119 208 127.7 52 101 760 44 54 33.1 -54 -53 n/a 914 10Pharmion, USA 25.01 51 n/a 936.2 19.4 21.8 3 n/a n/a 2.1 129 70 452 392.9 50 n/a 328 13 n/a 76.3 33 n/a n/a 308 n/aSartorius, Germany 24.58 21 33 88.7 7.4 9.3 28 33 122 8.3 333 4 6 91.8 6 9 3623 -2 -3 6.8 24 37 42 393 40Stada Arzneimittel, Germany 23.69 32 24 27.1 3.4 4.8 87 53 72 12.5 702 26 50 180.4 -17 -13 3892 51 73 6.1 -12 -32 6 1369 27Neurochem, Canada 22.99 57 164 n/m >999.9 >999.9 -37 n/m n/m >-999.9 2 >999 455 11.5 >999 n/a 192 16 n/a 119.7 35 n/a n/a 244 n/aQiagen, <strong>The</strong> Netherlands 22.78 14 34 41.4 9.8 13.3 55 14 52 23.7 232 5 23 146.0 -13 16 1589 20 4 14.3 -5 27 n/a 1306 21ProStrakan, <strong>UK</strong> 22.43 119 187 n/m 70.9 75.5 -37 n/m n/m -117.0 32 47 233 106.9 -22 31 296 87 191 75.8 17 -5 0 197 n/aPerrigo, USA 22.38 39 74 n/m 3.8 6.4 -193 -403 -497 -32.3 597 14 24 102.0 -47 -38 5848 116 97 3.8 -36 -14 n/a 879 n/aBerna Biotech, Switzerland 22.23 -4 5 n/m 29.5 37.3 -7 n/m -253 -9.0 75 -17 -29 105.2 3 -20 715 -19 -15 31.1 19 34 n/a 187 4Zambon, Italy 21.30 -3 n/a 113.0 7.2 12.6 19 -38 n/a 6.3 298 -6 n/a 126.6 -3 n/a 2352 -3 n/a 9.1 -1 n/a 13 n/l n/lNyco, Denmark 21.12 20 n/a n/m 6.1 9.4 -25 -170 n/a -7.2 349 -21 n/a 107.3 -27 n/a 3252 8 n/a 6.5 11 n/a n/a n/l n/lUnited <strong>The</strong>rapeutics, USA 21.00 18 15 85.4 31.1 36.4 25 238 n/a 36.4 68 58 185 321.5 28 118 210 24 38 100.0 -5 -18 n/a 741 n/aGeron, USA 20.43 17 21 n/m 569.6 596.3 -22 n/m n/m -612.5 4 485 247 39.9 329 255 90 36 2 227.0 -14 5 n/a 231 n/aNeurogen, USA 20.13 56 23 n/m 457.3 481.9 -24 n/m n/m -536.7 4 -61 -43 25.2 -62 n/a 175 3 n/a 115.0 51 n/a n/a 104 n/aSalix Pharmaceuticals, USA 20.12 70 123 n/m 22.3 23.9 -36 >-999 n/m -39.4 90 47 185 419.7 2 51 215 43 65 93.6 18 34 n/a 281 n/aXoma, Bermuda 20.01 -32 -13 n/m 184.1 210.0 -21 n/m n/m -191.7 11 409 -1 49.9 414 -1 218 -1 0 91.8 -31 -13 n/a 101 2634 Real estate n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/aNo <strong>companies</strong> with sufficient R&D for inclusion n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a35 Software & computer services 16370.69 9.3 16.9 53.3 10.4 14.3 30719 16.2 116.3 19.6 157072 6.8 16.5 165.5 -0.6 6.4 930079 6.4 10.9 17.5 2.4 6.8 n/a 523459 n/aMicrosoft, USA 3835.04 6 15 40.0 14.9 18.4 9595 13 44 37.2 25793 11 29 360.5 -5 1 71553 17 28 53.6 -9 -10 n/a 144035 -15IBM, USA 3132.57 4 12 41.7 5.9 10.1 7520 1 20 14.2 53084 -5 3 161.2 -5 1 329373 0 3 9.5 4 10 62 67661 -11Oracle, USA 1090.40 26 49 39.5 13.0 14.7 2764 19 31 33.0 8376 22 40 149.2 8 9 56133 13 29 19.4 12 16 n/a 45066 13SAP, Germany 748.00 7 14 46.5 12.8 15.6 1607 17 60 27.5 5849 13 16 169.3 2 -1 34550 11 18 21.7 -4 -3 n/a 31037 -1CA, USA 454.92 3 8 482.1 20.5 24.3 94 41 n/a 4.3 2216 8 18 138.5 3 16 16000 5 1 28.4 -2 6 n/a 7244 -21Symantec, USA 397.32 104 188 249.0 16.5 22.9 160 -67 -36 6.6 2413 60 139 150.8 -35 -23 16000 146 220 24.8 -17 -9 51 10370 -32Google, USA 349.20 52 170 29.7 9.8 23.4 1177 218 420 32.9 3576 92 261 629.5 2 n/a 5680 88 n/a 61.5 -19 n/a 39 66292 41Yahoo!, USA 342.22 52 168 26.6 11.2 19.0 1287 81 479 42.0 3062 47 206 312.5 14 69 9<strong>800</strong> 29 99 34.9 18 38 n/a 22091 -22Cadence Design Systems, USA 246.59 9 18 414.7 31.8 37.2 59 10 -10 7.7 774 11 5 154.8 9 8 5000 2 -2 49.3 6 20 52 2631 4Unisys, USA 226.93 -6 -9 n/m 6.8 8.7 -62 n/m -150 -1.8 3354 -1 -1 92.9 0 2 36100 -1 -3 6.3 -5 -6 n/a 1011 -20Adobe Systems, USA 212.80 17 38 50.2 18.6 21.1 424 23 90 37.0 1145 18 47 199.7 -35 -17 5734 82 76 37.1 -36 -22 n/a 10974 43Sega Sammy, Japan 205.25 n/a n/a 46.1 8.1 12.8 445 n/a n/a 17.5 2545 n/a n/a 470.7 n/a n/a 5407 n/a n/a 38.0 n/a n/a n/a 5610 n/aIntuit, USA 196.06 -3 30 63.5 16.5 18.4 309 26 128 26.0 1187 9 33 169.6 4 24 7000 4 8 28.0 -7 21 n/a 6106 24Synopsys, USA 186.39 11 29 n/m 32.3 36.7 -9 -118 -185 -1.6 578 -9 3 121.5 -16 -12 4756 9 17 39.2 2 10 n/a 1504 4Dassault Systemes, France 177.93 17 19 112.8 27.7 30.3 158 0 14 24.6 642 17 22 112.8 -8 -13 5693 28 39 31.3 -9 -15 53 3161 1Autodesk, USA 175.68 26 53 81.4 19.8 21.1 216 55 210 24.3 887 23 54 184.3 -11 13 4813 38 36 36.5 -9 12 n/a 4554 -7Cerner, USA 159.59 19 63 194.2 23.6 32.3 82 24 159 12.2 676 25 53 99.0 -2 10 6830 28 41 23.4 -7 17 n/a 1899 11BMC Software, USA 156.86 -5 -45 209.6 18.0 19.6 75 454 n/a 8.6 873 2 9 140.8 14 17 6200 -10 -7 25.3 6 -41 n/a 2826 9SunGard Data Systems, USA † 142.59 -4 21 56.7 6.3 11.6 252 -45 -26 11.0 2280 13 45 152.0 -2 -2 15000 15 48 9.5 -16 -18 24 n/l n/lMentor Graphics, USA 123.88 5 23 >999.9 30.2 33.8 12 -48 18 2.9 411 -1 9 102.7 -4 -4 4000 4 14 31.0 1 9 n/a 655 77Novell, USA 116.86 1 8 46.9 16.8 19.3 249 762 n/a 35.7 698 3 8 137.7 25 34 5066 -18 -20 23.1 23 35 n/a 1236 -6BEA Systems, USA 106.16 24 35 87.0 15.2 16.9 122 6 80 17.5 699 11 20 180.2 -4 -2 3878 16 23 27.4 8 10 n/a 2523 19McAfee, USA 102.72 2 8 111.6 17.9 20.8 92 -72 -5 16.0 575 8 6 174.8 -3 13 3290 12 -7 31.2 -8 14 41 1931 -31Nintendo, Japan 101.24 30 27 18.6 4.0 4.4 543 -2 -4 21.4 2542 0 1 n/a n/a n/a n/a n/a n/a n/a n/a n/a 73 15574 75Sybase, USA 100.72 11 13 141.8 21.1 23.1 71 34 589 14.9 477 4 -1 128.4 0 4 3715 4 -6 27.1 6 19 n/a 1114 0Business Objects, France 94.68 8 73 123.1 15.1 18.9 77 55 108 12.3 627 16 83 142.0 1 25 4418 15 45 21.4 -6 20 n/a 1218 -34Compuware, USA 92.51 -8 3 102.0 13.2 14.4 91 47 >999 12.9 702 -2 -14 93.5 3 4 7510 -5 -17 12.3 -3 21 34 1510 -19Misys, <strong>UK</strong> 89.70 -1 1 164.9 9.1 9.8 54 44 16 5.5 985 11 3 152.5 12 4 6456 -1 -1 13.9 0 3 44 1320 13Amdocs, <strong>UK</strong> 84.14 14 22 42.7 7.1 10.6 197 14 84 16.6 1187 15 27 91.3 -6 -2 13000 23 30 6.5 -7 -7 76 4178 19Sage, <strong>UK</strong> 81.61 10 36 38.7 10.5 12.5 211 14 39 27.2 777 13 36 89.4 -1 -5 8686 14 43 9.4 -4 -5 49 2965 -2114 <strong>The</strong> <strong>2006</strong> R&D Scoreboard<strong>The</strong> <strong>2006</strong> R&D Scoreboard 115
Ranking of the <strong>top</strong> <strong>1250</strong> global <strong>companies</strong> <strong>by</strong> R&D <strong>investment</strong> within industry sectors–––––––––––––––––– 2005/06 R&D <strong>investment</strong> –––––––––––––––––– ——–—–– Operating profit ——–—–– ––––––––––––––––– Sales and employees ––––––––––––––––– ————––—–––—— R&D and employees ——–—––——––––—–––––––––– Sales –––––––––– ––––– Sales / employee ––––– ––––––––– Employees ––––––––– ––––– R&D / employee ––––– Sales––––– Growth ––––– operating R&D + ––––– Growth ––––– ––––– Growth ––––– –––––– Growth ––––– ––––– Growth ––––– –––––– Growth ––––– outside –––Market cap –––change change profit sales capex as change change sales change change change change change change change change region changeCompany £m 1 yr % 4 yr % % % % sales £m 1 yr % 4 yr % % £m 1 yr % 4 yr % £000 1 yr % 4 yr % number 1 yr % 4 yr % £000 1 yr % 4 yr % % £m %35 Software & computer services continuedDST Systems, USA 76.19 -44 -31 27.9 5.2 10.7 273 24 32 18.6 1465 4 13 139.5 8 22 10500 -5 -7 7.3 -41 -26 7 2301 -6UBIsoft Entertainment, France 70.83 28 73 617.8 19.2 20.8 11 243 31 3.1 370 6 36 136.7 -8 2 2705 15 34 26.2 12 31 45 531 0Parametric Technology, USA 68.89 10 -10 140.1 16.4 18.5 49 152 n/a 11.7 420 9 -4 111.9 -11 -5 3751 23 1 18.4 -11 -11 62 955 -5Citrix Systems, USA 63.31 26 51 53.2 12.0 14.9 119 26 48 22.5 529 23 48 166.9 3 -6 3171 19 57 20.0 5 -5 n/a 3218 38Cognos, Canada 61.71 16 36 66.8 12.8 15.0 92 36 102 19.2 481 21 49 145.8 6 25 3297 14 20 18.7 2 14 42 1620 -15Hyperion Solutions, USA 60.64 8 28 109.8 14.8 18.3 55 38 331 13.5 409 13 31 158.3 8 18 2586 5 11 23.5 3 16 100 1075 4SSA <strong>Global</strong> Technologies, USA(now part of Infor <strong>Global</strong> Solutions) 59.88 8 n/a 149.2 14.4 16.0 40 39 n/a 9.7 415 12 n/a 118.1 n/a n/a 3510 n/a n/a 17.1 n/a n/a n/a n/l n/lIndra Sistemas, Spain 59.02 9 17 61.5 7.1 8.3 96 32 59 11.6 826 11 30 108.9 -4 6 7584 16 22 7.8 -6 -4 12 1589 n/aInfogrames Entertainment, France 58.88 -22 -18 n/m 14.2 14.7 -5 n/m n/m -1.1 414 -14 -20 326.3 2 17 1268 -16 -33 46.4 -8 21 60 56 -70Macromedia, USA(now part of Adobe Systems) 57.32 8 -3 173.2 22.6 39.5 33 17 n/a 13.0 254 18 23 175.8 -1 9 1445 19 10 39.7 -9 -14 46 n/l n/lReynolds and Reynolds, USA 55.92 3 6 251.0 9.9 12.9 22 -75 -76 3.9 564 -1 -3 131.6 1 3 4289 -2 -6 13.0 5 13 n/a 1578 50Verisign, USA 55.53 42 53 39.4 5.7 14.2 141 88 n/a 14.6 968 42 50 237.4 12 11 4076 27 34 13.6 11 14 n/a 2510 -30Openwave Systems, USA 55.33 2 -39 n/m 24.8 28.0 -31 n/m n/m -14.0 223 32 -17 164.6 23 10 1358 7 -20 40.7 -5 -21 55 369 -45Symbian, <strong>UK</strong> 54.48 19 46 769.1 47.5 51.8 7 n/a n/a 6.2 115 73 189 109.6 38 105 1047 25 46 52.0 -5 1 n/a n/l n/lWincor Nixdorf, Germany 53.60 7 23 70.7 4.5 6.3 76 30 86 6.3 1198 11 20 181.8 -6 -14 6590 18 38 8.1 -9 -11 n/a 1263 49Quest Software, USA 51.19 12 33 133.9 18.4 27.1 38 98 >999 13.8 277 22 59 100.4 0 8 2763 22 48 18.5 -8 -11 38 763 0CheckFree, USA 48.08 25 36 128.7 10.9 15.4 37 234 n/a 8.5 441 25 46 144.7 23 37 3050 2 5 15.8 22 29 n/a 1965 -4Fair Isaac, USA 47.35 14 57 41.9 10.2 12.2 113 10 65 24.3 465 13 55 166.4 24 29 2796 -9 21 16.9 25 32 n/a 1319 -11FileNET, USA 44.36 -3 3 161.4 18.1 20.7 27 68 704 11.2 246 6 17 145.0 1 17 1695 5 0 26.2 -8 3 30 850 23Mercury Interactive, USA(now part of Hewlett-Packard) 42.94 32 80 83.0 10.8 15.5 52 94 73 13.0 399 35 74 150.2 18 17 2659 15 49 16.2 15 22 40 n/l n/lTibco Software, USA 42.60 20 1 125.7 16.4 19.8 34 -14 n/a 13.1 260 15 44 172.6 4 2 1505 11 40 28.3 8 -30 n/a 1234 38Eclipsys, USA 41.90 -2 16 n/m 18.8 23.8 -2 n/m n/m -0.7 223 24 50 110.5 22 25 2020 2 19 20.7 -4 -2 1 433 -8Realnetworks, USA 41.20 36 38 17.0 21.8 26.0 242 n/a n/a 127.7 189 22 55 202.9 7 27 933 14 22 44.2 19 13 n/a 965 86Intergraph, USA 40.81 1 6 40.4 12.1 13.5 101 -24 -7 30.1 336 5 9 97.4 6 20 3450 -1 -10 11.8 3 16 51 606 -9TietoEnator, Finland 40.06 33 n/a 34.5 3.5 7.7 116 14 40 10.1 1155 10 27 81.2 -3 3 14236 14 24 2.8 17 n/a n/a 980 n/aCGI, Canada 39.00 2 142 22.3 2.1 2.8 175 -1 33 9.5 1838 14 52 73.5 14 11 25000 0 37 1.6 2 98 8 1080 n/aIDX Systems, USA(now part of General Electric) 38.88 20 32 152.4 12.8 17.5 26 45 856 8.4 303 30 32 125.9 11 89 2409 18 -38 16.1 2 84 18 n/l n/lWind River Systems, USA 38.18 8 -7 287.7 24.6 27.3 13 125 n/a 8.6 155 13 2 132.5 7 19 1171 5 -15 32.6 3 8 45 420 -46Open Text, Canada 37.94 49 115 226.6 15.7 20.0 17 -6 39 6.9 242 43 116 107.8 34 28 2241 6 67 16.9 40 27 58 394 16Progress Software, USA 36.74 4 29 98.9 15.6 18.3 37 38 94 15.7 236 12 34 148.2 9 19 1593 3 13 23.1 1 15 57 545 -20RSA Security, USA 36.42 1 9 176.5 20.2 24.1 21 -25 n/a 11.4 181 1 15 140.9 -10 -2 1282 12 16 28.4 -10 -6 n/a 1220 132Lawson Software, USA 36.21 -4 2 >999.9 18.5 19.7 2 -69 -61 1.1 195 -8 -12 139.5 4 9 1400 -11 -19 25.9 8 20 n/a 405 22Cae, Canada 35.41 -14 -19 69.6 6.4 18.2 51 n/a 141 9.2 552 12 2 110.4 12 18 5000 0 -14 7.1 -14 -6 55 1147 16Borland Software, USA 33.60 -15 0 n/m 20.8 23.4 -20 -285 -665 -12.5 161 -11 3 127.0 -4 11 1269 -7 -7 26.5 -9 7 n/a 252 -7Intentia International, Sweden 32.86 -3 -6 532.6 15.1 15.4 6 n/a n/a 2.8 218 0 -11 99.7 21 26 2189 -17 -30 15.0 16 32 n/a 279 23Aspen Technology, USA 32.49 -16 -23 n/m 20.7 22.6 -40 n/m n/m -25.3 157 -17 -16 119.0 -3 17 1319 -15 -29 24.6 -1 7 n/a 355 160SPSS, USA 31.71 -4 20 194.3 23.1 26.3 16 339 n/a 11.9 138 5 15 121.8 9 28 1129 -3 -11 28.1 -1 32 n/a 255 13Kronos, USA 29.91 29 61 68.3 9.9 14.7 44 8 55 14.5 302 15 40 104.2 -1 11 2900 16 27 10.3 11 27 n/a 546 n/aSoftware, Germany 29.68 -12 -27 44.8 9.9 11.7 66 15 97 22.0 301 6 -8 110.8 -2 1 2717 8 -9 10.9 -19 -20 n/a 855 15NetIQ, USA (now part of Attachmate) 29.45 -26 -14 n/m 23.7 27.5 -12 n/m n/m -10.1 124 -19 -16 123.5 7 6 1006 -24 -20 29.3 -2 8 37 n/l n/lCheck Point Software Technologies, Israel 29.44 26 54 15.8 8.7 9.6 187 25 16 55.3 337 12 22 238.7 7 5 1414 5 16 20.8 20 33 n/a 2379 n/aNihon Unisys, Japan 29.04 -15 -21 68.2 1.9 3.7 43 n/a 385 2.8 1524 0 0 175.7 0 3 8675 -1 -3 3.3 -14 -19 n/a 1048 71Msc Software, USA 27.53 12 18 153.2 15.5 16.3 18 39 568 10.1 178 10 10 132.2 12 n/a 1343 -2 n/a 20.5 15 n/a 71 410 n/aAriba, USA 27.50 -13 -28 n/m 14.6 16.4 -203 n/m n/m -107.9 188 31 15 124.9 47 -19 1506 -11 34 18.3 -2 -51 28 336 45DoubleClick, USA 27.06 19 5 148.9 15.4 24.1 18 203 n/a 10.3 176 11 -19 114.0 -12 -24 1541 26 8 17.6 -6 -6 n/a n/l n/lMagma Design Automation, USA 26.76 10 75 n/m 28.0 32.0 -12 n/m -765 -12.4 96 12 72 149.5 2 7 639 10 62 41.9 0 5 n/a 141 n/aWebex Communications, USA 26.63 33 80 57.2 14.8 20.6 47 18 221 25.9 180 24 87 85.9 8 -12 2091 15 99 12.7 16 -23 9 909 n/aS1, USA 26.60 -8 -4 n/m 19.2 22.1 -17 -569 n/m -12.2 139 -1 -7 93.5 11 -11 1484 -11 3 17.9 3 -7 n/a 174 -5Internet Security Systems, USA 26.32 5 16 81.8 13.7 15.9 32 41 217 16.7 192 14 32 153.4 9 25 1252 4 5 21.0 1 10 n/a 615 5Retalix, Israel 26.03 31 113 220.4 23.8 25.5 12 164 164 10.8 109 51 135 81.3 3 n/a 1343 46 n/a 19.4 -10 n/a n/a 224 n/aAspect Communications(now Aspect Software), USA 25.90 -10 -43 65.4 12.0 16.5 40 42 n/a 18.4 216 2 -18 172.1 5 15 1254 -3 -31 20.7 -7 -17 40 n/l n/lJDA Software, USA 25.83 -16 0 985.3 20.6 22.8 3 n/a -33 2.1 126 0 1 119.2 9 21 1055 -9 -17 24.5 -8 18 n/a 266 13LogicaCMG, <strong>UK</strong> 25.50 -32 -58 23.7 1.4 3.1 108 41 n/a 5.9 1836 10 3 89.2 5 11 20579 5 -8 1.2 -35 -53 n/a 1932 43IBS, Sweden 24.81 8 14 450.1 14.3 15.7 6 94 n/a 3.2 174 0 -4 92.8 3 6 1874 -2 -10 13.2 11 25 n/a 151 18Informatica, USA 24.81 -17 -11 145.2 15.9 19.6 17 n/a n/a 11.0 156 22 31 154.2 1 6 1010 21 24 24.6 -31 -28 n/a 666 18Macdonald Dettwiler & Associates, Canada 24.45 13 95 44.9 5.9 8.2 54 18 59 13.1 415 11 37 153.8 n/a n/a 2700 n/a n/a 9.1 n/a n/a 32 898 n/aAltiris, USA 23.90 30 99 749.8 21.9 22.5 3 -78 -28 2.9 109 13 107 124.5 -4 20 878 17 48 27.2 11 15 n/a 345 n/aRed Hat, USA 23.81 26 55 46.3 14.7 20.7 51 72 349 31.7 162 42 122 147.4 21 46 1100 17 56 21.6 8 -2 n/a 2530 n/a116 <strong>The</strong> <strong>2006</strong> R&D Scoreboard<strong>The</strong> <strong>2006</strong> R&D Scoreboard 117
Ranking of the <strong>top</strong> <strong>1250</strong> global <strong>companies</strong> <strong>by</strong> R&D <strong>investment</strong> within industry sectors–––––––––––––––––– 2005/06 R&D <strong>investment</strong> –––––––––––––––––– ——–—–– Operating profit ——–—–– ––––––––––––––––– Sales and employees ––––––––––––––––– ————––—–––—— R&D and employees ——–—––——––––—–––––––––– Sales –––––––––– ––––– Sales / employee ––––– ––––––––– Employees ––––––––– ––––– R&D / employee ––––– Sales––––– Growth ––––– operating R&D + ––––– Growth ––––– ––––– Growth ––––– –––––– Growth ––––– ––––– Growth ––––– –––––– Growth ––––– outside –––Market cap –––change change profit sales capex as change change sales change change change change change change change change region changeCompany £m 1 yr % 4 yr % % % % sales £m 1 yr % 4 yr % % £m 1 yr % 4 yr % £000 1 yr % 4 yr % number 1 yr % 4 yr % £000 1 yr % 4 yr % % £m %35 Software & computer services continuedSonic Solutions, USA 23.63 28 139 164.8 27.3 28.5 14 180 389 16.6 87 64 198 136.0 55 41 637 6 130 37.1 21 13 23 211 n/aPortal Software, USA (now part of Oracle) 23.45 33 -12 n/m 43.0 47.7 -51 n/m n/m -92.7 55 -26 -44 95.9 -21 -17 569 -7 -35 41.2 42 26 n/a n/l n/lTrizetto, USA 23.45 3 40 179.8 13.8 16.2 13 116 n/a 7.7 170 6 12 113.5 -1 28 1500 7 -15 15.6 -4 56 0 315 n/awebMethods, USA 23.41 -10 -19 327.9 19.3 21.7 7 n/a n/a 5.9 122 4 6 147.3 5 10 826 -1 -4 28.3 -9 -16 37 229 16Formula Systems (1985), Israel 23.37 60 89 199.2 7.9 9.1 12 4 128 4.0 295 11 38 49.6 -1 -8 5950 12 49 3.9 43 26 n/a 83 n/aUnited Online, USA 23.30 46 56 46.2 7.6 11.7 50 9 436 16.5 306 17 121 339.8 -4 32 900 21 81 25.9 20 -20 n/a 409 n/aHummingbird, Canada 23.13 5 11 n/m 19.7 20.8 -6 -168 -331 -4.7 118 -8 1 78.5 n/a n/a 1500 n/a n/a 15.4 n/a n/a 49 288 n/aTransaction Systems Architects, USA 23.12 4 4 61.8 12.7 13.9 37 17 204 20.5 182 7 9 109.0 -2 5 1674 10 3 13.8 -5 1 61 785 n/aScansoft (now Nuance Communications), USA 22.83 48 88 >999.9 16.9 18.8 1 n/a n/a 0.8 135 78 161 121.7 33 21 1112 34 112 20.5 11 -16 n/a 892 n/aSeeBeyond Technology, USA(now part of Sun Microsystems) 22.79 -4 25 n/m 23.9 25.1 0 n/m n/m 0.0 95 19 11 117.2 -2 0 814 21 10 28.0 -21 12 n/a n/l n/lIndustrial and Financial Systems, Sweden 22.54 20 28 338.5 14.3 15.0 7 n/a n/a 4.2 157 -1 -17 64.1 7 3 2453 -8 -19 9.2 31 56 n/a 164 15I2 Technologies, USA 21.75 -47 -76 69.4 10.5 11.4 31 323 366 15.2 206 -9 -49 165.1 49 20 <strong>1250</strong> -39 -58 17.4 -14 -39 47 173 -37Verint Systems, USA 21.06 30 65 203.1 14.5 17.4 10 -4 263 7.1 146 30 60 121.3 3 n/a 1200 26 n/a 17.6 3 n/a n/a 521 n/aD-Link, Taiwan 20.75 -7 27 52.4 3.2 5.0 40 -1 88 6.1 645 12 53 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 372 n/aJack Henry & Associates, USA 20.68 26 96 29.8 6.6 17.5 69 21 36 22.2 312 15 33 104.4 n/a n/a 2989 n/a n/a 6.9 n/a n/a n/a 984 n/aMicromuse, USA (now part of IBM) 20.45 12 10 n/m 21.8 25.5 -4 -429 -652 -4.5 94 10 3 142.7 -11 -1 656 23 5 31.2 -9 4 52 n/l n/lMacrovision, USA 20.02 20 99 94.0 16.9 21.2 21 -31 7 18.0 118 12 59 171.1 -2 -18 692 14 87 28.9 5 8 43 601 n/aSeaChange International, USA 20.02 17 31 n/m 27.2 37.9 -10 -242 >-999 -13.7 74 -20 -9 109.6 -36 -37 671 26 45 29.8 -8 -10 n/a 114 n/aManhattan Associates, USA 19.89 18 42 117.1 13.9 17.3 17 -10 -8 11.8 144 15 33 89.7 0 -13 1600 14 50 12.4 4 -7 n/a 337 n/aCSG Systems International, USA 19.77 -43 -45 56.7 6.2 8.5 35 -29 -28 10.9 320 4 2 207.9 72 61 1540 -40 -37 12.8 -5 -13 n/a 735 34Gameloft, France 19.58 n/a n/a n/m 60.8 66.2 -1 -413 n/m -2.2 32 102 355 18.0 -18 -48 1784 147 587 11.0 n/a n/a 43 198 -19Advent Software, USA 19.44 3 -1 335.5 19.8 23.6 6 n/a n/a 5.9 98 12 9 133.5 15 23 736 -2 -12 26.4 6 11 11 568 n/aVignette, USA 19.35 -36 -38 >999.9 17.4 19.6 1 n/a n/a 1.2 111 23 0 150.5 22 33 738 1 -25 26.2 -37 -19 n/a 225 -1336 Support services 892.73 9.1 4.8 24.1 3.0 6.3 3707 22.9 130.7 12.5 29771 11.9 26.6 78.4 0.6 0.1 379924 10.9 31.8 2.4 -6.4 -19.3 n/a 49026 n/aAutomatic Data Processing, USA 363.53 7 21 38.6 7.3 9.7 941 12 14 19.0 4951 10 24 112.5 5 15 44000 5 7 8.3 3 13 n/a 15329 1Accenture, Bermuda 141.80 -10 -5 11.5 1.4 3.3 1236 21 64 12.4 9957 13 28 81.0 -8 -14 123000 23 49 1.2 -27 -37 n/a 9765 17Certegy(now Fidelity National Information), USA 66.11 53 n/a 58.4 9.7 15.1 113 10 22 16.5 684 13 17 35.4 n/a n/a 19323 n/a n/a 3.4 n/a n/a 22 4018 n/aNSK, Japan 48.39 12 14 26.0 1.7 7.5 186 59 221 6.5 2867 11 13 138.3 6 16 20737 5 -3 2.3 7 18 30 2502 48Giesecke & Devrient, Germany 46.46 8 -10 82.8 5.5 9.8 56 24 43 6.6 848 7 12 114.3 5 3 7425 1 9 6.3 7 -18 n/a n/l n/lSerco, <strong>UK</strong> 45.30 18 n/a 46.7 2.0 3.2 97 40 80 4.3 2260 38 82 60.7 13 25 37253 23 47 1.2 -4 n/a n/a 1697 45Convergys, USA 44.79 -1 -23 32.8 3.0 8.1 137 28 -5 9.1 1504 4 10 22.9 5 -10 65700 -1 21 0.7 0 -39 n/a 1556 35Emdeon, USA 34.07 8 30 78.3 4.6 9.5 44 67 n/a 5.8 744 10 36 121.9 7 21 6100 3 13 5.6 5 14 n/a 1921 -9Voca, <strong>UK</strong> 29.25 257 77 775.3 32.8 34.8 4 n/a n/a 4.2 89 15 35 223.3 13 38 399 2 -3 73.3 251 86 0 n/l n/lFiserv, USA 29.12 5 10 6.7 1.2 5.3 437 14 51 18.5 2365 9 45 107.5 9 35 22000 0 8 1.3 5 2 n/a 4411 -14Secom, Japan 22.06 9 -8 5.8 0.8 8.8 380 65 26 14.0 2726 5 13 100.1 n/a n/a 27222 n/a n/a 0.8 n/a n/a 0 6571 n/aAcxiom, USA 21.85 5 -4 28.8 2.8 3.3 76 5 118 9.8 776 9 31 114.7 6 9 6765 3 21 3.2 3 -21 n/a 1256 n/a37 Technology hardware & equipment 47888.19 7.2 -0.6 97.9 8.2 13.8 48903 13.0 707.7 8.4 581659 10.2 17.0 185.0 5.9 12.3 2921414 -0.1 -5.7 15.9 5.0 1.1 n/a 907303 -4.8Intel, USA 2996.86 8 21 42.7 13.3 28.2 7020 19 109 31.0 22615 13 32 226.4 -3 8 99900 18 22 30.0 -8 -1 85 58324 -38Nokia, Finland 2733.27 4 8 87.9 11.6 13.4 3109 5 4 13.2 23493 17 14 412.9 10 8 56896 6 6 48.0 -2 2 n/a 43545 9Motorola, USA 2143.52 20 -1 77.3 10.0 11.6 2774 49 >999 12.9 21460 18 28 311.0 16 63 69000 1 -24 31.1 19 29 n/a 33308 9Hewlett-Packard, USA 2032.85 0 6 104.1 4.0 6.3 1954 -19 114 3.9 50499 8 36 336.7 9 18 150000 -1 15 13.6 0 -10 65 52954 31Hitachi, Japan 1999.13 4 4 171.5 4.3 8.3 1166 1 49 2.5 46710 5 12 131.3 2 5 355879 2 7 5.6 2 -2 n/a 12012 -3Cisco Systems, USA 1935.00 4 -3 44.4 13.4 16.2 4359 20 185 30.2 14446 13 21 376.1 0 12 38413 13 8 50.4 -8 -10 100 62477 -6Ericsson, Sweden 1875.74 16 -19 77.4 16.9 19.1 2424 15 n/a 21.8 11112 15 -3 205.0 10 24 54195 5 -22 34.6 11 4 n/a 29102 -15Toshiba, Japan 1717.48 3 5 280.2 6.0 10.6 613 3 965 2.1 28802 5 3 174.6 2 8 165000 2 -5 10.4 1 10 24 11855 59NEC, Japan 1358.88 7 -11 212.1 5.7 11.1 641 7 n/a 2.7 23961 -1 -3 162.2 -4 -5 147753 3 2 9.2 4 -12 n/a 6436 5Alcatel, France 1231.28 15 -17 184.0 13.6 15.6 669 438 n/a 7.4 9025 7 -21 156.4 3 1 57699 4 -21 21.3 11 6 52 8608 -2Fujitsu, Japan 1185.53 -4 -26 100.7 5.0 8.2 1178 504 n/a 5.0 23505 0 -4 155.7 3 6 150970 -3 -10 7.9 -1 -17 n/a 9197 30Texas Instruments, USA 1173.70 2 16 71.2 15.0 25.0 1650 23 344 21.1 7801 6 37 221.6 7 36 35207 -1 1 33.3 3 15 84 27013 -10Nortel Networks, Canada 1081.08 -5 -21 n/m 17.6 20.1 -1432 n/m n/m -23.4 6129 25 -10 173.3 21 11 35370 4 -19 30.6 -9 -3 45 5007 -40Sun Microsystems, USA 1039.73 -7 -6 n/m 16.1 18.4 -185 -192 n/m -2.9 6448 -1 -17 208.0 4 2 31000 -5 -18 33.5 -3 13 n/a 8862 17STMicroelectronics, <strong>The</strong> Netherlands 905.17 7 37 >999.9 17.5 33.7 69 -83 -75 1.3 5170 1 24 103.4 0 11 50000 1 12 18.1 6 23 n/a 8071 -9Infineon Technologies, Germany 854.06 9 17 n/m 18.4 39.1 -271 -606 n/m -5.8 4644 -6 46 128.4 -11 29 36158 6 13 23.6 2 3 62 4397 10Lucent Technologies, USA 820.71 11 -34 112.4 14.9 17.3 730 -8 n/a 13.3 5499 4 -26 180.3 9 16 30500 -4 -36 26.9 16 4 37 5429 -29Freescale Semiconductor, USA 696.06 24 n/a 205.7 20.5 28.9 338 118 n/a 9.9 3403 2 n/a 149.9 0 n/a 22700 2 n/a 30.7 21 n/a n/a 11155 18EMC, USA 682.62 16 27 78.8 12.1 18.3 867 44 >999 15.4 5629 17 43 212.4 1 9 26500 17 32 25.8 -1 -4 43 13429 -28Advanced Micro Devices, USA 666.37 22 41 >999.9 19.6 45.4 59 -47 n/a 1.7 3406 17 60 345.4 89 136 9860 -38 -32 67.6 97 105 79 5767 20Mitsubishi Electric, Japan 644.24 4 -24 123.4 3.8 7.5 522 17 125 3.1 16832 3 -7 172.4 4 5 97661 -1 -12 6.6 6 -13 n/a 9877 52Qualcomm, USA 588.89 40 92 42.9 17.8 28.0 1373 15 200 41.6 3304 16 56 355.3 -5 24 9300 22 26 63.3 15 53 82 33542 -13118 <strong>The</strong> <strong>2006</strong> R&D Scoreboard<strong>The</strong> <strong>2006</strong> R&D Scoreboard 119
Ranking of the <strong>top</strong> <strong>1250</strong> global <strong>companies</strong> <strong>by</strong> R&D <strong>investment</strong> within industry sectors–––––––––––––––––– 2005/06 R&D <strong>investment</strong> –––––––––––––––––– ——–—–– Operating profit ——–—–– ––––––––––––––––– Sales and employees ––––––––––––––––– ————––—–––—— R&D and employees ——–—––——––––—–––––––––– Sales –––––––––– ––––– Sales / employee ––––– ––––––––– Employees ––––––––– ––––– R&D / employee ––––– Sales––––– Growth ––––– operating R&D + ––––– Growth ––––– ––––– Growth ––––– –––––– Growth ––––– ––––– Growth ––––– –––––– Growth ––––– outside –––Market cap –––change change profit sales capex as change change sales change change change change change change change change region changeCompany £m 1 yr % 4 yr % % % % sales £m 1 yr % 4 yr % % £m 1 yr % 4 yr % £000 1 yr % 4 yr % number 1 yr % 4 yr % £000 1 yr % 4 yr % % £m %37 Technology hardware & equipment continuedApplied Materials, USA 547.83 -5 -10 65.0 13.5 16.3 843 -18 149 20.7 4073 -13 12 323.8 -15 26 12576 3 -13 43.6 -8 2 79 14292 -14Ricoh, Japan 544.77 0 20 71.3 5.8 11.1 764 11 24 8.1 9451 6 9 124.1 4 7 76150 1 3 7.2 -1 17 n/a 8604 30Xerox, USA 439.77 -1 -15 78.0 4.9 6.1 564 5 179 6.3 8956 -2 -4 162.3 3 14 55200 -5 -17 8.0 5 2 n/a 7692 -1Broadcom, USA 378.98 18 10 191.2 24.4 25.9 198 22 n/a 12.7 1556 11 76 362.9 -12 19 4287 27 51 88.4 -8 -29 n/a 7639 11Micron Technology, USA 351.64 -20 -2 298.9 12.4 34.2 118 -25 n/a 4.1 2843 11 39 151.2 6 32 18<strong>800</strong> 5 5 18.7 -24 -7 66 6717 68Apple Computer, USA 311.04 9 16 32.7 3.8 5.7 951 408 >999 11.7 8115 68 118 548.3 33 57 14<strong>800</strong> 27 40 21.0 -14 -17 n/a 30004 35Analog Devices, USA 289.55 -3 7 96.3 20.8 24.4 301 -26 27 21.6 1391 -9 10 158.1 -8 10 8<strong>800</strong> -1 1 32.9 -2 7 n/a 6799 -15Dell, USA 269.69 0 29 10.8 0.8 2.1 2501 1 38 7.7 32565 14 42 499.5 -4 -5 65200 18 49 4.1 -15 -14 n/a 29242 -43Agere Systems, USA 269.11 -7 -16 n/m 27.6 35.4 -72 n/m n/m -7.4 976 -12 -15 157.5 -7 6 6200 -6 -23 43.4 -1 7 83 1457 22Kyocera, Japan 268.46 17 28 54.5 4.6 9.6 492 -12 -12 8.5 5827 3 4 n/a n/a n/a n/a n/a n/a n/a n/a n/a 36 9081 13Corning, USA 258.04 25 -2 35.7 9.7 43.6 723 n/a n/a 27.1 2667 19 12 102.6 13 10 26000 5 4 9.9 19 -5 n/a 16781 1Taiwan Semiconductor Manufacturing, Taiwan 248.59 12 18 15.0 5.2 34.5 1660 2 103 34.4 4821 4 42 245.4 -2 16 19642 6 24 12.7 6 -6 n/a 25137 4LSI Logic, USA 231.43 -6 -12 >999.9 20.7 23.2 7 n/a n/a 0.6 1118 13 10 258.7 15 31 4322 -2 -18 53.5 -4 6 n/a 1911 -7Avaya, USA 229.50 13 -8 136.3 8.0 11.0 168 -12 >999 5.9 2855 20 -3 149.5 -6 -6 19100 28 4 12.0 -12 -11 41 2499 -7ASML, <strong>The</strong> Netherlands 226.06 -1 -1 64.5 13.0 16.1 350 35 n/a 20.2 1738 3 30 343.7 2 46 5055 0 -15 44.7 -1 15 91 5137 11Tokyo Electron, Japan 216.60 -1 -13 78.6 6.9 8.3 276 200 180 8.8 3137 20 19 353.9 20 32 8864 0 -10 24.4 -1 -3 n/a 6707 11Juniper Networks, USA 207.02 49 94 79.5 17.2 22.0 260 128 >999 21.7 1202 54 138 290.0 10 0 4145 41 128 49.9 6 -19 n/a 4350 -44Nvidia, USA 205.09 5 43 103.7 14.8 18.2 198 199 129 14.3 1384 18 34 505.6 -9 -22 2737 30 67 74.9 -19 -13 86 4994 69Tellabs, USA 200.37 37 6 186.1 18.3 21.5 108 n/a n/a 9.8 1097 53 32 304.0 75 81 3609 -13 -27 55.5 57 41 26 2406 -1Kla-Tencor, USA 198.20 21 14 58.5 16.3 19.2 339 99 181 27.9 1215 39 27 220.8 32 29 5500 6 -1 36.0 15 15 76 4926 -11Lexmark, USA 195.95 8 25 63.8 6.4 10.3 307 -28 -2 10.1 3041 -2 12 223.6 -3 3 13600 1 9 14.4 6 15 55 3281 -23National Semiconductor, USA 193.97 -6 -20 84.5 17.4 22.5 229 23 297 20.6 1114 -4 5 131.1 10 24 8500 -12 -15 22.8 8 -6 n/a 4711 -1Maxim Integrated Products, USA 191.15 7 16 42.0 19.6 27.6 455 29 70 46.7 974 16 29 122.0 11 6 7980 5 22 24.0 2 -5 74 5507 -32Hynix Semiconductor, South Korea 190.92 -16 -14 23.1 5.6 51.8 826 -1 n/a 24.1 3433 2 43 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 9320 64ATI Technologies, Canada 190.48 21 64 >999.9 14.7 16.9 14 -90 -47 1.1 1295 11 63 392.3 -9 14 3300 22 46 57.7 -1 14 88 3007 73Xilinx, USA 189.96 6 33 79.4 18.9 22.8 239 11 163 23.8 1006 10 34 305.2 2 13 3295 8 19 57.7 -2 12 59 4060 -26Marconi (now Telent), <strong>UK</strong> 186.00 -6 -59 n/m 13.9 16.5 -99 n/m n/m -7.4 1337 -14 -63 121.5 17 15 11000 -27 -67 16.9 29 22 n/a 302 -50NCR, USA 185.81 -2 5 82.9 5.3 6.5 224 56 479 6.4 3511 1 4 124.5 2 10 28200 -1 -5 6.6 -1 10 56 3444 -11Marvell Technology, Bermuda 182.24 18 48 87.0 18.7 24.6 210 122 629 21.5 973 36 97 389.2 5 31 2500 30 54 72.9 -10 -3 0 6252 -14Maxtor, USA(now part of Seagate Technology, Cayman Islands) 170.99 -9 -22 n/m 7.5 11.7 -11 n/m n/m -0.5 2266 2 1 150.2 -7 -19 15085 10 22 11.3 -18 -38 69 n/l n/lUnited Microelectronics, Taiwan 170.86 31 30 n/m 9.6 28.9 -102 -130 -167 -5.8 1779 -22 10 147.4 -32 -14 12068 13 29 14.2 15 0 n/a 13111 61Nikon, Japan 165.63 11 25 110.5 5.3 8.2 150 n/a 783 4.8 3151 26 31 188.0 3 8 16758 23 22 9.9 -9 2 47 3802 45Murata Manufacturing, Japan 162.10 -4 3 46.7 7.7 19.1 347 -7 -21 16.6 2095 2 -5 80.8 5 -1 25924 -2 -4 6.3 -2 7 n/a 8639 31Atmel, USA 161.12 12 9 n/m 16.5 26.6 -36 -234 n/m -3.7 976 2 19 120.8 11 20 8080 -8 0 19.9 22 9 86 1389 128Rohm, Japan 159.62 3 23 48.1 8.8 30.1 332 -36 -33 18.2 1821 4 3 92.0 -3 -16 19803 7 21 8.1 -3 2 9 5988 -5Conexant Systems, USA 156.10 12 -11 n/m 37.1 40.1 -85 n/m n/m -20.3 421 -20 -9 175.4 -20 1 2400 0 -27 65.0 12 9 90 479 1UTStarcom, USA 147.45 13 91 n/m 8.6 10.8 -225 -703 -388 -13.2 1706 8 87 270.8 41 41 6300 -23 11 23.4 47 46 55 491 -13Novellus Systems, USA 144.06 -2 2 181.9 18.5 21.8 79 -37 119 10.1 781 -1 20 219.9 -2 10 3550 1 10 40.6 -3 -8 n/a 1883 -14Network Appliance, USA 141.54 42 83 78.4 11.8 18.2 181 23 158 15.0 1204 29 85 241.9 -1 6 4976 31 77 28.4 8 2 46 6558 32ZTE, China 141.44 -13 n/a 119.2 9.1 13.6 119 -2 n/a 7.6 1557 2 n/a 50.5 -16 n/a 30811 21 n/a 4.6 -28 n/a 0 1704 -86Comverse Technology, USA 140.29 7 -7 529.5 25.1 29.9 26 n/a 74 4.7 559 25 -4 110.7 16 3 5050 8 -6 27.8 -1 -2 n/a 2280 -24Western Digital, USA 138.92 19 65 121.1 6.6 13.0 115 27 149 5.4 2120 19 47 91.5 -10 -29 23161 33 100 6.0 -11 -20 65 2205 22Benq, Taiwan 136.66 70 161 n/m 4.4 8.1 -121 -193 -205 -3.9 3135 1 50 158.6 -26 -53 19765 37 124 6.9 24 -14 n/a 831 -47Oce, <strong>The</strong> Netherlands 132.41 -7 -7 175.0 7.2 15.0 76 0 -26 4.1 1840 1 -9 84.9 1 -7 21657 0 -3 6.1 -6 -4 n/a 759 3Cypress Semiconductor, USA 132.08 -13 -15 n/m 25.6 42.1 -55 >-999 n/m -10.6 516 -7 5 101.2 -18 -14 5100 13 22 25.9 -24 -30 n/a 1249 7Teradyne, USA 129.90 -15 -19 219.3 20.7 31.3 59 -46 n/a 9.5 626 -40 -26 156.6 -7 26 4000 -35 -43 32.5 32 40 78 1520 -11Advantest, Japan 129.70 21 5 >999.9 11.0 14.6 5 -96 -93 0.4 1182 37 49 331.5 37 71 3565 1 -11 36.4 21 18 n/a 5510 18MediaTek, Taiwan 128.21 98 186 39.8 13.7 20.4 322 28 45 34.4 936 30 71 799.7 0 -19 1171 31 106 109.5 52 45 n/a 4602 n/aNidec, Japan 127.91 196 265 47.1 5.3 13.0 272 166 309 11.3 2398 75 104 34.2 70 11 70169 3 66 1.8 187 98 n/a 5761 19Altera, USA 122.18 16 18 65.1 18.7 21.0 188 2 131 28.7 655 11 32 277.2 1 13 2361 9 18 51.8 7 0 76 3648 -23Storage Technology, USA(now part of Sun Microsystems) 114.58 -4 -15 88.6 8.8 11.3 129 15 100 10.0 1295 2 7 182.5 2 11 7100 0 -4 16.1 -4 -11 n/a n/l n/lSanDisk, USA 113.47 56 135 33.5 8.4 14.3 339 40 872 25.2 1343 30 145 1240.3 5 70 1083 24 55 104.8 26 55 54 5421 41Lam Research, USA 113.07 14 5 50.5 12.9 14.4 224 265 n/a 25.6 875 61 45 397.8 61 66 2200 0 -12 51.4 14 19 84 3236 40Lenovo, Hong Kong 111.94 293 354 192.7 1.4 2.0 58 -11 -13 0.7 7779 359 377 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 1632 -18Asustek Computer, Taiwan 107.98 83 174 28.8 1.7 7.0 375 37 63 5.9 6347 43 121 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 3994 -14Winbond Electronic, Taiwan 103.65 23 0 n/m 20.4 104.1 -25 -151 n/m -4.9 507 -10 -4 112.8 -21 n/a 4497 15 n/a 23.0 7 n/a n/a 638 -32Pitney Bowes, USA 100.07 6 18 16.0 3.1 8.4 626 24 22 19.6 3199 11 22 126.4 54 60 25319 -28 -24 4.0 48 55 n/a 5438 -9RF Micro Devices, USA 98.36 8 47 842.4 21.9 30.5 12 n/a n/a 2.6 449 21 42 149.0 4 -11 3011 17 59 32.7 -8 -7 n/a 671 6OKI Electric, Japan 96.80 -11 3 158.9 2.9 7.2 61 -49 -17 1.8 3358 -1 7 158.6 -5 10 21175 4 -3 4.6 -14 7 n/a 748 -35Tektronix, USA 95.22 25 29 154.0 15.8 18.9 62 -29 20 10.3 603 12 9 139.1 -1 9 4334 13 1 22.0 11 28 62 1318 14Research In Motion, Canada 91.82 56 145 37.3 7.6 16.3 246 >999 n/a 20.4 1203 53 225 251.5 14 n/a 4784 35 n/a 19.2 16 n/a n/a 7039 -8120 <strong>The</strong> <strong>2006</strong> R&D Scoreboard<strong>The</strong> <strong>2006</strong> R&D Scoreboard 121
Ranking of the <strong>top</strong> <strong>1250</strong> global <strong>companies</strong> <strong>by</strong> R&D <strong>investment</strong> within industry sectors–––––––––––––––––– 2005/06 R&D <strong>investment</strong> –––––––––––––––––– ——–—–– Operating profit ——–—–– ––––––––––––––––– Sales and employees ––––––––––––––––– ————––—–––—— R&D and employees ——–—––——––––—–––––––––– Sales –––––––––– ––––– Sales / employee ––––– ––––––––– Employees ––––––––– ––––– R&D / employee ––––– Sales––––– Growth ––––– operating R&D + ––––– Growth ––––– ––––– Growth ––––– –––––– Growth ––––– ––––– Growth ––––– –––––– Growth ––––– outside –––Market cap –––change change profit sales capex as change change sales change change change change change change change change region changeCompany £m 1 yr % 4 yr % % % % sales £m 1 yr % 4 yr % % £m 1 yr % 4 yr % £000 1 yr % 4 yr % number 1 yr % 4 yr % £000 1 yr % 4 yr % % £m %37 Technology hardware & equipment continuedSkyworks Solutions, USA 88.66 0 11 273.8 19.2 24.0 32 25 n/a 7.0 462 1 50 115.4 6 28 4000 -5 0 22.2 5 4 92 415 -33ARM, <strong>UK</strong> 80.27 47 67 228.2 34.5 36.9 35 23 5 15.1 232 52 61 188.4 -5 -5 1234 59 68 65.1 -8 0 86 1586 -5Harris, USA 79.97 23 28 43.1 4.6 7.1 186 66 209 10.6 1748 19 42 138.7 3 16 12600 16 23 6.3 7 4 n/a 3474 22Ciena, USA 79.94 -33 -40 n/m 32.1 34.8 -257 n/m n/m -103.3 249 43 -33 166.2 58 23 1497 -9 -36 53.4 -26 -14 n/a 1246 77Palm, USA 79.19 51 32 129.1 8.6 9.8 61 36 n/a 6.7 919 24 53 833.6 2 26 1103 22 17 71.8 24 14 24 865 -3Linear Technology, USA 76.56 26 39 22.3 12.5 18.4 343 35 57 56.2 611 30 45 190.1 23 32 3217 5 11 23.8 19 25 n/a 5644 -16Nanya Technology, Taiwan 76.43 0 60 693.2 8.6 13.9 11 -93 26 1.2 889 24 80 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 1499 -10Brocade Communications, USA 76.27 -12 -3 325.4 22.8 27.6 23 n/a n/a 7.0 334 -4 5 288.3 -14 4 1160 12 -1 65.7 -22 -3 35 992 54Integrated Device Technology, USA 74.32 23 11 n/m 24.2 28.9 -56 >-999 n/m -18.3 307 35 45 113.9 48 72 2700 -9 -16 27.5 35 32 74 1807 166Pou Chen, Taiwan 73.36 250 510 40.2 2.7 10.2 183 >999 193 6.8 2675 395 639 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 1120 n/aTekelec, USA 73.20 28 66 n/m 23.4 29.0 -26 -338 -317 -8.2 313 35 74 177.8 15 10 1759 17 56 41.6 9 6 24 401 -45Applied Micro Circuits, USA 71.10 -5 -17 n/m 48.1 58.9 -83 n/m n/m -56.4 148 93 24 195.8 85 66 755 4 -22 94.2 -9 1 44 432 -10ASM International, <strong>The</strong> Netherlands 69.17 19 21 346.9 13.9 20.2 20 -67 -4 4.0 499 -4 20 56.1 -12 -5 8896 9 28 7.8 9 -6 85 456 -4PMC-Sierra, USA 69.15 -1 -18 549.2 40.7 42.5 13 -43 n/a 7.4 170 -2 7 194.0 7 25 875 -8 -15 79.0 7 -3 60 593 -35Intersil, USA 68.88 5 7 119.4 19.7 23.7 58 505 117 16.5 350 12 10 261.7 24 46 1336 -10 -26 51.6 17 42 n/a 1885 11Micronas Semiconductor, Switzerland 67.49 19 55 203.7 18.1 26.1 33 -57 -33 8.9 373 -12 13 168.7 -24 -13 2214 15 31 30.5 3 19 54 428 -46McData, USA 65.84 24 57 n/m 18.4 20.5 -18 n/m n/m -5.0 358 54 65 247.3 7 9 1447 44 52 45.5 -14 4 42 281 -35Lite-On Technology, Taiwan 65.33 27 112 35.6 1.6 2.6 184 -3 32 4.6 4032 4 72 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 2141 n/aAvid Technology, USA 64.85 17 28 297.2 14.4 16.6 22 -45 100 4.8 452 32 62 172.9 1 4 2613 30 56 24.8 -10 -19 n/a 899 9Electronics For Imaging, USA 63.80 -1 11 n/m 23.4 24.7 -8 -192 -143 -2.8 273 19 14 158.4 -2 -27 1723 21 48 37.0 -19 -28 n/a 718 10Andrew, USA 62.82 -2 44 145.2 5.5 8.9 43 5 91 3.8 1142 7 65 118.4 -13 7 9649 23 54 6.5 -20 -5 n/a 733 -30Spirent (now Spirent Communications), <strong>UK</strong> 62.80 -7 -18 872.2 13.5 20.6 7 -79 n/a 1.5 465 -2 -19 106.2 1 1 4378 -3 -20 14.3 -4 1 64 352 -32Quantum, USA 62.56 11 -2 n/m 12.9 15.3 -24 n/m n/m -5.0 486 5 -6 209.5 13 -7 2320 -7 -2 27.0 20 -3 33 221 -27International Rectifier, USA 61.09 14 35 56.6 8.9 20.4 108 54 392 15.8 684 11 30 114.0 7 25 6000 3 4 10.2 10 30 n/a 1454 -10Vitesse Semiconductor, USA 59.09 -7 -23 n/m 53.2 94.7 -73 n/m n/m -65.3 111 -13 -17 154.3 -6 12 720 -7 -24 82.1 1 0 n/a 94 -65Silicon Laboratories, USA 58.96 35 120 175.5 23.8 28.6 34 -47 51 13.5 248 -7 64 380.9 -16 18 651 11 52 90.6 22 49 n/a 1140 28Lattice Semiconductor, USA 55.58 5 14 n/m 45.2 50.6 -33 n/m n/m -27.2 123 -7 -12 135.2 4 0 909 -10 -12 61.1 16 29 n/a 380 30ECI Telecom, Israel 55.51 25 -7 297.9 15.1 19.0 19 466 n/a 5.1 367 27 3 120.5 10 9 3046 15 -4 18.2 9 -1 n/a 423 -20Microchip Technology, USA 55.29 2 9 28.9 10.2 18.5 191 26 98 35.4 540 10 34 124.6 0 9 4336 10 24 12.8 -7 -12 n/a 3996 73Com, USA 55.09 -1 -63 n/m 14.5 17.8 -124 n/m n/m -32.8 379 -7 -56 205.0 -3 7 1850 -4 -59 29.8 3 -3 58 1074 40JDS Uniphase, USA 54.58 -6 -55 n/m 13.2 18.2 -146 n/m n/m -35.1 415 12 -50 82.6 35 11 5022 -17 -51 10.9 13 -16 34 2120 62ON Semiconductor, USA 54.58 -1 14 57.8 7.4 11.1 94 8 202 12.9 734 0 9 69.7 -3 1 10539 2 7 5.2 -3 7 n/a 1173 48Silicon Graphics, USA 54.00 -15 -47 n/m 12.7 14.4 -42 n/m n/m -9.9 425 -13 -42 175.5 -5 1 2423 -9 -42 22.3 -7 -9 100 5 -96Credence Systems, USA 53.90 15 14 n/m 21.6 25.0 -63 n/m n/m -25.2 250 -2 58 153.3 13 34 1631 -14 21 33.0 33 -11 n/a 160 -69Polycom, USA 53.29 -1 22 112.5 15.8 18.6 47 94 390 14.0 338 7 28 206.7 -6 1 1636 14 27 32.6 -13 -4 n/a 1099 22Sanken Electric, Japan 52.97 10 20 109.3 6.9 14.2 48 -8 67 6.3 771 6 6 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 932 11American Power Conversion, USA 52.73 6 35 43.3 4.6 7.1 122 -2 17 10.6 1153 16 34 152.1 -1 8 7580 17 24 7.0 -10 9 55 1866 -38Qlogic, USA 52.28 -6 7 41.5 15.2 20.1 126 -4 33 36.7 343 3 25 371.5 -6 5 923 9 20 56.6 -14 -10 54 1587 -11Anritsu, Japan 51.89 6 -22 359.4 12.5 14.1 14 4 n/a 3.5 415 7 -25 114.9 6 -7 3610 1 -18 14.4 5 -5 n/a 395 -4Zoran, USA 51.86 12 116 n/m 22.5 25.2 -16 n/m n/m -7.0 231 4 86 210.7 -11 2 1094 17 80 47.4 -4 21 n/a 449 23Macronix International, Taiwan 51.56 15 -10 n/m 15.7 25.0 -123 >-999 n/m -37.4 329 -19 -5 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 525 21Logitech International, Switzerland 51.23 19 45 44.2 4.9 7.9 116 16 48 11.1 1047 21 50 145.2 16 15 7208 4 30 7.1 14 11 n/a 2258 3AMIS, USA 50.91 13 45 269.8 17.4 24.2 19 -62 -14 6.4 293 -3 23 104.2 -11 n/a 2816 9 n/a 18.1 4 n/a 58 467 -18Sunplus Technology, Taiwan 50.18 38 113 122.5 10.4 13.6 41 -7 20 8.5 480 43 139 425.5 27 60 1129 12 55 44.4 23 42 n/a 537 n/aAdvanced Semiconductor Engineering, Taiwan 49.40 8 45 n/m 3.2 21.4 -78 -197 -214 -5.1 1528 5 60 52.6 26 25 29039 -16 25 1.7 29 14 n/a 2321 28ProMOS Technologies, Taiwan 48.95 16 76 266.8 9.3 116.0 18 -91 -21 3.5 529 -31 24 122.4 -48 -22 4322 34 68 11.3 -13 6 n/a 1365 n/aCreative Technology, Singapore 47.95 18 49 n/m 6.7 9.5 -42 -265 -554 -5.9 713 50 38 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 267 -25Emulex, USA 46.58 9 53 77.7 21.3 25.7 60 n/a n/a 27.4 219 3 28 414.4 2 -4 528 1 33 88.2 8 17 45 740 -21Italtel, Italy 46.40 8 -24 126.7 12.4 14.2 37 21 495 9.8 375 3 -20 161.2 3 4 2327 0 -23 19.9 8 0 6 n/l n/lSemiconductor Manufacturing, China 45.94 1 60 n/m 6.7 81.2 -51 -202 n/m -7.5 682 20 153 75.0 1 71 9096 19 79 5.1 -15 -11 n/a 1361 n/aVarian Semiconductor Equipment, USA 45.24 15 35 88.2 12.9 15.0 51 3 93 14.7 350 13 29 230.4 8 24 1518 5 6 29.8 9 27 78 1052 13Fairchild Semiconductor, USA 45.20 -5 -4 n/m 5.4 12.3 -3 -104 -110 -0.3 830 -11 -2 93.0 -10 5 8929 -1 -7 5.1 -4 3 90 1151 1Sigmatel, USA 44.24 126 284 134.7 23.4 28.1 33 6 436 17.4 189 67 270 309.8 -35 n/a 610 156 n/a 72.5 -12 n/a n/a 91 n/aEnterasys Networks, USA 42.99 -12 -30 n/m 20.7 23.1 -51 n/m n/m -24.4 208 -14 -42 180.8 5 14 1150 -18 -50 37.4 7 30 52 n/l n/lADC Telecommunications, USA 41.71 21 -54 99.7 6.1 8.6 42 524 n/a 6.1 686 50 -6 83.7 37 -1 8200 9 0 5.1 11 -52 n/a 835 -48Mindspeed Technologies, USA 41.56 -10 n/a n/m 63.8 67.4 -35 n/m n/a -54.1 65 -6 n/a 124.3 13 n/a 524 -17 n/a 79.3 8 n/a 71 96 7Axcelis Technologies, USA 41.30 12 3 n/m 19.0 21.1 0 -101 n/m -0.2 217 -27 -1 142.1 -23 10 1527 -4 -11 27.0 17 16 n/a 327 -10Wistron, Taiwan 40.03 0 20 62.3 1.4 3.7 64 n/a >999 2.2 2922 41 107 146.1 n/a n/a 20000 n/a n/a 2.0 n/a n/a n/a 758 n/aUnova (now Intermec), USA 38.74 7 12 151.9 6.1 7.0 25 n/a >999 4.0 640 35 -8 256.4 142 103 2497 -44 -54 15.5 91 138 56 1083 10LTX, USA 38.62 -2 -2 n/m 49.3 57.9 -76 >-999 n/m -97.5 78 -47 -35 165.7 -29 -2 473 -26 -33 81.6 32 43 n/a 192 -6Cymer, USA 37.29 10 4 157.4 16.7 21.6 24 -34 173 10.6 223 -8 23 254.2 -20 11 879 14 10 42.4 -4 -6 n/a 892 31Inventec Appliances, Taiwan 36.95 21 n/a 59.3 10.3 10.3 62 35 n/a 17.4 358 -74 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 740 n/aInterdigital Communications, USA 36.75 23 34 369.3 38.7 42.0 10 n/a 203 10.5 95 57 82 301.6 62 81 315 -3 0 116.7 27 33 n/a 884 54122 <strong>The</strong> <strong>2006</strong> R&D Scoreboard<strong>The</strong> <strong>2006</strong> R&D Scoreboard 123
Ranking of the <strong>top</strong> <strong>1250</strong> global <strong>companies</strong> <strong>by</strong> R&D <strong>investment</strong> within industry sectors–––––––––––––––––– 2005/06 R&D <strong>investment</strong> –––––––––––––––––– ——–—–– Operating profit ——–—–– ––––––––––––––––– Sales and employees ––––––––––––––––– ————––—–––—— R&D and employees ——–—––——––––—–––––––––– Sales –––––––––– ––––– Sales / employee ––––– ––––––––– Employees ––––––––– ––––– R&D / employee ––––– Sales––––– Growth ––––– operating R&D + ––––– Growth ––––– ––––– Growth ––––– –––––– Growth ––––– ––––– Growth ––––– –––––– Growth ––––– outside –––Market cap –––change change profit sales capex as change change sales change change change change change change change change region changeCompany £m 1 yr % 4 yr % % % % sales £m 1 yr % 4 yr % % £m 1 yr % 4 yr % £000 1 yr % 4 yr % number 1 yr % 4 yr % £000 1 yr % 4 yr % % £m %37 Technology hardware & equipment continuedPlantronics, USA 36.58 85 88 56.9 8.4 13.9 64 -13 44 14.7 437 34 85 59.9 -28 -20 7300 87 132 5.0 -1 -21 n/a 440 n/aBrooks Automation, USA 36.56 -6 -9 n/m 13.5 16.0 -1 -103 n/m -0.2 270 -14 19 150.3 -9 36 1<strong>800</strong> -5 -17 20.3 -1 7 48 578 46ADTRAN, USA 36.50 -7 4 42.9 12.2 13.9 85 42 155 28.4 299 13 30 187.5 13 30 1594 0 0 22.9 -7 4 n/a 909 -19Aeroflex, USA 35.76 23 99 196.3 12.8 16.1 18 13 130 6.5 279 16 68 105.7 5 18 2640 10 40 13.5 12 45 n/a 469 19Extreme Networks, USA 35.69 5 4 478.3 16.0 17.8 7 n/a n/a 3.3 223 9 -7 267.7 9 3 834 0 -9 42.8 5 14 56 251 -18Adaptec, USA 35.47 -46 -47 n/m 15.4 17.2 -99 n/m n/m -43.0 230 -17 -10 204.3 13 25 1128 -26 -28 31.4 -28 -26 n/a 280 30Diebold, USA 35.19 1 -1 42.4 2.3 4.2 83 -48 -34 5.5 1507 9 26 103.2 7 16 14603 2 9 2.4 -1 -9 n/a 1621 -18CSR, <strong>UK</strong> 35.15 119 239 53.9 12.4 16.0 65 92 >999 23.0 283 92 424 579.5 -3 138 489 97 150 71.9 11 39 89 1462 137Bull, France 35.04 -6 -34 >999.9 4.3 5.4 3 -79 n/a 0.4 806 3 -27 108.1 4 -9 7458 -1 -18 4.7 -5 -18 n/a 300 -33Arris, USA 35.03 -5 -2 112.9 8.8 10.3 31 n/a n/a 7.8 396 39 17 541.4 38 53 732 1 -25 47.9 -6 21 n/a 647 5FEI, USA 34.87 7 29 n/m 14.0 17.5 -32 -284 -280 -12.7 249 -8 12 155.4 -3 12 1601 -5 0 21.8 13 28 n/a 401 -2Realtek Semiconductor, Taiwan 34.78 44 75 114.3 17.9 25.3 30 11 -28 15.7 194 18 25 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 520 n/aRedback Networks, USA 33.98 3 -35 n/m 38.1 45.8 -12 n/m n/m -13.0 89 33 6 176.8 17 25 505 13 -14 67.3 -9 -22 n/a 515 75Standard Microsystems, USA 33.94 36 62 437.8 18.3 25.7 8 n/a 291 4.2 186 53 73 242.3 11 15 767 37 51 44.3 -1 7 88 341 22Neopost, France 33.60 25 42 23.7 5.9 11.8 142 16 54 24.9 568 9 16 119.7 7 10 4749 3 6 7.1 22 32 41 1860 11Coherent, USA 33.52 -8 5 155.2 11.1 14.6 22 31 n/a 7.2 301 4 16 137.4 6 18 2189 -1 -2 15.3 -7 7 65 591 4Avocent, USA 33.13 25 83 98.3 15.4 16.4 34 98 106 15.6 215 1 25 384.7 8 25 560 -7 -6 59.2 34 77 n/a 725 -22MKS Instruments, USA 32.57 -2 19 137.9 11.0 13.0 24 -38 >999 8.0 297 -8 36 130.7 -6 21 2270 -2 14 14.3 0 4 n/a 654 16Disco, Japan 31.35 2 88 48.1 9.2 13.1 65 44 274 19.2 340 14 57 197.5 11 36 1721 3 5 18.2 -1 66 17 1097 40Tokyo Seimitsu, Japan 31.09 14 49 87.9 7.4 9.5 35 n/a 367 8.5 418 36 56 365.6 31 54 1144 4 2 27.2 10 47 16 1062 9Filtronic, <strong>UK</strong> 31.08 11 3 531.2 11.8 16.8 6 100 n/a 2.2 263 11 0 67.1 -5 -17 3918 16 19 7.9 -4 -14 n/a 139 -30Powerchip Semiconductor, Taiwan 30.52 64 43 33.2 3.2 80.2 92 -77 43 9.6 956 -6 107 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 2248 n/aFinisar, USA 30.23 -17 -13 n/m 14.2 20.5 -6 n/m n/m -2.8 212 30 87 57.5 -9 16 3688 43 60 8.2 -42 -47 44 515 207Pixelworks, USA 30.18 70 112 n/m 30.2 34.8 -14 -183 >-999 -13.5 100 -3 35 213.2 -27 -27 469 34 83 64.4 27 14 96 62 n/aFoundry Networks, USA 29.88 17 34 77.2 12.7 15.2 39 5 34 16.4 235 -1 14 327.2 -10 -4 719 9 19 41.6 7 13 n/a 876 3Imation, USA 29.88 -10 -10 52.7 4.1 5.8 57 100 59 7.7 733 3 9 349.0 25 48 2100 -18 -27 14.2 9 23 n/a 822 -1TTP Communications, <strong>UK</strong> 29.50 31 51 n/m 47.6 56.1 -1 n/m -135 -1.7 62 25 49 110.7 10 -10 560 14 60 52.7 15 -11 90 101 25Mercury Computer Systems, USA 29.17 30 41 118.7 20.0 24.6 25 33 42 16.9 146 35 44 195.9 18 14 744 14 26 39.2 14 12 n/a 162 n/aSilicon Storage Technology, USA 28.56 5 5 n/m 11.4 12.9 -17 n/m n/m -6.7 251 -4 31 397.8 -9 9 631 5 22 45.3 -1 -15 95 228 -9Komag, USA 28.47 20 39 42.2 7.1 29.8 67 118 430 16.9 400 50 103 56.1 12 31 7121 34 57 4.0 -11 -12 95 683 n/aInventec, Taiwan 28.39 13 39 54.2 1.0 1.2 52 16 -9 1.8 2883 24 89 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 779 36Actel, USA 28.06 6 21 820.9 26.9 32.5 3 n/a n/a 3.3 104 8 23 184.9 7 17 565 1 5 49.7 5 16 44 211 4Micro-Star International, Taiwan 27.98 -2 39 143.9 2.1 2.8 19 630 -60 1.5 1317 8 28 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 255 -26Atheros Communications, USA 27.84 12 48 861.0 26.0 28.3 3 -43 n/a 3.0 107 8 141 326.8 -14 n/a 327 26 n/a 85.1 -11 n/a n/a 499 n/aTriQuint Semiconductor, USA 27.21 -23 -21 >999.9 15.3 22.7 2 n/a n/a 1.2 178 -12 -3 112.7 16 8 1575 -24 -12 17.3 1 -11 n/a 353 21Sonus Networks, USA 27.02 27 -21 n/m 23.8 31.1 0 -102 n/m -0.2 113 14 56 157.7 -15 n/a 719 34 n/a 37.6 -5 n/a n/a 602 n/aZebra Technologies, USA 26.79 24 46 29.9 6.6 8.6 90 -11 25 21.9 409 6 32 163.6 -3 13 2500 9 18 10.7 14 24 48 1362 n/aGenesis Microchip, USA 26.73 38 44 240.7 17.0 20.2 11 n/a n/a 7.1 157 32 39 278.8 12 5 563 18 32 47.5 16 9 99 286 n/aKinpo Electronics, Taiwan 26.28 13 35 69.0 2.3 2.3 38 -21 6 3.3 1145 10 64 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 280 n/aCirrus Logic, USA 26.27 -33 -50 114.9 23.3 24.4 23 n/a n/a 20.3 113 -1 -28 266.1 41 50 424 -30 -51 62.0 -4 2 n/a 320 -12Micrel, USA 26.25 8 -7 136.0 18.0 23.8 19 -18 n/a 13.2 146 -3 12 165.0 -4 7 884 1 5 29.7 7 -11 75 477 n/aSilicon Image, USA 26.13 -43 -9 87.0 21.1 24.0 30 n/a n/a 24.3 124 23 107 322.2 8 53 384 14 39 68.0 -50 -33 n/a 499 16Bookham, USA 26.11 -11 -27 n/m 22.4 30.4 -142 n/m n/m -121.5 117 33 100 50.5 8 28 2309 23 68 11.3 -28 -63 30 84 -3TCL Communication Technology, Hong Kong 26.05 61 n/a n/m 6.1 7.1 -141 n/m n/a -33.2 425 -23 n/a 82.3 21 n/a 5172 -36 n/a 5.0 152 n/a n/a 111 n/aAastra Technologies, Canada 25.40 116 176 141.4 9.7 12.1 18 51 31 6.9 261 104 160 n/a n/a n/a n/a n/a n/a n/a n/a n/a 77 248 n/aSycamore Networks, USA 25.33 -10 -58 n/m 66.5 71.9 -26 n/m n/m -67.8 38 47 -50 138.1 88 23 276 -22 -48 91.8 15 -17 n/a 594 5Cabot Microelectronics, USA 25.05 -2 19 98.4 15.9 23.7 25 -37 -30 16.2 158 -13 6 242.4 -21 -16 650 11 26 38.5 -12 -5 78 408 0Cree, USA 24.91 16 44 35.7 11.0 47.4 70 48 959 30.8 227 27 79 171.4 18 45 1322 7 25 18.8 8 14 n/a 844 n/aVerifone, USA 24.87 18 n/a 62.8 8.8 9.4 40 196 n/a 14.0 283 24 n/a 269.3 n/a n/a 1050 n/a n/a 23.7 n/a n/a 40 949 n/aAdvanced Digital Information, USA 24.75 12 23 >999.9 9.4 12.4 2 90 119 0.8 265 0 15 238.5 3 17 1109 -3 -2 22.3 16 26 n/a 437 n/aCray, USA 24.30 -8 -10 n/m 20.7 22.7 -35 n/m n/m -30.3 117 35 26 148.8 52 40 787 -11 -10 30.9 4 -1 n/a 179 n/aGN Store Nord, Denmark 24.04 -24 -45 31.7 3.9 6.7 76 56 n/a 12.4 612 20 15 117.9 7 14 5190 12 0 4.6 -32 -44 n/a 1828 23Kulicke & Soffa, USA 23.90 19 -13 n/m 7.3 9.5 -59 -221 n/m -17.9 327 -22 -2 98.3 -25 -3 3326 4 1 7.2 14 -13 88 239 n/aRambus, USA 23.87 26 68 188.3 26.1 31.1 13 -45 -35 13.8 92 9 39 275.0 -23 n/a 333 41 n/a 71.7 -11 n/a n/a 678 n/aOmniVision Technologies, USA 23.63 59 167 38.0 8.2 12.9 62 5 108 21.7 287 27 128 174.3 -33 -52 1644 89 346 14.4 -16 -54 n/a 579 n/aDSP, USA 23.47 25 55 159.0 21.5 26.7 15 29 36 13.5 109 19 33 374.8 16 -7 291 2 36 80.6 22 13 99 424 n/aAdvanced Energy Industries, USA 23.14 -23 -19 219.7 11.8 15.0 11 n/a n/a 5.4 196 -15 24 128.6 -8 15 1527 -8 9 15.2 -17 -27 n/a 323 57M-Systems Flash Disk Pioneers(now M-Systems), Israel(now part of SanDisk, USA) 22.38 55 137 55.9 6.2 7.9 40 36 407 11.2 358 48 275 435.8 -8 93 822 60 127 27.2 -3 5 53 n/l n/lHarmonic, USA 22.23 7 -6 n/m 14.8 17.0 -5 >-999 n/m -3.1 150 4 25 242.6 -1 23 618 5 1 36.0 2 -7 n/a 224 n/aMEMC Electronic Matrials, USA 22.12 n/a n/a 14.1 3.7 18.3 156 n/a n/a 26.1 599 n/a n/a 119.8 n/a n/a 5000 n/a n/a 4.4 n/a n/a 72 3869 n/aC-Cor, USA 22.02 76 63 n/m 15.9 18.4 -16 -162 n/m -11.6 138 -2 2 88.4 -9 -6 1564 9 6 14.1 62 45 n/a 192 n/a124 <strong>The</strong> <strong>2006</strong> R&D Scoreboard<strong>The</strong> <strong>2006</strong> R&D Scoreboard 125
Ranking of the <strong>top</strong> <strong>1250</strong> global <strong>companies</strong> <strong>by</strong> R&D <strong>investment</strong> within industry sectors–––––––––––––––––– 2005/06 R&D <strong>investment</strong> –––––––––––––––––– ——–—–– Operating profit ——–—–– ––––––––––––––––– Sales and employees ––––––––––––––––– ————––—–––—— R&D and employees ——–—––——––––—–––––––––– Sales –––––––––– ––––– Sales / employee ––––– ––––––––– Employees ––––––––– ––––– R&D / employee ––––– Sales––––– Growth ––––– operating R&D + ––––– Growth ––––– ––––– Growth ––––– –––––– Growth ––––– ––––– Growth ––––– –––––– Growth ––––– outside –––Market cap –––change change profit sales capex as change change sales change change change change change change change change region changeCompany £m 1 yr % 4 yr % % % % sales £m 1 yr % 4 yr % % £m 1 yr % 4 yr % £000 1 yr % 4 yr % number 1 yr % 4 yr % £000 1 yr % 4 yr % % £m %37 Technology hardware & equipment continuedSemtech, USA 21.86 12 20 79.4 15.7 20.1 28 -32 10 19.7 139 -6 15 211.6 -12 2 659 8 13 33.2 4 6 n/a 521 n/aZarlink Semiconductor, Canada 21.84 -42 -52 n/m 21.0 21.9 -7 n/m n/m -7.2 104 -16 -14 139.6 8 34 747 -22 -37 29.2 -26 -25 n/a 171 72Amkor Technology, USA 21.75 2 13 125.6 1.8 15.9 17 -78 n/a 1.4 1223 10 31 51.0 1 15 24000 9 14 0.9 -7 -1 66 624 n/aHutchinson Technology, USA 21.45 30 75 64.2 5.8 37.0 33 48 139 9.1 368 34 43 69.3 -3 -5 5310 38 51 4.0 -5 17 n/a 273 n/aSEZ, Switzerland 20.96 7 21 636.2 15.2 26.1 3 -79 -53 2.4 138 2 35 195.2 -4 30 705 6 3 29.7 0 17 78 230 n/aShindengen Electric Manufacturing, Japan 20.81 -15 -29 114.4 4.7 11.1 18 482 n/a 4.1 439 6 -4 n/a n/a n/a n/a n/a n/a n/a n/a n/a 9 263 n/aImagination Technologies, <strong>UK</strong> 20.65 7 40 n/m 58.5 61.6 -7 n/m n/m -20.3 35 15 49 105.0 4 15 336 11 32 61.5 -3 7 33 136 14Accton Technology, Taiwan 20.45 -14 6 >999.9 6.3 8.0 1 n/a n/a 0.4 325 -14 -6 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 168 n/aELMOS Semiconductor, Germany 20.41 15 38 n/m 20.2 35.6 -120 -766 -923 -118.5 101 3 22 98.2 -7 -4 1028 11 26 19.9 4 10 22 107 -39Asyst Technologies, USA 20.32 -4 -13 n/m 5.7 6.4 -8 n/m n/m -2.1 357 103 97 435.4 31 122 820 55 -21 24.8 -38 -4 82 188 n/aSilicon Integrated Systems, Taiwan 20.26 3 -32 188.1 10.1 11.0 11 n/a n/a 5.4 201 8 -14 306.1 9 36 657 -1 -47 30.8 4 16 n/a 371 n/aIntracom, Greece 19.98 -46 -53 49.7 4.7 4.7 40 15 -52 9.4 426 -3 -23 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 455 10Ess Technology, USA 19.79 -9 8 n/m 18.7 21.3 -58 n/m >-999 -55.0 106 -29 -27 205.0 -27 -31 517 -4 7 38.3 -6 -2 100 34 n/aTerayon Communication Systems, USA 19.78 -21 -46 n/m 22.6 24.4 -21 n/m n/m -24.5 88 13 -32 343.9 87 63 255 -40 -57 77.6 31 23 45 38 n/aInter-Tel, USA 19.37 15 52 146.6 7.5 9.5 13 -46 -45 5.1 258 6 14 128.0 7 2 2016 0 11 9.6 16 38 n/a 338 n/aDialog Semiconductor, <strong>UK</strong> 19.31 -3 -7 379.3 21.5 24.6 5 n/a n/a 5.7 90 13 41 373.1 31 64 241 -14 -14 80.1 13 9 n/a 39 -55Micros Systems, USA 19.31 22 56 41.8 5.5 7.3 46 37 175 13.3 348 23 51 106.9 9 25 3253 12 21 5.9 8 29 56 857 n/aAvanex, USA 19.29 -21 10 n/m 20.6 21.2 -61 n/m n/m -65.6 94 50 119 118.2 83 74 792 -18 35 24.4 -4 -26 n/a 157 n/a38 Tobacco 846.23 9.3 12.2 6.3 0.9 3.2 13523 19.6 13.7 14.4 94152 5.2 15.2 318.9 -5.4 6.8 295204 11.1 7.7 2.9 -1.7 4.1 n/a 148998 24.8Altria, USA 549.28 17 30 5.7 1.0 3.2 9671 9 1 17.0 56998 9 28 286.4 -14 6 199000 28 20 2.8 -9 7 n/a 97513 21Japan Tobacco, Japan 200.08 -4 -13 88.7 0.9 2.4 226 n/a -52 1.0 23020 1 3 705.3 21 24 32640 -17 -17 6.1 15 5 n/a 11069 36BAT, <strong>UK</strong> 66.00 -1 1 2.4 0.7 5.2 2739 41 31 29.4 9325 -13 -14 168.4 -5 -6 55364 -9 -9 1.2 8 11 n/a 29666 27Reynolds American, USA 30.87 10 -15 3.5 0.6 1.9 887 63 n/a 18.4 4809 28 25 586.5 47 33 8200 -13 -6 3.8 27 -10 n/a 10751 5239 Travel & leisure 442.40 12.8 22.3 22.5 3.5 12.4 1970 1.9 7.8 15.8 12484 3.4 1.5 214.0 -0.4 n/a 28516 5.1 n/a 13.4 -2.6 n/a n/a 22311 n/lAmadeus <strong>Global</strong> Travel, Spain † 125.18 19 32 43.8 7.6 11.2 286 24 42 17.2 1656 17 26 246.7 1 -13 6715 17 42 18.6 2 -9 34 n/l n/lInternational Game Technology, USA 80.62 7 51 20.9 5.8 15.0 385 -27 6 27.8 1386 -4 24 277.2 -6 26 5000 2 -2 16.1 5 52 n/a 7468 39Expedia, USA 65.40 32 n/a 30.7 5.3 7.8 213 58 n/a 17.2 1235 15 n/a 189.9 n/a n/a 6500 n/a n/a 10.1 n/a n/a n/a 2983 n/aWest Japan Railway, Japan 30.45 2 10 4.2 0.5 12.4 729 10 12 12.1 6025 0 2 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 5056 27WMS Industries, USA 29.30 12 56 163.8 13.0 31.5 18 n/a 158 7.9 226 69 83 185.3 61 n/a 1221 5 n/a 24.0 7 n/a 19 475 -14GTECH, USA 29.13 -18 3 14.7 3.8 15.1 198 9 40 26.0 760 4 21 143.4 4 n/a 5300 0 n/a 5.5 -18 n/a 49 2534 28Aruze, Japan 28.96 20 16 n/m 8.1 13.6 -7 -131 -104 -1.9 358 -28 -47 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 853 n/aAristocrat Leisure, Australia 28.11 11 9 18.5 5.1 7.8 152 31 209 27.4 554 14 35 258.8 11 37 2140 3 -3 13.1 8 11 n/a 2427 -14Alliance Gaming(now Bally Technologies), USA 25.26 18 98 n/m 8.9 11.4 -3 -105 -109 -1.1 285 0 -12 173.5 6 3 1640 -5 -20 15.4 25 126 6 514 n/a126 <strong>The</strong> <strong>2006</strong> R&D Scoreboard<strong>The</strong> <strong>2006</strong> R&D Scoreboard 127
Ranking of the <strong>top</strong> <strong>1250</strong> global <strong>companies</strong> <strong>by</strong> R&D <strong>investment</strong> <strong>by</strong> country within region–––––––––––––––––– 2005/06 R&D <strong>investment</strong> –––––––––––––––––– ——–—–– Operating profit ——–—–– ––––––––––––––––– Sales and employees ––––––––––––––––– ————––—–––—— R&D and employees ——–—––——––––—–––––––––– Sales –––––––––– ––––– Sales / employee ––––– ––––––––– Employees ––––––––– ––––– R&D / employee ––––– Sales––––– Growth ––––– operating R&D + ––––– Growth ––––– ––––– Growth ––––– –––––– Growth ––––– ––––– Growth ––––– –––––– Growth ––––– outside –––Market cap –––change change profit sales capex as change change sales change change change change change change change change region changeCompany £m 1 yr % 4 yr % % % % sales £m 1 yr % 4 yr % % £m 1 yr % 4 yr % £000 1 yr % 4 yr % number 1 yr % 4 yr % £000 1 yr % 4 yr % % £m %All <strong>companies</strong> composite 249354.87 7.0 10.4 32.9 3.6 9.9 756934 16.0 91.9 11.0 6868241 8.9 18.3 203.4 5.0 14.4 32386006 1.1 -1.6 7.4 1.3 2.7 n/a 8512210 6.11 Americas 106705.67 8.3 15.1 35.0 4.3 9.1 304531 16.2 117.0 12.3 2484259 11.0 26.7 229.2 6.0 21.3 10834196 4.4 3.5 9.8 3.4 10.5 n/a 3836000 1.51.1 Bermuda 925.61 4.4 -2.7 16.2 2.2 4.8 5706 16.7 13.0 13.8 41420 7.9 15.4 100.1 3.5 10.3 413618 4.3 6.6 2.2 0.1 13.1 n/a 54179 -5.5Tyco International 486.95 7 26 13.9 2.0 5.0 3496 19 -5 14.4 24336 4 14 98.2 8 18 247900 -4 -3 2.0 11 30 n/a 30784 -9Marvell Technology 182.24 18 48 87.0 18.7 24.6 210 122 629 21.5 973 36 97 389.2 5 31 2500 30 54 72.9 -10 -3 0 6252 -14Accenture 141.80 -10 -5 11.5 1.4 3.3 1236 21 64 12.4 9957 13 28 81.0 -8 -14 123000 23 49 1.2 -27 -37 n/a 9765 17Ingersoll-Rand 94.60 9 -16 12.0 1.5 2.6 785 -11 76 12.8 6143 12 11 153.6 1 21 40000 11 -11 2.4 -2 -6 n/a 7277 -8Xoma 20.01 -32 -13 n/m 184.1 210.0 -21 n/m n/m -191.7 11 409 -1 49.9 414 -1 218 -1 0 91.8 -31 -13 n/a 101 261.2 Brazil 448.02 59.9 91.6 3.7 1.1 20.8 12083 53.4 116.1 28.4 42489 38.5 85.8 388.3 30.2 36.6 109417 6.4 37.0 4.1 50.4 39.4 n/a 93672 52.3Petroleo Brasiliero 232.41 61 119 2.7 0.7 19.1 8634 52 119 26.3 32808 50 96 608.6 45 65 53904 4 20 4.3 55 86 n/a 57659 61Vale Do Rio Doce 161.35 47 176 5.1 2.2 33.3 3164 67 123 42.5 7451 8 65 193.2 2 -11 38560 7 74 4.2 38 58 n/a 32312 45EMBRAER 54.27 109 -22 19.0 2.4 3.8 285 -4 25 12.8 2231 11 39 131.6 -4 4 16953 16 33 3.2 81 -43 n/a 3700 131.3 Canada 2244.25 6.0 -0.5 124.7 4.0 11.7 1799 -32.5 235.6 3.2 56371 5.5 6.0 146.2 -1.1 3.1 383804 9.9 10.5 5.8 -3.8 -9.5 52 60453 n/aNortel Networks 1081.08 -5 -21 n/m 17.6 20.1 -1432 n/m n/m -23.4 6129 25 -10 173.3 21 11 35370 4 -19 30.6 -9 -3 45 5007 -40ATI Technologies 190.48 21 64 >999.9 14.7 16.9 14 -90 -47 1.1 1295 11 63 392.3 -9 14 3300 22 46 57.7 -1 14 88 3007 73Alcan 132.22 -5 44 35.1 1.1 10.1 377 -36 -10 3.2 11836 -18 28 182.4 4 22 64900 -21 7 2.0 21 38 64 10435 33Bombardier 101.93 38 -4 44.3 1.2 3.4 230 477 313 2.7 8681 10 -16 155.2 17 0 55922 -6 -16 1.8 47 15 51 2841 0Research In Motion 91.82 56 145 37.3 7.6 16.3 246 >999 n/a 20.4 1203 53 225 251.5 14 n/a 4784 35 n/a 19.2 16 n/a n/a 7039 -8Onex 73.30 220 138 11.8 0.8 4.0 623 173 408 7.2 8699 7 -13 63.0 -35 -42 13<strong>800</strong>0 66 49 0.5 92 60 n/a 1368 n/aCognos 61.71 16 36 66.8 12.8 15.0 92 36 102 19.2 481 21 49 145.8 6 25 3297 14 20 18.7 2 14 42 1620 -15Ballard Power Systems 43.97 -18 -23 n/m 140.5 152.8 -52 n/m n/m -167.7 31 -34 -34 51.5 6 23 608 -38 -49 72.3 32 48 41 392 10CGI 39.00 2 142 22.3 2.1 2.8 175 -1 33 9.5 1838 14 52 73.5 14 11 25000 0 37 1.6 2 98 8 1080 n/aOpen Text 37.94 49 115 226.6 15.7 20.0 17 -6 39 6.9 242 43 116 107.8 34 28 2241 6 67 16.9 40 27 58 394 16Vasogen 35.61 38 199 n/m n/a n/a -48 n/m n/m n/a 0 n/m n/m 0.0 n/m n/m 172 n/a n/a 207.1 n/a n/a n/a 20 n/aCae 35.41 -14 -19 69.6 6.4 18.2 51 n/a 141 9.2 552 12 2 110.4 12 18 5000 0 -14 7.1 -14 -6 55 1147 16Biovail 35.23 21 35 20.1 6.5 10.5 175 45 134 32.1 545 6 21 312.5 39 31 1744 -24 -7 20.2 59 46 88 1493 -11Novelis 33.78 -6 n/a 21.5 0.7 2.9 157 16 n/a 3.5 4517 25 n/a 334.6 n/a n/a 13500 n/a n/a 2.5 n/a n/a n/a 847 -15QLT 31.57 39 56 n/m 26.2 29.4 -173 n/m n/m -143.7 121 30 69 275.5 41 47 438 -8 15 72.1 50 33 46 366 n/aNOVA Chemicals 29.12 4 16 >999.9 0.9 8.4 2 -99 -95 0.1 3271 7 45 908.7 21 73 3600 -12 -17 8.1 19 39 21 1456 -15Nexen 26.93 54 166 5.2 1.1 54.0 519 -19 7 20.9 2484 28 57 756.8 26 29 3282 1 21 8.2 53 148 n/a 9353 n/aAastra Technologies 25.40 116 176 141.4 9.7 12.1 18 51 31 6.9 261 104 160 n/a n/a n/a n/a n/a n/a n/a n/a n/a 77 248 n/aMDS 24.93 -12 -8 65.8 2.7 10.0 38 -41 -53 4.1 916 4 5 157.9 65 84 5<strong>800</strong> -37 -43 4.3 39 62 46 1564 n/aMacdonald Dettwiler & Associates 24.45 13 95 44.9 5.9 8.2 54 18 59 13.1 415 11 37 153.8 n/a n/a 2700 n/a n/a 9.1 n/a n/a 32 898 n/aHummingbird 23.13 5 11 n/m 19.7 20.8 -6 -168 -331 -4.7 118 -8 1 78.5 n/a n/a 1500 n/a n/a 15.4 n/a n/a 49 288 n/aNeurochem 22.99 57 164 n/m >999.9 >999.9 -37 n/m n/m >-999.9 2 >999 455 11.5 >999 n/a 192 16 n/a 119.7 35 n/a n/a 244 n/aZarlink Semiconductor 21.84 -42 -52 n/m 21.0 21.9 -7 n/m n/m -7.2 104 -16 -14 139.6 8 34 747 -22 -37 29.2 -26 -25 n/a 171 72Inco 20.39 21 51 2.7 0.8 26.6 765 14 n/a 29.1 2632 6 65 224.8 -1 50 11707 7 11 1.7 13 36 63 9173 n/a1.4 Cayman Islands 81.66 46.5 158 32.3 2.6 5.1 253 31.9 59.8 7.9 3195 34.9 112.2 102.0 52.8 62.4 31330 -11.7 17.4 2.6 65.9 98.2 n/a 5799 n/aGarmin 43.62 22 81 22.2 7.3 9.9 197 25 65 32.9 599 35 89 197.3 10 16 3034 22 64 14.4 0 12 n/a 5609 59TCL Multimedia Technology 38.04 92 405 67.7 1.5 3.9 56 64 43 2.2 2596 35 118 91.7 57 71 28296 -14 15 1.3 123 290 n/a 190 n/a1.5 USA 103006.13 8.2 15.4 36.2 4.4 8.9 284689 15.5 113.8 12.2 2340783 10.8 26.6 236.4 5.9 21.7 9896027 4.2 3.0 10.4 3.5 11.2 n/a 3621898 0.7Ford Motor 4659.83 8 7 109.7 4.5 8.8 4247 -32 146 4.1 103221 3 7 344.1 12 21 300000 -8 -12 15.5 17 20 n/a 7496 -30Pfizer 4334.81 -3 20 66.5 14.5 18.6 6522 -20 14 21.8 29912 -2 27 282.2 6 28 106000 -8 0 40.9 5 21 n/a 108877 -3General Motors 3902.61 3 11 n/m 3.5 7.7 -1255 -117 -121 -1.1 112188 0 4 334.9 -4 5 335000 3 -2 11.7 0 13 n/a 10173 -12Microsoft 3835.04 6 15 40.0 14.9 18.4 9595 13 44 37.2 25793 11 29 360.5 -5 1 71553 17 28 53.6 -9 -10 n/a 144035 -15Johnson & Johnson 3676.61 21 45 47.7 12.5 17.7 7702 3 32 26.2 29423 7 27 254.5 1 19 115600 5 7 31.8 15 35 n/a 108795 -1IBM 3132.57 4 12 41.7 5.9 10.1 7520 1 20 14.2 53084 -5 3 161.2 -5 1 329373 0 3 9.5 4 10 62 67661 -11Intel 2996.86 8 21 42.7 13.3 28.2 7020 19 109 31.0 22615 13 32 226.4 -3 8 99900 18 22 30.0 -8 -1 85 58324 -38Merck 2241.38 -4 25 53.1 17.5 23.9 4224 -7 -23 32.9 12821 -4 -39 208.5 -2 -28 61500 -2 -13 36.4 -2 39 n/a 52872 35Motorola 2143.52 20 -1 77.3 10.0 11.6 2774 49 >999 12.9 21460 18 28 311.0 16 63 69000 1 -24 31.1 19 29 n/a 33308 9Hewlett-Packard 2032.85 0 6 104.1 4.0 6.3 1954 -19 114 3.9 50499 8 36 336.7 9 18 150000 -1 15 13.6 0 -10 65 52954 31General Electric 1994.99 11 38 9.2 2.3 11.9 21779 17 24 25.0 87198 -2 12 275.9 -5 9 316000 3 2 6.3 8 35 n/a 196808 -8Cisco Systems 1935.00 4 -3 44.4 13.4 16.2 4359 20 185 30.2 14446 13 21 376.1 0 12 38413 13 8 50.4 -8 -10 100 62477 -6Eli Lilly 1762.29 12 28 107.6 20.7 29.5 1638 -6 -17 19.2 8531 6 19 200.2 10 23 42600 -4 -3 41.4 17 32 47 37285 7Wyeth 1601.46 12 29 56.6 14.7 20.4 2828 n/a 82 25.9 10925 8 21 219.7 12 27 49732 -3 -5 32.2 15 36 n/a 38055 7Bristol-Myers Squibb 1599.49 10 20 65.4 14.3 18.1 2447 -3 -2 21.9 11188 -1 0 260.2 -1 3 43000 0 -3 37.2 10 23 n/a 27248 -4Amgen 1347.86 14 63 47.7 18.6 25.6 2824 45 170 39.0 7240 18 75 438.8 3 23 16500 15 46 81.7 0 14 17 48713 -16Boeing 1284.37 17 24 84.9 4.0 6.7 1513 14 9 4.7 31946 5 2 208.8 9 11 153000 -4 -9 8.4 22 35 n/a 24333 11Delphi 1281.45 5 17 n/m 8.2 12.6 -1272 n/m >-999 -8.1 15696 -6 -2 85.2 -5 1 184200 -1 -3 7.0 5 21 n/a n/l n/lTexas Instruments 1173.70 2 16 71.2 15.0 25.0 1650 23 344 21.1 7801 6 37 221.6 7 36 35207 -1 1 33.3 3 15 84 27013 -10128 <strong>The</strong> <strong>2006</strong> R&D Scoreboard<strong>The</strong> <strong>2006</strong> R&D Scoreboard 129
Ranking of the <strong>top</strong> <strong>1250</strong> global <strong>companies</strong> <strong>by</strong> R&D <strong>investment</strong> <strong>by</strong> country within region–––––––––––––––––– 2005/06 R&D <strong>investment</strong> –––––––––––––––––– ——–—–– Operating profit ——–—–– ––––––––––––––––– Sales and employees ––––––––––––––––– ————––—–––—— R&D and employees ——–—––——––––—–––––––––– Sales –––––––––– ––––– Sales / employee ––––– ––––––––– Employees ––––––––– ––––– R&D / employee ––––– Sales––––– Growth ––––– operating R&D + ––––– Growth ––––– ––––– Growth ––––– –––––– Growth ––––– ––––– Growth ––––– –––––– Growth ––––– outside –––Market cap –––change change profit sales capex as change change sales change change change change change change change change region changeCompany £m 1 yr % 4 yr % % % % sales £m 1 yr % 4 yr % % £m 1 yr % 4 yr % £000 1 yr % 4 yr % number 1 yr % 4 yr % £000 1 yr % 4 yr % % £m %1.5 USA continuedProcter & Gamble 1130.01 8 14 17.2 3.4 7.3 6566 13 49 19.9 33050 10 30 300.5 10 23 110000 0 6 10.3 8 7 n/a 113630 46Oracle 1090.40 26 49 39.5 13.0 14.7 2764 19 31 33.0 8376 22 40 149.2 8 9 56133 13 29 19.4 12 16 n/a 45066 13Schering-Plough 1086.32 16 28 379.1 19.6 24.6 287 n/a -60 5.2 5538 15 4 169.9 8 -3 32600 7 8 33.3 9 19 62 17817 -5Abbott Laboratories 1060.80 7 11 38.0 8.2 13.6 2793 10 33 21.5 13011 14 22 217.8 15 40 59735 -1 -13 17.8 9 27 n/a 41978 0Sun Microsystems 1039.73 -7 -6 n/m 16.1 18.4 -185 -192 n/m -2.9 6448 -1 -17 208.0 4 2 31000 -5 -18 33.5 -3 13 n/a 8862 17Lucent Technologies 820.71 11 -34 112.4 14.9 17.3 730 -8 n/a 13.3 5499 4 -26 180.3 9 16 30500 -4 -36 26.9 16 4 37 5429 -29United Technologies 796.25 9 16 26.9 3.2 5.4 2963 14 34 11.9 24886 14 38 112.0 8 11 222200 6 23 3.6 3 -9 n/a 37015 20EI du Pont de Nemours 778.19 0 -3 40.2 5.0 10.0 1938 68 42 12.5 15517 -3 3 258.6 -3 26 60000 0 -20 13.0 0 19 52 21349 -12Freescale Semiconductor 696.06 24 n/a 205.7 20.5 28.9 338 118 n/a 9.9 3403 2 n/a 149.9 0 n/a 22700 2 n/a 30.7 21 n/a n/a 11155 18EMC 682.62 16 27 78.8 12.1 18.3 867 44 >999 15.4 5629 17 43 212.4 1 9 26500 17 32 25.8 -1 -4 43 13429 -28Advanced Micro Devices 666.37 22 41 >999.9 19.6 45.4 59 -47 n/a 1.7 3406 17 60 345.4 89 136 9860 -38 -32 67.6 97 105 79 5767 20Medtronic 648.24 17 39 36.2 9.9 13.5 1790 23 34 27.2 6577 12 36 182.7 3 12 36000 9 22 18.0 7 15 n/a 29811 -23Caterpillar 631.41 17 47 27.2 3.0 9.8 2324 23 90 11.2 20719 18 52 243.4 1 26 85116 17 21 7.4 0 22 n/a 28205 28Dow Chemical 625.00 5 4 17.5 2.3 5.8 3575 41 248 13.3 26973 15 44 636.0 17 61 42413 -2 -12 14.7 7 17 62 20010 -28Honeywell 624.42 17 32 40.2 3.9 6.4 1553 23 206 9.6 16107 8 17 138.9 1 11 116000 6 5 5.4 10 25 n/a 18375 -5Lockheed Martin 606.94 8 26 37.5 2.8 5.1 1617 37 137 7.5 21676 5 26 160.6 1 20 135000 4 6 4.5 4 19 n/a 20137 23Qualcomm 588.89 40 92 42.9 17.8 28.0 1373 15 200 41.6 3304 16 56 355.3 -5 24 9300 22 26 63.3 15 53 82 33542 -13Altria 549.28 17 30 5.7 1.0 3.2 9671 9 1 17.0 56998 9 28 286.4 -14 6 199000 28 20 2.8 -9 7 n/a 97513 21Applied Materials 547.83 -5 -10 65.0 13.5 16.3 843 -18 149 20.7 4073 -13 12 323.8 -15 26 12576 3 -13 43.6 -8 2 79 14292 -14Eastman Kodak 519.57 4 12 n/m 6.3 9.6 -365 >-999 -243 -4.4 8311 6 8 162.6 13 37 51100 -7 -23 10.2 12 42 n/a 3335 -23Visteon 468.31 -10 -16 n/m 4.7 8.2 -1091 n/m n/m -11.0 9888 -9 -6 199.5 29 40 49575 -29 -34 9.4 27 27 n/a 652 -133M 464.82 5 7 16.0 3.8 8.2 2897 9 46 23.5 12329 6 20 177.9 2 18 69315 3 1 6.7 2 6 n/a 30424 -6CA 454.92 3 8 482.1 20.5 24.3 94 41 n/a 4.3 2216 8 18 138.5 3 16 16000 5 1 28.4 -2 6 n/a 7244 -21Electronic Arts 441.52 20 57 232.5 25.7 29.9 190 -50 -35 11.0 1719 -6 15 238.7 -20 -27 7200 18 57 61.3 1 0 n/a 8841 -16Xerox 439.77 -1 -15 78.0 4.9 6.1 564 5 179 6.3 8956 -2 -4 162.3 3 14 55200 -5 -17 8.0 5 2 n/a 7692 -1Biogen Idec 435.50 10 175 353.0 30.9 44.0 123 722 n/a 8.7 1411 10 172 422.5 40 93 3340 -22 38 130.4 41 105 n/a 8534 4Agilent Technologies 429.87 -21 -34 174.5 10.6 12.6 246 -6 n/a 6.1 4039 -3 0 192.4 29 58 21000 -25 -37 20.5 5 4 n/a 6994 -6Exxon Mobil 414.73 10 14 1.2 0.2 4.6 33890 40 103 18.3 184879 20 57 1742.5 19 49 106100 1 6 3.9 9 7 n/a 240948 7Symantec 397.32 104 188 249.0 16.5 22.9 160 -67 -36 6.6 2413 60 139 150.8 -35 -23 16000 146 220 24.8 -17 -9 51 10370 -32Boston Scientific 396.09 20 66 69.3 10.8 16.3 571 -37 33 15.6 3660 12 71 184.8 -1 34 19<strong>800</strong> 13 30 20.0 6 29 n/a 13873 3Deere 394.51 11 17 33.1 3.2 5.6 1193 37 142 9.6 12394 20 47 261.5 18 38 47400 2 7 8.3 9 10 n/a 10019 -3Broadcom 378.98 18 10 191.2 24.4 25.9 198 22 n/a 12.7 1556 11 76 362.9 -12 19 4287 27 51 88.4 -8 -29 n/a 7639 11Automatic Data Processing 363.53 7 21 38.6 7.3 9.7 941 12 14 19.0 4951 10 24 112.5 5 15 44000 5 7 8.3 3 13 n/a 15329 1Micron Technology 351.64 -20 -2 298.9 12.4 34.2 118 -25 n/a 4.1 2843 11 39 151.2 6 32 18<strong>800</strong> 5 5 18.7 -24 -7 66 6717 68Google 349.20 52 170 29.7 9.8 23.4 1177 218 420 32.9 3576 92 261 629.5 2 n/a 5680 88 n/a 61.5 -19 n/a 39 66292 41Guidant (now part of Boston Scientific) 348.32 16 29 135.2 16.8 25.6 258 -46 -36 12.5 2068 -6 6 159.1 -13 -4 13000 8 10 26.8 7 17 35 n/l n/lMonsanto 342.50 15 n/a 164.2 9.3 13.8 209 -24 n/a 5.7 3666 15 n/a 222.2 -12 n/a 16500 31 n/a 20.8 -12 n/a n/a 14335 41Yahoo! 342.22 52 168 26.6 11.2 19.0 1287 81 479 42.0 3062 47 206 312.5 14 69 9<strong>800</strong> 29 99 34.9 18 38 n/a 22091 -22Amazon.com 315.12 65 91 107.8 6.4 8.8 292 15 >999 5.9 4945 23 77 412.1 -8 19 12000 33 50 26.3 24 28 n/a 6503 -39Northrop Grumman 313.37 7 30 22.6 1.8 4.4 1385 19 75 7.7 17894 3 42 144.8 4 35 123600 -1 7 2.5 8 22 n/a 13038 14Apple Computer 311.04 9 16 32.7 3.8 5.7 951 408 >999 11.7 8115 68 118 548.3 33 57 14<strong>800</strong> 27 40 21.0 -14 -17 n/a 30004 35Baxter International 310.46 3 7 34.2 5.4 9.9 909 192 59 15.8 5737 4 15 122.1 6 24 47000 -2 -8 6.6 5 16 52 15972 9Schlumberger 294.45 8 -15 15.9 3.5 14.7 1850 65 487 22.2 8335 25 9 138.9 9 29 60000 14 -17 4.9 -5 2 n/a 46367 57Raytheon 292.99 2 -1 30.9 2.3 3.8 947 78 202 7.4 12753 8 22 159.4 7 21 <strong>800</strong>00 1 0 3.7 1 -2 15 11740 12Analog Devices 289.55 -3 7 96.3 20.8 24.4 301 -26 27 21.6 1391 -9 10 158.1 -8 10 8<strong>800</strong> -1 1 32.9 -2 7 n/a 6799 -15Genzyme 281.04 27 56 78.2 17.6 24.7 359 162 >999 22.6 1593 24 69 199.1 9 25 <strong>800</strong>0 14 37 35.1 11 15 n/a 10553 0Dell 269.69 0 29 10.8 0.8 2.1 2501 1 38 7.7 32565 14 42 499.5 -4 -5 65200 18 49 4.1 -15 -14 n/a 29242 -43Agere Systems 269.11 -7 -16 n/m 27.6 35.4 -72 n/m n/m -7.4 976 -12 -15 157.5 -7 6 6200 -6 -23 43.4 -1 7 83 1457 22Corning 258.04 25 -2 35.7 9.7 43.6 723 n/a n/a 27.1 2667 19 12 102.6 13 10 26000 5 4 9.9 19 -5 n/a 16781 1Cadence Design Systems 246.59 9 18 414.7 31.8 37.2 59 10 -10 7.7 774 11 5 154.8 9 8 5000 2 -2 49.3 6 20 52 2631 4Chiron(now part of Novartis, Switzerland) 245.11 2 15 273.2 21.9 32.3 90 120 -25 8.0 1118 11 39 203.3 9 19 5500 2 19 44.6 0 -4 49 n/l n/lJohnson Controls 241.73 -19 -7 32.9 1.5 3.9 736 -3 12 4.6 16006 3 25 140.4 12 28 114000 -7 -2 2.1 -13 -5 n/a 8701 33Forest Laboratories 239.07 40 82 50.1 14.7 16.7 478 -28 0 29.4 1627 -8 18 322.3 -7 7 5050 -2 12 47.3 42 65 n/a 8741 10LSI Logic 231.43 -6 -12 >999.9 20.7 23.2 7 n/a n/a 0.6 1118 13 10 258.7 15 31 4322 -2 -18 53.5 -4 6 n/a 1911 -7Avaya 229.50 13 -8 136.3 8.0 11.0 168 -12 >999 5.9 2855 20 -3 149.5 -6 -6 19100 28 4 12.0 -12 -11 41 2499 -7Allergan 227.75 13 38 67.9 16.9 20.2 336 7 143 24.8 1351 13 34 267.2 13 39 5055 0 -5 45.1 13 42 n/a 9676 34Unisys 226.93 -6 -9 n/m 6.8 8.7 -62 n/m -150 -1.8 3354 -1 -1 92.9 0 2 36100 -1 -3 6.3 -5 -6 n/a 1011 -20MedImmune 224.02 18 116 n/m 30.9 38.3 -26 n/m n/m -3.6 725 9 37 327.1 -10 -10 2215 22 51 101.1 -3 49 n/a 3642 -9Danaher 220.76 29 91 30.0 4.7 6.3 737 14 68 15.8 4651 16 55 116.3 1 15 40000 14 37 5.5 13 43 n/a 11544 14St Jude Medical 215.07 31 66 60.3 12.7 18.1 356 15 54 21.0 1698 27 63 169.8 0 10 10000 27 49 21.5 3 13 41 7085 -26Adobe Systems 212.80 17 38 50.2 18.6 21.1 424 23 90 37.0 1145 18 47 199.7 -35 -17 5734 82 76 37.1 -36 -22 n/a 10974 43eBay 212.77 30 124 25.3 9.8 18.8 840 36 167 38.6 2175 41 120 187.5 -2 -1 11600 43 128 18.3 -10 1 n/a 19844 -39Goodyear 212.61 -3 -2 36.6 1.9 5.1 581 29 496 5.1 11488 7 28 143.6 13 43 <strong>800</strong>00 -5 -11 2.7 1 10 n/a 1143 -37130 <strong>The</strong> <strong>2006</strong> R&D Scoreboard<strong>The</strong> <strong>2006</strong> R&D Scoreboard 131
Ranking of the <strong>top</strong> <strong>1250</strong> global <strong>companies</strong> <strong>by</strong> R&D <strong>investment</strong> <strong>by</strong> country within region–––––––––––––––––– 2005/06 R&D <strong>investment</strong> –––––––––––––––––– ——–—–– Operating profit ——–—–– ––––––––––––––––– Sales and employees ––––––––––––––––– ————––—–––—— R&D and employees ——–—––——––––—–––––––––– Sales –––––––––– ––––– Sales / employee ––––– ––––––––– Employees ––––––––– ––––– R&D / employee ––––– Sales––––– Growth ––––– operating R&D + ––––– Growth ––––– ––––– Growth ––––– –––––– Growth ––––– ––––– Growth ––––– –––––– Growth ––––– outside –––Market cap –––change change profit sales capex as change change sales change change change change change change change change region changeCompany £m 1 yr % 4 yr % % % % sales £m 1 yr % 4 yr % % £m 1 yr % 4 yr % £000 1 yr % 4 yr % number 1 yr % 4 yr % £000 1 yr % 4 yr % % £m %1.5 USA continuedJuniper Networks 207.02 49 94 79.5 17.2 22.0 260 128 >999 21.7 1202 54 138 290.0 10 0 4145 41 128 49.9 6 -19 n/a 4350 -44Cephalon 206.68 30 116 n/m 29.3 39.0 -129 >-999 -523 -18.2 706 19 94 243.8 -10 9 2895 33 86 71.4 -3 21 n/a 2319 73Nvidia 205.09 5 43 103.7 14.8 18.2 198 199 129 14.3 1384 18 34 505.6 -9 -22 2737 30 67 74.9 -19 -13 86 4994 69General Dynamics 200.37 5 29 15.5 1.6 2.9 1292 13 38 10.4 12374 11 38 171.4 8 16 72200 3 19 2.8 2 9 13 15835 18Tellabs 200.37 37 6 186.1 18.3 21.5 108 n/a n/a 9.8 1097 53 32 304.0 75 81 3609 -13 -27 55.5 57 41 26 2406 -1Kla-Tencor 198.20 21 14 58.5 16.3 19.2 339 99 181 27.9 1215 39 27 220.8 32 29 5500 6 -1 36.0 15 15 76 4926 -11Whirlpool 197.46 8 18 46.6 2.4 5.8 424 -2 78 5.1 8339 8 22 126.4 12 23 66000 -3 0 3.0 11 18 n/a 3606 10Intuit 196.06 -3 30 63.5 16.5 18.4 309 26 128 26.0 1187 9 33 169.6 4 24 7000 4 8 28.0 -7 21 n/a 6106 24Lexmark 195.95 8 25 63.8 6.4 10.3 307 -28 -2 10.1 3041 -2 12 223.6 -3 3 13600 1 9 14.4 6 15 55 3281 -23National Semiconductor 193.97 -6 -20 84.5 17.4 22.5 229 23 297 20.6 1114 -4 5 131.1 10 24 8500 -12 -15 22.8 8 -6 n/a 4711 -1Applera 192.65 -12 -6 229.2 17.9 23.0 84 23 220 7.8 1075 1 6 218.0 10 20 4930 -8 -12 39.1 -5 6 55 3416 43Maxim Integrated Products 191.15 7 16 42.0 19.6 27.6 455 29 70 46.7 974 16 29 122.0 11 6 7980 5 22 24.0 2 -5 74 5507 -32Xilinx 189.96 6 33 79.4 18.9 22.8 239 11 163 23.8 1006 10 34 305.2 2 13 3295 8 19 57.7 -2 12 59 4060 -26Textron 189.89 6 15 51.7 3.2 6.9 367 -18 0 6.3 5850 -2 -7 127.2 -6 -5 46000 5 -2 4.1 2 17 33 6820 18Synopsys 186.39 11 29 n/m 32.3 36.7 -9 -118 -185 -1.6 578 -9 3 121.5 -16 -12 4756 9 17 39.2 2 10 n/a 1504 4Kimberly-Clark 186.10 14 12 14.2 2.0 6.5 1314 -11 -7 14.2 9263 5 11 162.5 11 21 57000 -5 -9 3.3 20 22 n/a 16330 -7NCR 185.81 -2 5 82.9 5.3 6.5 224 56 479 6.4 3511 1 4 124.5 2 10 28200 -1 -5 6.6 -1 10 56 3444 -11Millennium Pharmaceuticals 185.64 20 25 n/m 57.1 59.3 -126 n/m n/m -38.8 325 25 51 284.8 61 121 1142 -23 -35 162.6 55 85 n/a 1880 4Chevron 184.06 31 39 1.2 0.2 5.2 15013 21 115 14.9 100687 32 70 1706.6 6 47 59000 25 14 3.1 5 21 n/a 83860 11PPG Industries 179.99 2 8 30.4 3.0 5.9 591 -11 36 10.0 5942 7 18 192.9 11 28 30<strong>800</strong> -3 -8 5.8 5 16 n/a 6022 -7Emerson Electric 176.49 -38 -43 13.0 1.8 4.7 1358 15 44 13.5 10080 11 18 88.3 5 16 114200 6 1 1.5 -41 -44 47 19173 15Autodesk 175.68 26 53 81.4 19.8 21.1 216 55 210 24.3 887 23 54 184.3 -11 13 4813 38 36 36.5 -9 12 n/a 4554 -7Maxtor(now part of Seagate Technology, Cayman Islands) 170.99 -9 -22 n/m 7.5 11.7 -11 n/m n/m -0.5 2266 2 1 150.2 -7 -19 15085 10 22 11.3 -18 -38 69 n/l n/lEaton 167.17 10 25 26.4 2.6 5.8 633 26 73 9.8 6474 13 37 109.7 6 20 59000 7 15 2.8 2 10 n/a 5705 -2McKesson 165.42 23 8 24.4 0.3 0.5 677 n/a 87 1.3 51287 9 37 1942.7 4 28 26400 5 7 6.3 17 0 7 8952 6Stryker 162.98 33 66 28.0 5.7 11.3 581 38 66 20.5 2838 14 44 164.4 5 21 17265 9 20 9.4 22 39 n/a 10955 -11Cummins 161.93 15 32 31.5 2.8 4.7 514 61 335 8.9 5777 18 51 172.4 -1 14 33500 19 33 4.8 -3 0 44 3226 37Gilead Sciences 161.77 24 57 25.0 13.7 16.1 646 76 661 54.7 1182 53 180 621.8 33 112 1900 15 43 85.1 8 7 51 16451 46Atmel 161.12 12 9 n/m 16.5 26.6 -36 -234 n/m -3.7 976 2 19 120.8 11 20 8080 -8 0 19.9 22 9 86 1389 128Dana 160.18 2 3 n/m 2.8 5.8 -299 -472 -489 -5.2 5736 8 6 130.4 13 45 44000 -4 -28 3.6 7 39 n/a 217 -84Cerner 159.59 19 63 194.2 23.6 32.3 82 24 159 12.2 676 25 53 99.0 -2 10 6830 28 41 23.4 -7 17 n/a 1899 11Rohm & Haas 159.02 3 10 27.9 3.4 7.6 571 15 114 12.3 4656 10 27 281.9 11 34 16519 -1 -5 9.6 4 16 52 5880 -3Becton Dickinson 158.22 15 10 26.1 5.0 10.9 606 58 56 19.2 3154 10 26 123.3 7 23 25571 2 2 6.2 13 8 52 9471 20BMC Software 156.86 -5 -45 209.6 18.0 19.6 75 454 n/a 8.6 873 2 9 140.8 14 17 6200 -10 -7 25.3 6 -41 n/a 2826 9Conexant Systems 156.10 12 -11 n/m 37.1 40.1 -85 n/m n/m -20.3 421 -20 -9 175.4 -20 1 2400 0 -27 65.0 12 9 90 479 1Goodrich 155.46 7 34 53.2 4.9 8.9 292 41 44 9.3 3148 14 26 139.3 8 23 22600 6 2 6.9 1 30 43 3239 -7UTStarcom 147.45 13 91 n/m 8.6 10.8 -225 -703 -388 -13.2 1706 8 87 270.8 41 41 6300 -23 11 23.4 47 46 55 491 -13Novellus Systems 144.06 -2 2 181.9 18.5 21.8 79 -37 119 10.1 781 -1 20 219.9 -2 10 3550 1 10 40.6 -3 -8 n/a 1883 -14Colgate-Palmolive 143.47 7 21 11.9 2.2 5.6 1204 -1 0 18.1 6638 8 16 185.4 8 21 35<strong>800</strong> -1 -4 4.0 8 25 n/a 17513 10SunGard Data Systems † 142.59 -4 21 56.7 6.3 11.6 252 -45 -26 11.0 2280 13 45 152.0 -2 -2 15000 15 48 9.5 -16 -18 24 n/l n/lNetwork Appliance 141.54 42 83 78.4 11.8 18.2 181 23 158 15.0 1204 29 85 241.9 -1 6 4976 31 77 28.4 8 2 46 6558 32Rockwell Collins 141.54 11 6 43.9 7.1 10.3 322 27 44 16.1 2007 18 30 117.3 9 13 17100 8 15 8.3 3 -8 27 5296 5Halliburton 140.38 -4 0 9.8 1.1 4.2 1429 n/a n/a 11.7 12229 3 35 115.4 -6 17 106000 9 16 1.3 -12 -14 n/a 20247 16Comverse Technology 140.29 7 -7 529.5 25.1 29.9 26 n/a 74 4.7 559 25 -4 110.7 16 3 5050 8 -6 27.8 -1 -2 n/a 2280 -24Western Digital 138.92 19 65 121.1 6.6 13.0 115 27 149 5.4 2120 19 47 91.5 -10 -29 23161 33 100 6.0 -11 -20 65 2205 22Cypress Semiconductor 132.08 -13 -15 n/m 25.6 42.1 -55 >-999 n/m -10.6 516 -7 5 101.2 -18 -14 5100 13 22 25.9 -24 -30 n/a 1249 7Teradyne 129.90 -15 -19 219.3 20.7 31.3 59 -46 n/a 9.5 626 -40 -26 156.6 -7 26 4000 -35 -43 32.5 32 40 78 1520 -11Harman International Industries 129.66 3 59 64.4 7.3 13.0 201 41 137 11.4 1765 12 43 162.8 9 40 10845 2 2 12.0 0 56 n/a 3168 -2Take-Two Interactive Software 128.29 50 363 550.9 18.3 20.7 23 -58 -57 3.3 700 7 41 349.9 -24 n/a 2002 40 n/a 64.1 7 n/a 32 455 -56Mentor Graphics 123.88 5 23 >999.9 30.2 33.8 12 -48 18 2.9 411 -1 9 102.7 -4 -4 4000 4 14 31.0 1 9 n/a 655 77Altera 122.18 16 18 65.1 18.7 21.0 188 2 131 28.7 655 11 32 277.2 1 13 2361 9 18 51.8 7 0 76 3648 -23Human Genome Sciences 122.09 -3 14 n/m >999.9 >999.9 -147 n/m n/m >-999.9 11 399 169 12.7 376 211 880 5 -13 138.7 -7 28 n/a 721 -29Gillette (now part of Procter & Gamble) 121.74 3 11 8.6 2.0 7.9 1410 20 41 23.1 6103 13 17 212.6 16 28 28700 -2 -9 4.2 6 21 65 n/l n/lBeckman Coulter 121.68 4 9 109.2 8.5 18.5 111 -43 -32 7.8 1423 1 13 196.6 2 42 7239 -1 -22 16.8 5 37 n/a 1869 -4Navistar International 120.57 -4 -5 47.3 2.2 4.6 255 381 n/a 4.6 5515 29 30 372.6 24 40 14<strong>800</strong> 4 -8 8.1 -8 2 n/a 942 -31TRW Automotive 118.24 17 n/a 34.6 1.6 5.6 341 40 n/a 4.6 7364 5 n/a 116.7 0 n/a 63100 5 n/a 1.9 11 n/a n/a 1634 -3Novell 116.86 1 8 46.9 16.8 19.3 249 762 n/a 35.7 698 3 8 137.7 25 34 5066 -18 -20 23.1 23 35 n/a 1236 -6Storage Technology(now part of Sun Microsystems) 114.58 -4 -15 88.6 8.8 11.3 129 15 100 10.0 1295 2 7 182.5 2 11 7100 0 -4 16.1 -4 -11 n/a n/l n/lHarley-Davidson 113.88 5 33 13.3 3.5 7.1 853 8 46 26.5 3223 4 22 358.1 3 21 9000 1 2 12.7 4 32 16 8735 5SanDisk 113.47 56 135 33.5 8.4 14.3 339 40 872 25.2 1343 30 145 1240.3 5 70 1083 24 55 104.8 26 55 54 5421 41Lam Research 113.07 14 5 50.5 12.9 14.4 224 265 n/a 25.6 875 61 45 397.8 61 66 2200 0 -12 51.4 14 19 84 3236 40AlCoA 113.00 7 -2 8.7 0.7 8.9 1298 0 25 8.5 15237 11 19 118.1 3 14 129000 8 4 0.9 -2 -6 n/a 14774 -2Dover 111.95 2 11 25.5 3.2 5.7 439 23 107 12.4 3541 11 31 111.9 -2 9 31650 13 20 3.5 -9 -7 43 5632 16132 <strong>The</strong> <strong>2006</strong> R&D Scoreboard<strong>The</strong> <strong>2006</strong> R&D Scoreboard 133
Ranking of the <strong>top</strong> <strong>1250</strong> global <strong>companies</strong> <strong>by</strong> R&D <strong>investment</strong> <strong>by</strong> country within region–––––––––––––––––– 2005/06 R&D <strong>investment</strong> –––––––––––––––––– ——–—–– Operating profit ——–—–– ––––––––––––––––– Sales and employees ––––––––––––––––– ————––—–––—— R&D and employees ——–—––——––––—–––––––––– Sales –––––––––– ––––– Sales / employee ––––– ––––––––– Employees ––––––––– ––––– R&D / employee ––––– Sales––––– Growth ––––– operating R&D + ––––– Growth ––––– ––––– Growth ––––– –––––– Growth ––––– ––––– Growth ––––– –––––– Growth ––––– outside –––Market cap –––change change profit sales capex as change change sales change change change change change change change change region changeCompany £m 1 yr % 4 yr % % % % sales £m 1 yr % 4 yr % % £m 1 yr % 4 yr % £000 1 yr % 4 yr % number 1 yr % 4 yr % £000 1 yr % 4 yr % % £m %1.5 USA continuedBaker Hughes 109.62 7 17 14.0 2.6 9.3 781 56 120 18.7 4185 18 32 143.8 9 21 29100 8 9 3.8 -2 7 58 14911 28Scientific-Atlanta(now part of Cisco Systems) 107.84 11 17 62.9 9.7 13.6 171 1 14 15.4 1113 12 4 145.5 10 -3 7652 2 8 14.1 9 8 n/a n/l n/lBEA Systems 106.16 24 35 87.0 15.2 16.9 122 6 80 17.5 699 11 20 180.2 -4 -2 3878 16 23 27.4 8 10 n/a 2523 19Mattel 106.01 6 8 26.2 3.5 6.2 404 -8 7 13.4 3017 1 5 116.0 -2 3 26000 4 2 4.1 2 6 48 3961 -5Kellogg 105.43 22 47 10.5 1.8 5.5 1005 3 17 17.0 5928 6 14 231.6 3 14 25600 2 0 4.1 19 47 38 11061 1International Flavors & Fragrances 104.74 3 17 66.6 9.0 13.7 157 -11 -6 13.6 1161 -2 5 225.0 -1 13 5160 -1 -8 20.3 4 26 n/a 1980 -3ITT Industries 103.45 14 44 36.6 2.4 4.8 283 -20 -7 6.5 4326 10 35 105.8 18 32 40900 -7 3 2.5 22 41 39 5456 -6McAfee 102.72 2 8 111.6 17.9 20.8 92 -72 -5 16.0 575 8 6 174.8 -3 13 3290 12 -7 31.2 -8 14 41 1931 -31Zimmer 102.23 5 49 16.6 5.3 13.1 615 38 90 32.1 1914 10 58 285.7 9 31 6700 2 20 15.3 4 23 n/a 9299 -20ArvinMeritor 101.93 12 18 126.8 1.8 3.3 80 42 -39 1.4 5718 22 33 197.2 31 47 29000 -6 -9 3.5 20 30 n/a 680 -17Lear 101.35 -12 -6 n/m 1.0 4.3 -581 -237 -282 -5.8 9954 1 13 86.6 -4 10 115000 5 2 0.9 -16 -8 n/a 923 -41General Mills 100.77 3 14 8.8 1.5 4.6 1147 -15 6 16.9 6780 4 14 241.3 2 14 28100 1 0 3.6 2 14 n/a 10762 6Sybase 100.72 11 13 141.8 21.1 23.1 71 34 589 14.9 477 4 -1 128.4 0 4 3715 4 -6 27.1 6 19 n/a 1114 0Protein Design Labs (now PDL Biopharma) 100.21 40 118 n/m 61.5 76.3 -96 n/m n/m -59.1 163 191 341 166.7 97 126 977 48 98 102.6 -5 12 10 1163 -28Pitney Bowes 100.07 6 18 16.0 3.1 8.4 626 24 22 19.6 3199 11 22 126.4 54 60 25319 -28 -24 4.0 48 55 n/a 5438 -9RF Micro Devices 98.36 8 47 842.4 21.9 30.5 12 n/a n/a 2.6 449 21 42 149.0 4 -11 3011 17 59 32.7 -8 -7 n/a 671 6Tektronix 95.22 25 29 154.0 15.8 18.9 62 -29 20 10.3 603 12 9 139.1 -1 9 4334 13 1 22.0 11 28 62 1318 14Bausch & Lomb 94.65 8 25 58.1 7.3 12.6 163 19 58 12.5 1300 11 22 104.9 3 16 12400 7 5 7.6 1 18 n/a 1465 -42Eastman Chemical 94.36 -4 -6 17.5 2.3 7.2 538 416 >999 13.1 4112 7 22 342.6 7 46 12000 0 -18 7.9 -4 13 n/a 2436 -5BorgWarner 93.78 31 42 46.6 3.8 9.5 201 1 76 8.0 2501 22 47 143.7 1 18 17400 20 25 5.4 9 14 n/a 1994 4Compuware 92.51 -8 3 102.0 13.2 14.4 91 47 >999 12.9 702 -2 -14 93.5 3 4 7510 -5 -17 12.3 -3 21 34 1510 -19<strong>The</strong>rmo Electron 88.99 13 1 57.5 5.8 7.5 155 8 32 10.1 1534 19 23 133.4 3 16 11500 16 6 7.7 -2 -5 n/a 3461 26Skyworks Solutions 88.66 0 11 273.8 19.2 24.0 32 25 n/a 7.0 462 1 50 115.4 6 28 4000 -5 0 22.2 5 4 92 415 -33Hasbro 87.71 -4 4 44.1 4.9 7.2 199 17 85 11.1 1798 3 5 304.8 5 23 5900 -2 -16 14.9 -3 22 40 1886 -13Celgene 87.08 6 64 195.0 27.8 34.5 45 79 n/a 14.3 313 42 139 331.3 15 61 944 23 57 92.2 -14 10 n/a 9296 103Brunswick 84.29 10 29 29.2 2.4 6.4 289 17 93 8.4 3450 13 44 125.5 5 19 27500 7 21 3.1 3 7 n/a 1629 -36Sepracor 84.17 -10 -32 >999.9 17.6 19.3 1 n/a n/a 0.1 478 116 194 232.2 78 55 2059 21 86 40.9 -25 -68 0 3148 -6Dade Behring 82.42 6 34 69.8 8.5 17.5 118 10 -69 12.2 966 6 21 153.3 1 n/a 6300 5 n/a 13.1 1 n/a 54 2063 8Exelixis 82.21 2 23 n/m 185.8 204.7 -55 n/m n/m -123.7 44 44 60 80.4 35 60 550 6 0 149.5 -4 23 n/a 438 22Hospira 80.87 16 n/a 41.4 5.6 16.1 195 -22 n/a 13.6 1431 -7 n/a 110.1 0 n/a 13000 -7 n/a 6.2 25 n/a n/a 3977 11Rockwell Automation 80.73 14 0 17.4 2.8 5.3 465 43 109 16.0 2914 13 20 138.8 13 25 21000 0 -4 3.8 14 5 n/a 6410 16International Game Technology 80.62 7 51 20.9 5.8 15.0 385 -27 6 27.8 1386 -4 24 277.2 -6 26 5000 2 -2 16.1 5 52 n/a 7468 39Harris 79.97 23 28 43.1 4.6 7.1 186 66 209 10.6 1748 19 42 138.7 3 16 12600 16 23 6.3 7 4 n/a 3474 22Ciena 79.94 -33 -40 n/m 32.1 34.8 -257 n/m n/m -103.3 249 43 -33 166.2 58 23 1497 -9 -36 53.4 -26 -14 n/a 1246 77Ivax(now part of Teva Pharmaceutical Industries, Israel) 79.33 -4 32 51.2 6.0 9.4 155 -2 5 11.8 1317 23 59 n/a n/a n/a n/a n/a n/a n/a n/a n/a 48 n/l n/lPalm 79.19 51 32 129.1 8.6 9.8 61 36 n/a 6.7 919 24 53 833.6 2 26 1103 22 17 71.8 24 14 24 865 -3Medarex 79.13 11 60 n/m 264.0 282.1 -94 n/m n/m -312.1 30 312 95 65.0 289 54 461 6 16 171.6 5 42 n/a 677 4Black & Decker 77.94 13 29 15.5 2.1 3.8 504 37 107 13.3 3<strong>800</strong> 21 40 139.7 16 20 27200 4 17 2.9 9 11 29 3117 -24Lubrizol 77.94 24 40 35.9 3.3 6.6 217 75 111 9.1 2388 30 82 318.3 35 37 7500 -4 33 10.4 28 2 51 1746 4Molex 77.82 12 11 70.3 5.2 14.3 111 -12 10 7.5 1485 13 25 53.9 -13 -19 27525 30 53 2.8 -13 -28 n/a 3372 19Air Products and Chemicals 77.30 5 8 12.3 1.6 13.0 629 12 27 13.3 4743 10 31 234.8 8 20 20200 2 10 3.8 3 -2 n/a 8332 5Federal-Mogul 77.30 -3 9 n/m 2.1 5.1 -49 n/m n/m -1.3 3661 2 11 87.8 9 24 41700 -7 -10 1.9 4 21 n/a 19 -25Activision 76.76 52 87 733.8 9.0 11.0 10 -90 -85 1.2 855 4 47 397.9 -16 -9 2149 24 62 35.7 22 17 n/a 2072 -11Linear Technology 76.56 26 39 22.3 12.5 18.4 343 35 57 56.2 611 30 45 190.1 23 32 3217 5 11 23.8 19 25 n/a 5644 -16Brocade Communications 76.27 -12 -3 325.4 22.8 27.6 23 n/a n/a 7.0 334 -4 5 288.3 -14 4 1160 12 -1 65.7 -22 -3 35 992 54DST Systems 76.19 -44 -31 27.9 5.2 10.7 273 24 32 18.6 1465 4 13 139.5 8 22 10500 -5 -7 7.3 -41 -26 7 2301 -6Parker Hannifin 76.06 38 27 15.7 1.6 3.5 486 48 84 10.1 4817 16 29 95.1 11 21 50638 5 7 1.5 32 19 n/a 5221 13Barr Pharmaceuticals 74.78 -24 32 40.1 12.3 17.5 186 67 46 30.5 610 -20 7 330.3 -35 -35 1847 23 65 40.5 -38 -18 n/a 3207 12Illinois Tool Works 74.48 4 18 5.7 1.0 3.3 1315 10 44 17.5 7527 10 28 150.5 8 25 50000 2 1 1.5 1 16 n/a 15388 7Integrated Device Technology 74.32 23 11 n/m 24.2 28.9 -56 >-999 n/m -18.3 307 35 45 113.9 48 72 2700 -9 -16 27.5 35 32 74 1807 166SEI Investments 73.80 33 88 42.9 16.4 16.4 172 15 32 38.2 450 12 19 217.2 9 11 2073 2 7 35.6 31 76 n/a 2860 30<strong>The</strong>ravance 73.54 53 76 n/m >999.9 >999.9 -87 n/m n/m >-999.9 7 35 185 26.0 23 n/a 270 10 n/a 272.4 39 n/a n/a 832 31OSI Pharmaceuticals 73.37 14 51 n/m 72.3 87.6 -96 n/m n/m -94.9 101 307 466 154.9 181 279 655 45 50 112.0 -21 3 n/a 1137 -3Tekelec 73.20 28 66 n/m 23.4 29.0 -26 -338 -317 -8.2 313 35 74 177.8 15 10 1759 17 56 41.6 9 6 24 401 -45Watson Pharmaceuticals 72.96 -2 34 58.4 7.6 12.4 125 -14 -20 13.0 959 0 20 249.4 1 17 3844 0 3 19.0 -2 32 n/a 1466 -31ConocoPhillips 72.81 -1 20 0.5 0.1 7.3 13967 61 230 14.9 94037 36 128 2641.5 36 154 35600 -1 -16 2.0 0 40 n/a 65768 22Kos Pharmaceuticals 71.78 11 107 68.2 16.4 18.2 105 55 317 24.1 438 51 185 321.7 17 86 1361 29 66 52.7 -14 31 n/a 1144 -41Time Warner 71.65 -8 -4 2.3 0.3 7.7 3108 -19 n/a 12.2 25426 4 9 289.4 0 6 87850 3 2 0.8 -11 -6 20 39229 -20Applied Micro Circuits 71.10 -5 -17 n/m 48.1 58.9 -83 n/m n/m -56.4 148 93 24 195.8 85 66 755 4 -22 94.2 -9 1 44 432 -10AGCO 70.89 17 73 46.3 2.2 3.9 153 -18 61 4.8 3174 3 53 244.2 14 45 13000 -9 7 5.5 29 63 72 1345 22PMC-Sierra 69.15 -1 -18 549.2 40.7 42.5 13 -43 n/a 7.4 170 -2 7 194.0 7 25 875 -8 -15 79.0 7 -3 60 593 -35Abgenix (now part of Amgen) 69.12 11 31 n/m 646.9 684.1 -120 n/m n/m >-999.9 11 3 -17 24.3 23 -28 440 -16 8 157.1 32 22 n/a n/l n/lParametric Technology 68.89 10 -10 140.1 16.4 18.5 49 152 n/a 11.7 420 9 -4 111.9 -11 -5 3751 23 1 18.4 -11 -11 62 955 -5134 <strong>The</strong> <strong>2006</strong> R&D Scoreboard<strong>The</strong> <strong>2006</strong> R&D Scoreboard 135
Ranking of the <strong>top</strong> <strong>1250</strong> global <strong>companies</strong> <strong>by</strong> R&D <strong>investment</strong> <strong>by</strong> country within region–––––––––––––––––– 2005/06 R&D <strong>investment</strong> –––––––––––––––––– ——–—–– Operating profit ——–—–– ––––––––––––––––– Sales and employees ––––––––––––––––– ————––—–––—— R&D and employees ——–—––——––––—–––––––––– Sales –––––––––– ––––– Sales / employee ––––– ––––––––– Employees ––––––––– ––––– R&D / employee ––––– Sales––––– Growth ––––– operating R&D + ––––– Growth ––––– ––––– Growth ––––– –––––– Growth ––––– ––––– Growth ––––– –––––– Growth ––––– outside –––Market cap –––change change profit sales capex as change change sales change change change change change change change change region changeCompany £m 1 yr % 4 yr % % % % sales £m 1 yr % 4 yr % % £m 1 yr % 4 yr % £000 1 yr % 4 yr % number 1 yr % 4 yr % £000 1 yr % 4 yr % % £m %1.5 USA continuedIntersil 68.88 5 7 119.4 19.7 23.7 58 505 117 16.5 350 12 10 261.7 24 46 1336 -10 -26 51.6 17 42 n/a 1885 11Paccar 68.62 14 50 6.8 0.9 7.1 1006 5 83 12.7 7935 20 66 362.4 12 33 21900 7 26 3.1 7 20 51 8035 13Cardinal Health 68.27 107 102 6.9 0.2 0.9 985 -26 -12 2.3 43636 15 44 793.4 15 34 55000 0 8 1.2 108 87 n/a 1294 -91Bio-Rad Laboratories 67.05 6 27 114.5 9.7 12.8 59 -16 -18 8.5 688 8 24 132.3 8 13 5200 0 10 12.9 6 16 64 1053 22CR Bard 66.75 3 46 25.8 6.5 12.0 259 21 73 25.1 1032 7 28 115.9 3 16 8900 3 10 7.5 -1 34 31 4289 7American Standard Companies 66.40 -19 -21 13.7 1.1 4.0 486 78 37 8.1 5979 8 23 97.7 8 22 61200 0 1 1.1 -18 -22 44 4645 -16Valeant Pharmaceuticals 66.26 23 109 n/m 13.7 19.2 -63 n/m n/m -13.0 484 22 12 128.6 39 97 3767 -13 -53 17.6 41 214 n/a 1001 -6Certegy(now Fidelity National Information) 66.11 53 n/a 58.4 9.7 15.1 113 10 22 16.5 684 13 17 35.4 n/a n/a 19323 n/a n/a 3.4 n/a n/a 22 4018 n/aMcData 65.84 24 57 n/m 18.4 20.5 -18 n/m n/m -5.0 358 54 65 247.3 7 9 1447 44 52 45.5 -14 4 42 281 -35Expedia 65.40 32 n/a 30.7 5.3 7.8 213 58 n/a 17.2 1235 15 n/a 189.9 n/a n/a 6500 n/a n/a 10.1 n/a n/a n/a 2983 n/aAvid Technology 64.85 17 28 297.2 14.4 16.6 22 -45 100 4.8 452 32 62 172.9 1 4 2613 30 56 24.8 -10 -19 n/a 899 9Electronics For Imaging 63.80 -1 11 n/m 23.4 24.7 -8 -192 -143 -2.8 273 19 14 158.4 -2 -27 1723 21 48 37.0 -19 -28 n/a 718 10CV <strong>The</strong>rapeutics 63.78 5 31 n/m 577.8 625.1 -131 n/m n/m >-999.9 11 -7 73 17.6 -61 -32 627 137 163 101.7 -55 -51 n/a 302 -55Midway Games 63.34 46 120 n/m 72.5 76.7 -63 n/m n/m -72.2 87 -7 -2 106.6 -21 -31 820 17 41 77.2 25 61 n/a 492 n/aCitrix Systems 63.31 26 51 53.2 12.0 14.9 119 26 48 22.5 529 23 48 166.9 3 -6 3171 19 57 20.0 5 -5 n/a 3218 38Vertex Pharmaceuticals 63.05 1 -1 n/m 67.3 77.8 -115 n/m n/m -123.1 94 57 29 115.3 42 39 813 10 -5 77.6 -8 0 n/a 2071 119Engelhard (now part of BASF, Germany) 63.02 8 18 33.5 2.4 5.4 188 4 4 7.0 2678 10 10 377.1 1 1 7100 9 9 8.9 -1 9 n/a n/l n/lAndrew 62.82 -2 44 145.2 5.5 8.9 43 5 91 3.8 1142 7 65 118.4 -13 7 9649 23 54 6.5 -20 -5 n/a 733 -30Quantum 62.56 11 -2 n/m 12.9 15.3 -24 n/m n/m -5.0 486 5 -6 209.5 13 -7 2320 -7 -2 27.0 20 -3 33 221 -27Weatherford International 62.54 28 47 18.5 2.5 14.6 338 43 97 13.3 2536 39 68 101.0 2 9 25100 36 54 2.5 -6 -4 45 9543 79Symbol Technologies 61.34 -16 14 259.8 6.0 10.0 24 -71 635 2.3 1028 2 15 197.8 6 20 5200 -4 -3 11.8 -13 18 n/a 1549 23International Rectifier 61.09 14 35 56.6 8.9 20.4 108 54 392 15.8 684 11 30 114.0 7 25 6000 3 4 10.2 10 30 n/a 1454 -10NPS Pharmaceuticals 60.94 -19 14 n/m 815.8 919.9 -90 n/m n/m >-999.9 7 -10 40 21.0 -10 -9 355 0 48 171.7 -19 -23 n/a 100 -56Hyperion Solutions 60.64 8 28 109.8 14.8 18.3 55 38 331 13.5 409 13 31 158.3 8 18 2586 5 11 23.5 3 16 100 1075 4Regeneron Pharmaceuticals 60.07 n/m 46 n/m 155.8 163.3 -55 -294 n/m -141.7 39 -62 -4 65.6 -53 14 588 -19 -11 102.2 n/m 59 n/a 446 n/aNewell Rubbermaid 60.00 -3 7 23.3 1.6 3.1 257 348 129 7.0 3694 -6 -12 132.4 5 28 27900 -10 -33 2.2 8 51 n/a 4297 8SSA <strong>Global</strong> Technologies(now part of Infor <strong>Global</strong> Solutions) 59.88 8 n/a 149.2 14.4 16.0 40 39 n/a 9.7 415 12 n/a 118.1 n/a n/a 3510 n/a n/a 17.1 n/a n/a n/a n/l n/lMylan Laboratories 59.45 16 22 33.4 8.1 16.4 178 -2 -26 24.3 732 0 1 252.5 4 -10 2900 -3 11 20.5 20 10 n/a 2826 24Vitesse Semiconductor 59.09 -7 -23 n/m 53.2 94.7 -73 n/m n/m -65.3 111 -13 -17 154.3 -6 12 720 -7 -24 82.1 1 0 n/a 94 -65National Instruments 58.97 13 37 129.0 17.7 20.4 46 29 63 13.7 333 11 33 87.4 1 9 3812 10 23 15.5 2 12 n/a 1279 1Silicon Laboratories 58.96 35 120 175.5 23.8 28.6 34 -47 51 13.5 248 -7 64 380.9 -16 18 651 11 52 90.6 22 49 n/a 1140 28Invitrogen 57.84 36 99 73.3 8.3 14.3 79 0 270 11.3 698 17 56 145.4 -7 0 4<strong>800</strong> 26 57 12.1 8 30 n/a 1757 -34Edwards Lifesciences 57.67 14 41 89.8 9.9 14.8 64 150 97 11.0 581 7 25 107.6 3 16 5400 4 8 10.7 10 32 n/a 1535 0Macromedia (now part of Adobe Systems) 57.32 8 -3 173.2 22.6 39.5 33 17 n/a 13.0 254 18 23 175.8 -1 9 1445 19 10 39.7 -9 -14 46 n/l n/lNeurocrine Biosciences 56.76 11 21 n/m 78.7 84.5 -15 n/m n/m -20.2 72 46 75 122.7 -4 -5 588 53 93 96.5 -27 -38 n/a 196 n/aReynolds and Reynolds 55.92 3 6 251.0 9.9 12.9 22 -75 -76 3.9 564 -1 -3 131.6 1 3 4289 -2 -6 13.0 5 13 n/a 1578 50Incyte 55.70 8 -33 n/m >999.9 >999.9 -58 n/m n/m >-999.9 5 -45 -92 25.8 -42 -77 177 -5 -59 314.7 14 54 n/a 213 -39Huntsman 55.63 15 66 11.7 0.7 3.3 477 209 320 6.3 7564 13 84 700.4 18 n/a 10<strong>800</strong> -4 n/a 5.2 20 n/a n/a 2265 -20Lattice Semiconductor 55.58 5 14 n/m 45.2 50.6 -33 n/m n/m -27.2 123 -7 -12 135.2 4 0 909 -10 -12 61.1 16 29 n/a 380 30Verisign 55.53 42 53 39.4 5.7 14.2 141 88 n/a 14.6 968 42 50 237.4 12 11 4076 27 34 13.6 11 14 n/a 2510 -30Campbell Soup 55.34 2 18 7.9 1.3 5.7 705 10 11 16.0 4397 6 14 183.2 6 16 24000 0 -2 2.3 2 21 n/a 8806 21Openwave Systems 55.33 2 -39 n/m 24.8 28.0 -31 n/m n/m -14.0 223 32 -17 164.6 23 10 1358 7 -20 40.7 -5 -21 55 369 -45Microchip Technology 55.29 2 9 28.9 10.2 18.5 191 26 98 35.4 540 10 34 124.6 0 9 4336 10 24 12.8 -7 -12 n/a 3996 73Com 55.09 -1 -63 n/m 14.5 17.8 -124 n/m n/m -32.8 379 -7 -56 205.0 -3 7 1850 -4 -59 29.8 3 -3 58 1074 40USEC 55.04 62 156 141.5 6.1 7.7 39 -9 67 4.3 908 10 9 328.8 14 11 2762 -4 -2 19.9 68 159 n/a 510 -33FMC 54.99 1 4 28.5 4.4 8.7 193 67 >999 15.4 1252 5 11 250.5 7 21 5000 -2 -9 11.0 3 14 60 1341 -17JDS Uniphase 54.58 -6 -55 n/m 13.2 18.2 -146 n/m n/m -35.1 415 12 -50 82.6 35 11 5022 -17 -51 10.9 13 -16 34 2120 62ON Semiconductor 54.58 -1 14 57.8 7.4 11.1 94 8 202 12.9 734 0 9 69.7 -3 1 10539 2 7 5.2 -3 7 n/a 1173 48Silicon Graphics 54.00 -15 -47 n/m 12.7 14.4 -42 n/m n/m -9.9 425 -13 -42 175.5 -5 1 2423 -9 -42 22.3 -7 -9 100 5 -96Credence Systems 53.90 15 14 n/m 21.6 25.0 -63 n/m n/m -25.2 250 -2 58 153.3 13 34 1631 -14 21 33.0 33 -11 n/a 160 -69Cell Genesys 53.82 0 22 n/m >999.9 >999.9 -62 n/m n/m >-999.9 3 -60 -81 10.0 -44 -78 267 -29 -19 201.6 42 53 n/a 122 -21Polycom 53.29 -1 22 112.5 15.8 18.6 47 94 390 14.0 338 7 28 206.7 -6 1 1636 14 27 32.6 -13 -4 n/a 1099 22Celanese 53.01 -14 -9 12.5 1.5 5.0 425 355 290 12.0 3536 1 11 380.2 -1 24 9300 2 -12 5.7 -15 3 n/a 1635 -19Lyondell Chemical 53.01 122 160 6.7 0.5 1.8 788 157 624 7.3 10838 212 358 1083.8 210 102 10000 1 101 5.3 120 8 26 3280 n/aMaytag (now part of Whirlpool) 53.00 -7 -9 n/m 1.9 3.8 -32 -254 -128 -1.1 2855 4 6 160.4 -1 18 17<strong>800</strong> 5 -11 3.0 -12 1 12 n/l n/lAmerican Power Conversion 52.73 6 35 43.3 4.6 7.1 122 -2 17 10.6 1153 16 34 152.1 -1 8 7580 17 24 7.0 -10 9 55 1866 -38Alexion Pharmaceuticals 52.61 64 75 n/m >999.9 >999.9 -64 n/m n/m >-999.9 0 -87 -90 1.5 -88 -93 222 9 26 237.0 50 42 n/a 629 42Qlogic 52.28 -6 7 41.5 15.2 20.1 126 -4 33 36.7 343 3 25 371.5 -6 5 923 9 20 56.6 -14 -10 54 1587 -11Zoran 51.86 12 116 n/m 22.5 25.2 -16 n/m n/m -7.0 231 4 86 210.7 -11 2 1094 17 80 47.4 -4 21 n/a 449 23Endo Pharmaceuticals 51.44 75 79 28.2 10.8 12.0 182 35 232 38.2 478 33 76 672.9 3 -12 710 29 91 72.4 35 -22 n/a 2555 19Clorox 51.26 5 20 10.6 2.0 5.3 482 -4 20 18.5 2607 3 9 343.0 17 35 7600 -12 -20 6.7 19 47 n/a 5195 1Federated Department Stores 51.26 9 49 3.6 0.4 2.8 1444 77 117 10.6 13599 49 51 58.6 -28 -27 232000 107 106 0.2 -48 -28 n/a 11304 52Quest Software 51.19 12 33 133.9 18.4 27.1 38 98 >999 13.8 277 22 59 100.4 0 8 2763 22 48 18.5 -8 -11 38 763 0136 <strong>The</strong> <strong>2006</strong> R&D Scoreboard<strong>The</strong> <strong>2006</strong> R&D Scoreboard 137
Ranking of the <strong>top</strong> <strong>1250</strong> global <strong>companies</strong> <strong>by</strong> R&D <strong>investment</strong> <strong>by</strong> country within region–––––––––––––––––– 2005/06 R&D <strong>investment</strong> –––––––––––––––––– ——–—–– Operating profit ——–—–– ––––––––––––––––– Sales and employees ––––––––––––––––– ————––—–––—— R&D and employees ——–—––——––––—–––––––––– Sales –––––––––– ––––– Sales / employee ––––– ––––––––– Employees ––––––––– ––––– R&D / employee ––––– Sales––––– Growth ––––– operating R&D + ––––– Growth ––––– ––––– Growth ––––– –––––– Growth ––––– ––––– Growth ––––– –––––– Growth ––––– outside –––Market cap –––change change profit sales capex as change change sales change change change change change change change change region changeCompany £m 1 yr % 4 yr % % % % sales £m 1 yr % 4 yr % % £m 1 yr % 4 yr % £000 1 yr % 4 yr % number 1 yr % 4 yr % £000 1 yr % 4 yr % % £m %1.5 USA continuedAMIS 50.91 13 45 269.8 17.4 24.2 19 -62 -14 6.4 293 -3 23 104.2 -11 n/a 2816 9 n/a 18.1 4 n/a 58 467 -18PerkinElmer 50.89 0 3 53.9 5.1 6.6 94 -8 126 9.6 989 1 12 123.6 26 45 <strong>800</strong>0 -20 -23 6.4 25 34 66 1354 -12Idenix Pharmaceuticals 50.26 8 62 n/m 133.3 143.5 -33 n/m n/m -86.3 38 -32 51 172.9 -61 n/a 218 74 n/a 230.6 -38 n/a n/a 292 n/aAvery Dennison 49.74 4 13 24.6 1.6 4.5 203 -19 -16 6.4 3188 2 21 141.1 -3 7 22600 6 14 2.2 -2 -1 58 3793 5Trimble Navigation 49.09 9 25 67.3 10.9 13.9 73 58 223 16.2 451 16 44 183.3 2 24 2462 14 16 19.9 -5 8 n/a 1544 36Thq 49.07 15 99 247.4 10.4 13.3 20 -54 -30 4.2 470 7 43 293.6 -13 -24 1600 23 86 30.7 -6 11 n/a 917 8InterMune 48.19 2 -14 n/m 56.3 57.8 -24 n/m n/m -27.8 86 -3 29 443.3 64 80 193 -41 -26 249.7 72 16 n/a 302 6CheckFree 48.08 25 36 128.7 10.9 15.4 37 234 n/a 8.5 441 25 46 144.7 23 37 3050 2 5 15.8 22 29 n/a 1965 -4Varian Medical Systems 47.80 14 47 26.9 5.9 9.1 178 19 77 22.1 805 12 41 223.7 2 14 3600 10 25 13.3 4 19 49 3790 26Fair Isaac 47.35 14 57 41.9 10.2 12.2 113 10 65 24.3 465 13 55 166.4 24 29 2796 -9 21 16.9 25 32 n/a 1319 -11Praxair 46.60 4 11 6.1 1.0 12.5 758 17 44 17.0 4459 16 36 163.3 15 27 27306 1 7 1.7 3 4 n/a 10361 7Emulex 46.58 9 53 77.7 21.3 25.7 60 n/a n/a 27.4 219 3 28 414.4 2 -4 528 1 33 88.2 8 17 45 740 -21Biomet 46.42 23 49 14.5 4.2 9.4 321 11 36 29.3 1095 16 44 182.5 3 14 6000 13 20 7.7 9 17 34 4813 -13Valspar 46.18 4 18 29.3 2.9 5.2 157 0 19 10.0 1581 11 24 209.7 11 17 7540 1 7 6.1 4 10 n/a 1489 2Amylin Pharmaceuticals 45.65 -8 12 n/m 55.8 76.9 -122 n/m n/m -149.0 82 310 321 71.2 114 91 1150 92 171 39.7 -52 -62 n/a 3425 183Affymetrix 45.38 5 13 136.9 21.2 32.1 33 -5 433 15.5 214 6 27 194.5 -12 2 1101 21 24 41.2 -13 -8 48 787 -54Varian Semiconductor Equipment 45.24 15 35 88.2 12.9 15.0 51 3 93 14.7 350 13 29 230.4 8 24 1518 5 6 29.8 9 27 78 1052 13Fairchild Semiconductor 45.20 -5 -4 n/m 5.4 12.3 -3 -104 -110 -0.3 830 -11 -2 93.0 -10 5 8929 -1 -7 5.1 -4 3 90 1151 1Convergys 44.79 -1 -23 32.8 3.0 8.1 137 28 -5 9.1 1504 4 10 22.9 5 -10 65700 -1 21 0.7 0 -39 n/a 1556 35FileNET 44.36 -3 3 161.4 18.1 20.7 27 68 704 11.2 246 6 17 145.0 1 17 1695 5 0 26.2 -8 3 30 850 23Sigmatel 44.24 126 284 134.7 23.4 28.1 33 6 436 17.4 189 67 270 309.8 -35 n/a 610 156 n/a 72.5 -12 n/a n/a 91 n/aSealed Air 44.15 4 18 14.6 1.9 4.2 303 9 101 12.7 2379 8 20 140.0 11 25 17000 -3 -4 2.6 7 23 48 2361 -8King Pharmaceuticals 43.11 9 68 42.6 4.2 7.2 101 n/a 20 9.8 1034 36 49 369.9 34 38 2795 1 8 15.4 8 59 n/a 2411 25Enterasys Networks 42.99 -12 -30 n/m 20.7 23.1 -51 n/m n/m -24.4 208 -14 -42 180.8 5 14 1150 -18 -50 37.4 7 30 52 n/l n/lMercury Interactive(now part of Hewlett-Packard) 42.94 32 80 83.0 10.8 15.5 52 94 73 13.0 399 35 74 150.2 18 17 2659 15 49 16.2 15 22 40 n/l n/lAmerican Axle & Manufacturing 42.87 7 25 68.7 2.2 11.2 62 -59 -64 3.2 1973 -6 -2 179.4 -7 3 11000 1 -6 3.9 6 32 22 503 -39Smith International 42.87 10 31 11.0 1.3 4.5 391 53 92 12.0 3250 26 51 221.1 14 24 14697 11 23 2.9 -1 7 n/a 5520 31Tibco Software 42.60 20 1 125.7 16.4 19.8 34 -14 n/a 13.1 260 15 44 172.6 4 2 1505 11 40 28.3 8 -30 n/a 1234 38Estee Lauder 42.11 8 15 10.0 1.1 4.8 420 18 50 11.4 3691 9 25 155.7 3 9 23700 7 15 1.8 1 0 n/a 4647 59Eclipsys 41.90 -2 16 n/m 18.8 23.8 -2 n/m n/m -0.7 223 24 50 110.5 22 25 2020 2 19 20.7 -4 -2 1 433 -8ImClone Systems 41.88 24 -22 107.7 18.7 40.7 39 -47 n/a 17.4 223 -1 173 225.5 -14 96 991 14 69 42.3 8 -59 n/a 1648 7ADC Telecommunications 41.71 21 -54 99.7 6.1 8.6 42 524 n/a 6.1 686 50 -6 83.7 37 -1 8200 9 0 5.1 11 -52 n/a 835 -48Cooper Industries 41.65 1 17 12.8 1.5 3.6 326 13 50 11.8 2755 6 13 95.3 -1 10 28903 8 2 1.4 -6 14 n/a 4660 34Mindspeed Technologies 41.56 -10 n/a n/m 63.8 67.4 -35 n/m n/a -54.1 65 -6 n/a 124.3 13 n/a 524 -17 n/a 79.3 8 n/a 71 96 7JohnsonDiversey 41.36 -6 13 61.2 2.1 4.4 68 -24 -7 3.5 1928 4 41 160.7 4 n/a 12000 0 n/a 3.4 -6 n/a n/a n/l n/lAxcelis Technologies 41.30 12 3 n/m 19.0 21.1 0 -101 n/m -0.2 217 -27 -1 142.1 -23 10 1527 -4 -11 27.0 17 16 n/a 327 -10MGI PHARMA 41.29 13 57 n/m 25.4 26.3 -78 n/m n/m -47.8 163 43 265 283.0 -30 51 575 104 175 71.8 -44 -43 n/a 656 -40Realnetworks 41.20 36 38 17.0 21.8 26.0 242 n/a n/a 127.7 189 22 55 202.9 7 27 933 14 22 44.2 19 13 n/a 965 86Intergraph 40.81 1 6 40.4 12.1 13.5 101 -24 -7 30.1 336 5 9 97.4 6 20 3450 -1 -10 11.8 3 16 51 606 -9Nektar <strong>The</strong>rapeutics 40.81 58 13 n/m 55.5 69.7 -107 n/m n/m -145.6 74 11 29 94.7 -6 12 777 17 15 52.5 35 -2 n/a 578 -1Energizer 40.72 -6 34 15.6 2.3 5.8 261 15 73 15.0 1741 6 41 117.3 -7 11 14848 15 19 2.7 -18 9 n/a 2138 -17Cell <strong>The</strong>rapeutics 40.06 -32 -6 n/m 427.3 439.9 -79 n/m n/m -841.3 9 -46 -17 43.8 2 33 214 -47 -34 187.2 28 45 29 76 -24Cytec Industries 39.90 71 94 55.5 2.3 5.9 72 -32 -12 4.2 1704 70 97 233.4 5 20 7300 62 65 5.5 6 18 54 1477 n/aEcolab 39.83 11 38 12.6 1.5 7.4 316 2 25 12.0 2641 8 32 117.9 3 22 22400 5 9 1.8 6 27 n/a 6371 27Polaris Industries 39.69 12 41 32.2 3.6 8.4 123 22 35 11.3 1089 5 17 302.5 5 14 3600 0 2 11.0 12 37 n/a 922 -31Waters 38.97 3 19 23.9 5.8 5.8 163 -1 34 24.2 675 5 22 149.9 -2 3 4500 7 18 8.7 -4 1 65 2451 -18Nabi Biopharmaceuticals 38.93 10 112 n/m 61.9 69.9 -76 n/m n/m -120.6 63 -40 -45 81.1 -44 -52 776 7 12 50.2 3 93 15 180 -63IDX Systems(now part of General Electric) 38.88 20 32 152.4 12.8 17.5 26 45 856 8.4 303 30 32 125.9 11 89 2409 18 -38 16.1 2 84 18 n/l n/lUnova (now Intermec) 38.74 7 12 151.9 6.1 7.0 25 n/a >999 4.0 640 35 -8 256.4 142 103 2497 -44 -54 15.5 91 138 56 1083 10LTX 38.62 -2 -2 n/m 49.3 57.9 -76 >-999 n/m -97.5 78 -47 -35 165.7 -29 -2 473 -26 -33 81.6 32 43 n/a 192 -6Millipore 38.47 6 21 46.9 6.7 15.4 82 2 24 14.2 577 12 30 120.3 5 17 4<strong>800</strong> 7 11 8.0 -1 9 64 1998 9Fortune Brands 38.39 -4 11 5.7 0.8 3.6 670 -2 31 14.3 4674 10 31 154.3 15 29 30298 -5 -1 1.3 1 9 n/a 6212 -20L-3 Communications 38.27 -8 -1 6.7 0.7 2.0 575 32 98 10.5 5501 37 106 92.5 2 n/a 59500 35 n/a 0.6 -31 n/a 10 5079 -4Medicis Pharmaceutical 38.26 298 203 66.8 17.4 18.2 57 -6 32 26.1 220 24 62 611.5 10 23 359 13 31 106.6 254 117 n/a 615 n/aBE Aerospace 38.21 19 42 70.1 7.8 9.8 55 45 >999 11.1 492 15 28 123.5 1 17 3980 14 9 9.6 5 30 53 1069 90Wind River Systems 38.18 8 -7 287.7 24.6 27.3 13 125 n/a 8.6 155 13 2 132.5 7 19 1171 5 -15 32.6 3 8 45 420 -46Newmarket 38.09 0 14 91.0 6.1 7.7 42 14 658 6.7 626 20 42 556.4 21 40 1126 -1 2 33.8 1 12 54 533 234ICOS 37.92 17 1 n/m 91.2 98.1 -43 n/m n/m -104.0 42 -4 -13 59.4 -8 -30 700 4 19 54.2 13 -17 n/a 896 0Medicines 37.51 31 65 n/m 42.9 45.1 -7 -177 n/m -8.0 87 4 113 318.2 -17 50 275 25 55 136.4 5 6 n/a 615 -3Avon Products 37.40 1 24 5.6 0.8 3.3 672 -3 21 14.2 4747 5 22 96.9 2 14 49000 3 7 0.8 -2 15 n/a 7174 -19Cymer 37.29 10 4 157.4 16.7 21.6 24 -34 173 10.6 223 -8 23 254.2 -20 11 879 14 10 42.4 -4 -6 n/a 892 31Encysive Pharmaceuticals 36.99 12 132 n/m 453.4 468.2 -45 n/m n/m -555.4 8 2 25 37.1 -46 -40 220 88 108 168.1 -40 13 n/a 146 -64Analogic 36.75 8 24 165.7 17.3 20.3 22 454 57 10.4 212 3 -3 123.1 1 1 1725 1 -4 21.3 6 28 45 377 -4138 <strong>The</strong> <strong>2006</strong> R&D Scoreboard<strong>The</strong> <strong>2006</strong> R&D Scoreboard 139
Ranking of the <strong>top</strong> <strong>1250</strong> global <strong>companies</strong> <strong>by</strong> R&D <strong>investment</strong> <strong>by</strong> country within region–––––––––––––––––– 2005/06 R&D <strong>investment</strong> –––––––––––––––––– ——–—–– Operating profit ——–—–– ––––––––––––––––– Sales and employees ––––––––––––––––– ————––—–––—— R&D and employees ——–—––——––––—–––––––––– Sales –––––––––– ––––– Sales / employee ––––– ––––––––– Employees ––––––––– ––––– R&D / employee ––––– Sales––––– Growth ––––– operating R&D + ––––– Growth ––––– ––––– Growth ––––– –––––– Growth ––––– ––––– Growth ––––– –––––– Growth ––––– outside –––Market cap –––change change profit sales capex as change change sales change change change change change change change change region changeCompany £m 1 yr % 4 yr % % % % sales £m 1 yr % 4 yr % % £m 1 yr % 4 yr % £000 1 yr % 4 yr % number 1 yr % 4 yr % £000 1 yr % 4 yr % % £m %1.5 USA continuedInterdigital Communications 36.75 23 34 369.3 38.7 42.0 10 n/a 203 10.5 95 57 82 301.6 62 81 315 -3 0 116.7 27 33 n/a 884 54Progress Software 36.74 4 29 98.9 15.6 18.3 37 38 94 15.7 236 12 34 148.2 9 19 1593 3 13 23.1 1 15 57 545 -20International Paper 36.70 -7 -19 4.9 0.3 5.1 749 32 205 5.3 14036 -6 -5 204.3 10 21 68700 -14 -22 0.5 8 5 n/a 9659 8Par Pharmaceutical Companies 36.67 25 142 466.0 14.5 22.6 8 -70 -88 3.1 252 -37 -14 329.5 -46 -41 766 17 50 47.9 7 72 n/a 316 n/aPlantronics 36.58 85 88 56.9 8.4 13.9 64 -13 44 14.7 437 34 85 59.9 -28 -20 7300 87 132 5.0 -1 -21 n/a 440 n/aBrooks Automation 36.56 -6 -9 n/m 13.5 16.0 -1 -103 n/m -0.2 270 -14 19 150.3 -9 36 1<strong>800</strong> -5 -17 20.3 -1 7 48 578 46ADTRAN 36.50 -7 4 42.9 12.2 13.9 85 42 155 28.4 299 13 30 187.5 13 30 1594 0 0 22.9 -7 4 n/a 909 -19RSA Security 36.42 1 9 176.5 20.2 24.1 21 -25 n/a 11.4 181 1 15 140.9 -10 -2 1282 12 16 28.4 -10 -6 n/a 1220 132Lawson Software 36.21 -4 2 >999.9 18.5 19.7 2 -69 -61 1.1 195 -8 -12 139.5 4 9 1400 -11 -19 25.9 8 20 n/a 405 22Hexion Specialty Chemicals 36.11 214 212 33.5 1.4 3.7 108 500 483 4.1 2604 165 211 372.0 -9 13 7000 192 175 5.2 8 14 n/a n/l n/lAdvanced Medical Optics 35.91 35 74 n/m 6.7 9.2 -238 >-999 -914 -44.4 536 24 52 155.9 3 0 3440 20 46 10.4 13 13 n/a 1964 29Aeroflex 35.76 23 99 196.3 12.8 16.1 18 13 130 6.5 279 16 68 105.7 5 18 2640 10 40 13.5 12 45 n/a 469 19Extreme Networks 35.69 5 4 478.3 16.0 17.8 7 n/a n/a 3.3 223 9 -7 267.7 9 3 834 0 -9 42.8 5 14 56 251 -18Powerwave Technologies 35.55 29 59 114.0 7.4 11.0 31 n/a n/a 6.5 481 74 136 100.2 -39 -52 4795 186 340 7.4 -55 -71 64 434 -32Georgia-Pacific 35.53 -5 n/a 4.0 0.3 3.9 898 58 106 7.8 11449 -3 -13 208.2 8 8 55000 -10 -21 0.6 6 n/a 14 n/l n/lWeyerhaeuser 35.53 11 15 4.5 0.3 4.0 787 -43 -2 5.9 13397 1 22 268.5 9 29 49887 -7 -5 0.7 19 19 12 8228 -14Adaptec 35.47 -46 -47 n/m 15.4 17.2 -99 n/m n/m -43.0 230 -17 -10 204.3 13 25 1128 -26 -28 31.4 -28 -26 n/a 280 30Diebold 35.19 1 -1 42.4 2.3 4.2 83 -48 -34 5.5 1507 9 26 103.2 7 16 14603 2 9 2.4 -1 -9 n/a 1621 -18Veeco Instruments 35.17 4 9 545.6 14.7 17.6 6 n/a n/a 2.7 239 5 16 196.0 9 19 1219 -3 -2 28.9 7 11 n/a 400 20CuraGen 35.13 -9 5 n/m 256.3 296.3 -45 n/m n/m -326.2 14 271 71 20.6 153 37 666 47 24 52.7 -38 -25 n/a 102 -29Arris 35.03 -5 -2 112.9 8.8 10.3 31 n/a n/a 7.8 396 39 17 541.4 38 53 732 1 -25 47.9 -6 21 n/a 647 5FEI 34.87 7 29 n/m 14.0 17.5 -32 -284 -280 -12.7 249 -8 12 155.4 -3 12 1601 -5 0 21.8 13 28 n/a 401 -2WR Grace 34.48 16 19 36.2 2.3 5.5 95 n/a n/a 6.4 1497 14 32 233.9 15 32 6400 -2 0 5.4 18 19 n/a 352 -1Cabot 34.37 11 11 n/m 2.8 11.5 -33 -128 -135 -2.6 1238 10 22 281.3 7 21 4400 2 1 7.8 9 10 71 1151 -6SPX 34.25 1 -38 16.1 1.2 2.7 213 284 -8 7.6 2788 9 3 152.4 42 31 18300 -23 -22 1.9 32 -21 n/a 1916 0Sauer-Danfoss 34.18 13 37 68.7 3.8 9.9 50 -5 54 5.5 902 10 43 104.8 6 23 8600 4 17 4.0 9 18 56 679 22Nalco 34.13 4 n/a 16.9 1.8 4.0 202 150 n/a 10.5 1929 9 n/a 177.0 5 n/a 10900 4 n/a 3.1 0 n/a n/a 1453 -4Emdeon 34.07 8 30 78.3 4.6 9.5 44 67 n/a 5.8 744 10 36 121.9 7 21 6100 3 13 5.6 5 14 n/a 1921 -9Redback Networks 33.98 3 -35 n/m 38.1 45.8 -12 n/m n/m -13.0 89 33 6 176.8 17 25 505 13 -14 67.3 -9 -22 n/a 515 75Standard Microsystems 33.94 36 62 437.8 18.3 25.7 8 n/a 291 4.2 186 53 73 242.3 11 15 767 37 51 44.3 -1 7 88 341 22Owens Corning 33.78 23 37 n/m 0.9 5.5 -2182 -931 n/m -59.2 3683 11 25 184.2 0 14 20000 11 10 1.7 11 25 n/a 35 -75Tenneco 33.78 23 40 12.2 1.3 4.5 277 184 400 10.7 2587 5 20 136.1 2 22 19000 3 -2 1.8 19 42 n/a 619 25Nuvelo 33.65 45 36 n/m >999.9 >999.9 -42 n/m n/m >-999.9 0 178 -96 3.1 116 -95 103 29 -11 326.7 12 29 35 489 n/aBorland Software 33.60 -15 0 n/m 20.8 23.4 -20 -285 -665 -12.5 161 -11 3 127.0 -4 11 1269 -7 -7 26.5 -9 7 n/a 252 -7Coherent 33.52 -8 5 155.2 11.1 14.6 22 31 n/a 7.2 301 4 16 137.4 6 18 2189 -1 -2 15.3 -7 7 65 591 4NACCO Industries 33.14 -2 5 45.3 1.8 4.0 73 25 42 4.0 1839 13 21 165.7 19 33 11100 -4 -9 3.0 3 15 40 640 47Avocent 33.13 25 83 98.3 15.4 16.4 34 98 106 15.6 215 1 25 384.7 8 25 560 -7 -6 59.2 34 77 n/a 725 -22Pall 32.73 -2 2 27.1 3.0 7.5 121 -5 24 10.9 1108 7 29 106.5 6 27 10400 1 2 3.1 -3 0 100 1898 -12MKS Instruments 32.57 -2 19 137.9 11.0 13.0 24 -38 >999 8.0 297 -8 36 130.7 -6 21 2270 -2 14 14.3 0 4 n/a 654 16Aspen Technology 32.49 -16 -23 n/m 20.7 22.6 -40 n/m n/m -25.3 157 -17 -16 119.0 -3 17 1319 -15 -29 24.6 -1 7 n/a 355 160Reebok International(now part of Adidas-Salomon, Germany) 31.83 8 17 18.9 1.4 2.9 169 15 47 7.6 2205 9 21 242.2 -7 -7 9102 17 31 3.5 -8 -11 n/a n/l n/lSPSS 31.71 -4 20 194.3 23.1 26.3 16 339 n/a 11.9 138 5 15 121.8 9 28 1129 -3 -11 28.1 -1 32 n/a 255 13BJ Services 31.57 15 85 8.3 1.7 11.7 380 22 60 20.1 1889 25 47 138.9 18 27 13600 6 16 2.3 8 64 n/a 6852 16Varian 31.42 11 27 77.2 6.3 9.0 41 -23 -13 8.2 497 -7 4 142.0 17 27 3500 -20 -18 9.0 39 55 64 799 17Isis Pharmaceuticals 31.37 -37 -7 n/m 134.2 135.2 -33 n/m n/m -142.5 23 -6 -29 90.6 11 18 258 -15 -40 121.6 -26 40 n/a 281 50Roper Industries 31.16 38 68 20.0 3.7 5.4 156 57 126 18.4 847 50 104 141.1 40 29 6000 7 56 5.2 29 4 n/a 2344 n/aReynolds American 30.87 10 -15 3.5 0.6 1.9 887 63 n/a 18.4 4809 28 25 586.5 47 33 8200 -13 -6 3.8 27 -10 n/a 10751 52Timken 30.81 6 1 12.3 1.0 5.3 251 73 272 8.4 3011 15 55 110.1 9 28 27345 5 23 1.1 0 -21 n/a 1808 19Leapfrog Enterprises 30.49 -14 -1 255.3 8.1 10.6 12 n/a -57 3.2 378 1 20 452.2 12 4 837 -9 1 36.4 -6 -11 n/a 297 15Diagnostic Products(now part of Siemens, Germany) 30.35 15 35 54.7 10.8 17.5 56 9 28 19.8 280 9 34 109.7 2 15 2554 6 17 11.9 8 16 n/a n/l n/lFinisar 30.23 -17 -13 n/m 14.2 20.5 -6 n/m n/m -2.8 212 30 87 57.5 -9 16 3688 43 60 8.2 -42 -47 44 515 207Chemtura 30.19 5 -22 111.2 1.7 5.0 27 209 n/a 1.5 1819 22 25 275.6 -11 13 6600 38 8 4.6 -24 -27 47 1115 -55Pixelworks 30.18 70 112 n/m 30.2 34.8 -14 -183 >-999 -13.5 100 -3 35 213.2 -27 -27 469 34 83 64.4 27 14 96 62 n/aFLIR Systems 30.01 12 58 40.4 10.1 16.8 74 19 94 25.1 296 5 60 224.4 -38 -29 1320 69 131 22.7 -34 -31 n/a 965 -26Alliant Techsystems 30.00 36 80 15.7 1.6 3.6 191 15 22 10.2 1874 15 41 123.3 6 18 15200 9 20 2.0 25 52 n/a 1611 n/aFMC Technologies 30.00 2 4 30.2 1.6 4.4 99 3 162 5.3 1879 17 42 187.9 5 23 10000 11 16 3.0 -8 -10 69 2585 61Kronos 29.91 29 61 68.3 9.9 14.7 44 8 55 14.5 302 15 40 104.2 -1 11 2900 16 27 10.3 11 27 n/a 546 n/aFoundry Networks 29.88 17 34 77.2 12.7 15.2 39 5 34 16.4 235 -1 14 327.2 -10 -4 719 9 19 41.6 7 13 n/a 876 3Imation 29.88 -10 -10 52.7 4.1 5.8 57 100 59 7.7 733 3 9 349.0 25 48 2100 -18 -27 14.2 9 23 n/a 822 -1NetIQ (now part of Attachmate) 29.45 -26 -14 n/m 23.7 27.5 -12 n/m n/m -10.1 124 -19 -16 123.5 7 6 1006 -24 -20 29.3 -2 8 37 n/l n/lHillenbrand Industries 29.42 -10 -2 n/m 2.6 8.9 -71 -153 -166 -6.3 1129 6 -4 115.2 12 0 9<strong>800</strong> -6 -4 3.0 -4 2 n/a 1770 -3WMS Industries 29.30 12 56 163.8 13.0 31.5 18 n/a 158 7.9 226 69 83 185.3 61 n/a 1221 5 n/a 24.0 7 n/a 19 475 -14Mercury Computer Systems 29.17 30 41 118.7 20.0 24.6 25 33 42 16.9 146 35 44 195.9 18 14 744 14 26 39.2 14 12 n/a 162 n/a140 <strong>The</strong> <strong>2006</strong> R&D Scoreboard<strong>The</strong> <strong>2006</strong> R&D Scoreboard 141
Ranking of the <strong>top</strong> <strong>1250</strong> global <strong>companies</strong> <strong>by</strong> R&D <strong>investment</strong> <strong>by</strong> country within region–––––––––––––––––– 2005/06 R&D <strong>investment</strong> –––––––––––––––––– ——–—–– Operating profit ——–—–– ––––––––––––––––– Sales and employees ––––––––––––––––– ————––—–––—— R&D and employees ——–—––——––––—–––––––––– Sales –––––––––– ––––– Sales / employee ––––– ––––––––– Employees ––––––––– ––––– R&D / employee ––––– Sales––––– Growth ––––– operating R&D + ––––– Growth ––––– ––––– Growth ––––– –––––– Growth ––––– ––––– Growth ––––– –––––– Growth ––––– outside –––Market cap –––change change profit sales capex as change change sales change change change change change change change change region changeCompany £m 1 yr % 4 yr % % % % sales £m 1 yr % 4 yr % % £m 1 yr % 4 yr % £000 1 yr % 4 yr % number 1 yr % 4 yr % £000 1 yr % 4 yr % % £m %1.5 USA continuedGTECH 29.13 -18 3 14.7 3.8 15.1 198 9 40 26.0 760 4 21 143.4 4 n/a 5300 0 n/a 5.5 -18 n/a 49 2534 28Fiserv 29.12 5 10 6.7 1.2 5.3 437 14 51 18.5 2365 9 45 107.5 9 35 22000 0 8 1.3 5 2 n/a 4411 -14MeadWestvaco 29.12 -32 -29 25.0 0.7 5.2 116 n/a >999 2.9 4009 -16 2 180.6 11 24 22200 -24 -17 1.3 -11 -15 n/a 2673 -14Snap-On 29.12 -18 -14 29.6 2.1 3.8 98 16 53 7.2 1376 1 8 120.7 2 17 11400 -1 -8 2.6 -17 -6 n/a 1420 18Woodward Governor 29.12 25 34 60.4 6.0 9.3 48 55 37 10.0 482 17 25 137.8 13 21 3500 3 3 8.3 21 29 46 598 n/aSigma-Aldrich 29.01 17 22 13.8 3.0 8.5 211 13 34 21.7 971 18 31 141.7 6 17 6849 12 12 4.2 5 9 n/a 2773 n/aSilicon Storage Technology 28.56 5 5 n/m 11.4 12.9 -17 n/m n/m -6.7 251 -4 31 397.8 -9 9 631 5 22 45.3 -1 -15 95 228 -9Cubist Pharmaceuticals 28.52 -12 -4 n/m 40.6 42.3 -15 n/m n/m -21.0 70 77 407 190.4 44 262 369 23 52 77.3 -29 -39 n/a 705 33Artesyn Technologies(now part of Emerson Electric) 28.48 19 29 370.7 11.5 14.5 8 -42 n/a 3.1 247 -1 4 190.3 14 44 1300 -13 -32 21.9 37 78 n/a n/l n/lKomag 28.47 20 39 42.2 7.1 29.8 67 118 430 16.9 400 50 103 56.1 12 31 7121 34 57 4.0 -11 -12 95 683 n/aVishay Intertechnology 28.33 -5 19 55.4 2.1 8.1 51 1 222 3.8 1338 -5 14 51.3 -6 7 26100 2 7 1.1 -6 12 n/a 1435 5Phelps Dodge 28.31 50 68 2.0 0.5 8.1 1393 61 570 26.5 5260 27 91 350.7 19 75 15000 7 9 1.9 40 54 n/a 10262 n/aModine Manufacturing 28.28 52 58 50.3 2.8 7.5 56 -2 46 5.6 997 11 39 126.3 26 40 7896 -12 0 3.6 73 57 n/a 455 n/aArmstrong 28.25 4 -5 42.1 1.4 5.2 67 n/a n/a 3.2 2073 2 9 139.1 2 16 14900 -1 -6 1.9 5 2 29 12 -80Actel 28.06 6 21 820.9 26.9 32.5 3 n/a n/a 3.3 104 8 23 184.9 7 17 565 1 5 49.7 5 16 44 211 4Myriad Genetics 28.05 29 96 n/m 58.4 66.6 -25 n/m n/m -51.9 48 45 50 73.1 13 13 657 29 33 42.7 0 46 n/a 580 n/aTanox 27.90 76 107 n/m 107.2 128.7 -14 n/m n/m -54.1 26 118 347 143.0 52 201 182 43 50 153.3 23 38 n/a 362 n/aAtheros Communications 27.84 12 48 861.0 26.0 28.3 3 -43 n/a 3.0 107 8 141 326.8 -14 n/a 327 26 n/a 85.1 -11 n/a n/a 499 n/aYork International(now part of Johnson Controls) 27.78 13 7 34.9 1.1 2.9 80 142 75 3.0 2627 11 15 113.2 6 15 23200 4 -1 1.2 8 8 n/a n/l n/lDRS Technologies 27.73 22 109 26.5 2.7 5.2 104 34 104 10.3 1011 29 96 103.2 -25 n/a 9<strong>800</strong> 72 n/a 2.8 -29 n/a n/a 895 n/aSteelcase 27.61 15 -1 59.0 1.7 4.2 47 299 n/a 2.8 1671 10 8 128.5 22 32 13000 -10 -19 2.1 29 23 27 1222 n/aMsc Software 27.53 12 18 153.2 15.5 16.3 18 39 568 10.1 178 10 10 132.2 12 n/a 1343 -2 n/a 20.5 15 n/a 71 410 n/aAriba 27.50 -13 -28 n/m 14.6 16.4 -203 n/m n/m -107.9 188 31 15 124.9 47 -19 1506 -11 34 18.3 -2 -51 28 336 45Alltel 27.49 46 -50 2.1 0.5 13.6 1323 16 7 22.9 5791 21 25 271.0 5 26 21373 15 -3 1.3 27 -46 n/a 12354 n/aAntigenics 27.42 15 40 n/m >999.9 >999.9 -43 n/m n/m >-999.9 0 -11 -81 2.1 42 -76 171 -37 -25 160.4 83 89 n/a 47 n/aCrown 27.38 0 8 10.9 0.7 3.4 252 -33 213 6.2 4053 -3 0 168.9 11 21 24000 -13 -18 1.1 15 30 n/a 1662 5Dentsply International 27.38 5 19 64.3 2.7 5.4 43 -78 -73 4.3 999 1 16 124.9 -3 11 <strong>800</strong>0 4 5 3.4 1 14 n/a 2840 14Sprint Nextel 27.38 47 n/a 1.2 0.1 14.7 2332 n/a 631 11.5 20200 26 30 252.8 -5 13 79900 33 13 0.3 10 n/a n/a 29560 n/aTriQuint Semiconductor 27.21 -23 -21 >999.9 15.3 22.7 2 n/a n/a 1.2 178 -12 -3 112.7 16 8 1575 -24 -12 17.3 1 -11 n/a 353 21Itron 27.10 5 21 100.8 8.4 14.2 27 >999 168 8.4 322 38 80 161.0 45 37 2000 -5 31 13.6 10 -10 n/a 724 -1DoubleClick 27.06 19 5 148.9 15.4 24.1 18 203 n/a 10.3 176 11 -19 114.0 -12 -24 1541 26 8 17.6 -6 -6 n/a n/l n/lSonus Networks 27.02 27 -21 n/m 23.8 31.1 0 -102 n/m -0.2 113 14 56 157.7 -15 n/a 719 34 n/a 37.6 -5 n/a n/a 602 n/aTerex 26.97 20 136 19.1 0.9 1.6 141 227 162 4.8 2924 29 90 174.0 15 11 16<strong>800</strong> 12 66 1.6 7 59 63 2663 n/aCrane 26.85 -12 -8 21.3 2.2 3.6 126 n/a 373 10.5 1201 9 24 116.3 11 19 10327 -2 3 2.6 -11 -8 n/a 1392 n/aPentair 26.82 46 28 14.0 1.6 3.7 191 14 41 11.1 1716 29 16 116.8 14 -4 14700 14 20 1.8 28 6 n/a 1740 n/aGen-Probe 26.80 11 -14 50.2 15.0 29.9 53 12 132 30.0 178 13 61 205.8 6 24 866 7 18 30.9 4 -34 n/a 1602 n/aZebra Technologies 26.79 24 46 29.9 6.6 8.6 90 -11 25 21.9 409 6 32 163.6 -3 13 2500 9 18 10.7 14 24 48 1362 n/aMagma Design Automation 26.76 10 75 n/m 28.0 32.0 -12 n/m -765 -12.4 96 12 72 149.5 2 7 639 10 62 41.9 0 5 n/a 141 n/aAriad Pharmaceuticals 26.75 66 123 n/m >999.9 >999.9 -33 n/m n/m >-999.9 1 64 231 6.6 9 85 108 50 76 247.6 10 26 n/a 144 n/aGenesis Microchip 26.73 38 44 240.7 17.0 20.2 11 n/a n/a 7.1 157 32 39 278.8 12 5 563 18 32 47.5 16 9 99 286 n/aAptarGroup 26.64 9 40 30.0 3.3 10.9 89 7 28 11.0 804 6 30 111.6 1 21 7200 6 8 3.7 3 30 n/a 1060 n/aWebex Communications 26.63 33 80 57.2 14.8 20.6 47 18 221 25.9 180 24 87 85.9 8 -12 2091 15 99 12.7 16 -23 9 909 n/aS1 26.60 -8 -4 n/m 19.2 22.1 -17 -569 n/m -12.2 139 -1 -7 93.5 11 -11 1484 -11 3 17.9 3 -7 n/a 174 -5Respironics 26.58 55 92 33.6 5.0 11.8 79 29 74 14.9 531 20 58 136.1 -7 7 3900 29 50 6.8 20 31 n/a 1618 n/aInternet Security Systems 26.32 5 16 81.8 13.7 15.9 32 41 217 16.7 192 14 32 153.4 9 25 1252 4 5 21.0 1 10 n/a 615 5Cirrus Logic 26.27 -33 -50 114.9 23.3 24.4 23 n/a n/a 20.3 113 -1 -28 266.1 41 50 424 -30 -51 62.0 -4 2 n/a 320 -12Micrel 26.25 8 -7 136.0 18.0 23.8 19 -18 n/a 13.2 146 -3 12 165.0 -4 7 884 1 5 29.7 7 -11 75 477 n/aAshland 26.21 5 16 2.4 0.5 4.3 1097 193 268 19.1 5743 12 25 274.8 14 38 20900 -1 -10 1.3 6 28 n/a 2753 2Teledyne Technologies 26.15 38 52 42.2 3.7 5.4 62 52 149 8.8 703 19 43 96.7 8 10 7270 10 30 3.6 25 16 n/a 754 n/aSilicon Image 26.13 -43 -9 87.0 21.1 24.0 30 n/a n/a 24.3 124 23 107 322.2 8 53 384 14 39 68.0 -50 -33 n/a 499 16Bookham 26.11 -11 -27 n/m 22.4 30.4 -142 n/m n/m -121.5 117 33 100 50.5 8 28 2309 23 68 11.3 -28 -63 30 84 -3Andrx 25.90 10 -10 379.9 4.3 7.0 7 -87 -28 1.1 607 -9 13 361.3 14 37 1680 -20 -17 15.4 37 9 n/a 1025 n/aAspect Communications(now Aspect Software) 25.90 -10 -43 65.4 12.0 16.5 40 42 n/a 18.4 216 2 -18 172.1 5 15 1254 -3 -31 20.7 -7 -17 40 n/l n/lJDA Software 25.83 -16 0 985.3 20.6 22.8 3 n/a -33 2.1 126 0 1 119.2 9 21 1055 -9 -17 24.5 -8 18 n/a 266 13Fisher Scientific International 25.75 20 191 6.7 0.8 3.1 383 117 199 11.8 3256 20 56 167.0 8 -10 19500 11 68 1.3 8 101 n/a 5503 n/aBiomarin Pharmaceutical 25.49 -12 n/a n/m 170.5 182.0 -37 n/m n/a -250.2 15 38 n/a 47.6 57 n/a 314 -13 n/a 81.2 1 n/a n/a 778 126Moog 25.37 47 46 40.1 4.1 8.1 63 15 34 10.3 612 12 35 91.9 -3 3 6662 15 32 3.8 27 10 45 835 n/aSycamore Networks 25.33 -10 -58 n/m 66.5 71.9 -26 n/m n/m -67.8 38 47 -50 138.1 88 23 276 -22 -48 91.8 15 -17 n/a 594 5Parexel International 25.28 15 n/a n/m 6.5 11.2 -1 -105 -107 -0.2 391 2 34 76.1 -3 28 5140 5 5 4.9 9 n/a n/a 457 n/aAlliance Gaming (now Bally Technologies) 25.26 18 98 n/m 8.9 11.4 -3 -105 -109 -1.1 285 0 -12 173.5 6 3 1640 -5 -20 15.4 25 126 6 514 n/aAlkermes 25.15 -34 -27 334.5 25.9 43.1 8 n/a n/a 7.7 97 119 208 127.7 52 101 760 44 54 33.1 -54 -53 n/a 914 10Cabot Microelectronics 25.05 -2 19 98.4 15.9 23.7 25 -37 -30 16.2 158 -13 6 242.4 -21 -16 650 11 26 38.5 -12 -5 78 408 0142 <strong>The</strong> <strong>2006</strong> R&D Scoreboard<strong>The</strong> <strong>2006</strong> R&D Scoreboard 143
Ranking of the <strong>top</strong> <strong>1250</strong> global <strong>companies</strong> <strong>by</strong> R&D <strong>investment</strong> <strong>by</strong> country within region–––––––––––––––––– 2005/06 R&D <strong>investment</strong> –––––––––––––––––– ——–—–– Operating profit ——–—–– ––––––––––––––––– Sales and employees ––––––––––––––––– ————––—–––—— R&D and employees ——–—––——––––—–––––––––– Sales –––––––––– ––––– Sales / employee ––––– ––––––––– Employees ––––––––– ––––– R&D / employee ––––– Sales––––– Growth ––––– operating R&D + ––––– Growth ––––– ––––– Growth ––––– –––––– Growth ––––– ––––– Growth ––––– –––––– Growth ––––– outside –––Market cap –––change change profit sales capex as change change sales change change change change change change change change region changeCompany £m 1 yr % 4 yr % % % % sales £m 1 yr % 4 yr % % £m 1 yr % 4 yr % £000 1 yr % 4 yr % number 1 yr % 4 yr % £000 1 yr % 4 yr % % £m %1.5 USA continuedPharmion 25.01 51 n/a 936.2 19.4 21.8 3 n/a n/a 2.1 129 70 452 392.9 50 n/a 328 13 n/a 76.3 33 n/a n/a 308 n/aCooper Companies 24.98 560 756 31.4 5.3 19.8 80 17 46 16.9 470 65 122 66.8 -4 10 7034 72 105 3.6 285 317 n/a 1117 n/aCree 24.91 16 44 35.7 11.0 47.4 70 48 959 30.8 227 27 79 171.4 18 45 1322 7 25 18.8 8 14 n/a 844 n/aVerifone 24.87 18 n/a 62.8 8.8 9.4 40 196 n/a 14.0 283 24 n/a 269.3 n/a n/a 1050 n/a n/a 23.7 n/a n/a 40 949 n/aInformatica 24.81 -17 -11 145.2 15.9 19.6 17 n/a n/a 11.0 156 22 31 154.2 1 6 1010 21 24 24.6 -31 -28 n/a 666 18Wm Wrigley Jr 24.80 23 50 5.4 1.0 7.8 458 11 29 18.9 2423 14 40 169.4 18 20 14300 -3 17 1.7 27 33 n/a 8646 n/aAdvanced Digital Information 24.75 12 23 >999.9 9.4 12.4 2 90 119 0.8 265 0 15 238.5 3 17 1109 -3 -2 22.3 16 26 n/a 437 n/aFerro 24.70 16 32 60.5 2.3 4.4 41 22 -28 3.8 1074 12 20 153.4 9 30 7003 2 -9 3.5 13 43 n/a 405 n/aEsterline Technologies 24.60 52 99 51.7 5.0 7.9 48 32 60 9.7 489 34 59 73.0 n/a n/a 6700 n/a n/a 3.7 n/a n/a n/a 473 n/aBiosite 24.59 18 87 51.0 14.7 33.4 48 29 155 28.8 168 17 95 167.1 6 31 1003 11 55 24.5 7 19 n/a 423 n/aMcCormick 24.52 7 29 11.6 1.6 4.5 212 4 17 14.1 1510 3 9 188.7 3 14 <strong>800</strong>0 0 -4 3.1 7 34 n/a 2431 n/aCray 24.30 -8 -10 n/m 20.7 22.7 -35 n/m n/m -30.3 117 35 26 148.8 52 40 787 -11 -10 30.9 4 -1 n/a 179 n/aAlbemarle 24.28 33 89 21.5 2.0 5.3 113 118 100 9.2 1228 39 86 331.8 39 61 3700 0 17 6.6 33 64 61 1453 n/aTiVo 23.93 9 53 n/m 21.0 24.6 -22 n/m n/m -19.1 114 14 79 285.3 -2 33 400 17 43 59.8 -6 6 n/a 339 n/aAltiris 23.90 30 99 749.8 21.9 22.5 3 -78 -28 2.9 109 13 107 124.5 -4 20 878 17 48 27.2 11 15 n/a 345 n/aKulicke & Soffa 23.90 19 -13 n/m 7.3 9.5 -59 -221 n/m -17.9 327 -22 -2 98.3 -25 -3 3326 4 1 7.2 14 -13 88 239 n/aSolutia 23.88 3 -10 38.7 1.5 4.3 62 n/a n/a 3.8 1646 5 11 304.7 11 49 5400 -5 -29 4.4 8 22 n/a 26 n/aRambus 23.87 26 68 188.3 26.1 31.1 13 -45 -35 13.8 92 9 39 275.0 -23 n/a 333 41 n/a 71.7 -11 n/a n/a 678 n/aIDEXX Laboratories 23.85 16 31 35.6 6.4 10.2 67 6 51 18.0 372 16 40 112.6 5 4 3300 10 34 7.2 5 -3 32 1609 n/aHercules 23.82 -5 -14 74.0 2.0 5.2 32 -47 26 2.7 1205 4 1 259.1 10 30 4650 -6 -25 5.1 1 12 47 927 7Red Hat 23.81 26 55 46.3 14.7 20.7 51 72 349 31.7 162 42 122 147.4 21 46 1100 17 56 21.6 8 -2 n/a 2530 n/aOmniVision Technologies 23.63 59 167 38.0 8.2 12.9 62 5 108 21.7 287 27 128 174.3 -33 -52 1644 89 346 14.4 -16 -54 n/a 579 n/aSonic Solutions 23.63 28 139 164.8 27.3 28.5 14 180 389 16.6 87 64 198 136.0 55 41 637 6 130 37.1 21 13 23 211 n/aDSP 23.47 25 55 159.0 21.5 26.7 15 29 36 13.5 109 19 33 374.8 16 -7 291 2 36 80.6 22 13 99 424 n/aLennox International 23.47 7 7 16.2 1.2 3.1 145 n/a n/a 7.4 1961 13 10 122.6 6 23 16000 7 -11 1.5 0 18 n/a 963 n/aPortal Software (now part of Oracle) 23.45 33 -12 n/m 43.0 47.7 -51 n/m n/m -92.7 55 -26 -44 95.9 -21 -17 569 -7 -35 41.2 42 26 n/a n/l n/lTrizetto 23.45 3 40 179.8 13.8 16.2 13 116 n/a 7.7 170 6 12 113.5 -1 28 1500 7 -15 15.6 -4 56 0 315 n/awebMethods 23.41 -10 -19 327.9 19.3 21.7 7 n/a n/a 5.9 122 4 6 147.3 5 10 826 -1 -4 28.3 -9 -16 37 229 16United Online 23.30 46 56 46.2 7.6 11.7 50 9 436 16.5 306 17 121 339.8 -4 32 900 21 81 25.9 20 -20 n/a 409 n/aPlug Power 23.18 5 -9 n/m 295.0 302.5 -31 n/m n/m -398.7 8 -16 17 25.4 -11 29 309 -6 -11 75.0 12 2 n/a 206 n/aAdvanced Energy Industries 23.14 -23 -19 219.7 11.8 15.0 11 n/a n/a 5.4 196 -15 24 128.6 -8 15 1527 -8 9 15.2 -17 -27 n/a 323 57Transaction Systems Architects 23.12 4 4 61.8 12.7 13.9 37 17 204 20.5 182 7 9 109.0 -2 5 1674 10 3 13.8 -5 1 61 785 n/aCurtiss-Wright 23.11 17 121 29.3 3.5 7.3 79 22 62 12.0 659 18 77 111.8 13 32 5892 5 38 3.9 11 77 20 754 n/aev3 22.88 1 n/a n/m 29.4 39.3 -61 n/m n/a -77.8 78 55 n/a 88.5 n/a n/a 880 n/a n/a 26.0 n/a n/a n/a 511 n/aBruker Biosciences 22.87 -9 30 446.3 13.2 14.3 5 n/a n/a 3.0 173 5 58 68.0 -48 -39 2549 101 171 9.0 -55 -52 n/a 334 57Scansoft (now Nuance Communications) 22.83 48 88 >999.9 16.9 18.8 1 n/a n/a 0.8 135 78 161 121.7 33 21 1112 34 112 20.5 11 -16 n/a 892 n/aStoneridge 22.83 8 34 138.5 5.8 10.1 16 n/a n/a 4.2 391 -1 7 65.2 -1 n/a 6000 0 n/a 3.8 8 n/a n/a 123 n/aSeeBeyond Technology(now part of Sun Microsystems) 22.79 -4 25 n/m 23.9 25.1 0 n/m n/m 0.0 95 19 11 117.2 -2 0 814 21 10 28.0 -21 12 n/a n/l n/lInamed (now part of Allergan) 22.60 35 107 n/m 8.9 12.2 -2 -104 -105 -0.6 255 14 42 196.2 5 21 1300 8 18 17.4 24 79 39 n/l n/lChurch & Dwight 22.54 17 43 17.9 2.2 4.4 126 15 59 12.5 1011 19 49 273.4 22 3 3700 -3 42 6.1 20 -2 n/a 1405 n/aArbitron 22.46 16 43 38.0 12.4 17.5 59 3 15 32.7 181 5 18 103.6 3 -2 1742 2 18 12.9 14 19 n/a 620 n/aPerrigo 22.38 39 74 n/m 3.8 6.4 -193 -403 -497 -32.3 597 14 24 102.0 -47 -38 5848 116 97 3.8 -36 -14 n/a 879 n/aHarmonic 22.23 7 -6 n/m 14.8 17.0 -5 >-999 n/m -3.1 150 4 25 242.6 -1 23 618 5 1 36.0 2 -7 n/a 224 n/aMEMC Electronic Matrials 22.12 n/a n/a 14.1 3.7 18.3 156 n/a n/a 26.1 599 n/a n/a 119.8 n/a n/a 5000 n/a n/a 4.4 n/a n/a 72 3869 n/aC-Cor 22.02 76 63 n/m 15.9 18.4 -16 -162 n/m -11.6 138 -2 2 88.4 -9 -6 1564 9 6 14.1 62 45 n/a 192 n/aSemtech 21.86 12 20 79.4 15.7 20.1 28 -32 10 19.7 139 -6 15 211.6 -12 2 659 8 13 33.2 4 6 n/a 521 n/aAcxiom 21.85 5 -4 28.8 2.8 3.3 76 5 118 9.8 776 9 31 114.7 6 9 6765 3 21 3.2 3 -21 n/a 1256 n/aAmphenol 21.85 16 42 11.2 2.1 5.2 195 23 61 18.5 1053 18 47 46.4 -16 -18 22700 41 77 1.0 -18 -20 56 2969 n/aAmkor Technology 21.75 2 13 125.6 1.8 15.9 17 -78 n/a 1.4 1223 10 31 51.0 1 15 24000 9 14 0.9 -7 -1 66 624 n/aI2 Technologies 21.75 -47 -76 69.4 10.5 11.4 31 323 366 15.2 206 -9 -49 165.1 49 20 <strong>1250</strong> -39 -58 17.4 -14 -39 47 173 -37Investment Technology 21.73 18 34 34.2 9.1 9.1 64 64 9 26.7 238 22 14 333.0 12 -1 714 9 15 30.4 8 17 n/a 1190 n/aHutchinson Technology 21.45 30 75 64.2 5.8 37.0 33 48 139 9.1 368 34 43 69.3 -3 -5 5310 38 51 4.0 -5 17 n/a 273 n/aPhoton Dynamics 21.13 22 64 n/m 28.8 32.7 -12 -430 n/m -16.9 73 -12 41 174.5 -13 17 420 1 23 50.3 20 34 100 114 n/aDatascope 21.09 12 11 193.4 10.3 12.2 11 -42 -43 5.3 205 3 8 163.0 n/a n/a 1260 n/a n/a 16.7 n/a n/a 38 270 n/aVerint Systems 21.06 30 65 203.1 14.5 17.4 10 -4 263 7.1 146 30 60 121.3 3 n/a 1200 26 n/a 17.6 3 n/a n/a 521 n/aUnited <strong>The</strong>rapeutics 21.00 18 15 85.4 31.1 36.4 25 238 n/a 36.4 68 58 185 321.5 28 118 210 24 38 100.0 -5 -18 n/a 741 n/aAO Smith 20.97 0 12 44.1 2.1 5.1 48 34 29 4.8 984 2 16 55.7 -4 7 17650 6 9 1.2 -6 3 17 959 n/aNewport 20.94 38 45 115.6 8.7 11.5 18 n/a n/a 7.5 240 44 83 128.5 54 40 1870 -7 32 11.2 47 5 n/a 423 n/aJack Henry & Associates 20.68 26 96 29.8 6.6 17.5 69 21 36 22.2 312 15 33 104.4 n/a n/a 2989 n/a n/a 6.9 n/a n/a n/a 984 n/aNetflix 20.61 101 84 >999.9 5.2 9.7 2 -85 n/a 0.4 397 35 171 403.4 29 n/a 985 5 n/a 20.9 92 n/a n/a 726 n/aMicromuse (now part of IBM) 20.45 12 10 n/m 21.8 25.5 -4 -429 -652 -4.5 94 10 3 142.7 -11 -1 656 23 5 31.2 -9 4 52 n/l n/lGeron 20.43 17 21 n/m 569.6 596.3 -22 n/m n/m -612.5 4 485 247 39.9 329 255 90 36 2 227.0 -14 5 n/a 231 n/aGentex 20.42 14 39 25.1 6.5 16.5 81 -10 12 26.0 312 6 28 138.0 -2 10 2264 8 17 9.0 5 19 n/a 1143 n/aAsyst Technologies 20.32 -4 -13 n/m 5.7 6.4 -8 n/m n/m -2.1 357 103 97 435.4 31 122 820 55 -21 24.8 -38 -4 82 188 n/a144 <strong>The</strong> <strong>2006</strong> R&D Scoreboard<strong>The</strong> <strong>2006</strong> R&D Scoreboard 145
Ranking of the <strong>top</strong> <strong>1250</strong> global <strong>companies</strong> <strong>by</strong> R&D <strong>investment</strong> <strong>by</strong> country within region–––––––––––––––––– 2005/06 R&D <strong>investment</strong> –––––––––––––––––– ——–—–– Operating profit ——–—–– ––––––––––––––––– Sales and employees ––––––––––––––––– ————––—–––—— R&D and employees ——–—––——––––—–––––––––– Sales –––––––––– ––––– Sales / employee ––––– ––––––––– Employees ––––––––– ––––– R&D / employee ––––– Sales––––– Growth ––––– operating R&D + ––––– Growth ––––– ––––– Growth ––––– –––––– Growth ––––– ––––– Growth ––––– –––––– Growth ––––– outside –––Market cap –––change change profit sales capex as change change sales change change change change change change change change region changeCompany £m 1 yr % 4 yr % % % % sales £m 1 yr % 4 yr % % £m 1 yr % 4 yr % £000 1 yr % 4 yr % number 1 yr % 4 yr % £000 1 yr % 4 yr % % £m %1.5 USA continuedAmetek 20.27 36 46 14.7 2.4 4.0 138 22 56 16.5 836 16 31 85.3 -1 7 9<strong>800</strong> 18 23 2.1 16 19 46 1749 n/aNeurogen 20.13 56 23 n/m 457.3 481.9 -24 n/m n/m -536.7 4 -61 -43 25.2 -62 n/a 175 3 n/a 115.0 51 n/a n/a 104 n/aSalix Pharmaceuticals 20.12 70 123 n/m 22.3 23.9 -36 >-999 n/m -39.4 90 47 185 419.7 2 51 215 43 65 93.6 18 34 n/a 281 n/aMacrovision 20.02 20 99 94.0 16.9 21.2 21 -31 7 18.0 118 12 59 171.1 -2 -18 692 14 87 28.9 5 8 43 601 n/aSeaChange International 20.02 17 31 n/m 27.2 37.9 -10 -242 >-999 -13.7 74 -20 -9 109.6 -36 -37 671 26 45 29.8 -8 -10 n/a 114 n/aManhattan Associates 19.89 18 42 117.1 13.9 17.3 17 -10 -8 11.8 144 15 33 89.7 0 -13 1600 14 50 12.4 4 -7 n/a 337 n/aEss Technology 19.79 -9 8 n/m 18.7 21.3 -58 n/m >-999 -55.0 106 -29 -27 205.0 -27 -31 517 -4 7 38.3 -6 -2 100 34 n/aNDChealth(now part of Per-Se Technologies) 19.79 -3 24 97.5 7.2 13.7 20 -31 -40 7.4 276 9 5 184.1 25 21 1500 -13 -14 13.2 11 46 n/a n/l n/lTerayon Communication Systems 19.78 -21 -46 n/m 22.6 24.4 -21 n/m n/m -24.5 88 13 -32 343.9 87 63 255 -40 -57 77.6 31 23 45 38 n/aCSG Systems International 19.77 -43 -45 56.7 6.2 8.5 35 -29 -28 10.9 320 4 2 207.9 72 61 1540 -40 -37 12.8 -5 -13 n/a 735 34Steris 19.57 -5 21 30.1 2.8 7.2 65 -23 -9 9.4 688 6 17 135.0 9 14 5100 -3 2 3.8 -3 19 22 873 n/aBriggs & Stratton 19.51 29 37 14.6 1.3 4.5 134 -4 77 8.7 1546 36 65 170.4 12 31 9073 22 26 2.2 6 9 n/a 782 n/aOshkosh Truck 19.45 21 62 12.4 1.1 2.6 157 46 107 9.1 1724 31 60 216.6 12 26 7960 17 28 2.4 4 28 14 2118 n/aAdvent Software 19.44 3 -1 335.5 19.8 23.6 6 n/a n/a 5.9 98 12 9 133.5 15 23 736 -2 -12 26.4 6 11 11 568 n/aInter-Tel 19.37 15 52 146.6 7.5 9.5 13 -46 -45 5.1 258 6 14 128.0 7 2 2016 0 11 9.6 16 38 n/a 338 n/aVignette 19.35 -36 -38 >999.9 17.4 19.6 1 n/a n/a 1.2 111 23 0 150.5 22 33 738 1 -25 26.2 -37 -19 n/a 225 -13Micros Systems 19.31 22 56 41.8 5.5 7.3 46 37 175 13.3 348 23 51 106.9 9 25 3253 12 21 5.9 8 29 56 857 n/aAvanex 19.29 -21 10 n/m 20.6 21.2 -61 n/m n/m -65.6 94 50 119 118.2 83 74 792 -18 35 24.4 -4 -26 n/a 157 n/a2 Europe 82301.89 5.8 5.6 26.5 3.1 9.5 310485 20.1 95.8 11.6 2668148 6.9 13.1 188.3 3.2 10.8 14161881 1.2 -4.1 5.8 -0.9 -3.5 n/a 2948830 6.02.1 Austria 112.85 1.0 5.9 11.2 1.3 10.9 1011 38.9 162.2 12.0 8419 10.1 27.2 180.2 6.9 26.3 46720 3.1 -4.4 2.4 -2.0 18.1 n/a 10522 n/aVoest-Alpine 42.26 2 27 8.3 0.9 8.4 507 43 183 11.3 4475 13 43 183.8 11 27 24348 2 13 1.7 1 13 n/a 3108 78Telekom Austria 29.57 2 25 6.8 1.0 15.3 434 36 145 14.4 3008 8 27 208.8 2 32 14403 6 -6 2.1 -4 30 n/a 6534 8Zumtobel 21.65 -2 n/a 38.9 2.7 6.0 56 23 n/a 6.8 814 5 n/a 114.4 3 n/a 7113 2 n/a 3.0 -3 n/a 20 523 n/aAustriamicrosystems 19.38 0 3 125.7 15.8 26.2 15 86 n/a 12.6 123 11 25 143.2 6 24 856 5 0 22.6 -4 2 31 356 n/a2.2 Belgium 1039.09 20.9 21.8 28.4 4.2 8.2 3658 -7.3 27.3 14.8 24797 0.5 8.2 218.5 5.4 14.8 113513 -4.7 -5.8 9.2 26.8 23.4 n/a 36212 3.5UCB 351.11 42 99 148.5 20.2 23.7 236 -8 -20 13.6 1740 -22 -10 204.2 -22 7 8525 -1 -17 41.2 43 133 n/a 4492 -1Solvay 327.74 12 18 86.9 5.3 11.4 377 -29 -10 6.1 6220 15 13 216.5 17 4 28730 -2 7 11.4 14 10 n/a 5471 5Agfa-Gevaert 138.79 6 -11 166.9 6.1 8.5 83 -28 0 3.7 2273 -12 -25 154.4 -3 -3 14722 -9 -23 9.4 17 16 48 1585 -21Umicore 76.96 26 109 40.7 1.6 3.5 189 0 102 3.8 4954 1 56 499.7 18 52 9914 -14 6 7.8 46 116 n/a 1791 40Barco 50.38 6 -17 164.3 10.3 11.9 31 -18 31 6.3 489 6 3 113.2 8 4 4321 -2 -1 11.7 8 -17 52 574 9Dexia 32.98 586 n/a 1.8 0.8 0.8 1852 16 44 45.1 4106 6 8 206.4 5 11 19891 1 -3 1.7 577 n/a n/a 14493 4Bekaert 30.90 -17 9 24.3 2.3 9.8 127 -20 76 9.6 1315 -12 0 119.3 -2 0 11022 -10 0 2.8 -7 9 51 1110 10Belgacom 30.23 -17 -16 4.0 0.8 9.0 763 -28 27 20.6 3699 -1 0 225.7 4 14 16388 -4 -14 1.8 -13 -4 n/a 6696 n/a2.3 Croatia 70.40 -6.6 23.1 615.4 10.4 14.2 11 -87.2 -90.6 1.7 675 2.6 13.7 110.1 11.2 29.8 6137 -7.8 -12.8 11.5 1.3 39.7 42 1550 n/aPliva 70.40 -6.6 23.1 615.4 10.4 14.2 11 -87.2 -90.6 1.7 675 2.6 13.7 110.1 11.2 29.8 6137 -7.8 -12.8 11.5 1.3 39.7 42 1550 n/a2.4 Denmark 1345.21 15.6 11.5 32.7 4.4 10.3 4109 -3.2 39.2 13.5 30490 9.9 18.5 172.1 5.2 9.9 177200 4.5 7.1 7.6 10.7 -16.0 n/a 51006 n/aNovo Nordisk 468.41 17 22 60.5 15.1 26.6 774 22 35 24.9 3110 16 29 147.1 7 6 21146 8 21 22.2 8 0 60 11332 20Lundbeck 159.72 35 15 81.2 19.1 25.5 197 -16 -2 23.5 835 -7 -1 166.4 -4 -7 5022 -3 5 31.8 38 7 43 3245 -6Danisco 86.87 69 85 70.2 4.5 9.7 124 -30 -29 6.4 1926 17 22 181.1 2 1 10636 15 21 8.2 47 52 43 2159 12Novozymes 73.05 -2 8 66.2 12.6 18.3 110 12 20 19.1 579 4 10 143.8 2 1 4023 2 9 18.2 -4 -2 56 2673 n/aDanfoss 59.51 14 26 70.0 3.9 10.2 85 -8 19 5.6 1512 0 7 82.8 -4 1 18258 5 6 3.3 9 19 29 n/l n/lVestas Wind Systems 59.30 48 144 n/m 2.4 5.1 -80 n/m -284 -3.2 2462 52 114 239.0 39 36 10300 9 56 5.8 36 81 39 2849 56Grundfos 54.32 3 21 45.5 4.4 13.6 120 1 28 9.7 1236 10 21 94.3 6 9 13112 4 12 4.1 -1 8 31 n/l n/lBang & Olufsen 46.22 10 35 132.1 13.4 16.7 35 13 31 10.2 345 4 -4 149.2 22 16 2311 -15 -18 20.0 29 63 18 689 40Chr Hansen (now ALK-Abello) 40.72 -2 3 135.2 10.1 18.2 30 2 21 7.5 404 -2 -3 109.4 -3 -7 3688 1 4 11.0 -4 0 n/a 708 -16Genmab 40.69 18 35 n/m 448.4 456.7 -39 n/m n/m -434.4 9 >999 444 42.6 >999 409 213 3 35 191.0 14 -7 n/a 795 188Danske Bank 38.23 53 n/a 2.4 1.2 1.2 1588 36 45 48.1 3300 19 31 177.7 6 21 18576 12 8 2.1 36 n/a n/a 14694 25TDC (now part of Nordic Telephone) 37.58 -15 n/a 7.1 0.9 10.5 530 -52 -4 12.1 4392 9 -3 219.0 4 9 20059 5 -13 1.9 -19 n/a n/a 4307 n/aWilliam Demant 35.24 18 34 35.0 8.1 15.6 101 9 30 23.2 434 10 21 91.8 4 9 4730 5 12 7.5 12 20 52 2842 51Borealis 28.17 0 -2 12.9 0.9 5.4 219 -3 137 6.6 3308 4 24 728.1 13 39 4543 -8 -11 6.2 9 10 7 n/l n/lNKT 26.88 -4 21 70.1 3.3 6.1 38 516 n/a 4.8 806 13 35 136.5 15 26 5906 -1 7 4.6 -3 14 25 911 58Arla Foods 25.42 -20 n/a 19.1 0.6 6.0 133 -3 -3 3.1 4270 -3 12 212.7 1 4 20076 -4 7 1.3 -17 n/a n/a n/l n/lGN Store Nord 24.04 -24 -45 31.7 3.9 6.7 76 56 n/a 12.4 612 20 15 117.9 7 14 5190 12 0 4.6 -32 -44 n/a 1828 23Nyco 21.12 20 n/a n/m 6.1 9.4 -25 -170 n/a -7.2 349 -21 n/a 107.3 -27 n/a 3252 8 n/a 6.5 11 n/a n/a n/l n/lColoplast 19.71 5 n/a 21.3 3.3 9.4 93 2 16 15.4 601 8 22 97.6 6 5 6159 1 16 3.2 4 n/a n/a 1973 252.5 Finland 3239.31 3.6 5.7 70.4 5.0 9.5 4602 -9.6 -8.5 7.2 64154 4.9 5.2 211.2 8.3 9.4 303809 -3.0 -3.7 10.7 4.9 6.2 n/a 71325 11.5Nokia 2733.27 4 8 87.9 11.6 13.4 3109 5 4 13.2 23493 17 14 412.9 10 8 56896 6 6 48.0 -2 2 n/a 43545 9Metso 60.47 -15 -31 28.4 2.1 4.1 213 172 n/a 7.3 2918 7 -2 130.2 16 17 22405 -8 -16 2.7 -7 -18 55 2834 52146 <strong>The</strong> <strong>2006</strong> R&D Scoreboard<strong>The</strong> <strong>2006</strong> R&D Scoreboard 147
Ranking of the <strong>top</strong> <strong>1250</strong> global <strong>companies</strong> <strong>by</strong> R&D <strong>investment</strong> <strong>by</strong> country within region–––––––––––––––––– 2005/06 R&D <strong>investment</strong> –––––––––––––––––– ——–—–– Operating profit ——–—–– ––––––––––––––––– Sales and employees ––––––––––––––––– ————––—–––—— R&D and employees ——–—––——––––—–––––––––– Sales –––––––––– ––––– Sales / employee ––––– ––––––––– Employees ––––––––– ––––– R&D / employee ––––– Sales––––– Growth ––––– operating R&D + ––––– Growth ––––– ––––– Growth ––––– –––––– Growth ––––– ––––– Growth ––––– –––––– Growth ––––– outside –––Market cap –––change change profit sales capex as change change sales change change change change change change change change region changeCompany £m 1 yr % 4 yr % % % % sales £m 1 yr % 4 yr % % £m 1 yr % 4 yr % £000 1 yr % 4 yr % number 1 yr % 4 yr % £000 1 yr % 4 yr % % £m %2.5 Finland continuedStora Enso 60.46 7 -7 n/m 0.7 9.2 -20 -105 -105 -0.2 9061 6 4 196.3 1 -1 46166 5 5 1.3 2 -11 28 6152 -1Orion 54.62 13 -9 45.4 4.2 5.7 120 37 60 9.2 1307 -2 12 286.7 -1 29 4558 -1 -14 12.0 14 6 5 1300 2Wartsila 48.17 18 -6 33.1 2.7 5.0 146 77 705 8.0 1813 6 9 150.5 9 8 12049 -3 1 4.0 21 -7 58 1966 27TietoEnator 40.06 33 n/a 34.5 3.5 7.7 116 14 40 10.1 1155 10 27 81.2 -3 3 14236 14 24 2.8 17 n/a n/a 980 n/aUPM-Kymmene 34.36 6 8 13.4 0.5 7.8 256 -37 -60 4.0 6423 -5 -7 194.9 1 0 32949 -5 -7 1.0 12 16 27 6317 10Patria 32.71 21 99 369.0 15.0 20.2 9 -57 -4 4.1 218 -8 20 117.9 -1 35 1848 -7 -12 17.7 30 121 n/a n/l n/lKemira 29.61 -5 -3 37.1 2.2 7.9 80 -10 8 5.8 1370 -21 -23 177.6 -1 2 7717 -21 -24 3.8 19 28 n/a 1099 11Kone † 29.09 -37 -35 12.6 1.2 2.5 230 21 20 9.3 2475 -19 -15 90.9 -8 -7 27238 -12 -8 1.1 -28 -28 34 2656 28Amer Sports 27.07 26 45 52.2 2.9 4.5 52 -26 -25 5.5 937 29 25 188.6 8 1 4968 19 23 5.4 6 18 62 811 6Metsaliitto 25.63 1 11 138.1 0.4 12.1 19 694 -88 0.3 5939 1 0 198.8 0 1 29870 1 -1 0.9 0 11 12 n/l n/lOutokumpu 22.67 -20 -25 49.3 0.5 2.9 46 -88 -74 1.0 4448 -9 8 386.2 56 84 11517 -42 -41 2.0 38 27 n/a 2466 61Cargotec † 20.85 n/a n/a 15.3 1.2 3.8 136 n/a n/a 8.1 1671 n/a n/a 224.4 n/a n/a 7446 n/a n/a 2.8 n/a n/a 44 1199 n/aFinland Post 20.27 51 44 22.6 2.2 8.9 90 56 133 9.7 926 9 19 38.7 7 16 23946 2 2 0.8 49 40 n/a n/l n/l2.6 France 14158.72 5.7 11.0 23.0 2.6 8.8 61542 31.6 162.6 11.4 537643 4.1 1.3 158.0 3.5 5.1 3403569 -0.5 -13.9 4.2 0.2 5.9 n/a 542471 5.2Sanofi-Aventis 2778.62 2 57 125.9 14.8 14.8 2208 9 36 11.8 18765 7 72 193.1 7 n/a 97181 1 n/a 28.6 1 n/a 56 66208 -2Renault 1555.59 15 22 58.9 5.6 13.6 2641 -16 44 9.5 27767 -1 7 219.4 3 13 126584 -3 -5 12.3 19 29 n/a 16866 14Peugeot (PSA) 1477.94 2 10 140.4 3.8 9.0 1053 -21 -29 2.7 38661 -1 4 185.4 -2 -1 208500 1 4 7.1 1 6 n/a 6408 -27Alcatel 1231.28 15 -17 184.0 13.6 15.6 669 438 n/a 7.4 9025 7 -21 156.4 3 1 57699 4 -21 21.3 11 6 52 8608 -2Valeo 535.25 11 27 248.9 7.8 12.3 215 -7 145 3.2 6825 8 3 96.9 3 1 70400 5 3 7.6 6 23 n/a 1479 -20France Telecom 491.96 27 31 7.3 1.5 11.0 6740 27 n/a 20.0 33694 4 7 171.5 8 19 196452 -4 -10 2.5 32 45 n/a 29547 -31TOTAL 464.48 6 2 2.8 0.6 7.2 16813 33 81 20.0 84250 0 13 746.4 -1 16 112877 1 -3 4.1 5 5 42 87302 -4Michelin 388.21 -16 -19 35.9 3.6 11.8 1081 49 62 10.1 10712 -1 0 84.1 -1 0 127319 1 0 3.0 -17 -19 51 4636 -9Schneider 372.48 1 8 34.8 4.6 7.3 1069 57 277 13.3 8024 13 23 90.5 8 6 88670 4 16 4.2 -3 -7 52 12908 28Thales 346.02 16 20 137.9 4.9 7.1 251 -10 135 3.6 7052 0 -3 132.1 4 7 53367 -4 -10 6.5 20 32 39 3729 -10L'Oreal 340.94 -2 5 21.9 3.4 7.5 1555 1 9 15.6 9985 0 3 190.5 -1 0 52403 1 4 6.5 -3 2 n/a 34892 21SAFRAN 322.94 n/a n/a n/m 5.4 8.9 -217 -248 -188 -3.6 5972 144 50 115.0 n/a n/a 51918 n/a n/a 6.2 n/a n/a 41 4327 18AREVA 280.34 1 17 57.9 4.0 8.1 484 17 >999 7.0 6957 -9 11 118.4 9 2 58760 -16 8 4.8 21 7 37 459 -5Electricite de France 276.21 -5 -3 5.1 0.8 12.2 5467 137 115 15.6 35077 9 17 223.8 8 22 156765 0 -5 1.8 -6 2 n/a 55389 n/aLagardere 260.41 18 19 42.3 2.9 6.7 616 30 98 6.9 8941 -3 -1 185.3 -5 -6 48245 2 6 5.4 16 11 32 5485 -5Vivendi Universal (now Vivendi) 233.61 75 89 8.4 1.7 7.7 2796 16 n/a 20.9 13387 3 -51 360.2 8 n/a 37166 -4 -68 6.3 83 n/a 27 21053 11Saint-Gobain 209.56 0 -2 12.3 0.9 5.9 1706 11 12 7.1 24124 10 15 129.5 3 6 186266 7 9 1.1 -6 -10 30 13730 16Dassault Aviation 195.52 1 n/a 69.1 8.3 10.6 283 -14 -7 12.0 2355 -1 1 194.5 -1 0 12109 1 1 16.1 0 n/a n/a 4119 n/aALSTOM 180.02 -22 -48 68.2 1.9 3.4 264 n/a n/a 2.8 9518 1 -26 145.9 8 5 65238 -6 -30 2.8 -17 -25 51 6507 116Dassault Systemes 177.93 17 19 112.8 27.7 30.3 158 0 14 24.6 642 17 22 112.8 -8 -13 5693 28 39 31.3 -9 -15 53 3161 1Thomson 172.46 -9 -24 n/m 3.5 6.9 -149 n/m -337 -3.1 4864 -11 -24 149.8 34 38 32475 -34 -45 5.3 37 38 n/a 2337 -33Legrand 163.94 2 n/a 58.6 7.3 10.5 280 36 n/a 12.5 2232 11 n/a 73.8 -9 n/a 30237 22 n/a 5.4 -16 n/a n/a 3947 n/aPierre Fabre 106.02 6 12 204.5 10.5 14.1 52 31 25 5.1 1010 3 14 110.6 4 7 9136 0 6 11.6 7 5 n/a n/l n/lIpsen 99.23 17 14 89.0 18.3 22.8 112 17 18 20.6 542 1 7 146.5 -2 4 3699 3 3 26.8 14 11 n/a 1651 n/aL'Air Liquide 96.95 -5 33 9.7 1.4 10.3 1000 20 22 14.0 7170 11 23 199.7 11 10 35900 0 11 2.7 -5 21 n/a 13069 19Business Objects 94.68 8 73 123.1 15.1 18.9 77 55 108 12.3 627 16 83 142.0 1 25 4418 15 45 21.4 -6 20 n/a 1218 -34Bouygues 94.13 1 -25 8.0 0.6 5.5 1173 14 33 7.0 16791 15 15 141.0 12 20 119094 2 -5 0.8 -2 -21 15 9060 7Rhodia 92.07 -22 -31 48.9 2.5 7.3 188 n/a n/a 5.1 3710 2 -12 190.8 8 7 19444 -6 -18 4.7 -17 -16 n/a 1390 85BioMerieux 89.80 3 11 96.2 13.2 21.1 93 6 22 13.7 683 7 11 124.2 5 10 5498 1 1 16.3 2 10 43 1295 17Danone 85.89 -5 -4 7.1 0.9 5.5 1218 70 27 13.4 9099 -3 -3 103.2 -2 1 88184 -1 -5 1.0 -3 1 n/a 19418 26Essilor International 77.98 6 20 28.7 4.7 11.2 272 10 27 16.3 1666 7 14 66.9 4 2 24909 4 12 3.1 2 7 n/a 5497 31Burelle 72.47 152 183 138.9 4.6 9.5 52 11 23 3.3 1574 12 20 147.5 13 12 10670 0 6 6.8 154 163 28 183 31UBIsoft Entertainment 70.83 28 73 617.8 19.2 20.8 11 243 31 3.1 370 6 36 136.7 -8 2 2705 15 34 26.2 12 31 45 531 0SNPE 65.00 -17 -16 n/m 12.1 18.2 -60 n/m n/m -11.2 535 -2 -2 113.4 6 11 4719 -7 -11 13.8 -10 -5 25 n/l n/lInfogrames Entertainment 58.88 -22 -18 n/m 14.2 14.7 -5 n/m n/m -1.1 414 -14 -20 326.3 2 17 1268 -16 -33 46.4 -8 21 60 56 -70Suez 58.27 0 -37 2.3 0.2 5.4 2558 15 62 9.0 28507 2 -1 180.8 4 13 157639 -2 -13 0.4 2 -27 21 28536 65Gaz De France 50.16 -19 -31 2.5 0.3 9.2 2045 84 22 13.3 15387 24 41 290.5 -11 0 52958 39 41 0.9 -42 -51 0 18712 -3Veolia Environnement 43.22 0 n/a 3.4 0.2 6.9 1271 66 n/a 7.3 17346 2 n/a 71.8 0 n/a 241627 3 n/a 0.2 -2 n/a 19 11582 28Lafarge 37.79 2 1 2.5 0.3 8.9 1538 21 33 14.0 10972 11 13 136.9 6 10 80146 4 2 0.5 -2 -2 51 11874 26SNCF 37.79 n/a n/a 8.5 0.3 12.3 447 12 177 3.1 14425 -5 -2 70.1 6 12 205839 -10 -12 0.2 n/a n/a n/a 1186 n/aNexans 35.73 11 8 32.7 0.9 3.2 109 50 249 2.8 3844 14 24 196.3 3 11 19584 11 12 1.8 0 -3 32 1077 88Bull 35.04 -6 -34 >999.9 4.3 5.4 3 -79 n/a 0.4 806 3 -27 108.1 4 -9 7458 -1 -18 4.7 -5 -18 n/a 300 -33Neopost 33.60 25 42 23.7 5.9 11.8 142 16 54 24.9 568 9 16 119.7 7 10 4749 3 6 7.1 22 32 41 1860 11Ingenico 33.42 50 42 n/m 11.1 12.4 -27 -423 -937 -8.9 300 2 9 266.2 17 55 1128 -12 -31 29.6 71 103 41 357 66Groupe SEB 28.51 -2 11 22.7 1.7 4.9 125 6 17 7.4 1692 5 9 116.7 4 8 14505 1 1 2.0 -3 11 49 1008 -2Flamel Technologies 27.55 34 141 n/m 200.5 248.4 -21 -513 >-999 -156.3 14 -57 -16 53.1 -63 -40 259 16 51 106.4 16 69 n/a 233 10Compagnie Generale de Geophysique 27.00 17 28 63.4 4.5 18.9 43 136 90 7.1 598 26 24 151.2 17 8 3952 8 15 6.8 9 12 59 1634 144Christian Dior 26.11 -7 -21 1.5 0.3 5.0 1768 26 106 17.7 10001 10 13 173.1 12 11 57778 -2 2 0.5 -6 -23 64 9896 20Vilmorin Clause 24.46 3 17 79.6 7.1 9.6 31 -5 12 9.0 342 1 11 111.6 0 4 3065 1 7 8.0 1 9 34 570 64Eramet 21.99 -9 24 4.9 1.2 9.6 451 8 352 24.2 1863 8 24 150.8 12 31 12353 -4 -6 1.8 -5 32 50 2185 42148 <strong>The</strong> <strong>2006</strong> R&D Scoreboard<strong>The</strong> <strong>2006</strong> R&D Scoreboard 149
Ranking of the <strong>top</strong> <strong>1250</strong> global <strong>companies</strong> <strong>by</strong> R&D <strong>investment</strong> <strong>by</strong> country within region–––––––––––––––––– 2005/06 R&D <strong>investment</strong> –––––––––––––––––– ——–—–– Operating profit ——–—–– ––––––––––––––––– Sales and employees ––––––––––––––––– ————––—–––—— R&D and employees ——–—––——––––—–––––––––– Sales –––––––––– ––––– Sales / employee ––––– ––––––––– Employees ––––––––– ––––– R&D / employee ––––– Sales––––– Growth ––––– operating R&D + ––––– Growth ––––– ––––– Growth ––––– –––––– Growth ––––– ––––– Growth ––––– –––––– Growth ––––– outside –––Market cap –––change change profit sales capex as change change sales change change change change change change change change region changeCompany £m 1 yr % 4 yr % % % % sales £m 1 yr % 4 yr % % £m 1 yr % 4 yr % £000 1 yr % 4 yr % number 1 yr % 4 yr % £000 1 yr % 4 yr % % £m %2.6 France continuedTechnip 20.20 -11 -4 13.7 0.5 3.7 148 73 74 4.0 3695 5 20 176.8 -5 8 20898 10 11 1.0 -19 -13 n/a 3157 2Gameloft 19.58 n/a n/a n/m 60.8 66.2 -1 -413 n/m -2.2 32 102 355 18.0 -18 -48 1784 147 587 11.0 n/a n/a 43 198 -19BIC 19.44 14 -18 12.1 2.0 7.1 161 47 22 16.9 949 0 -4 112.0 2 1 8474 -2 -6 2.3 17 -12 n/a 1639 -4La Poste 19.24 22 n/a 3.3 0.1 3.9 587 40 123 4.4 13281 3 7 43.8 5 11 303405 -2 -3 0.1 24 n/a n/a n/l n/l2.7 Germany 25739.69 2.0 -2.2 58.2 4.1 11.5 44192 15.1 102.8 7.1 626258 5.1 7.1 167.5 4.6 6.1 3738393 0.8 0.3 6.9 0.7 -0.2 n/a 387262 8.6DaimlerChrysler 3881.41 0 -3 194.5 3.8 8.2 1995 -14 89 1.9 102911 5 3 266.3 3 0 386465 2 3 10.0 -2 -6 n/a 27772 -13Siemens 3541.98 2 -11 164.7 6.8 13.9 2151 4 161 4.1 51838 0 -6 118.0 -4 -6 439400 5 0 8.1 -3 -11 n/a 38818 -4Volkswagen 2799.92 -2 0 147.2 4.3 17.3 1902 57 -9 2.9 65458 7 7 202.1 6 3 323831 1 4 8.6 -3 -3 27 14655 -6BMW 2140.31 11 30 85.2 6.7 27.3 2511 -1 8 7.8 32057 5 12 309.6 5 8 103546 0 4 20.7 11 26 n/a 17746 6Robert Bosch 2013.88 1 14 117.3 7.0 13.9 1717 5 48 5.9 28869 5 16 115.1 0 5 250862 5 10 8.0 -4 4 34 n/l n/lBayer 1295.86 -22 -23 66.6 6.9 11.6 1947 77 646 10.3 18815 -8 -7 202.0 12 17 93163 -18 -21 13.9 -4 -3 56 20037 35Boehringer Ingelheim 934.45 10 15 70.7 14.3 19.8 1321 40 89 20.2 6551 17 28 175.1 10 10 37406 6 16 25.0 4 -1 67 n/l n/lInfineon Technologies 854.06 9 17 n/m 18.4 39.1 -271 -606 n/m -5.8 4644 -6 46 128.4 -11 29 36158 6 13 23.6 2 3 62 4397 10SAP 748.00 7 14 46.5 12.8 15.6 1607 17 60 27.5 5849 13 16 169.3 2 -1 34550 11 18 21.7 -4 -3 n/a 31037 -1BASF 746.39 -7 -7 17.8 2.5 7.7 4196 38 126 14.3 29370 14 26 362.6 15 37 80992 -1 -8 9.2 -6 1 44 22136 -3Schering (now part of Bayer) 679.54 6 7 106.1 18.6 22.6 640 30 47 17.6 3647 8 8 145.7 13 12 25037 -4 -4 27.1 11 11 n/a 12046 70Merck 489.90 19 21 89.6 12.1 16.7 547 24 32 13.6 4033 0 -16 139.4 0 -4 28927 0 -12 16.9 19 37 54 9342 266Continental 405.66 11 19 37.9 4.3 10.4 1069 41 147 11.2 9507 10 18 117.3 0 -1 81085 10 19 5.0 1 0 29 7836 19ZF 384.09 7 16 111.4 5.2 10.0 345 33 149 4.6 7443 9 25 138.0 11 12 53940 -1 11 7.1 9 5 28 n/l n/lMAN 375.84 37 33 74.1 3.7 5.7 507 24 85 5.0 10080 -2 -6 171.2 5 15 58888 -6 -19 6.4 46 62 n/a 5816 44ALTANA 319.47 4 23 69.5 14.2 18.8 460 9 27 20.5 2248 10 23 169.9 -11 -8 13229 24 34 24.1 -16 -8 49 4340 -1Deutsche Telekom 297.51 0 -45 5.5 0.7 14.6 5385 10 n/a 13.2 40954 4 11 167.8 5 13 244026 -1 -2 1.2 1 -44 20 36391 -28Henkel 222.62 19 15 26.5 2.7 6.0 841 -38 42 10.2 8227 13 12 159.1 9 12 51724 4 1 4.3 15 14 n/a 9068 22Hella 181.46 54 69 243.2 8.6 15.8 75 11 n/a 3.5 2110 -2 3 88.8 -4 -1 23758 2 4 7.6 51 63 n/a n/l n/lSchwarz Pharma 177.91 31 81 n/m 26.1 29.1 -11 n/m -114 -1.6 681 5 -5 166.0 -3 -14 4100 8 11 43.4 21 64 47 2309 52Heidelberger Druckmaschinen 169.57 1 -32 102.5 6.9 10.7 165 66 n/a 6.7 2464 7 -11 131.8 11 11 18698 -4 -20 9.1 5 -15 48 1820 -2Carl Zeiss 158.03 10 26 109.5 10.4 14.7 144 73 97 9.5 1527 4 5 123.5 14 18 12360 -9 -11 12.8 21 42 37 n/l n/lLinde 155.97 21 28 24.8 2.4 9.9 628 41 73 9.6 6528 1 5 155.1 9 14 42081 -8 -8 3.7 31 39 29 6970 3Behr 147.73 10 21 171.3 7.0 12.9 86 2 26 4.1 2097 0 10 115.8 -6 -4 18103 7 15 8.2 3 6 36 n/l n/lThyssenKrupp 127.80 -3 0 9.4 0.4 4.0 1363 10 94 4.7 28902 7 12 154.4 7 14 187216 0 -2 0.7 -2 1 n/a 9877 77JM Voith 122.99 20 28 82.6 5.0 10.0 149 17 27 6.1 2440 9 9 87.9 -3 -3 27743 13 13 4.4 7 13 45 n/a n/aDeutsche Post 120.24 -40 -16 4.9 0.4 3.5 2430 20 77 7.9 30640 3 14 78.8 1 7 388859 2 7 0.3 -41 -20 n/a 15668 -1Freudenberg 113.71 12 28 50.3 3.4 10.5 226 9 28 6.8 3323 9 19 99.4 5 4 33420 4 15 3.4 7 13 n/a n/l n/lDiehl Stiftung 109.94 -1 -4 359.3 9.7 12.9 31 -27 -27 2.7 1132 3 9 110.0 7 11 10294 -3 -2 10.7 2 -2 n/a n/l n/lRheinmetall 107.19 3 -16 71.9 4.5 10.0 149 9 66 6.3 2373 1 -18 128.9 5 12 18415 -3 -27 5.8 6 14 22 1758 7Fresenius 102.38 12 16 15.4 1.9 6.3 666 15 26 12.3 5421 9 8 75.7 3 -5 71611 6 13 1.4 6 2 62 10824 366Wacker-Chemie 100.93 -3 -4 61.0 5.3 15.8 166 76 266 8.7 1893 8 5 131.2 15 19 14434 -6 -12 7.0 3 8 49 3277 n/aKnorr-Bremse 91.11 7 13 52.6 4.8 9.3 173 15 61 9.2 1885 13 31 164.9 9 21 11429 4 8 8.0 2 4 38 n/l n/lRWE 87.26 -1 -69 2.5 0.3 9.9 3457 0 24 12.4 27840 -1 -13 322.1 21 35 86426 -19 -36 1.0 22 -49 n/a 26955 27Tchibo 74.89 8 n/a 12.6 1.2 3.5 596 10 29 9.9 6038 5 75 203.9 3 1 29619 2 70 2.5 5 n/a 15 n/l n/lDragerwerk 74.45 4 24 82.6 6.6 9.5 90 32 93 8.0 1121 7 18 115.7 8 20 9687 -1 -2 7.7 5 26 37 221 4Trumpf 73.52 9 46 75.8 7.7 11.1 97 39 48 10.1 959 14 32 160.7 12 23 5970 2 8 12.3 7 37 n/a n/l n/lLanxess 69.40 n/a n/a n/m 1.4 4.8 -5 n/a n/a -0.1 4913 n/a n/a 268.7 n/a n/a 18282 n/a n/a 3.8 n/a n/a 44 1729 n/aB Braun Melsungen 66.87 3 3 39.0 3.2 9.8 171 23 40 8.2 2079 8 18 67.1 4 10 30973 4 7 2.2 0 -4 40 n/l n/lCognis Deutschland 63.21 39 31 167.3 2.9 6.7 38 -48 -44 1.7 2182 3 3 274.9 5 13 7938 -2 -8 8.0 42 44 49 n/l n/lKrones 56.75 n/a n/a 91.4 4.9 7.9 62 -11 -9 5.3 1165 12 25 132.7 9 21 8777 3 4 6.5 n/a n/a n/a 774 n/aWincor Nixdorf 53.60 7 23 70.7 4.5 6.3 76 30 86 6.3 1198 11 20 181.8 -6 -14 6590 18 38 8.1 -9 -11 n/a 1263 49Deutsche Borse 49.68 -14 -33 10.6 4.0 4.0 470 51 72 37.5 1253 15 44 394.1 11 3 3179 3 34 15.6 -17 -61 n/a 7823 39EPCOS 48.30 -1 -14 n/m 5.7 17.7 -62 -250 -270 -7.3 850 -9 -15 52.9 -12 -28 16085 3 17 3.0 -4 -28 n/a 474 -26ZF Lenksysteme 47.14 5 n/a 113.0 3.1 6.4 42 28 n/a 2.7 1531 8 30 164.0 n/a n/a 9337 n/a n/a 5.0 n/a n/a 19 n/l n/lGiesecke & Devrient 46.46 8 -10 82.8 5.5 9.8 56 24 43 6.6 848 7 12 114.3 5 3 7425 1 9 6.3 7 -18 n/a n/l n/lEberspaecher 45.62 1 4 246.7 4.1 7.6 18 4 52 1.6 1126 12 17 190.0 -4 1 5925 16 15 7.7 -13 -10 n/a n/l n/lAdidas-Salomon 43.29 -28 -27 9.4 0.9 3.8 461 16 33 10.1 4559 2 5 264.1 -3 -9 17265 6 15 2.5 -32 -37 51 5038 -3Deutz 43.29 -9 15 125.7 4.8 8.8 34 230 162 3.8 909 6 11 174.0 13 21 5223 -6 -8 8.3 -4 24 33 425 11Claas 41.18 -17 -5 56.7 2.8 4.7 73 79 78 4.9 1495 13 49 184.0 13 23 8122 0 22 5.1 -17 -22 n/a n/l n/lGEA 40.51 1 -35 23.6 1.1 2.5 172 >999 86 4.6 3745 34 -22 177.8 68 20 21067 -20 -33 1.9 26 -2 n/a 1701 27Salzgitter 39.51 1 10 6.6 0.8 4.4 599 116 336 12.2 4914 20 42 279.5 21 46 17583 0 -3 2.2 1 13 28 2715 111Koenig & Bauer 38.07 -5 10 189.1 3.4 5.2 20 52 35 1.8 1114 14 22 141.3 7 15 7882 7 7 4.8 -11 3 38 267 36Heraeus 37.10 n/a n/a 31.1 0.6 1.3 119 -10 -10 1.9 6398 13 29 606.9 3 15 10541 10 12 3.5 n/a n/a 46 n/l n/lIWKA 35.10 -14 -13 n/m 2.5 3.7 -56 -201 -207 -3.9 1422 -5 -9 123.3 10 4 11537 -13 -12 3.0 -1 -2 n/a 315 -9GPC Biotech 31.84 68 130 n/m 496.1 496.1 -45 n/m n/m -696.9 6 -26 -44 28.9 -43 -53 222 30 19 143.4 29 89 n/a 245 12Grammer 31.01 38 n/a 146.2 5.3 9.0 21 -22 -17 3.6 590 4 10 72.0 0 1 8197 5 10 3.8 32 n/a 23 139 n/aLeoni 30.64 1 18 43.4 2.9 6.7 71 65 54 6.6 1064 24 36 33.2 2 -15 32045 21 57 1.0 -17 -22 n/a 579 14Software 29.68 -12 -27 44.8 9.9 11.7 66 15 97 22.0 301 6 -8 110.8 -2 1 2717 8 -9 10.9 -19 -20 n/a 855 15150 <strong>The</strong> <strong>2006</strong> R&D Scoreboard<strong>The</strong> <strong>2006</strong> R&D Scoreboard 151
Ranking of the <strong>top</strong> <strong>1250</strong> global <strong>companies</strong> <strong>by</strong> R&D <strong>investment</strong> <strong>by</strong> country within region–––––––––––––––––– 2005/06 R&D <strong>investment</strong> –––––––––––––––––– ——–—–– Operating profit ——–—–– ––––––––––––––––– Sales and employees ––––––––––––––––– ————––—–––—— R&D and employees ——–—––——––––—–––––––––– Sales –––––––––– ––––– Sales / employee ––––– ––––––––– Employees ––––––––– ––––– R&D / employee ––––– Sales––––– Growth ––––– operating R&D + ––––– Growth ––––– ––––– Growth ––––– –––––– Growth ––––– ––––– Growth ––––– –––––– Growth ––––– outside –––Market cap –––change change profit sales capex as change change sales change change change change change change change change region changeCompany £m 1 yr % 4 yr % % % % sales £m 1 yr % 4 yr % % £m 1 yr % 4 yr % £000 1 yr % 4 yr % number 1 yr % 4 yr % £000 1 yr % 4 yr % % £m %2.7 Germany continuedHeidelbergCement 29.55 -2 -3 4.3 0.6 7.3 691 828 116 12.9 5361 13 18 129.9 15 8 41260 -2 9 0.7 0 -12 n/a 7767 73PUMA 28.86 14 52 10.6 2.4 5.5 273 9 96 22.4 1221 16 65 276.0 -9 -3 4425 27 73 6.5 -11 -13 38 3271 32Gildemeister 27.89 6 -8 73.1 3.6 5.2 38 32 36 4.9 774 7 7 147.2 4 4 5256 3 3 5.3 4 -11 12 237 29Jungheinrich 27.64 6 24 38.0 2.4 13.1 73 48 46 6.4 1130 7 9 126.6 8 12 8930 -1 -3 3.1 7 27 0 239 12WCM 25.05 -1 n/a n/m 3.9 3.9 -15 n/m n/m -2.3 640 2 4 98.1 7 -35 6526 -4 48 3.8 3 n/a 44 49 n/aBeru † 24.79 15 41 75.5 8.8 17.0 33 -7 -11 11.7 280 6 21 103.0 4 5 2720 2 15 9.1 13 24 23 533 11Sartorius 24.58 21 33 88.7 7.4 9.3 28 33 122 8.3 333 4 6 91.8 6 9 3623 -2 -3 6.8 24 37 42 393 40Stada Arzneimittel 23.69 32 24 27.1 3.4 4.8 87 53 72 12.5 702 26 50 180.4 -17 -13 3892 51 73 6.1 -12 -32 6 1369 27Jenoptik 23.67 8 14 n/m 1.8 3.7 -19 -161 -181 -1.5 1315 -24 -5 138.7 -20 -13 9486 -6 7 2.5 15 5 35 240 -15Sud-Chemie 23.64 11 16 47.9 3.5 8.9 49 46 101 7.4 670 13 23 130.8 12 9 5126 1 12 4.6 10 2 49 407 13Porsche 23.12 -29 n/a 2.8 0.5 13.5 838 9 42 18.5 4517 7 25 381.0 5 10 11854 2 14 2.0 -30 n/a 42 4689 n/aSudzucker 20.61 9 18 7.3 0.6 8.3 281 -23 1 7.6 3674 11 15 184.6 -3 5 19903 14 8 1.0 -4 6 n/a 2502 12ELMOS Semiconductor 20.41 15 38 n/m 20.2 35.6 -120 -766 -923 -118.5 101 3 22 98.2 -7 -4 1028 11 26 19.9 4 10 22 107 -392.8 Greece 19.98 -46.1 -52.8 49.7 4.7 4.7 40 15.5 -52.1 9.4 426 -3.2 -23.3 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 455 9.6Intracom 19.98 -46.1 -52.8 49.7 4.7 4.7 40 15.5 -52.1 9.4 426 -3.2 -23.3 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 455 9.62.9 Hungary 34.35 19.0 45.1 31.2 7.4 25.7 110 8.4 42.4 23.5 467 15.4 32.3 57.8 n/a n/a 8084 n/a n/a 4.2 n/a n/a 19 2210 29.9Gedeon Richter 34.35 19.0 45.1 31.2 7.4 25.7 110 8.4 42.4 23.5 467 15.4 32.3 57.8 n/a n/a 8084 n/a n/a 4.2 n/a n/a 19 2210 29.92.10 Iceland 33.33 21.6 -14.9 n/m 156.0 166.9 -40 n/m n/m -188.0 21 -13 -9.2 44.5 -22.2 -10.7 480 11.9 -2.3 69.4 8.7 -13 42 164 n/adeCODE genetics 33.33 21.6 -14.9 n/m 156.0 166.9 -40 n/m n/m -188.0 21 -13 -9.2 44.5 -22.2 -10.7 480 11.9 -2.3 69.4 8.7 -13 42 164 n/a2.11 Ireland 221.89 20.7 -2.1 n/m 6.7 10.5 -43 n/m n/m -1.3 3292 6.0 5.2 131.2 -0.7 -8.6 25090 6.8 14.6 8.8 13.0 -15.7 37 6418 37.1Elan 136.18 26 -19 n/m 54.7 64.7 -282 n/m n/m -113.5 249 -8 -60 135.6 -8 -24 1835 0 -45 74.2 26 43 68 4401 120Kerry 85.71 12 48 35.8 2.8 6.1 239 48 49 7.9 3044 7 22 130.9 0 -3 23255 7 25 3.7 5 20 35 2017 -252.12 Italy 2934.32 11.5 27.4 12.2 2.2 9.4 23988 38.8 126.6 17.8 134981 17.1 22.0 246.6 9.4 20.3 547464 -3.8 -10.3 5.4 -5.8 -8.8 n/a 153811 8.9Finmeccanica 1199.67 20 54 254.1 15.6 18.9 472 n/a 139 6.2 7672 48 56 145.2 30 26 52844 14 24 22.7 5 26 n/a 4968 15Fiat 905.59 n/a n/a 120.8 2.9 8.7 750 n/a n/a 2.4 31481 n/a n/a 185.1 n/a n/a 170071 n/a n/a 5.3 n/a n/a 33 9468 n/aENI 138.79 -21 -7 1.2 0.3 9.2 12023 47 86 23.7 50658 26 43 710.5 27 49 71303 0 -5 1.9 -21 -3 n/a 66050 -1Telecom Italia 123.68 29 n/a 2.5 0.6 11.4 5021 11 213 23.3 21510 0 0 278.0 15 30 77382 -13 -24 1.6 49 n/a 12 27592 8Pirelli 119.56 -12 -19 28.1 2.7 6.4 426 55 645 9.8 4354 -11 -8 183.5 27 43 23725 -30 -36 5.0 25 27 n/a 2559 -16Banca Intesa 96.88 n/a n/a 3.4 1.5 1.5 2873 52 290 45.2 6356 12 -1 108.3 13 11 58703 0 -11 1.7 n/a n/a n/a 23267 42Sanpaolo IMI 71.46 n/a n/a 3.4 1.4 1.4 2077 32 87 39.2 5295 33 19 121.9 33 15 43426 0 3 1.6 n/a n/a n/a 15454 27FastWeb 64.87 n/a n/a n/m 9.8 70.6 -80 n/m n/m -12.1 665 34 124 256.8 10 n/a 2589 23 n/a 25.1 n/a n/a n/a 1724 -8Italtel 46.40 8 -24 126.7 12.4 14.2 37 21 495 9.8 375 3 -20 161.2 3 4 2327 0 -23 19.9 8 0 6 n/l n/lSorin 34.12 -8 -6 305.5 6.6 9.2 11 n/a n/a 2.2 517 5 -11 109.2 6 -1 4737 -1 -11 7.2 -7 5 39 488 -18Recordati 30.89 20 32 40.9 7.7 9.4 75 28 57 18.8 401 19 23 205.9 10 25 1946 8 -2 15.9 11 34 11 796 -9Zambon 21.30 -3 n/a 113.0 7.2 12.6 19 -38 n/a 6.3 298 -6 n/a 126.6 -3 n/a 2352 -3 n/a 9.1 -1 n/a 13 n/l n/lIMMSI 21.18 -20 n/a 73.3 2.0 6.3 29 -14 n/a 2.7 1063 36 n/a 149.3 26 n/a 7124 8 n/a 3.0 -26 n/a n/a 412 24Barilla GeR Fratelli 20.61 n/a n/a 16.4 1.2 1.2 125 22 n/a 7.2 1741 1 n/a 237.8 -1 n/a 7321 2 n/a 2.8 n/a n/a n/a n/l n/lBrembo 19.74 n/a n/a 40.7 4.0 15.6 48 7 38 9.9 489 5 18 113.5 -4 0 4308 9 19 4.6 n/a n/a 13 361 23Indesit 19.58 60 n/a 24.3 0.9 5.0 80 -40 -37 3.8 2105 -1 16 121.7 4 9 17306 -5 7 1.1 68 n/a n/a 673 n/a2.13 Liechtenstein 86.05 6.4 32.0 60.3 5.4 9.5 143 16.3 38.6 8.9 1608 10.3 17.1 100.2 3.9 7.2 16050 6.2 9.3 5.4 0.2 21.0 34 n/l n/lHilti 86.05 6.4 32.0 60.3 5.4 9.5 143 16.3 38.6 8.9 1608 10.3 17.1 100.2 3.9 7.2 16050 6.2 9.3 5.4 0.2 21.0 34 n/l n/l2.14 Luxembourg 198.30 -2.7 -19.0 4.3 0.7 6.2 4571 43.3 353.5 15.0 30395 13.6 42.5 236.7 17.4 39.0 128402 3.4 10.1 1.5 15.3 -9.0 53 32026 213.6Arcelor 94.82 2 -2 3.0 0.4 6.7 3163 28 321 14.1 22407 8 37 229.4 6 27 97695 2 8 1.0 0 -14 n/a 18133 128Basell AF SCA † 44.89 n/a n/a 27.7 1.3 4.2 162 n/a n/a 4.7 3419 n/a n/a 512.8 n/a n/a 6667 n/a n/a 6.7 n/a n/a 28 n/l n/lGemplus International(now part of Gemalto, <strong>The</strong> Netherlands) 38.38 -23 -39 91.4 6.0 8.6 42 200 n/a 6.5 645 9 10 101.6 -6 -1 6347 16 11 6.0 -33 -44 48 581 -39Tenaris 20.21 32 n/a 1.7 0.5 4.4 1205 106 280 30.7 3924 63 97 221.8 51 64 17693 8 20 1.1 23 n/a 77 13311 9172.15 Norway 260.83 37.2 26.0 1.9 0.4 14.9 13790 47.7 94.1 23.3 59142 24.7 35.4 485.7 4.2 22.2 121768 19.6 10.3 2.1 14.7 14.1 15.0 76611 29.1Statoil 91.70 4 25 1.1 0.3 12.0 8052 44 88 24.0 33596 29 53 1310.1 20 14 25644 7 33 3.6 -3 -5 14 37271 23Norsk Hydro 61.59 -6 -11 1.5 0.4 21.7 4041 41 90 27.0 14986 12 8 444.7 23 29 33695 -9 -16 1.8 3 6 19 20333 30Telenor 60.99 68 22 5.4 1.0 21.0 1126 91 194 19.0 5929 13 36 214.8 -12 8 27600 30 25 2.2 29 -2 14 13145 51Orkla 46.54 n/m 221 8.1 1.0 6.6 571 96 90 12.3 4631 71 32 133.0 -4 8 34829 77 21 1.3 n/m 192 n/a 5863 n/a2.16 Russia 132.63 12.0 99.4 1.4 0.5 22.8 9440 66.2 102.3 33.7 28040 41.6 83.0 70.6 n/a n/a 397000 n/a n/a 0.3 n/a n/a n/a 11940 -75.1Gazprom 132.63 12.0 99.4 1.4 0.5 22.8 9440 66.2 102.3 33.7 28040 41.6 83.0 70.6 n/a n/a 397000 n/a n/a 0.3 n/a n/a n/a 11940 -75.1152 <strong>The</strong> <strong>2006</strong> R&D Scoreboard<strong>The</strong> <strong>2006</strong> R&D Scoreboard 153
Ranking of the <strong>top</strong> <strong>1250</strong> global <strong>companies</strong> <strong>by</strong> R&D <strong>investment</strong> <strong>by</strong> country within region–––––––––––––––––– 2005/06 R&D <strong>investment</strong> –––––––––––––––––– ——–—–– Operating profit ——–—–– ––––––––––––––––– Sales and employees ––––––––––––––––– ————––—–––—— R&D and employees ——–—––——––––—–––––––––– Sales –––––––––– ––––– Sales / employee ––––– ––––––––– Employees ––––––––– ––––– R&D / employee ––––– Sales––––– Growth ––––– operating R&D + ––––– Growth ––––– ––––– Growth ––––– –––––– Growth ––––– ––––– Growth ––––– –––––– Growth ––––– outside –––Market cap –––change change profit sales capex as change change sales change change change change change change change change region changeCompany £m 1 yr % 4 yr % % % % sales £m 1 yr % 4 yr % % £m 1 yr % 4 yr % £000 1 yr % 4 yr % number 1 yr % 4 yr % £000 1 yr % 4 yr % % £m %2.17 Slovenia 27.57 14.8 36.6 34.1 7.2 21.7 81 61.2 95.3 21.3 381 17.2 40.4 72.9 4.9 13.1 5224 11.7 24.3 5.3 2.8 10.3 0 1683 91.6Krka 27.57 14.8 36.6 34.1 7.2 21.7 81 61.2 95.3 21.3 381 17.2 40.4 72.9 4.9 13.1 5224 11.7 24.3 5.3 2.8 10.3 0 1683 91.62.18 Spain 730.38 12.9 9.4 7.0 1.1 9.5 10411 50.6 138.2 15.8 65689 22.6 28.5 246.1 1.4 5.0 266870 20.9 22.5 2.7 -6.6 -10.8 n/a 70379 n/aTelefonica 373.78 18 14 6.7 1.4 13.0 5586 49 211 21.5 26029 25 29 133.4 0 4 195086 24 25 1.9 -5 -9 41 45276 -3Amadeus <strong>Global</strong> Travel † 125.18 19 32 43.8 7.6 11.2 286 24 42 17.2 1656 17 26 246.7 1 -13 6715 17 42 18.6 2 -9 34 n/l n/lIndra Sistemas 59.02 9 17 61.5 7.1 8.3 96 32 59 11.6 826 11 30 108.9 -4 6 7584 16 22 7.8 -6 -4 12 1589 n/aRepsol YPF 43.29 11 -44 1.0 0.1 6.6 4183 63 100 12.3 33921 22 27 962.6 12 20 35239 9 6 1.2 1 -47 n/a 18664 -8Abengoa 38.33 139 151 33.9 2.8 17.2 113 31 73 8.1 1390 16 29 125.5 -3 5 11082 19 23 3.5 101 108 42 1156 62Industria de Turbo Propulsores 34.84 -38 -23 315.1 13.5 13.5 11 -57 -44 4.3 259 -1 -2 108.6 -6 -10 2384 6 8 14.6 -42 -28 n/a n/l n/lZeltia 31.39 24 11 n/m 63.4 66.6 -28 n/m n/m -56.0 50 -9 4 83.7 -18 -7 592 11 12 53.0 12 0 0 877 7Gamesa 24.55 -28 -17 15.0 1.6 6.1 164 -13 14 10.5 1559 31 77 190.4 15 27 8188 13 42 3.0 -37 -43 n/a 2817 442.19 Sweden 4308.63 13.7 1.9 38.5 4.6 10.7 11179 25.2 164.6 12.0 92785 10.4 15.0 154.5 9.8 14.0 600492 0.5 0.9 7.2 13.1 1.1 n/a 107339 6.5Ericsson 1875.74 16 -19 77.4 16.9 19.1 2424 15 n/a 21.8 11112 15 -3 205.0 10 24 54195 5 -22 34.6 11 4 n/a 29102 -15Volvo 772.97 18 33 61.0 4.4 9.1 1267 35 342 7.2 17607 14 25 216.9 10 13 81184 4 10 9.5 14 21 48 13202 21Autoliv 224.72 5 40 74.2 6.2 11.3 303 -1 41 8.4 3614 1 25 106.0 2 15 34100 -1 9 6.6 6 30 n/a 2690 11TeliaSonera 210.42 3 48 16.3 3.3 15.1 1289 -3 175 20.1 6416 7 25 234.1 -1 6 27403 8 17 7.7 -4 29 8 15387 15Scania 203.10 20 31 40.7 4.3 16.3 499 8 56 10.6 4704 11 23 157.5 8 13 29869 3 9 6.8 17 20 n/a 5243 5Electrolux 160.07 7 19 52.4 1.7 5.4 306 -11 -19 3.2 9476 7 1 136.3 12 15 69523 -4 -13 2.3 11 36 54 2614 -38Sandvik 116.59 -5 3 16.8 2.5 7.7 694 32 60 15.0 4638 16 26 118.9 12 18 39016 4 7 3.0 -8 -4 55 7283 15Atlas Copco 92.29 -1 6 13.2 2.4 17.0 700 44 137 18.1 3860 8 10 147.0 11 9 26258 -2 0 3.5 1 5 67 8876 40Vattenfall 78.83 33 80 3.8 0.8 10.3 2083 90 106 22.0 9453 14 32 293.3 17 30 32231 -2 2 2.4 36 71 n/a n/l n/lSKF 62.14 7 7 16.0 1.7 5.0 389 26 43 10.8 3607 10 15 96.3 13 17 37454 -3 -2 1.7 10 8 44 3750 10SAAB 61.77 5 7 60.8 4.4 6.0 102 -12 17 7.2 1414 8 15 117.7 9 25 1<strong>2006</strong> -1 -8 5.1 6 17 26 1496 43Gambro (now part of Investor) 54.24 21 34 24.9 2.9 9.2 218 n/a 308 11.7 1860 -5 -5 97.1 7 3 19143 -11 -8 2.8 35 46 n/a n/l n/lTrelleborg 48.23 7 28 40.2 2.7 5.6 120 81 74 6.8 1769 5 25 81.5 5 -2 21694 0 27 2.2 7 0 29 854 -4SCA 45.16 -6 -18 34.7 0.6 8.3 130 -69 -78 1.8 7055 7 12 138.6 5 -3 50916 2 15 0.9 -8 -29 27 5748 20Assa Abloy 43.04 18 35 14.5 2.1 4.5 297 46 88 14.6 2035 9 14 68.8 7 7 29578 1 7 1.5 16 27 51 3367 18Biovitrum 42.16 8 37 n/m 61.5 76.5 -8 n/m >-999 -12.3 69 19 -14 113.5 14 -16 604 4 2 69.8 3 32 n/a n/l n/lIntentia International 32.86 -3 -6 532.6 15.1 15.4 6 n/a n/a 2.8 218 0 -11 99.7 21 26 2189 -17 -30 15.0 16 32 n/a 279 23Alfa Laval 32.78 11 22 33.7 2.7 4.7 97 10 18 8.1 1195 9 10 125.5 8 9 9524 1 1 3.4 9 20 51 2155 89Getinge 30.18 4 47 22.9 3.5 5.7 132 20 51 15.2 870 9 29 120.9 2 6 7191 7 22 4.2 -3 22 n/a 1998 31Haldex 27.59 14 24 96.4 5.0 9.4 29 25 86 5.2 548 11 18 119.0 4 5 4606 7 12 6.0 7 10 54 260 10Hexagon 27.15 116 204 96.4 3.9 7.4 28 -39 -8 4.0 705 17 35 115.4 13 21 6111 3 12 4.4 109 175 33 1623 140IBS 24.81 8 14 450.1 14.3 15.7 6 94 n/a 3.2 174 0 -4 92.8 3 6 1874 -2 -10 13.2 11 25 n/a 151 18Industrial and Financial Systems 22.54 20 28 338.5 14.3 15.0 7 n/a n/a 4.2 157 -1 -17 64.1 7 3 2453 -8 -19 9.2 31 56 n/a 164 15OMX 19.25 119 6 31.1 8.4 8.4 62 83 n/a 27.0 230 8 13 167.5 19 32 1370 -10 -15 14.1 143 25 16 1097 252.20 Switzerland 8859.74 9.2 21.6 48.3 6.8 11.2 18335 13.6 53.3 14.1 130232 7.6 8.1 164.0 4.7 10.5 794052 2.7 -3.2 11.1 6.9 23.9 n/a 343417 16.7Novartis 2822.69 15 34 68.3 15.0 18.8 4134 6 17 22.0 18763 14 26 206.4 2 6 90924 12 20 31.0 3 13 n/a 89341 12Roche 2521.44 12 27 65.9 16.1 25.7 3827 16 138 24.4 15695 14 17 230.1 8 13 68218 5 4 37.0 6 22 63 89009 21Nestle 662.51 6 20 12.9 1.6 5.4 5134 15 34 12.8 40252 5 5 161.0 4 3 250000 1 2 2.7 5 18 n/a 77382 15Syngenta 478.80 2 11 95.4 10.1 12.3 502 101 139 10.6 4720 11 23 244.1 13 36 19337 -1 -10 24.8 3 23 n/a 8670 26ABB 427.54 6 17 47.6 3.2 3.2 898 152 n/a 6.8 13188 9 11 126.8 8 35 104000 1 -19 4.1 5 40 50 16469 89Serono 354.09 -1 38 n/m 23.5 29.4 -74 -124 -131 -4.9 1506 5 43 317.2 9 41 4750 -3 2 74.5 2 36 n/a 4245 -8Liebherr 158.03 15 n/a 77.0 5.0 10.5 205 18 n/a 6.5 3154 12 n/a 141.8 6 n/a 22245 6 n/a 7.1 9 n/a n/a n/l n/lCiba Specialty Chemicals 133.03 5 6 n/m 4.1 7.8 -58 -124 -121 -1.8 3279 6 6 171.6 7 6 19105 -1 0 7.0 6 6 55 2138 -18Givaudan 97.23 6 6 42.9 7.9 13.7 227 6 23 18.5 1228 4 6 207.3 3 3 5924 0 3 16.4 5 3 63 3367 19Clariant 96.35 -20 -35 66.1 2.7 6.9 146 -29 96 4.0 3616 -4 -10 154.6 2 5 23383 -6 -14 4.1 -16 -24 35 1584 -22Actelion 75.78 26 94 112.6 25.8 29.6 67 60 660 23.0 293 41 173 285.3 16 76 1028 21 76 73.7 4 5 52 1644 13Kudelski 73.17 17 235 133.5 24.1 30.5 55 39 364 18.0 304 15 52 187.7 n/a n/a 1618 n/a n/a 45.2 n/a n/a 40 605 n/aMicronas Semiconductor 67.49 19 55 203.7 18.1 26.1 33 -57 -33 8.9 373 -12 13 168.7 -24 -13 2214 15 31 30.5 3 19 54 428 -46Synthes 66.89 5 62 17.4 5.5 14.4 384 29 90 31.8 1210 17 55 168.8 -10 -11 7169 30 73 9.3 -20 -5 n/a 7833 -6Swatch 65.85 -6 -4 20.3 3.5 7.8 325 13 18 17.1 1897 8 6 91.5 8 5 20730 0 1 3.2 -5 -4 51 6280 16Unaxis 65.41 -18 -15 510.3 9.2 14.7 13 n/a n/a 1.8 709 -13 -9 110.3 -10 -4 6434 -3 -6 10.2 -15 -10 39 2344 94Rieter 63.95 7 8 79.1 4.6 10.3 81 -12 -8 5.8 1397 0 2 95.3 -8 -8 14652 8 11 4.4 -1 -3 53 996 22Georg Fischer 54.80 9 2 50.0 3.4 6.8 110 53 277 6.7 1632 4 4 131.6 4 14 12403 1 -9 4.4 8 12 24 1080 56Logitech International 51.23 19 45 44.2 4.9 7.9 116 16 48 11.1 1047 21 50 145.2 16 15 7208 4 30 7.1 14 11 n/a 2258 3Endress & Hauser 51.00 6 n/a 75.2 8.4 15.0 68 48 150 11.1 608 13 19 90.5 6 7 6719 7 10 7.6 -1 n/a 38 n/l n/lSaurer 49.16 -5 -5 81.3 4.6 9.4 60 1 82 5.6 1079 -3 -4 107.6 -14 -1 10021 13 -3 4.9 -16 -2 68 637 0Schindler 48.62 -4 -13 17.4 1.2 2.4 279 20 76 7.1 3920 7 11 98.9 6 14 39651 1 -2 1.2 -4 -12 n/a 3813 25Mettler-Toledo International 47.70 -2 10 46.8 5.5 7.7 102 5 20 11.8 864 6 17 98.1 4 14 8<strong>800</strong> 1 2 5.4 -3 8 n/a 1422 15Leica Geosystems 47.63 -1 12 150.0 13.9 17.0 32 143 289 9.3 342 12 8 142.5 15 15 2398 -3 -6 19.9 2 20 49 757 35Bobst 40.26 3 n/a 122.3 5.7 7.8 33 -2 -23 4.7 703 -1 6 125.9 3 0 5587 -4 6 7.2 7 n/a n/a 502 n/aSIG 35.04 -26 -21 63.0 3.5 11.0 56 n/a >999 5.6 997 -14 -17 208.7 20 46 4776 -28 -44 7.3 3 38 28 832 -7154 <strong>The</strong> <strong>2006</strong> R&D Scoreboard<strong>The</strong> <strong>2006</strong> R&D Scoreboard 155
Ranking of the <strong>top</strong> <strong>1250</strong> global <strong>companies</strong> <strong>by</strong> R&D <strong>investment</strong> <strong>by</strong> country within region–––––––––––––––––– 2005/06 R&D <strong>investment</strong> –––––––––––––––––– ——–—–– Operating profit ——–—–– ––––––––––––––––– Sales and employees ––––––––––––––––– ————––—–––—— R&D and employees ——–—––——––––—–––––––––– Sales –––––––––– ––––– Sales / employee ––––– ––––––––– Employees ––––––––– ––––– R&D / employee ––––– Sales––––– Growth ––––– operating R&D + ––––– Growth ––––– ––––– Growth ––––– –––––– Growth ––––– ––––– Growth ––––– –––––– Growth ––––– outside –––Market cap –––change change profit sales capex as change change sales change change change change change change change change region changeCompany £m 1 yr % 4 yr % % % % sales £m 1 yr % 4 yr % % £m 1 yr % 4 yr % £000 1 yr % 4 yr % number 1 yr % 4 yr % £000 1 yr % 4 yr % % £m %2.20 Switzerland continuedBasilea Pharmaceuticals 32.00 5 23 n/m 237.4 241.3 -22 n/m n/m -166.7 13 >999 >999 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 602 78Bucher Industries 28.02 17 16 53.8 3.3 5.9 52 29 85 6.0 861 19 27 126.0 1 9 6836 18 17 4.1 -1 -1 n/a 548 34Phonak 27.86 29 45 29.8 7.3 9.9 93 66 242 24.4 383 28 42 121.0 10 12 3166 16 27 8.8 11 15 52 2416 60Lonza 27.84 -11 -28 21.1 2.5 12.6 132 42 0 11.9 1114 16 14 191.2 8 16 5826 7 -2 4.8 -17 -26 50 1963 17Swisscom 24.75 -15 -29 2.0 0.6 9.8 1230 1 58 28.6 4301 -3 -27 278.3 -2 -8 15455 -1 -20 1.6 -14 -12 0 12084 -1Berna Biotech 22.23 -4 5 n/m 29.5 37.3 -7 n/m -253 -9.0 75 -17 -29 105.2 3 -20 715 -19 -15 31.1 19 34 n/a 187 4SEZ 20.96 7 21 636.2 15.2 26.1 3 -79 -53 2.4 138 2 35 195.2 -4 30 705 6 3 29.7 0 17 78 230 n/aEMS-Chemie 20.38 4 -14 20.8 3.6 7.4 98 14 32 17.2 569 2 4 277.1 22 38 2055 -16 -25 9.9 25 16 n/a 1754 n/a2.21 <strong>The</strong> Netherlands 5562.55 0.2 -0.9 71.0 6.4 11.1 7837 8.1 193.6 9.0 87340 4.2 5.6 166.0 5.7 14.7 522769 -2 -8.2 10.6 -0.8 -1.0 n/a 71412 1.2EADS 1626.36 3 10 88.6 6.9 13.8 1837 20 377 7.8 23503 8 12 207.6 5 5 113210 2 6 14.4 1 3 60 13135 -13Philips Electronics 1605.74 -8 -19 148.2 7.7 10.9 1084 -32 776 5.2 20884 0 -2 151.6 3 16 137799 -3 -17 11.7 -5 -3 n/a 22087 14STMicroelectronics 905.17 7 37 >999.9 17.5 33.7 69 -83 -75 1.3 5170 1 24 103.4 0 11 50000 1 12 18.1 6 23 n/a 8071 -9AKZO Nobel 575.10 1 -4 58.1 6.4 10.4 990 79 34 11.1 8932 2 -3 145.5 6 4 61400 -3 -7 9.4 5 4 42 8525 2ASML 226.06 -1 -1 64.5 13.0 16.1 350 35 n/a 20.2 1738 3 30 343.7 2 46 5055 0 -15 44.7 -1 15 91 5137 11DSM 199.26 1 3 40.8 3.5 8.2 488 116 144 8.7 5631 6 15 246.5 13 9 22839 -7 6 8.7 9 -3 48 4171 -3Oce 132.41 -7 -7 175.0 7.2 15.0 76 0 -26 4.1 1840 1 -9 84.9 1 -7 21657 0 -3 6.1 -6 -4 n/a 759 3ASM International 69.17 19 21 346.9 13.9 20.2 20 -67 -4 4.0 499 -4 20 56.1 -12 -5 8896 9 28 7.8 9 -6 85 456 -4Rabobank 58.40 27 n/a 3.2 0.9 0.9 1843 5 19 28.6 6433 2 6 134.4 7 22 47876 -5 -14 1.2 34 n/a n/a n/l n/lAxalto (now Gemalto) 40.21 5 11 85.0 7.0 10.3 47 -10 470 8.2 578 3 9 n/a n/a n/a n/a n/a n/a n/a n/a n/a 45 789 -7Numico 30.92 36 25 12.5 2.3 6.6 247 18 n/a 18.1 1366 15 -40 127.2 17 32 10736 -2 -55 2.9 38 120 13 4892 15Stork 24.59 19 -11 30.2 2.0 4.7 81 30 303 6.5 1249 5 -9 99.1 7 10 12607 -1 -17 2.0 21 5 16 857 -5CSM 23.84 -13 -9 28.9 1.3 4.8 82 -46 -49 4.4 1882 -21 -22 210.6 20 18 8939 -34 -34 2.7 32 36 45 1227 -14Qiagen 22.78 14 34 41.4 9.8 13.3 55 14 52 23.7 232 5 23 146.0 -13 16 1589 20 4 14.3 -5 27 n/a 1306 21Eureko 22.54 n/a n/a 4.0 0.3 0.3 568 114 >999 7.7 7403 22 45 367.1 -12 17 20166 39 22 1.1 n/a n/a n/a n/l n/l2.22 Turkey 43.41 4.4 62.1 8.2 0.4 4.8 530 1.6 123.9 5.0 10496 9.4 78.6 128.1 -20.5 4.0 81926 37.7 50.3 0.5 -24.1 -2.2 n/a 2603 n/aKoc 43.41 4.4 62.1 8.2 0.4 4.8 530 1.6 123.9 5.0 10496 9.4 78.6 128.1 -20.5 4.0 81926 37.7 50.3 0.5 -24.1 -2.2 n/a 2603 n/a2.23 <strong>UK</strong> 13142.67 8.2 7.2 14.4 1.8 6.7 90990 8.7 65.1 12.5 730415 5.5 23.7 255.7 3.0 20.7 2856869 2.4 2.3 4.6 5.4 -13.1 n/a 968014 1.5GlaxoSmithKline 3136.00 10 12 45.3 14.5 19.1 6926 12 20 32.0 21660 6 4 217.7 7 9 99503 0 -5 31.5 11 17 68 83331 9AstraZeneca 1968.20 -11 3 52.0 14.1 17.6 3787 36 54 27.1 13950 12 28 215.0 11 16 64900 1 11 30.3 -12 -6 n/a 50344 20BAE Systems 1449.00 31 41 161.9 13.2 16.0 895 164 542 8.1 11019 20 27 148.9 12 20 74000 7 6 19.6 22 34 59 11586 8BT 727.00 39 82 29.0 3.7 17.6 2509 -14 63 12.9 19514 6 2 189.5 2 8 103000 3 -5 7.1 35 89 4 20490 10Unilever 654.80 -8 -14 18.2 2.4 4.8 3592 52 18 13.2 27258 -1 -13 128.6 6 3 212000 -7 -16 3.1 -2 1 n/a 37171 -3Rolls-Royce 352.00 25 16 40.0 5.3 9.1 879 153 232 13.3 6603 11 11 185.5 10 20 35600 1 -7 9.9 23 25 71 7728 27Royal Dutch Shell 342.50 6 18 1.3 0.2 5.3 25899 36 95 14.5 178664 16 57 1639.1 21 58 109000 -4 0 3.1 11 18 n/a 124031 -5Royal Bank of Scotland 329.00 9 n/a 4.1 1.3 1.3 8029 10 43 31.0 25902 11 40 178.8 2 13 144900 9 24 2.3 0 n/a 18 55422 12BP 292.40 14 30 1.6 0.2 5.3 18027 31 92 12.4 145308 -12 15 1414.9 -11 22 102700 -1 -6 2.8 16 38 57 126066 -8HSBC 244.64 34 n/a 2.1 0.7 0.7 11803 7 64 35.2 33572 12 59 126.6 4 25 265285 8 30 0.9 23 n/a 66 109973 7Vodafone 206.00 -6 24 n/m 0.6 9.8 -18465 n/m n/m -50.4 36616 7 21 593.7 0 22 61672 7 -2 3.3 -12 24 n/a 61607 -35Marconi (now Telent) 186.00 -6 -59 n/m 13.9 16.5 -99 n/m n/m -7.4 1337 -14 -63 121.5 17 15 11000 -27 -67 16.9 29 22 n/a 302 -50Shire 167.26 49 46 n/m 18.0 22.5 -96 -245 n/m -10.3 932 23 33 445.7 12 12 2090 10 18 80.0 35 23 n/a 4226 34ICI 147.00 0 -3 25.3 2.5 5.2 580 31 69 10.0 5812 4 -3 178.7 8 10 32530 -4 -12 4.5 4 10 68 4365 25Smiths 143.60 5 17 46.1 4.8 8.5 311 6 -6 10.3 3017 10 -14 105.8 3 9 28509 7 -22 5.0 -2 36 72 5094 1Royal & Sun Alliance 122.00 4 n/a 16.7 1.9 1.9 729 221 n/a 11.4 6420 -15 -46 253.8 -5 -9 25292 -11 -40 4.8 17 n/a n/a 4012 n/aReuters 121.00 -5 -39 40.7 5.0 10.7 297 41 n/a 12.3 2409 -16 -29 151.9 -16 -21 15864 -1 -9 7.6 -5 -32 n/a 5120 -1Tesco 115.00 35 n/a 5.1 0.3 7.0 2276 15 35 5.7 39588 17 38 107.5 6 9 368213 10 26 0.3 23 n/a n/a 27595 n/aInvensys 110.00 -11 -43 67.9 4.1 5.8 162 n/a n/a 6.0 2713 -7 -42 87.9 9 6 30869 -15 -46 3.6 4 3 60 1024 31Reed Elsevier 102.00 -7 n/a 12.1 2.0 4.0 842 10 45 16.3 5166 7 7 143.1 4 5 36100 3 2 2.8 -10 n/a 70 6752 n/aMisys 89.70 -1 1 164.9 9.1 9.8 54 44 16 5.5 985 11 3 152.5 12 4 6456 -1 -1 13.9 0 3 44 1320 13Merial 88.30 7 13 58.6 7.7 13.2 151 5 12 13.1 1152 6 15 192.8 11 20 5974 -4 -4 14.8 12 18 63 n/l n/lGKN 88.00 -1 1 83.8 2.4 8.3 105 n/a -27 2.9 3648 5 8 98.5 3 7 37047 1 0 2.4 -2 1 n/a 1982 -8Amdocs 84.14 14 22 42.7 7.1 10.6 197 14 84 16.6 1187 15 27 91.3 -6 -2 13000 23 30 6.5 -7 -7 76 4178 19Sage 81.61 10 36 38.7 10.5 12.5 211 14 39 27.2 777 13 36 89.4 -1 -5 8686 14 43 9.4 -4 -5 49 2965 -2ARM 80.27 47 67 228.2 34.5 36.9 35 23 5 15.1 232 52 61 188.4 -5 -5 1234 59 68 65.1 -8 0 86 1586 -5Barclays 68.00 45 n/a 1.3 0.4 0.4 5280 16 39 30.5 17333 23 41 186.8 2 17 92<strong>800</strong> 21 21 0.7 20 n/a 27 41362 11Smith & Nephew 67.00 1 8 25.6 4.8 12.5 262 49 47 18.6 1407 13 22 163.3 3 9 8618 10 12 7.8 -8 -4 69 4209 -15BAT 66.00 -1 1 2.4 0.7 5.2 2739 41 31 29.4 9325 -13 -14 168.4 -5 -6 55364 -9 -9 1.2 8 11 n/a 29666 27Corus 66.00 5 6 10.2 0.7 4.8 646 7 n/a 6.4 10140 9 26 210.4 10 34 48200 -1 -6 1.4 6 12 20 3587 67Reckitt Benckiser 63.00 5 14 7.5 1.5 3.3 840 11 34 20.1 4179 8 15 205.9 6 20 20300 2 -4 3.1 3 19 n/a 15378 23Spirent (now Spirent Communications) 62.80 -7 -18 872.2 13.5 20.6 7 -79 n/a 1.5 465 -2 -19 106.2 1 1 4378 -3 -20 14.3 -4 1 64 352 -32Johnson Matthey 58.80 9 17 25.9 1.2 3.6 227 39 32 4.8 4756 3 4 638.3 4 2 7451 -1 2 7.9 10 15 59 2806 14Cadbury Schweppes 58.00 -8 31 5.3 0.8 4.9 1103 32 32 15.4 7157 6 19 128.2 11 3 55833 -4 15 1.0 -4 18 68 11177 0156 <strong>The</strong> <strong>2006</strong> R&D Scoreboard<strong>The</strong> <strong>2006</strong> R&D Scoreboard 157
Ranking of the <strong>top</strong> <strong>1250</strong> global <strong>companies</strong> <strong>by</strong> R&D <strong>investment</strong> <strong>by</strong> country within region–––––––––––––––––– 2005/06 R&D <strong>investment</strong> –––––––––––––––––– ——–—–– Operating profit ——–—–– ––––––––––––––––– Sales and employees ––––––––––––––––– ————––—–––—— R&D and employees ——–—––——––––—–––––––––– Sales –––––––––– ––––– Sales / employee ––––– ––––––––– Employees ––––––––– ––––– R&D / employee ––––– Sales––––– Growth ––––– operating R&D + ––––– Growth ––––– ––––– Growth ––––– –––––– Growth ––––– ––––– Growth ––––– –––––– Growth ––––– outside –––Market cap –––change change profit sales capex as change change sales change change change change change change change change region changeCompany £m 1 yr % 4 yr % % % % sales £m 1 yr % 4 yr % % £m 1 yr % 4 yr % £000 1 yr % 4 yr % number 1 yr % 4 yr % £000 1 yr % 4 yr % % £m %2.23 <strong>UK</strong> continuedBritish Nuclear Fuels(now British Nuclear Group Sellafield) 55.00 -7 -6 n/m 2.3 19.7 -408 n/m n/m -17.3 2364 2 6 102.7 2 4 23016 -1 2 2.4 -6 -8 n/a n/l n/lSymbian 54.48 19 46 769.1 47.5 51.8 7 n/a n/a 6.2 115 73 189 109.6 38 105 1047 25 46 52.0 -5 1 n/a n/l n/lStandard Chartered 51.26 6 n/a 3.3 1.3 1.3 1562 19 73 39.1 3996 27 44 91.0 -3 0 43899 32 45 1.2 -20 n/a n/a 18039 12Tomkins 46.70 -9 -13 16.3 1.5 5.5 287 16 24 9.0 3182 7 1 85.3 5 5 37324 2 -4 1.3 -10 -9 86 2345 8Avecia 45.40 -21 -22 n/m 11.1 14.9 -61 n/m >-999 -15.0 407 -16 -39 161.1 3 -1 2527 -19 -38 18.0 -3 21 n/a n/l n/lSerco 45.30 18 n/a 46.7 2.0 3.2 97 40 80 4.3 2260 38 82 60.7 13 25 37253 23 47 1.2 -4 n/a n/a 1697 45Spectris 44.90 3 31 68.9 6.8 8.7 65 26 41 9.9 656 7 18 110.3 6 9 5945 1 8 7.6 3 21 57 729 3BOC 43.20 4 -8 8.4 1.2 11.7 514 -5 13 13.7 3755 -3 0 103.2 18 25 36380 -18 -20 1.2 26 15 n/a 8253 56Cobham 42.90 -12 15 30.0 3.9 7.5 143 6 22 13.1 1090 11 33 101.8 2 8 10715 9 24 4.0 -19 -6 62 1818 18Old Mutual 40.00 700 n/a 2.6 0.3 0.3 1548 46 207 12.2 12709 30 94 295.9 25 96 42950 4 -2 0.9 669 n/a 109 8809 n/aCambridge Antibody(now part of AstraZeneca) 39.17 -11 10 n/m 20.2 21.2 -9 n/m n/m -4.8 194 >999 >999 683.0 >999 >999 284 0 5 137.9 -12 7 99 n/l n/lCSR 35.15 119 239 53.9 12.4 16.0 65 92 >999 23.0 283 92 424 579.5 -3 138 489 97 150 71.9 11 39 89 1462 137Acambis 34.50 19 67 n/m 84.4 97.1 -31 -238 -320 -74.8 41 -52 -52 148.7 -50 -52 275 -5 11 125.5 25 44 96 142 -49Filtronic 31.08 11 3 531.2 11.8 16.8 6 100 n/a 2.2 263 11 0 67.1 -5 -17 3918 16 19 7.9 -4 -14 n/a 139 -30Meggitt 30.77 11 28 30.0 5.0 7.7 102 51 76 16.6 616 29 43 108.5 0 0 5682 28 42 5.4 -13 -10 62 1254 -7TTP Communications 29.50 31 51 n/m 47.6 56.1 -1 n/m -135 -1.7 62 25 49 110.7 10 -10 560 14 60 52.7 15 -11 90 101 25IMI 29.40 11 11 17.0 1.9 4.9 173 57 75 10.9 1578 -2 -2 92.3 -2 1 17099 0 -3 1.7 10 13 n/a 1690 7Renishaw 29.30 71 93 82.6 16.7 24.2 35 21 86 20.2 176 14 41 87.7 3 18 2004 11 21 14.6 54 60 60 530 -12Voca 29.25 257 77 775.3 32.8 34.8 4 n/a n/a 4.2 89 15 35 223.3 13 38 399 2 -3 73.3 251 86 0 n/l n/lBAA(now part of Airport Development and Investment) 27.00 n/a n/a 3.1 1.2 65.5 878 -11 27 38.6 2275 8 14 148.3 -13 -8 15337 23 24 1.8 n/a n/a 0 n/l n/lJCB Service 26.79 18 33 48.7 2.4 6.1 55 319 257 5.0 1100 22 31 237.5 11 17 4631 9 12 5.8 8 19 n/a n/l n/lSeton House 26.70 38 n/a 95.7 5.8 7.9 28 107 n/a 6.1 459 8 n/a 119.4 10 n/a 3844 -2 n/a 6.9 41 n/a n/a n/l n/lVernalis 26.49 24 9 n/m 187.5 192.6 -33 n/m n/m -232.3 14 -7 46 96.8 -17 n/a 146 11 n/a 181.4 11 n/a 59 211 56Effem (aka Mars) 26.32 31 14 14.0 1.3 3.5 188 10 30 9.0 2080 0 -10 339.3 5 1 6130 -4 -11 4.3 36 28 0 n/l n/lNovar(now part of Honeywell Acquisitions) 26.20 -12 -5 62.1 1.8 4.5 42 n/a -25 2.9 1479 3 -3 110.3 4 7 13405 0 -9 2.0 -12 4 67 n/l n/lSkyePharma 26.00 -7 31 n/m 42.4 47.6 -39 n/m n/m -63.0 61 -1 6 134.1 -5 6 457 4 1 56.9 -11 30 22 181 -51LogicaCMG 25.50 -32 -58 23.7 1.4 3.1 108 41 n/a 5.9 1836 10 3 89.2 5 11 20579 5 -8 1.2 -35 -53 n/a 1932 43Pace Micro Technology 23.98 12 -19 341.2 9.5 10.9 7 76 n/a 2.8 253 6 -21 425.8 6 30 595 -1 -38 40.3 13 25 19 93 -46Anglo American 23.30 -11 12 0.7 0.1 11.6 3232 26 73 18.9 17145 18 60 87.9 27 61 195000 -7 0 0.1 -5 12 54 35366 26ProStrakan 22.43 119 187 n/m 70.9 75.5 -37 n/m n/m -117.0 32 47 233 106.9 -22 31 296 87 191 75.8 17 -5 0 197 n/aCookson 22.30 -8 -31 19.5 1.4 4.0 114 146 >999 7.0 1635 -1 -7 103.6 2 3 15774 -3 -10 1.4 -5 -23 n/a 1016 57GUS 22.00 47 -60 2.7 0.3 3.9 813 -16 26 10.3 7915 2 9 124.5 -2 20 63596 4 -10 0.3 41 -54 n/a 8745 -6Pilkington(now part of NSG <strong>UK</strong> Enterprises) 22.00 -24 -27 9.8 0.9 6.3 224 -7 6 8.7 2582 6 6 107.1 5 11 24100 1 -4 0.9 -25 -23 39 n/l n/lRexam 21.00 62 9 5.0 0.6 5.6 421 13 68 13.0 3237 5 2 149.2 8 3 21700 -3 -1 1.0 66 11 49 2944 2Tate & Lyle 21.00 11 18 28.0 0.6 8.0 75 -64 -65 2.0 3720 24 21 407.4 -9 -5 9131 37 27 2.3 -19 -8 59 3339 48Imagination Technologies 20.65 7 40 n/m 58.5 61.6 -7 n/m n/m -20.3 35 15 49 105.0 4 15 336 11 32 61.5 -3 7 33 136 14Dyson James 19.42 31 74 26.0 4.6 10.5 75 90 176 17.5 426 54 75 296.6 52 102 1437 1 -15 13.5 30 98 48 n/l n/lDialog Semiconductor 19.31 -3 -7 379.3 21.5 24.6 5 n/a n/a 5.7 90 13 41 373.1 31 64 241 -14 -14 80.1 13 9 n/a 39 -553 Rest of World 60347.31 6.2 9.0 42.5 3.5 11.6 141918 7.6 47.7 8.3 1715835 8.8 15.4 194.4 6.5 10.3 7389929 -3.6 -4.2 6.7 2.0 0.9 n/a 1727380 18.63.1 Australia 326.24 22.9 3.3 10.0 2.9 16.7 3272 11.2 21.6 28.7 11410 10.7 19.1 223.1 5.3 10.5 51137 5.1 10.1 6.4 16.9 -0.3 n/a 17017 -17.5Telstra 235.87 20 -6 8.0 2.4 18.1 2954 9 15 30.5 9681 6 12 227.7 -3 8 42523 10 3 5.5 9 -8 n/a 10462 -18CSL 62.27 44 59 37.5 5.3 9.1 166 42 115 14.1 1175 61 112 181.5 99 n/a 6474 -19 n/a 9.6 78 n/a n/a 4128 n/aAristocrat Leisure 28.11 11 9 18.5 5.1 7.8 152 31 209 27.4 554 14 35 258.8 11 37 2140 3 -3 13.1 8 11 n/a 2427 -143.2 China 608.87 10.7 10.2 2.8 0.6 11.7 22037 25.9 95.0 20.7 106524 37.1 91.3 125.9 37.6 96.3 846351 -0.3 -4.8 0.7 11.1 71.2 n/a 177041 n/aPetroChina 230.61 9 41 1.6 0.6 25.6 14267 31 99 35.8 39859 42 88 90.8 37 80 439220 4 4 0.5 5 35 n/a 116717 24China Petroleum & Chemical 161.90 48 39 3.2 0.3 0.4 5048 7 75 8.5 59412 36 99 163.0 46 122 364528 -6 -12 0.4 58 57 n/a 35666 48ZTE 141.44 -13 n/a 119.2 9.1 13.6 119 -2 n/a 7.6 1557 2 n/a 50.5 -16 n/a 30811 21 n/a 4.6 -28 n/a 0 1704 -86Semiconductor Manufacturing 45.94 1 60 n/m 6.7 81.2 -51 -202 n/m -7.5 682 20 153 75.0 1 71 9096 19 79 5.1 -15 -11 n/a 1361 n/aCNOOC 28.99 50 126 1.1 0.6 26.0 2654 58 130 52.9 5013 26 95 1859.5 18 47 2696 7 33 10.8 40 67 n/a 21592 n/a3.3 Hong Kong 229.76 88.2 136.2 107.3 2.0 3.8 214 -29 23.7 1.8 11722 132.0 176.4 13.5 -22.2 10.2 292225 0.3 17.8 0.4 -3.8 33.0 n/a 5418 -23.3Lenovo 111.94 293 354 192.7 1.4 2.0 58 -11 -13 0.7 7779 359 377 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 1632 -18Yue Yuen Industrial 54.79 5 30 29.7 3.0 10.1 184 0 15 10.0 1838 16 41 6.9 10 19 265000 5 20 0.2 0 10 n/a 2676 -9Techtronic Industries 36.98 45 146 32.7 2.2 4.6 113 28 107 6.7 1680 37 98 76.2 34 36 22053 2 48 1.7 42 78 n/a 999 -50TCL Communication Technology 26.05 61 n/a n/m 6.1 7.1 -141 n/m n/a -33.2 425 -23 n/a 82.3 21 n/a 5172 -36 n/a 5.0 152 n/a n/a 111 n/a158 <strong>The</strong> <strong>2006</strong> R&D Scoreboard<strong>The</strong> <strong>2006</strong> R&D Scoreboard 159
Ranking of the <strong>top</strong> <strong>1250</strong> global <strong>companies</strong> <strong>by</strong> R&D <strong>investment</strong> <strong>by</strong> country within region–––––––––––––––––– 2005/06 R&D <strong>investment</strong> –––––––––––––––––– ——–—–– Operating profit ——–—–– ––––––––––––––––– Sales and employees ––––––––––––––––– ————––—–––—— R&D and employees ——–—––——––––—–––––––––– Sales –––––––––– ––––– Sales / employee ––––– ––––––––– Employees ––––––––– ––––– R&D / employee ––––– Sales––––– Growth ––––– operating R&D + ––––– Growth ––––– ––––– Growth ––––– –––––– Growth ––––– ––––– Growth ––––– –––––– Growth ––––– outside –––Market cap –––change change profit sales capex as change change sales change change change change change change change change region changeCompany £m 1 yr % 4 yr % % % % sales £m 1 yr % 4 yr % % £m 1 yr % 4 yr % £000 1 yr % 4 yr % number 1 yr % 4 yr % £000 1 yr % 4 yr % % £m %3.4 India 155.08 25.1 62.0 42.7 3.8 12.3 364 -8.5 26.8 9.0 4030 14.8 64.4 93.8 7.1 n/a 35606 -20.5 n/a 2.6 -4.8 n/a n/a 6873 n/aRanbaxy Laboratories 63.74 21 123 295.8 9.2 26.4 22 -80 -77 3.1 691 -3 24 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 1854 -31Tata Motors 61.62 29 18 18.3 2.0 8.0 336 29 117 10.8 3101 22 83 104.7 15 n/a 29606 6 n/a 2.1 22 n/a n/a 3646 n/aDr Reddy's Laboratories 29.73 26 99 477.4 12.5 27.1 6 -76 -84 2.6 238 -5 17 39.6 n/a n/a 6000 n/a n/a 5.0 n/a n/a n/a 1373 n/a3.5 Israel 446.53 17.3 52.1 40.8 8.3 12.9 1095 84.0 149.2 20.4 5369 14.3 53.9 164.7 11.6 29.2 28820 -9.4 6.5 14.0 17.4 31.4 n/a 19911 n/aTeva Pharmaceutical Industries 214.88 9 79 28.1 7.0 12.9 765 127 123 25.0 3058 9 66 208.1 3 25 14698 7 36 14.6 2 37 84 15750 37ECI Telecom 55.51 25 -7 297.9 15.1 19.0 19 466 n/a 5.1 367 27 3 120.5 10 9 3046 15 -4 18.2 9 -1 n/a 423 -20Elbit Systems 41.88 8 20 116.0 6.7 12.2 36 -17 2 5.8 623 14 25 n/a n/a n/a n/a n/a n/a n/a n/a n/a 47 636 15Orbotech 33.04 18 26 129.4 14.9 16.9 26 42 >999 11.5 221 21 43 143.0 18 38 1547 2 4 21.4 16 21 22 416 -10Check Point Software Technologies 29.44 26 54 15.8 8.7 9.6 187 25 16 55.3 337 12 22 238.7 7 5 1414 5 16 20.8 20 33 n/a 2379 n/aRetalix 26.03 31 113 220.4 23.8 25.5 12 164 164 10.8 109 51 135 81.3 3 n/a 1343 46 n/a 19.4 -10 n/a n/a 224 n/aFormula Systems (1985) 23.37 60 89 199.2 7.9 9.1 12 4 128 4.0 295 11 38 49.6 -1 -8 5950 12 49 3.9 43 26 n/a 83 n/aM-Systems Flash Disk Pioneers(now M-Systems) (now part of SanDisk, USA) 22.38 55 137 55.9 6.2 7.9 40 36 407 11.2 358 48 275 435.8 -8 93 822 60 127 27.2 -3 5 53 n/l n/l3.6 Japan 48678.84 4.0 5.9 54.6 3.8 10.3 89211 13.7 53.9 7.0 1279587 5.9 8.8 208.7 3.3 4.4 5703352 -2.1 -3.5 7.9 -0.6 -2.0 n/a 1206987 21.9Toyota Motor 3726.77 11 25 41.4 4.1 14.4 9002 8 44 9.8 91555 7 23 344.5 7 15 265753 1 7 14.0 10 17 n/a 111189 32Matsushita Electric 2787.28 -8 -2 151.9 6.4 10.4 1834 50 134 4.2 43895 2 17 131.3 2 3 334402 0 13 8.3 -8 -14 26 29328 18Sony 2624.49 6 12 148.7 7.7 14.3 1766 88 166 5.2 34268 4 -5 216.2 -1 -4 158500 5 -1 16.6 1 14 53 26192 32Honda Motor 2308.44 4 15 62.1 5.4 9.7 3720 5 27 8.7 42690 6 15 309.7 1 4 137827 5 12 16.7 -1 3 n/a 35507 25Hitachi 1999.13 4 4 171.5 4.3 8.3 1166 1 49 2.5 46710 5 12 131.3 2 5 355879 2 7 5.6 2 -2 n/a 12012 -3Nissan Motor 1964.92 12 39 50.3 4.6 10.0 3907 5 53 9.2 42325 15 29 230.5 -22 -10 183607 48 44 10.7 -24 -4 n/a 28146 0Toshiba 1717.48 3 5 280.2 6.0 10.6 613 3 965 2.1 28802 5 3 174.6 2 8 165000 2 -5 10.4 1 10 24 11855 59NTT 1569.74 -10 -18 25.7 2.9 17.9 6114 -22 23 11.5 53329 -3 -4 264.7 -1 1 201486 -2 -5 7.8 -9 -14 n/a 69600 -9Canon 1413.80 4 16 47.8 7.6 18.2 2959 9 48 16.0 18528 8 20 160.3 1 4 115583 7 15 12.2 -3 1 n/a 37065 43NEC 1358.88 7 -11 212.1 5.7 11.1 641 7 n/a 2.7 23961 -1 -3 162.2 -4 -5 147753 3 2 9.2 4 -12 n/a 6436 5Fujitsu 1185.53 -4 -26 100.7 5.0 8.2 1178 504 n/a 5.0 23505 0 -4 155.7 3 6 150970 -3 -10 7.9 -1 -17 n/a 9197 30Denso 1175.76 11 25 111.4 8.5 16.6 1055 17 32 7.6 13818 9 20 132.6 0 3 104183 9 17 11.3 2 7 n/a 17422 28Fuji Photo Film 898.96 8 13 268.5 6.8 13.8 335 -57 -55 2.5 13164 6 7 173.6 5 3 75845 0 3 11.9 8 9 35 10063 1Sharp 731.03 7 8 115.3 5.8 16.5 634 24 81 5.1 12535 13 26 268.1 11 27 46751 1 -1 15.6 5 8 n/a 11118 12Takeda Pharmaceutical 698.09 9 27 33.5 12.6 17.4 2084 -3 18 37.6 5542 3 10 381.9 4 12 14510 -1 -3 48.1 10 30 41 34373 27Sanyo Electric 650.59 5 14 n/m 5.3 9.2 -149 -147 -215 -1.2 12262 -1 11 127.7 -15 -5 96023 17 17 6.8 -10 -3 n/a 2106 -24Mitsubishi Electric 644.24 4 -24 123.4 3.8 7.5 522 17 125 3.1 16832 3 -7 172.4 4 5 97661 -1 -12 6.6 6 -13 n/a 9877 52Mitsubishi Heavy 612.07 25 12 n/m 4.8 9.0 -4 -101 -102 0.0 12786 9 -5 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 8050 51Ricoh 544.77 0 20 71.3 5.8 11.1 764 11 24 8.1 9451 6 9 124.1 4 7 76150 1 3 7.2 -1 17 n/a 8604 30Aisin Seiki 471.53 7 29 103.2 5.2 14.1 457 20 57 5.1 9027 14 36 169.6 2 8 53237 12 27 8.9 -4 3 24 4986 16Mazda Motor 448.31 3 3 85.7 3.4 6.8 523 44 105 3.9 13303 -8 15 372.8 -8 19 35680 0 -4 12.6 3 7 52 5194 84Mitsubishi Chemical 440.29 1 7 79.8 4.1 7.2 551 48 213 5.1 10805 14 19 324.9 15 27 33261 -1 -7 13.2 2 15 n/a 6634 69Suzuki Motor 428.65 15 44 85.2 3.7 9.1 503 36 86 4.3 11674 8 26 n/a n/a n/a n/a n/a n/a n/a n/a n/a 35 7587 41Sankyo (now part of Daiichi Sankyo) 427.14 0 4 133.4 14.7 19.4 320 -17 -16 11.0 2901 -1 4 187.2 -27 -23 15500 35 34 27.6 -26 -24 34 n/l n/lBridgestone 391.93 9 16 31.5 3.0 10.3 1244 35 161 9.4 13282 11 18 107.4 2 4 123727 9 14 3.2 0 1 n/a 8650 -10Eisai 386.55 14 34 90.9 14.7 18.8 425 3 36 16.2 2630 7 21 317.1 -1 9 8295 8 11 46.6 5 21 51 8053 29Sumitomo Chemical 385.97 4 14 66.6 6.0 16.4 580 78 73 9.1 6398 12 20 316.8 5 6 20195 6 13 19.1 -2 1 n/a 7690 44Yamaha Motor 353.44 5 21 71.9 5.2 10.0 492 15 60 7.2 6787 2 27 172.3 -5 8 39381 7 18 9.0 -3 3 53 4478 37Mitsubishi Motors 339.42 0 n/a n/m 3.2 9.9 -2114 n/m n/m -20.2 10475 -16 -34 283.4 -1 -11 36970 -15 -27 9.2 18 n/a 52 5564 77Konica Minolta 325.69 34 95 163.0 6.2 10.5 200 -6 56 3.8 5268 24 71 157.8 29 7 33388 -4 54 9.8 40 24 51 3973 29Pioneer 313.10 13 32 n/m 8.1 13.2 -331 n/m -398 -8.5 3875 7 12 99.8 9 1 38826 -1 10 8.1 15 21 n/a 1866 10Yamanouchi Pharmaceutical(now Astellas Pharma) 290.39 -16 -8 96.9 13.2 15.1 300 -38 -34 13.6 2206 -13 -9 n/a n/a n/a n/a n/a n/a n/a n/a n/a 29 12856 11Daiichi Pharmaceutical(now part of Daiichi Sankyo) 283.36 -3 14 92.0 17.5 20.8 308 34 31 19.0 1621 2 2 n/a n/a n/a n/a n/a n/a n/a n/a n/a 18 n/l n/lSumitomo Electric 278.74 2 15 71.3 3.2 8.8 391 27 92 4.6 8588 13 16 82.3 -6 -15 104398 19 36 2.7 -14 -16 n/a 5708 10Kyocera 268.46 17 28 54.5 4.6 9.6 492 -12 -12 8.5 5827 3 4 n/a n/a n/a n/a n/a n/a n/a n/a n/a 36 9081 13Fuji Heavy Industries 256.84 -10 -5 213.2 3.6 13.1 120 -50 -48 1.7 7139 0 5 264.5 2 5 26989 -1 0 9.5 -9 -5 49 2760 39Asahi Kasei 250.29 5 3 52.5 3.7 8.9 477 96 >999 7.0 6799 10 12 285.4 15 22 23820 -5 -8 10.5 10 12 n/a 5279 32Mitsubishi Pharma(now part of Mitsubishi Chemical) 249.14 0 33 225.7 21.6 26.0 110 8 31 9.6 1156 -1 1 195.4 3 14 5917 -3 -16 42.1 3 54 n/a n/l n/lKomatsu 247.80 8 17 30.6 3.0 9.6 810 51 >999 9.6 8399 19 43 242.8 13 31 34597 5 10 7.2 3 6 43 11283 74Omron 244.00 6 16 94.5 8.1 14.5 258 6 187 8.6 3003 4 8 120.6 2 7 24904 2 1 9.8 4 15 n/a 3515 10Olympus 235.51 23 42 360.2 5.9 11.6 65 -79 -69 1.6 4015 28 48 132.3 22 13 30339 5 30 7.8 17 8 55 4480 41Tokyo Electron 216.60 -1 -13 78.6 6.9 8.3 276 200 180 8.8 3137 20 19 353.9 20 32 8864 0 -10 24.4 -1 -3 n/a 6707 11Seiko Epson 211.73 4 4 50.9 2.9 9.1 416 14 65 5.7 7303 5 11 85.3 4 n/a 85647 1 n/a 2.5 3 n/a 44 n/l n/lSega Sammy 205.25 n/a n/a 46.1 8.1 12.8 445 n/a n/a 17.5 2545 n/a n/a 470.7 n/a n/a 5407 n/a n/a 38.0 n/a n/a n/a 5610 n/aJapan Tobacco 200.08 -4 -13 88.7 0.9 2.4 226 n/a -52 1.0 23020 1 3 705.3 21 24 32640 -17 -17 6.1 15 5 n/a 11069 36Kao 196.24 3 5 32.7 4.2 9.7 600 2 9 13.0 4624 4 9 241.5 5 11 19143 -1 -2 10.3 4 8 18 8406 10160 <strong>The</strong> <strong>2006</strong> R&D Scoreboard<strong>The</strong> <strong>2006</strong> R&D Scoreboard 161
Ranking of the <strong>top</strong> <strong>1250</strong> global <strong>companies</strong> <strong>by</strong> R&D <strong>investment</strong> <strong>by</strong> country within region–––––––––––––––––– 2005/06 R&D <strong>investment</strong> –––––––––––––––––– ——–—–– Operating profit ——–—–– ––––––––––––––––– Sales and employees ––––––––––––––––– ————––—–––—— R&D and employees ——–—––——––––—–––––––––– Sales –––––––––– ––––– Sales / employee ––––– ––––––––– Employees ––––––––– ––––– R&D / employee ––––– Sales––––– Growth ––––– operating R&D + ––––– Growth ––––– ––––– Growth ––––– –––––– Growth ––––– ––––– Growth ––––– –––––– Growth ––––– outside –––Market cap –––change change profit sales capex as change change sales change change change change change change change change region changeCompany £m 1 yr % 4 yr % % % % sales £m 1 yr % 4 yr % % £m 1 yr % 4 yr % £000 1 yr % 4 yr % number 1 yr % 4 yr % £000 1 yr % 4 yr % % £m %3.6 Japan continuedJFE 183.55 2 n/a 11.3 1.3 7.5 1631 55 n/a 11.8 13837 13 n/a 263.5 13 n/a 52503 0 n/a 3.5 2 n/a n/a 13625 42Toray Industries 181.53 3 0 60.4 2.8 7.9 300 18 56 4.7 6409 19 23 190.1 16 25 33707 2 -2 5.4 0 2 n/a 6695 76TDK 179.38 5 2 63.2 5.5 14.8 284 -2 119 8.7 3247 0 4 87.5 -1 -3 37115 1 8 4.8 4 -5 n/a 5789 2Tokyo Electric Power 173.62 -5 -23 6.5 0.7 11.8 2652 26 -5 10.6 24909 4 0 466.6 1 -4 53380 3 4 3.3 -8 -26 n/a 21177 11Mitsui Chemicals 172.14 6 -4 56.7 2.8 6.2 304 83 93 5.0 6058 13 22 495.4 14 27 12228 -1 -4 14.1 7 0 3 3029 4Nikon 165.63 11 25 110.5 5.3 8.2 150 n/a 783 4.8 3151 26 31 188.0 3 8 16758 23 22 9.9 -9 2 47 3802 45Kyowa Hakko Kogyo 162.25 14 11 150.5 9.3 11.8 108 -29 47 6.2 1744 -2 -2 300.7 1 10 5<strong>800</strong> -3 -12 28.0 17 26 8 1848 2Murata Manufacturing 162.10 -4 3 46.7 7.7 19.1 347 -7 -21 16.6 2095 2 -5 80.8 5 -1 25924 -2 -4 6.3 -2 7 n/a 8639 31Rohm 159.62 3 23 48.1 8.8 30.1 332 -36 -33 18.2 1821 4 3 92.0 -3 -16 19803 7 21 8.1 -3 2 9 5988 -5Shin-Etsu Chemical 157.94 15 17 17.0 2.8 14.1 929 24 45 16.7 5566 17 34 294.7 12 22 18888 4 10 8.4 10 6 36 14819 49Asahi Glass 156.47 -2 -1 46.8 2.1 15.0 335 -45 11 4.4 7534 3 7 132.5 3 1 56857 0 6 2.8 -2 -7 33 8874 34Ono Pharmaceutical 151.19 -1 9 50.6 21.1 23.0 299 14 34 41.7 717 4 8 n/a n/a n/a n/a n/a n/a n/a n/a n/a 0 3531 2Toyota Industries 148.31 2 4 51.8 2.4 11.3 286 15 27 4.7 6127 7 25 197.7 -6 -2 30990 13 28 4.8 -10 -19 35 7544 36Teijin 148.17 -9 -4 72.2 3.3 8.1 205 -10 139 4.6 4483 4 5 236.4 13 25 18960 -8 -16 7.8 -1 14 n/a 2991 5Shionogi 145.14 -1 -3 93.8 14.8 17.5 155 491 124 15.7 984 -1 -40 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 3825 44Yokogawa Electric 143.11 7 28 232.4 7.5 11.2 62 414 n/a 3.2 1910 4 13 100.7 1 11 18972 3 2 7.5 4 25 14 2021 11Kirin Brewery 141.77 2 14 24.8 2.3 7.4 571 4 34 9.4 6094 1 7 275.9 1 9 22089 0 -2 6.4 2 16 0 8329 49Ajinomoto 140.32 1 5 40.0 2.7 7.6 350 41 57 6.6 5295 3 11 205.2 -1 5 25812 4 6 5.4 -3 0 17 4056 4Tanabe Seiyaku 137.14 13 25 108.4 16.2 19.7 127 -7 34 14.9 849 -1 -7 187.9 n/a n/a 4517 n/a n/a 30.4 n/a n/a n/a 1983 28Fuji Electric 134.36 -5 -1 200.8 3.2 4.8 67 60 66 1.6 4166 -1 -1 169.4 -1 2 24597 0 -4 5.5 -5 2 3 2167 37Dai Nippon Printing 130.22 1 8 23.2 1.9 7.0 562 18 87 8.0 7032 5 7 201.3 4 6 34939 1 1 3.7 0 7 n/a 6677 -3Advantest 129.70 21 5 >999.9 11.0 14.6 5 -96 -93 0.4 1182 37 49 331.5 37 71 3565 1 -11 36.4 21 18 n/a 5510 18Calsonic Kansei 128.29 2 18 265.9 3.7 7.6 48 -41 -22 1.4 3430 12 35 229.4 17 39 14954 -4 -3 8.6 6 22 35 959 2Nidec 127.91 196 265 47.1 5.3 13.0 272 166 309 11.3 2398 75 104 34.2 70 11 70169 3 66 1.8 187 98 n/a 5761 19Brother Industries 124.60 15 22 59.9 4.4 5.0 208 27 50 7.3 2858 32 40 129.3 20 7 22107 10 30 5.6 4 -7 66 1583 20Daikin Industries 121.32 3 3 36.7 3.4 8.5 331 42 64 9.2 3597 16 28 186.3 3 5 19310 13 22 6.3 -9 -16 28 5065 30Toyoda Gosei 120.92 8 n/a 132.1 5.6 15.3 92 -25 -14 4.3 2149 10 30 124.4 -2 -2 17279 12 33 7.0 -3 n/a n/a 1676 27Taisho Pharmaceutical 114.60 -4 -22 42.4 8.3 10.8 270 -16 -5 19.6 1379 -2 1 258.3 0 -5 5339 -3 6 21.5 -1 -27 n/a 3636 1Kansai Electric Power 113.61 -1 -17 8.0 0.9 12.1 1413 6 -2 11.0 12898 3 0 387.6 5 5 33276 -2 -5 3.4 1 -12 n/a 12875 8Sekisui Chemical 113.38 -3 -3 59.8 2.7 5.5 189 47 n/a 4.5 4229 5 2 248.7 5 n/a 17002 0 n/a 6.7 -3 n/a n/a 2851 48Yamaha 113.28 2 4 80.8 4.3 8.3 140 -44 24 5.3 2636 -1 2 141.9 0 n/a 18574 -1 n/a 6.1 3 n/a 32 2480 23Kubota 112.18 3 -11 17.0 2.2 4.6 662 51 275 12.8 5187 7 10 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 6802 39Toppan Printing 109.84 4 12 27.7 1.6 7.4 397 35 43 5.7 6976 9 10 213.2 7 9 32724 2 1 3.4 3 10 n/a 4638 14Namco (now part of Namco Bandai) 108.11 11 44 145.2 12.3 13.5 74 10 305 8.4 881 3 14 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/l n/lIHI 104.66 -6 -8 n/m 1.9 4.9 -40 n/m n/m -0.7 5375 4 2 n/a n/a n/a n/a n/a n/a n/a n/a n/a 13 2118 72Nintendo 101.24 30 27 18.6 4.0 4.4 543 -2 -4 21.4 2542 0 1 n/a n/a n/a n/a n/a n/a n/a n/a n/a 73 15574 75Kobe Steel 97.22 16 -1 17.0 1.4 5.3 570 102 290 8.0 7125 18 16 263.2 15 18 27067 3 -2 3.6 13 1 n/a 5318 38OKI Electric 96.80 -11 3 158.9 2.9 7.2 61 -49 -17 1.8 3358 -1 7 158.6 -5 10 21175 4 -3 4.6 -14 7 n/a 748 -35Bandai (now part of Namco Bandai) 96.28 6 27 87.4 7.2 10.5 110 -15 -2 8.3 1332 3 13 430.3 -3 0 3096 6 14 31.1 0 12 16 n/l n/lKoito Manufacturing 94.76 n/a n/a 107.7 5.3 11.1 88 25 71 4.9 1784 8 16 132.2 n/a n/a 13496 n/a n/a 7.0 n/a n/a n/a 1323 n/aJapan Radio 92.61 -6 -12 448.6 8.2 10.7 21 -38 >999 1.8 1131 -18 -15 131.3 -17 n/a 8612 -1 n/a 10.8 -5 n/a 14 206 -35Casio Computer 89.84 10 23 46.7 3.1 6.6 192 9 255 6.7 2864 4 22 226.0 -1 18 12673 4 2 7.1 5 20 21 3000 33Dainippon Pharmaceutical(now Dainippon Sumitomo Pharmaceutical) 86.09 10 23 205.9 10.0 12.1 42 -24 -36 4.9 858 2 4 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 2971 166Showa Denko 85.79 -1 6 93.2 2.1 7.0 92 -37 48 2.3 4007 10 15 360.4 10 16 11118 0 0 7.7 -1 6 n/a 2774 46Furukawa Electric 84.85 -10 -20 n/m 2.2 5.3 -6 n/m n/m -0.2 3829 5 2 147.8 5 1 25904 0 4 3.3 -10 -26 n/a 2618 58Kaneka 83.22 7 16 37.5 3.6 10.1 222 14 62 9.7 2291 6 19 313.6 -4 8 7306 10 9 11.4 -3 6 21 1976 -17Meiji Seika Kaisha 83.17 1 -5 n/m 4.6 9.8 -66 -370 -244 -3.7 1796 -1 1 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 1135 -3Nitto Denko 82.61 6 21 23.6 3.3 12.5 350 28 142 13.8 2541 14 34 155.8 -8 -11 16311 24 51 5.1 -15 -20 10 7148 24Shiseido 81.19 -2 -4 58.1 2.5 5.4 140 n/a 96 4.2 3311 5 8 128.4 -2 4 25781 7 4 3.1 -8 -8 19 4613 29Sumitomo Rubber Industries 80.24 3 13 33.7 3.2 11.5 238 20 101 9.4 2531 9 14 145.2 5 7 17433 4 6 4.6 -1 6 20 1389 -14Nissan Diesel Motor 79.78 5 19 44.5 3.5 7.3 179 n/a n/a 7.9 2276 2 15 n/a n/a n/a n/a n/a n/a n/a n/a n/a 3 700 17JSR 79.11 6 35 36.5 5.2 11.0 217 44 162 14.4 1507 11 25 345.5 10 n/a 4362 1 n/a 18.1 5 n/a 4 3461 14Chubu Electric Power 79.07 -9 -17 5.6 0.8 7.6 1424 6 -5 13.5 10528 2 -3 625.4 5 5 16834 -3 -7 4.7 -6 -11 n/a 11075 5Dainippon Ink & Chemicals 78.55 6 21 40.3 1.6 5.8 195 -6 39 3.9 4949 3 3 185.0 2 8 26757 1 -5 2.9 5 26 50 1631 14East Japan Railway 76.89 -2 7 5.1 0.6 15.9 1500 -19 -9 12.0 12523 0 0 167.1 3 6 74923 -3 -6 1.0 1 14 0 17285 39Fanuc 74.70 6 19 12.5 4.6 11.2 599 35 70 36.7 1630 25 38 373.2 n/a n/a 4369 n/a n/a 17.1 n/a n/a 35 11187 10NTN 73.80 10 24 52.0 3.9 16.1 142 39 187 7.4 1917 9 14 149.9 1 7 12788 8 6 5.8 3 17 40 1971 22SMC 73.78 3 9 20.4 5.3 7.8 361 33 110 26.1 1383 13 26 116.8 7 n/a 11839 6 n/a 6.2 -3 n/a n/a 5112 3Sumitomo Metal Industries 72.71 8 -12 8.4 1.2 8.1 863 138 >999 14.1 6104 10 -5 242.2 n/a n/a 25201 n/a n/a 2.9 n/a n/a n/a 7690 38NGK Spark Plug 70.87 3 8 53.0 6.0 11.7 134 36 99 11.2 1190 5 7 126.5 4 6 9406 1 0 7.5 2 7 60 2785 53Yokohama Rubber 70.40 3 13 82.2 3.4 9.7 86 -6 -3 4.1 2072 4 6 153.9 3 3 13464 2 2 5.2 2 11 n/a 863 1JS 68.74 -4 27 26.9 1.4 6.9 256 -6 53 5.3 4867 2 14 164.0 0 -6 29682 2 14 2.3 -6 -1 n/a 4134 29Kuraray 68.47 1 10 54.3 3.9 17.3 126 34 124 7.2 1751 7 11 253.1 4 13 6919 2 -1 9.9 -1 11 23 2513 28Terumo 67.80 -7 21 31.5 6.0 10.8 215 24 41 18.9 1135 7 18 117.9 1 2 9624 6 16 7.0 -12 6 n/a 4391 22162 <strong>The</strong> <strong>2006</strong> R&D Scoreboard<strong>The</strong> <strong>2006</strong> R&D Scoreboard 163
Ranking of the <strong>top</strong> <strong>1250</strong> global <strong>companies</strong> <strong>by</strong> R&D <strong>investment</strong> <strong>by</strong> country within region–––––––––––––––––– 2005/06 R&D <strong>investment</strong> –––––––––––––––––– ——–—–– Operating profit ——–—–– ––––––––––––––––– Sales and employees ––––––––––––––––– ————––—–––—— R&D and employees ——–—––——––––—–––––––––– Sales –––––––––– ––––– Sales / employee ––––– ––––––––– Employees ––––––––– ––––– R&D / employee ––––– Sales––––– Growth ––––– operating R&D + ––––– Growth ––––– ––––– Growth ––––– –––––– Growth ––––– ––––– Growth ––––– –––––– Growth ––––– outside –––Market cap –––change change profit sales capex as change change sales change change change change change change change change region changeCompany £m 1 yr % 4 yr % % % % sales £m 1 yr % 4 yr % % £m 1 yr % 4 yr % £000 1 yr % 4 yr % number 1 yr % 4 yr % £000 1 yr % 4 yr % % £m %3.6 Japan continuedKawasaki Heavy Industries 65.06 -11 -18 78.4 1.1 3.3 83 13 37 1.4 6127 7 8 213.6 9 9 28682 -2 -1 2.3 -9 -17 27 2636 47Glory 64.39 10 18 40.5 6.9 10.1 159 9 88 17.1 932 7 31 178.5 3 21 5221 4 8 12.3 6 8 n/a 733 -1Kyorin Pharmaceutical (now Kyorin) 62.67 54 n/a 382.9 19.2 27.9 16 -68 n/a 5.0 327 2 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 12 531 n/aDainippon Screen Mfg 62.32 13 21 67.8 4.7 6.0 92 427 n/a 6.9 1329 40 39 292.3 38 38 4547 2 1 13.7 11 20 21 1103 7Santen Pharmaceutical 62.28 6 7 70.0 13.6 18.9 89 36 40 19.4 457 3 4 198.2 4 6 2308 -1 -2 27.0 8 10 7 1215 0UBE Industries 61.63 9 4 37.9 2.1 6.7 163 65 223 5.5 2938 6 12 275.3 10 19 10673 -4 -6 5.8 13 11 n/a 1544 16Fujikura 59.85 10 8 136.1 3.4 9.1 44 n/a 195 2.5 1780 9 6 64.6 9 -5 27553 0 12 2.2 10 -4 n/a 2584 100Funai Electric 59.66 4 92 36.8 3.2 7.1 162 -25 18 8.6 1890 12 39 486.9 12 21 3882 0 16 15.4 4 77 n/a 1933 -5Toto 58.17 4 -1 43.4 2.4 6.2 134 2 122 5.6 2390 3 10 129.0 -4 2 18519 8 8 3.1 -4 -8 n/a 2128 27Oji Paper 56.75 -4 n/a 14.0 1.0 1.0 404 54 160 6.9 5849 0 -2 313.9 5 n/a 18634 -4 n/a 3.0 0 n/a n/a 3677 15Nippon Oil 56.46 18 13 5.3 0.2 2.4 1074 n/a 884 4.4 24301 15 36 1810.3 23 46 13424 -6 -6 4.2 26 21 n/a 6944 3Osaka Gas 56.28 -8 -21 14.0 1.2 7.7 403 -3 16 8.4 4813 3 2 301.0 -2 -17 15992 5 18 3.5 -12 -37 n/a 4406 5Daicel Chemical Industries 55.37 1 -3 n/m 3.7 11.9 -2 -103 -103 -0.1 1512 9 14 259.8 5 7 5819 4 7 9.5 -3 -9 n/a 1555 27Sumitomo Bakelite 54.50 9 15 66.5 4.9 8.9 82 40 74 7.4 1103 31 33 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 1184 30KDDI 54.10 -18 16 3.6 0.4 9.7 1502 2 105 10.4 14411 3 9 1164.7 9 19 12373 -6 -9 4.4 -13 26 n/a 16664 23Hoya 54.07 11 49 13.1 3.6 14.4 413 41 109 27.2 1521 14 25 71.6 -3 -15 21234 17 45 2.5 -5 3 26 8947 2Sanken Electric 52.97 10 20 109.3 6.9 14.2 48 -8 67 6.3 771 6 6 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 932 11Mitsubishi Gas Chemical 52.93 2 -8 32.1 2.8 6.9 165 78 430 8.6 1918 14 24 433.3 17 33 4426 -2 -7 12.0 5 -1 5 2876 75NGK Insulators 52.58 -15 -27 52.2 4.0 15.2 101 18 13 7.7 1313 6 -10 140.8 -1 1 9329 7 -11 5.6 -21 -18 23 2663 24Anritsu 51.89 6 -22 359.4 12.5 14.1 14 4 n/a 3.5 415 7 -25 114.9 6 -7 3610 1 -18 14.4 5 -5 n/a 395 -4Mitsubishi Materials 51.57 -7 -22 28.6 1.1 5.8 180 73 n/a 3.7 4860 4 -4 247.5 11 10 19638 -6 -13 2.6 -1 -11 9 2774 44Mitsubishi Rayon 51.28 -6 -4 40.7 3.1 11.0 126 23 190 7.7 1629 7 6 190.5 7 13 8551 0 -6 6.0 -6 1 n/a 2675 83Tohoku Electric Power 51.04 8 -6 7.2 0.6 14.1 710 -6 -27 8.9 7953 3 -2 351.5 -17 -16 22627 24 17 2.3 -12 -20 n/a 6267 2Citizen Watch 50.42 8 2 26.4 2.9 8.2 191 4 121 10.8 1763 -5 1 98.0 -5 1 17987 0 0 2.8 8 2 23 1929 24Tosoh 50.34 -1 2 18.9 1.7 8.3 267 158 235 9.2 2904 21 30 317.4 22 27 9148 -1 2 5.5 0 0 n/a 1282 -12Kajima 49.48 -10 -14 34.6 0.6 1.3 143 897 n/a 1.7 8327 4 -10 880.3 9 4 9460 -5 -13 5.2 -5 -1 9 2732 11Minebea 49.41 4 n/a 78.4 3.4 11.2 63 -24 -31 4.3 1453 10 6 30.0 -1 -4 48473 11 10 1.0 -6 n/a n/a 1215 23Ebara 49.32 -9 -36 n/m 2.1 4.7 -101 -852 n/m -4.3 2361 -6 -13 157.8 -4 -9 14965 -2 -4 3.3 -7 -33 n/a 990 29Kissei Pharmaceutical 48.82 1 -17 133.0 16.2 19.0 37 -22 -3 12.2 301 5 3 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 591 -8Kyushu Electric Power 48.64 -8 -16 5.0 0.7 15.3 969 4 7 13.9 6952 1 0 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 6462 7NSK 48.39 12 14 26.0 1.7 7.5 186 59 221 6.5 2867 11 13 138.3 6 16 20737 5 -3 2.3 7 18 30 2502 48Pentax 48.34 9 31 171.5 7.3 12.4 28 0 596 4.3 659 -1 18 n/a n/a n/a n/a n/a n/a n/a n/a n/a 52 391 38Toyo Tire 48.32 2 9 89.5 3.6 11.8 54 68 21 4.1 1332 5 7 208.9 4 7 6377 2 0 7.6 1 9 n/a 483 -5Akebono Brake Industry 47.15 8 5 97.8 7.2 11.1 48 10 118 7.4 656 -6 2 146.7 -3 n/a 4469 -3 n/a 10.6 11 n/a n/a 582 46Nippon Shokubai 47.03 1 3 41.9 4.8 10.9 112 67 170 11.5 973 16 21 357.7 14 31 2721 2 -8 17.3 -1 12 23 1375 29Nippon Kayaku 46.87 11 11 90.7 7.1 13.0 52 16 19 7.8 662 5 9 163.6 2 0 4049 3 9 11.6 8 2 n/a 916 18Toyobo 45.41 2 2 48.1 2.3 5.8 94 310 n/a 4.9 1943 6 3 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 1080 10Taisei 44.39 -5 -8 20.4 0.5 1.3 217 n/a >999 2.6 8429 7 2 504.0 n/a n/a 16723 n/a n/a 2.7 n/a n/a 1 2104 -8Zeon 44.23 6 27 62.3 3.9 10.7 71 118 159 6.2 1142 8 14 410.1 11 16 2784 -2 -1 15.9 8 29 21 1492 24Tokuyama 43.76 1 10 57.4 3.7 10.7 76 14 56 6.5 1172 8 4 255.8 8 6 4584 0 -2 9.5 1 12 0 2148 69Hamamatsu Photonics 43.66 1 8 74.2 12.0 22.0 59 44 106 16.1 365 5 16 111.4 0 6 3274 5 10 13.3 -4 -2 42 1392 64Nissan Chemical Industries 42.61 -1 19 49.0 5.3 8.4 87 24 85 10.9 797 4 11 351.0 5 4 2269 -1 3 18.8 1 12 n/a 1352 3Nippon Shinyaku 41.85 3 14 104.0 15.6 20.0 40 146 80 15.0 268 6 5 147.8 n/a n/a 1811 n/a n/a 23.1 n/a n/a n/a 359 8Shimano 41.69 39 27 35.3 5.0 9.1 118 -16 49 14.3 828 -1 17 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 1760 -11Denki Kagaku Kogyo KK 41.66 0 1 35.7 3.0 7.7 117 56 121 8.4 1382 12 11 291.1 n/a n/a 4747 n/a n/a 8.8 n/a n/a 0 1167 9Tokyo Gas 41.13 -25 n/a 5.9 0.7 8.6 692 63 53 11.8 5877 3 7 352.5 -3 -16 16670 7 23 2.5 -30 n/a n/a 8314 36Chugoku Electric Power 41.01 -5 -7 7.6 0.8 11.3 538 2 -8 10.8 4993 5 0 343.9 4 1 14521 0 0 2.8 -6 -9 n/a 4464 4Asahi Breweries 40.92 0 10 9.5 0.6 3.0 431 -4 49 6.1 7057 61 66 474.4 70 67 14878 -6 -1 2.8 6 12 n/a 4246 24Yamatake 40.32 1 -5 139.0 4.5 5.6 29 -10 66 3.3 892 6 6 127.9 2 5 6977 4 1 5.8 -3 -6 n/a 1025 34Nippon Sheet Glass 39.21 3 2 66.4 3.0 7.5 59 9 27 4.5 1308 -2 -7 108.9 -7 -5 1<strong>2006</strong> 5 -3 3.3 -2 5 1 1210 11Japan Aviation Electronics Industry 39.09 5 14 115.3 6.8 16.7 34 -14 7 5.9 572 2 5 125.4 -4 -5 4558 6 11 8.6 -1 3 n/a 747 n/aShimadzu 39.05 10 7 45.7 3.4 8.9 85 38 606 7.4 1153 7 15 139.8 3 10 8246 4 4 4.7 6 3 14 1287 26Yaskawa Electric 38.19 2 5 100.7 2.5 4.7 38 -7 n/a 2.5 1528 18 30 200.5 18 n/a 7620 0 n/a 5.0 2 n/a 24 1546 61Nippon Paper 37.33 6 11 16.5 0.6 5.4 226 -8 114 3.9 5822 -1 5 422.7 8 14 13774 -8 -8 2.7 16 20 n/a 2497 7Meiji Dairies 37.30 2 n/a 41.7 1.0 3.6 89 8 n/a 2.5 3578 0 n/a 485.5 2 n/a 7370 -1 n/a 5.1 3 n/a n/a 1159 19Shimizu 35.90 -6 -6 18.7 0.5 1.1 192 19 17 2.6 7325 -4 -7 600.9 n/a n/a 12190 n/a n/a 2.9 n/a n/a n/a 2492 2Nippon Paint 34.68 -5 n/a 69.9 3.5 6.6 50 -14 9 5.0 1001 2 3 n/a n/a n/a n/a n/a n/a n/a n/a n/a 5 705 21Yakult Honsha 33.44 5 23 28.5 2.7 6.1 117 -1 18 9.6 1221 4 6 87.4 7 2 13982 -3 3 2.4 8 14 n/a 2700 30Tokai Rubber Industries 33.17 1 7 35.9 3.1 10.9 92 -6 43 8.5 1087 11 23 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 893 n/aShowa 32.58 -16 -5 40.3 2.8 6.3 81 15 35 7.0 1153 6 25 133.6 -7 -9 8629 14 29 3.8 -26 -30 42 737 16Sysmex 32.12 17 43 74.4 8.5 11.6 43 41 124 11.4 380 17 47 121.9 9 4 3115 7 40 10.3 9 0 n/a 1256 37Kureha Chemical Industry (now Kureha) 31.87 1 5 73.9 5.0 14.2 43 24 103 6.7 644 -3 -7 169.7 -2 1 3793 -2 -8 8.4 3 14 n/a 490 3Ulvac 31.50 32 23 49.3 3.2 11.6 64 63 115 6.6 971 25 41 240.0 14 n/a 4048 9 n/a 7.8 21 n/a 3 722 21Amada 31.49 -11 2 38.9 3.2 5.8 81 269 292 8.2 992 22 21 199.4 18 7 4977 4 13 6.3 -14 -10 29 2464 40Electric Power Development 31.49 -5 5 6.0 1.1 10.8 527 -16 -7 18.0 2933 4 4 495.1 3 19 5925 1 -14 5.3 -6 20 n/a 3578 n/a164 <strong>The</strong> <strong>2006</strong> R&D Scoreboard<strong>The</strong> <strong>2006</strong> R&D Scoreboard 165
Ranking of the <strong>top</strong> <strong>1250</strong> global <strong>companies</strong> <strong>by</strong> R&D <strong>investment</strong> <strong>by</strong> country within region–––––––––––––––––– 2005/06 R&D <strong>investment</strong> –––––––––––––––––– ——–—–– Operating profit ——–—–– ––––––––––––––––– Sales and employees ––––––––––––––––– ————––—–––—— R&D and employees ——–—––——––––—–––––––––– Sales –––––––––– ––––– Sales / employee ––––– ––––––––– Employees ––––––––– ––––– R&D / employee ––––– Sales––––– Growth ––––– operating R&D + ––––– Growth ––––– ––––– Growth ––––– –––––– Growth ––––– ––––– Growth ––––– –––––– Growth ––––– outside –––Market cap –––change change profit sales capex as change change sales change change change change change change change change region changeCompany £m 1 yr % 4 yr % % % % sales £m 1 yr % 4 yr % % £m 1 yr % 4 yr % £000 1 yr % 4 yr % number 1 yr % 4 yr % £000 1 yr % 4 yr % % £m %3.6 Japan continuedDisco 31.35 2 88 48.1 9.2 13.1 65 44 274 19.2 340 14 57 197.5 11 36 1721 3 5 18.2 -1 66 17 1097 40Sumitomo Heavy Industries 31.18 1 n/a 14.9 1.2 3.2 210 95 >999 8.2 2573 8 5 230.8 10 12 11149 -1 -7 2.8 2 n/a n/a 3010 52Tokyo Seimitsu 31.09 14 49 87.9 7.4 9.5 35 n/a 367 8.5 418 36 56 365.6 31 54 1144 4 2 27.2 10 47 16 1062 9Kaken Pharmaceutical 30.95 -1 13 97.8 8.4 10.2 32 17 17 8.6 370 3 3 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 465 16Sekisui House 30.55 7 3 8.5 0.4 3.6 359 <strong>800</strong> 48 4.8 7412 9 13 456.9 34 n/a 16223 -19 n/a 1.9 31 n/a n/a 6214 41Meidensha 30.53 -9 -20 >999.9 3.3 5.3 0 -98 n/a 0.1 915 2 -3 137.4 12 11 6662 -8 -13 4.6 -1 -8 n/a 462 28Ishihara Sangyo Kaisha 30.48 4 3 77.6 6.4 11.8 39 28 71 8.2 476 3 3 250.0 -4 -2 1905 7 5 16.0 -3 -1 n/a 322 -29West Japan Railway 30.45 2 10 4.2 0.5 12.4 729 10 12 12.1 6025 0 2 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 5056 27Nissin Kogyo 30.05 10 33 44.4 4.3 11.3 68 9 8 9.7 696 13 25 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 782 65Ibiden 29.51 21 13 32.4 2.4 10.5 91 7 69 7.5 1222 12 17 154.8 n/a n/a 7891 n/a n/a 3.7 n/a n/a 23 4395 n/aCentral Glass 29.23 9 16 30.2 3.0 10.0 97 -8 15 10.1 958 7 7 217.7 n/a n/a 4403 n/a n/a 6.6 n/a n/a 15 698 -12Nihon Unisys 29.04 -15 -21 68.2 1.9 3.7 43 n/a 385 2.8 1524 0 0 175.7 0 3 8675 -1 -3 3.3 -14 -19 n/a 1048 71Taiheiyo Cement 29.03 -2 -17 15.7 0.7 4.5 185 4 >999 4.3 4307 -1 -8 246.5 3 n/a 17469 -3 n/a 1.7 1 n/a 9 2123 19Mitsui Mining & Smelting 29.02 99 143 14.0 1.3 8.9 207 136 106 9.6 2162 11 12 222.9 8 3 9701 3 8 3.0 93 124 13 1872 9Aruze 28.96 20 16 n/m 8.1 13.6 -7 -131 -104 -1.9 358 -28 -47 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 853 n/aTokyo Ohka Kogyo 28.62 -14 0 70.4 6.5 10.1 41 -5 60 9.3 439 7 14 n/a n/a n/a n/a n/a n/a n/a n/a n/a 15 677 9Toyama Chemical 28.44 12 9 354.0 36.1 38.5 8 n/a n/a 10.2 79 -5 -43 82.4 -10 -13 958 5 -35 29.7 6 57 n/a 762 77Daiwa House Industry 28.20 1 3 9.0 0.4 4.5 315 -10 n/a 4.7 6741 12 18 341.0 1 n/a 19770 11 n/a 1.4 -9 n/a n/a 5656 45Mitsui 27.87 -6 60 2.9 0.2 5.0 960 124 139 5.5 17400 18 33 455.4 23 -17 38210 -4 23 0.7 -3 21 n/a 14900 53Horiba 27.82 10 22 74.7 6.1 9.3 37 41 77 8.2 456 9 17 114.6 4 7 3984 5 9 7.0 5 12 58 746 33NOF 27.64 -3 -1 61.6 4.2 10.7 45 24 159 6.8 660 -3 -3 192.0 -54 n/a 3437 111 n/a 8.0 -54 n/a n/a 698 53Shikoku Electric Power 27.57 -6 -19 9.4 1.0 11.5 293 -1 -10 10.3 2844 3 -3 326.4 -3 n/a 8714 5 n/a 3.2 -11 n/a n/a 3327 8Nippon Light Metal 27.33 15 19 23.1 1.0 3.7 118 23 201 4.3 2765 5 5 213.9 n/a n/a 12927 n/a n/a 2.1 n/a n/a n/a 807 1Kansai Paint 27.31 -7 -9 31.8 2.8 5.3 86 20 79 8.8 971 6 8 152.0 -2 n/a 6388 9 n/a 4.3 -14 n/a 2 1218 15Ichikoh Industries 26.83 8 14 n/m 4.6 13.4 -6 n/m -154 -1.0 583 -1 3 n/a n/a n/a n/a n/a n/a n/a n/a n/a 9 158 2Tsumura 26.51 -1 9 52.3 6.3 10.0 51 -2 >999 12.1 419 3 9 151.5 n/a n/a 2763 n/a n/a 9.6 n/a n/a n/a 1111 36Nippon Soda 26.34 6 n/a 136.7 3.7 6.7 19 49 n/a 2.7 712 7 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 10 398 56Suzuken 25.44 12 18 22.9 0.4 1.0 111 -21 8 1.7 6569 11 29 632.5 1 0 10385 10 29 2.5 2 -9 n/a 2119 47Noritz 25.30 21 15 64.8 2.9 5.8 39 -15 20 4.5 869 3 6 182.3 27 3 4765 -19 1 5.3 49 12 n/a 525 n/aToagosei 24.83 -4 -8 47.8 3.5 8.7 52 62 408 7.3 712 9 6 274.2 15 18 2597 -5 -10 9.6 1 2 3 583 -27GS Yuasa 24.70 n/a n/a n/m 2.1 6.1 -13 n/a n/a -1.1 1183 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 521 n/aDaifuku 24.53 17 13 51.4 3.0 4.8 48 204 >999 5.8 820 20 21 220.8 13 14 3716 6 6 6.6 11 6 7 926 n/aSanden 24.39 12 20 72.5 2.1 8.2 34 -42 20 2.9 1150 3 10 149.0 0 7 7718 4 2 3.2 8 18 n/a n/l n/lJuki 23.94 4 -7 55.0 3.8 6.3 43 73 119 6.9 631 6 4 82.6 -17 n/a 7642 27 n/a 3.1 -18 n/a n/a 402 32Sumitomo Metal Mining 23.75 12 22 8.3 1.0 8.8 287 119 >999 12.0 2392 21 33 n/a n/a n/a n/a n/a n/a n/a n/a n/a 5 4741 n/aKeyence 23.68 13 23 6.5 3.4 4.5 363 22 64 52.8 688 19 43 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 6405 -1Nihon Kohden 23.65 2 11 64.1 5.7 8.1 37 27 221 8.9 414 1 13 152.0 -2 4 2721 2 5 8.7 0 3 n/a 460 4Nichias 23.26 2 n/a 51.1 3.9 7.6 46 8 n/a 7.7 594 13 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/l n/lAloka 22.66 -14 -10 15.8 9.9 10.9 143 >999 968 62.7 228 2 1 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 205 n/aSumco 22.46 7 n/a 5.6 2.1 208.5 400 207 n/a 36.7 1088 14 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 4184 n/aHeiwa 22.39 0 12 31.5 3.5 6.5 71 25 5 11.2 632 8 23 664.7 11 15 951 -2 7 23.5 2 4 n/a 892 -9Secom 22.06 9 -8 5.8 0.8 8.8 380 65 26 14.0 2726 5 13 100.1 n/a n/a 27222 n/a n/a 0.8 n/a n/a 0 6571 n/aHirose Electric 21.60 23 27 14.4 4.9 10.9 150 18 44 34.0 442 13 23 n/a n/a n/a n/a n/a n/a n/a n/a n/a 11 2915 n/aKurita Water Industries 20.87 -1 -9 26.5 2.6 6.3 79 20 36 9.9 794 10 10 234.8 10 12 3382 0 0 6.2 -1 -8 1 1470 n/aShindengen Electric Manufacturing 20.81 -15 -29 114.4 4.7 11.1 18 482 n/a 4.1 439 6 -4 n/a n/a n/a n/a n/a n/a n/a n/a n/a 9 263 n/aMabuchi Motor 20.71 4 14 56.7 4.5 10.2 37 -58 -67 7.9 464 -5 -12 10.0 1 -6 46412 -7 -6 0.4 12 21 23 1765 n/aUshio 20.60 24 20 20.0 3.5 10.6 103 38 121 17.5 588 20 32 n/a n/a n/a n/a n/a n/a n/a n/a n/a 24 1782 n/aHitachi Zosen 20.26 0 -24 56.2 1.2 15.4 36 n/a n/a 2.2 1667 0 -17 206.3 0 -5 8079 0 -13 2.5 1 -13 3 393 n/aMakita 20.16 0 8 12.3 2.1 5.5 164 152 235 17.1 961 6 13 112.3 n/a n/a 8560 n/a n/a 2.4 n/a n/a n/a 2633 n/aSanyo Chemical Industries 20.12 5 0 64.5 4.4 14.3 31 21 2 6.8 461 10 14 329.4 10 13 1400 0 0 14.4 5 1 5 489 n/aKomori 19.68 2 n/a 39.5 3.6 6.3 50 27 30 9.0 552 8 11 239.9 8 12 2300 0 -1 8.6 3 n/a 43 896 n/aHokkaido Electric Power 19.51 -4 -17 4.7 0.8 17.3 412 4 9 16.0 2578 1 -1 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 2999 n/aExedy 19.47 -1 0 42.3 2.9 10.9 46 -8 19 6.8 673 11 21 102.6 -6 -6 6558 18 29 3.0 -16 -23 19 835 n/aISEKI 19.44 3 n/a 71.5 2.5 5.7 27 -7 68 3.5 777 2 -1 116.6 2 n/a 6665 0 n/a 2.9 3 n/a 9 372 n/a3.7 Malaysia 53.51 -36.0 n/a 46.8 4.1 14.6 114 53.8 n/a 8.8 1307 31.1 n/a 118.9 6.7 n/a 11000 22.8 n/a 4.9 -47.9 n/a n/a 426 -45.1Proton Holdings Berhad 53.51 -36.0 n/a 46.8 4.1 14.6 114 53.8 n/a 8.8 1307 31.1 n/a 118.9 6.7 n/a 11000 22.8 n/a 4.9 -47.9 n/a n/a 426 -45.13.8 Singapore 47.95 18.4 49.3 n/m 6.7 9.5 -42 -264.5 -554.4 -5.9 713 50.3 37.9 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 267 -25.5Creative Technology 47.95 18.4 49.3 n/m 6.7 9.5 -42 -264.5 -554.4 -5.9 713 50.3 37.9 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 267 -25.53.9 South Africa 20.85 -42.5 -64.3 1.6 0.3 19.2 1344 58.2 23.5 21.1 6359 15.1 21.7 211.9 18.6 25.8 30004 -2.9 -3.2 0.7 -40.8 -63 n/a 14660 8.0Sasol 20.85 -42.5 -64.3 1.6 0.3 19.2 1344 58.2 23.5 21.1 6359 15.1 21.7 211.9 18.6 25.8 30004 -2.9 -3.2 0.7 -40.8 -63 n/a 14660 8.0166 <strong>The</strong> <strong>2006</strong> R&D Scoreboard<strong>The</strong> <strong>2006</strong> R&D Scoreboard 167
Ranking of the <strong>top</strong> <strong>1250</strong> global <strong>companies</strong> <strong>by</strong> R&D <strong>investment</strong> <strong>by</strong> country within region–––––––––––––––––– 2005/06 R&D <strong>investment</strong> –––––––––––––––––– ——–—–– Operating profit ——–—–– ––––––––––––––––– Sales and employees ––––––––––––––––– ————––—–––—— R&D and employees ——–—––——––––—–––––––––– Sales –––––––––– ––––– Sales / employee ––––– ––––––––– Employees ––––––––– ––––– R&D / employee ––––– Sales––––– Growth ––––– operating R&D + ––––– Growth ––––– ––––– Growth ––––– –––––– Growth ––––– ––––– Growth ––––– –––––– Growth ––––– outside –––Market cap –––change change profit sales capex as change change sales change change change change change change change change region changeCompany £m 1 yr % 4 yr % % % % sales £m 1 yr % 4 yr % % £m 1 yr % 4 yr % £000 1 yr % 4 yr % number 1 yr % 4 yr % £000 1 yr % 4 yr % % £m %3.10 South Korea 7117.24 11.9 22.4 40.1 3.9 17.7 17740 -19.0 6.1 9.6 184133 4.4 11.3 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 155445 n/aSamsung Electronics 3169.30 12 57 69.1 6.8 21.1 4585 -34 0 9.9 46462 -2 28 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 61021 12Hyundai Motor 1362.30 22 110 68.0 4.0 10.6 2003 30 28 5.9 33901 11 25 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 12032 10LG Electronics 1021.93 15 50 151.3 4.0 17.9 676 -63 -38 2.6 25611 3 37 355.2 n/a n/a 72104 n/a n/a 14.2 n/a n/a n/a 5651 0Korea Electric Power 225.20 8 6 9.5 1.5 25.3 2360 -9 -13 16.1 14662 6 20 397.9 -6 0 36853 13 20 6.1 -4 -12 n/a 14168 6LG Philips LCD 210.58 -12 19 75.3 3.6 45.0 280 -72 -34 4.8 5806 21 98 299.8 -18 n/a 19363 47 n/a 10.9 -40 n/a 24 7434 -29Hynix Semiconductor 190.92 -16 -14 23.1 5.6 51.8 826 -1 n/a 24.1 3433 2 43 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 9320 64Samsung Electro-Mechanics 159.63 23 n/a n/m 12.4 19.8 -61 n/m n/a -4.8 1286 -17 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 1627 n/aSK Telecom 146.09 -7 22 10.0 2.4 15.6 1458 9 1 23.6 6178 1 11 929.6 12 7 6646 -10 4 22.0 3 18 n/a 9267 3POSCO 130.01 -19 -9 4.1 0.9 13.6 3154 2 90 20.8 15156 10 52 797.5 12 n/a 19004 -2 n/a 6.8 -17 n/a n/a 12494 13LG Chem 109.69 11 n/a 34.9 2.6 8.6 314 -47 -29 7.3 4292 -16 6 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 1534 -5Pantech & Curitel 81.34 19 n/a n/m 8.3 11.1 -104 >-999 n/a -10.6 981 -16 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 93 n/aHyundai Heavy Industries 76.04 13 36 41.9 0.9 4.1 181 164 104 2.3 8013 17 50 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 5273 88KT 73.36 24 -51 5.4 0.7 17.5 1357 10 5 13.7 9886 1 13 260.4 14 33 37957 -12 -15 1.9 41 -42 n/a 6671 2Pantech 63.18 73 n/a n/m 16.7 26.0 -26 -238 n/a -6.9 377 0 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 215 n/aHankook Tire 41.54 20 44 25.2 3.6 12.7 165 6 82 14.2 1162 9 24 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 1010 n/aHyundai Mobis 32.17 48 173 5.5 0.8 4.8 585 26 79 13.9 4209 38 103 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 4034 n/aDaewoo Shipbuilding & Marine 23.97 43 24 n/m 0.9 6.2 -12 -106 -106 -0.4 2717 -1 22 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 3603 n/a3.11 Taiwan 2662.44 30.5 44.6 40.5 2.5 15.2 6569 -25.2 17.8 6.3 104680 26.7 70.4 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 123333 n/aTaiwan Semiconductor Manufacturing 248.59 12 18 15.0 5.2 34.5 1660 2 103 34.4 4821 4 42 245.4 -2 16 19642 6 24 12.7 6 -6 n/a 25137 4United Microelectronics 170.86 31 30 n/m 9.6 28.9 -102 -130 -167 -5.8 1779 -22 10 147.4 -32 -14 12068 13 29 14.2 15 0 n/a 13111 61Hon Hai Precision Industry 154.90 24 94 17.2 1.0 5.8 900 53 128 5.6 16171 68 175 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 14249 39Benq 136.66 70 161 n/m 4.4 8.1 -121 -193 -205 -3.9 3135 1 50 158.6 -26 -53 19765 37 124 6.9 24 -14 n/a 831 -47MediaTek 128.21 98 186 39.8 13.7 20.4 322 28 45 34.4 936 30 71 799.7 0 -19 1171 31 106 109.5 52 45 n/a 4602 n/aAsustek Computer 107.98 83 174 28.8 1.7 7.0 375 37 63 5.9 6347 43 121 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 3994 -14Winbond Electronic 103.65 23 0 n/m 20.4 104.1 -25 -151 n/m -4.9 507 -10 -4 112.8 -21 n/a 4497 15 n/a 23.0 7 n/a n/a 638 -32Tatung 95.94 267 133 n/m 2.6 19.9 -143 -369 n/m -3.9 3635 85 64 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 840 -4Quanta Computer 94.19 81 144 85.4 1.1 27.0 110 -49 -46 1.3 8499 45 228 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 2681 -25AU Optronics 86.59 -3 56 29.7 2.2 39.3 292 -42 45 7.6 3856 29 125 158.5 6 5 24327 22 73 3.6 -20 -22 n/a 5149 -7Nanya Technology 76.43 0 60 693.2 8.6 13.9 11 -93 26 1.2 889 24 80 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 1499 -10Chi Mei Optoelectronic 76.25 56 105 45.2 2.7 42.8 169 -48 -14 5.9 2867 33 83 185.9 6 n/a 15421 25 n/a 4.9 25 n/a n/a 3936 -3Pou Chen 73.36 250 510 40.2 2.7 10.2 183 >999 193 6.8 2675 395 639 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 1120 n/aDelta Electronics 68.19 19 34 49.2 4.8 10.6 139 36 70 9.7 1434 43 64 n/a n/a n/a n/a n/a n/a n/a n/a n/a 34 3087 61Lite-On Technology 65.33 27 112 35.6 1.6 2.6 184 -3 32 4.6 4032 4 72 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 2141 n/aChunghwa Picture Tubes 62.73 11 38 n/m 3.4 58.0 -101 -148 -342 -5.5 1833 -12 20 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 1025 -44Compal Electronics 52.25 12 95 31.0 1.3 2.7 168 -20 29 4.1 4076 30 105 203.2 n/a n/a <strong>2006</strong>0 n/a n/a 2.6 n/a n/a n/a 1962 -12Macronix International 51.56 15 -10 n/m 15.7 25.0 -123 >-999 n/m -37.4 329 -19 -5 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 525 21Sunplus Technology 50.18 38 113 122.5 10.4 13.6 41 -7 20 8.5 480 43 139 425.5 27 60 1129 12 55 44.4 23 42 n/a 537 n/aAdvanced Semiconductor Engineering 49.40 8 45 n/m 3.2 21.4 -78 -197 -214 -5.1 1528 5 60 52.6 26 25 29039 -16 25 1.7 29 14 n/a 2321 28ProMOS Technologies 48.95 16 76 266.8 9.3 116.0 18 -91 -21 3.5 529 -31 24 122.4 -48 -22 4322 34 68 11.3 -13 6 n/a 1365 n/aChunghwa Telecom 45.78 4 -10 5.7 1.4 13.8 808 -26 -18 24.7 3276 0 2 119.5 4 9 27409 -4 -7 1.7 8 -3 n/a 10059 -4China Motor 41.27 -15 6 72.7 4.4 4.4 57 n/m -18 6.1 931 -27 -18 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 679 -14Wistron 40.03 0 20 62.3 1.4 3.7 64 n/a >999 2.2 2922 41 107 146.1 n/a n/a 20000 n/a n/a 2.0 n/a n/a n/a 758 n/aInventec Appliances 36.95 21 n/a 59.3 10.3 10.3 62 35 n/a 17.4 358 -74 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 740 n/aTaiwan Power 35.42 -3 -8 16.5 0.5 0.5 215 -40 -68 3.3 6502 7 12 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/l n/lHigh Tech Computer 35.37 0 n/a 52.4 2.8 3.9 67 0 n/a 5.3 1280 102 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 5455 n/aRealtek Semiconductor 34.78 44 75 114.3 17.9 25.3 30 11 -28 15.7 194 18 25 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 520 n/aMiTAC International 34.07 44 78 39.1 2.3 6.4 87 89 142 5.9 1487 41 -17 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 653 n/aPowerchip Semiconductor 30.52 64 43 33.2 3.2 80.2 92 -77 43 9.6 956 -6 107 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 2248 n/aQuanta Display 28.73 n/a n/a n/m 2.6 2.6 -137 n/a n/a -12.5 1094 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 1218 n/aInventec 28.39 13 39 54.2 1.0 1.2 52 16 -9 1.8 2883 24 89 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 779 36Hannstar Display 28.34 n/a n/a n/m 2.6 25.2 -133 n/a n/a -12.0 1106 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 490 n/aMicro-Star International 27.98 -2 39 143.9 2.1 2.8 19 630 -60 1.5 1317 8 28 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 255 -26Kinpo Electronics 26.28 13 35 69.0 2.3 2.3 38 -21 6 3.3 1145 10 64 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 280 n/aMosel Vitelic 22.30 383 -64 204.7 5.3 5.3 11 -81 n/a 2.6 422 -8 15 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 261 n/aChina Steel 21.55 14 28 1.8 0.4 7.2 1198 4 101 23.8 5039 69 128 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 5125 n/aNovatek Microelectronics 21.27 n/a n/a 22.1 4.6 4.6 96 n/a n/a 20.9 460 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 1480 n/aOptimax Technology 21.20 18 n/a n/m 67.4 67.4 -37 -167 n/a -116.8 31 -75 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 269 n/aD-Link 20.75 -7 27 52.4 3.2 5.0 40 -1 88 6.1 645 12 53 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 372 n/aAccton Technology 20.45 -14 6 >999.9 6.3 8.0 1 n/a n/a 0.4 325 -14 -6 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 168 n/aSilicon Integrated Systems 20.26 3 -32 188.1 10.1 11.0 11 n/a n/a 5.4 201 8 -14 306.1 9 36 657 -1 -47 30.8 4 16 n/a 371 n/aUniversal Scientific Industrial 19.31 10 57 97.6 2.1 5.5 20 -22 94 2.1 927 -2 31 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 146 n/aGiga<strong>by</strong>te Technology 19.27 22 43 66.6 2.3 4.2 29 3 -39 3.5 822 17 32 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 259 n/a168 <strong>The</strong> <strong>2006</strong> R&D Scoreboard<strong>The</strong> <strong>2006</strong> R&D Scoreboard 169
Ranking of the <strong>top</strong> <strong>1250</strong> global <strong>companies</strong> <strong>by</strong> R&D <strong>investment</strong>Ranking of the <strong>top</strong> <strong>1250</strong> global <strong>companies</strong> <strong>by</strong> R&D <strong>investment</strong>—–––––—— 2005/06 R&D <strong>investment</strong> —–––––—— ——––––––—– Previous R&D <strong>investment</strong> ——––––––—–change sales 2004/05 2003/04 2002/03 2001/02Company Rank £m 1 yr % % Industry £m £m £m £mAll <strong>companies</strong> composite 249354.87 7 3.6 231031.31 217951.68 206546.47 202071.10Ford Motor, USA 1 4659.83 8 4.5 2 4310.35 4368.59 4485.09 4310.35Pfizer, USA 2 4334.81 -3 14.5 33 4475.77 4153.66 3014.91 2823.28General Motors, USA 3 3902.61 3 3.5 2 3786.11 3320.13 3378.38 3611.37DaimlerChrysler, Germany 4 3881.41 0 3.8 2 3887.59 3827.81 4171.36 4076.54Microsoft, USA 5 3835.04 6 14.9 35 3602.05 4531.10 2713.77 2508.74Toyota Motor, Japan 6 3726.77 11 4.1 2 3367.15 3298.68 2908.32 2347.65Johnson & Johnson, USA 7 3676.61 21 12.5 33 3030.64 2728.33 2304.87 2091.68Siemens, Germany 8 3541.98 2 6.8 8 3478.77 3786.59 3998.21 4659.89Samsung Electronics, South Korea 9 3169.30 12 6.8 8 2825.14 2062.75 1754.78 1427.93GlaxoSmithKline, <strong>UK</strong> 10 3136.00 10 14.5 33 2839.00 2791.00 2936.00 2651.00IBM, USA 11 3132.57 4 5.9 35 3009.67 2679.40 2762.70 2691.05Intel, USA 12 2996.86 8 13.3 37 2783.09 2539.61 2349.72 2211.09Novartis, Switzerland 13 2822.69 15 15.0 33 2450.49 2187.79 1919.92 1851.41Volkswagen, Germany 14 2799.92 -2 4.3 2 2861.07 2844.58 3003.30 2464.62Matsushita Electric, Japan 15 2787.28 -8 6.4 23 3037.71 2858.59 2719.36 2790.98Sanofi-Aventis, France 16 2778.62 2 14.8 33 2721.59 2795.11 836.88 708.40Nokia, Finland 17 2733.27 4 11.6 37 2634.33 2733.27 2384.22 2347.12Sony, Japan 18 2624.49 6 7.7 23 2477.49 2539.05 2186.90 2137.98Roche, Switzerland 19 2521.44 12 16.1 33 2250.95 2106.43 1881.46 1720.59Honda Motor, Japan 20 2308.44 4 5.4 2 2215.72 2155.99 1950.25 1741.27Merck, USA 21 2241.38 -4 17.5 33 2335.86 1851.18 1559.41 1430.80Motorola, USA 22 2143.52 20 10.0 37 1782.39 2196.53 2186.63 2515.14BMW, Germany 23 2140.31 11 6.7 2 1936.24 1758.28 1603.00 1295.18Hewlett-Packard, USA 24 2032.85 0 4.0 37 2042.17 2127.21 1929.17 1555.22Robert Bosch, Germany 25 2013.88 1 7.0 2 1991.21 1820.81 1708.81 1562.46Hitachi, Japan 26 1999.13 4 4.3 37 1917.97 1835.01 1861.31 2050.30General Electric, USA 27 1994.99 11 2.3 16 1<strong>800</strong>.44 1547.06 1290.19 1153.31AstraZeneca, <strong>UK</strong> 28 1968.20 -11 14.1 33 2215.17 2010.14 1787.63 1615.21Nissan Motor, Japan 29 1964.92 12 4.6 2 1748.63 1482.17 1293.61 1143.34Cisco Systems, USA 30 1935.00 4 13.4 37 1859.27 1826.07 2008.39 2284.48Ericsson, Sweden 31 1875.74 16 16.9 37 1610.35 2145.23 2146.76 3413.62Eli Lilly, USA 32 1762.29 12 20.7 33 1567.51 1368.94 1251.92 1301.90Toshiba, Japan 33 1717.48 3 6.0 37 1661.74 1635.97 1609.70 1618.31EADS, <strong>The</strong> Netherlands 34 1626.36 3 6.9 1 1576.89 1506.80 1440.15 1405.80Philips Electronics, <strong>The</strong> Netherlands 35 1605.74 -8 7.7 23 1741.10 1798.13 2090.83 2275.66Wyeth, USA 36 1601.46 12 14.7 33 1433.25 1219.44 1211.67 1089.05Bristol-Myers Squibb, USA 37 1599.49 10 14.3 33 1456.20 1327.47 1291.94 1271.55NTT, Japan 38 1569.74 -10 2.9 10 1751.30 1954.15 1929.11 2003.76Renault, France 39 1555.59 15 5.6 2 1347.40 1193.49 1223.03 1329.53Peugeot (PSA), France 40 1477.94 2 3.8 2 1455.27 1441.53 1281.44 1190.74BAE Systems, <strong>UK</strong> 41 1449.00 31 13.2 1 1110.00 1099.00 899.00 994.00Canon, Japan 42 1413.80 4 7.6 8 1358.65 1278.90 1153.19 1078.90Hyundai Motor, South Korea 43 1362.30 22 4.0 2 1117.79 552.87 356.85 563.41NEC, Japan 44 1358.88 7 5.7 37 1266.70 1461.99 1646.53 1702.42Amgen, USA 45 1347.86 14 18.6 33 1181.27 964.24 650.40 503.84Bayer, Germany 46 1295.86 -22 6.9 5 1651.78 1658.65 1739.73 1709.50Boeing, USA 47 1284.37 17 4.0 1 1094.48 961.67 954.68 1127.68Delphi, USA 48 1281.45 5 8.2 2 1223.21 1164.96 990.21 990.21Alcatel, France 49 1231.28 15 13.6 37 1069.81 1094.54 1628.42 2127.94Finmeccanica, Italy 50 1199.67 20 15.6 1 998.82 843.09 679.20 593.87Fujitsu, Japan 51 1185.53 -4 5.0 37 1238.28 1410.15 1726.59 1990.87Denso, Japan 52 1175.76 11 8.5 2 1060.65 902.57 916.10 873.32Texas Instruments, USA 53 1173.70 2 15.0 37 1152.14 1018.17 943.03 930.80Procter & Gamble, USA 54 1130.01 8 3.4 19 1049.63 969.83 932.55 1030.41Oracle, USA 55 1090.40 26 13.0 35 868.48 744.41 687.33 626.75Schering-Plough, USA 56 1086.32 16 19.6 33 936.04 855.66 830.03 764.21Nortel Networks, Canada 57 1081.08 -5 17.6 37 1141.08 1141.66 1298.93 1877.91Abbott Laboratories, USA 58 1060.80 7 8.2 33 988.32 1009.71 909.71 918.89Sun Microsystems, USA 59 1039.73 -7 16.1 37 1121.86 1070.01 1067.10 1174.28LG Electronics, South Korea 60 1021.93 15 4.0 8 889.26 631.45 529.38 n/aBoehringer Ingelheim, Germany 61 934.45 10 14.3 33 846.50 808.03 895.97 700.15Fiat, Italy 62 905.59 n/a 2.9 2 n/a n/a n/a n/aSTMicroelectronics, <strong>The</strong> Netherlands 63 905.17 7 17.5 37 843.43 676.84 551.03 569.62Fuji Photo Film, Japan 64 898.96 8 6.8 23 829.19 855.38 785.28 724.88—–––––—— 2005/06 R&D <strong>investment</strong> —–––––—— ——––––––—– Previous R&D <strong>investment</strong> ——––––––—–change sales 2004/05 2003/04 2002/03 2001/02Company Rank £m 1 yr % % Industry £m £m £m £mInfineon Technologies, Germany 65 854.06 9 18.4 37 786.73 744.13 662.36 n/aLucent Technologies, USA 66 820.71 11 14.9 37 739.75 866.73 1345.53 2050.33United Technologies, USA 67 796.25 9 3.2 1 731.59 598.21 693.73 730.43EI du Pont de Nemours, USA 68 778.19 0 5.0 5 776.45 785.76 736.25 924.98Volvo, Sweden 69 772.97 18 4.4 20 654.84 574.55 551.35 543.81SAP, Germany 70 748.00 7 12.8 35 700.85 684.31 624.84 617.19BASF, Germany 71 746.39 -7 2.5 5 805.83 759.04 780.06 856.88Sharp, Japan 72 731.03 7 5.8 8 684.93 750.86 621.54 655.91BT, <strong>UK</strong> 73 727.00 39 3.7 10 522.00 334.00 380.00 362.00Takeda Pharmaceutical, Japan 74 698.09 9 12.6 33 639.85 613.09 494.89 443.40Freescale Semiconductor, USA 75 696.06 24 20.5 37 562.09 n/a n/a n/aEMC, USA 76 682.62 16 12.1 37 590.75 484.56 528.97 540.95Schering, Germany (now part of Bayer) 77 679.54 6 18.6 33 641.06 650.68 666.48 593.65Advanced Micro Devices, USA 78 666.37 22 19.6 37 544.37 496.32 475.37 379.15Nestle, Switzerland 79 662.51 6 1.6 12 624.50 532.57 533.90 513.57Unilever, <strong>UK</strong> 80 654.80 -8 2.4 12 714.58 731.76 801.15 809.40Sanyo Electric, Japan 81 650.59 5 5.3 8 617.91 596.33 528.28 537.15Medtronic, USA 82 648.24 17 9.9 18 554.11 495.98 436.51 376.46Mitsubishi Electric, Japan 83 644.24 4 3.8 37 618.46 798.01 1009.73 969.26Caterpillar, USA 84 631.41 17 3.0 20 540.54 389.68 382.11 405.41Dow Chemical, USA 85 625.00 5 2.3 5 595.29 571.41 620.92 624.42Honeywell, USA 86 624.42 17 3.9 16 534.13 437.44 440.94 484.62Mitsubishi Heavy, Japan 87 612.07 25 4.8 16 491.12 540.28 585.09 573.68Lockheed Martin, USA 88 606.94 8 2.8 1 560.35 525.98 483.46 353.57Qualcomm, USA 89 588.89 40 17.8 37 419.39 304.79 263.09 241.59AKZO Nobel, <strong>The</strong> Netherlands 90 575.10 1 6.4 5 567.54 612.89 626.63 581.97Altria, USA 91 549.28 17 1.0 38 471.23 443.85 399.58 376.86Applied Materials, USA 92 547.83 -5 13.5 37 577.75 536.24 612.93 698.28Ricoh, Japan 93 544.77 0 5.8 37 545.23 456.58 412.34 398.76Valeo, France 94 535.25 11 7.8 2 480.97 387.52 396.46 425.31Eastman Kodak, USA 95 519.57 4 6.3 23 497.44 454.92 443.85 453.75France Telecom, France 96 491.96 27 1.5 10 387.52 328.43 395.77 389.58Merck, Germany 97 489.90 19 12.1 33 411.57 415.42 408.96 389.86Tyco International, Bermuda 98 486.95 7 2.0 16 456.66 390.61 368.94 333.18Syngenta, Switzerland 99 478.80 2 10.1 5 471.23 423.46 405.99 421.13Aisin Seiki, Japan 100 471.53 7 5.2 2 439.60 395.18 333.94 290.34Novo Nordisk, Denmark 101 468.41 17 15.1 33 400.89 386.25 381.27 365.70Visteon, USA 102 468.31 -10 4.7 2 521.90 525.98 525.40 651.793M, USA 103 464.82 5 3.8 16 442.10 436.28 429.87 433.95TOTAL, France 104 464.48 6 0.6 30 436.31 458.29 454.86 477.53CA, USA 105 454.92 3 20.5 35 442.69 411.23 410.07 425.79Mazda Motor, Japan 106 448.31 3 3.4 2 433.34 433.31 468.66 412.66Electronic Arts, USA 107 441.52 20 25.7 23 368.71 297.56 233.57 225.85Mitsubishi Chemical, Japan 108 440.29 1 4.1 5 436.83 449.30 417.46 335.69Xerox, USA 109 439.77 -1 4.9 37 442.68 505.59 534.13 580.73Biogen Idec, USA 110 435.50 10 30.9 33 394.42 135.91 52.91 50.27Agilent Technologies, USA 111 429.87 -21 10.6 8 543.45 612.19 680.92 785.76Suzuki Motor, Japan 112 428.65 15 3.7 2 374.02 298.30 222.12 n/aABB, Switzerland 113 427.54 6 3.2 8 401.91 357.06 320.36 380.94Sankyo, Japan(now part of Daiichi Sankyo) 114 427.14 0 14.7 33 427.98 427.69 402.76 388.69Exxon Mobil, USA 115 414.73 10 0.2 30 378.03 359.97 367.54 351.24Continental, Germany 116 405.66 11 4.3 2 364.16 342.31 337.50 315.58Symantec, USA 117 397.32 104 16.5 35 194.58 146.95 114.91 95.51Boston Scientific, USA 118 396.09 20 10.8 18 331.43 263.28 199.79 160.18Deere, USA 119 394.51 11 3.2 20 356.24 336.27 307.43 343.72Bridgestone, Japan 120 391.93 9 3.0 2 359.76 350.23 336.39 309.71Michelin, France 121 388.21 -16 3.6 2 462.95 488.17 483.70 482.27Eisai, Japan 122 386.55 14 14.7 33 340.53 294.65 271.61 244.85Sumitomo Chemical, Japan 123 385.97 4 6.0 5 371.09 359.39 329.03 291.80ZF, Germany 124 384.09 7 5.2 2 357.62 360.04 372.41 232.93Broadcom, USA 125 378.98 18 24.4 37 322.51 380.57 415.99 260.16MAN, Germany 126 375.84 37 3.7 20 274.84 279.65 290.64 289.27Telefonica, Spain 127 373.78 18 1.4 10 316.75 302.32 352.48 337.36Schneider, France 128 372.48 1 4.6 8 367.73 339.43 324.79 352.27Automatic Data Processing, USA 129 363.53 7 7.3 36 338.52 290.77 276.59 299.56170 <strong>The</strong> <strong>2006</strong> R&D Scoreboard<strong>The</strong> <strong>2006</strong> R&D Scoreboard 171
Ranking of the <strong>top</strong> <strong>1250</strong> global <strong>companies</strong> <strong>by</strong> R&D <strong>investment</strong>Ranking of the <strong>top</strong> <strong>1250</strong> global <strong>companies</strong> <strong>by</strong> R&D <strong>investment</strong>—–––––—— 2005/06 R&D <strong>investment</strong> —–––––—— ——––––––—– Previous R&D <strong>investment</strong> ——––––––—–change sales 2004/05 2003/04 2002/03 2001/02Company Rank £m 1 yr % % Industry £m £m £m £mSerono, Switzerland 130 354.09 -1 23.5 33 356.85 283.96 208.59 179.73Yamaha Motor, Japan 131 353.44 5 5.2 2 337.89 309.73 276.38 241.48Rolls-Royce, <strong>UK</strong> 132 352.00 25 5.3 1 282.00 281.00 297.00 358.00Micron Technology, USA 133 351.64 -20 12.4 37 439.71 382.34 326.95 285.12UCB, Belgium 134 351.11 42 20.2 33 248.04 185.52 147.53 123.94Google, USA 135 349.20 52 9.8 35 230.18 133.74 23.59 n/aGuidant, USA(now part of Boston Scientific) 136 348.32 16 16.8 18 300.56 301.96 254.84 222.16Thales, France 137 346.02 16 4.9 1 299.57 261.58 295.52 297.03Monsanto, USA 138 342.50 15 9.3 5 297.65 306.97 n/a n/aRoyal Dutch Shell, <strong>UK</strong> 138 342.50 6 0.2 30 322.11 340.17 274.93 225.42Yahoo!, USA 140 342.22 52 11.2 35 225.86 120.75 90.09 73.45L'Oreal, France 141 340.94 -2 3.4 32 348.36 329.81 321.56 296.83Mitsubishi Motors, Japan 142 339.42 0 3.2 2 339.90 384.73 n/a n/aRoyal Bank of Scotland, <strong>UK</strong> 143 329.00 9 1.3 3 303.00 n/a n/a n/aSolvay, Belgium 144 327.74 12 5.3 5 293.39 288.58 281.71 245.98Konica Minolta, Japan 145 325.69 34 6.2 23 242.33 149.58 143.96 131.63SAFRAN, France 146 322.94 n/a 5.4 1 n/a 428.75 427.37 332.56ALTANA, Germany 147 319.47 4 14.2 33 305.79 282.99 253.63 195.58Amazon.com, USA 148 315.12 65 6.4 17 190.46 167.38 161.08 142.06Northrop Grumman, USA 149 313.37 7 1.8 1 293.57 232.99 236.49 199.21Pioneer, Japan 150 313.10 13 8.1 8 275.86 254.08 224.00 192.72Apple Computer, USA 151 311.04 9 3.8 37 284.83 274.35 259.79 250.47Baxter International, USA 152 310.46 3 5.4 18 301.14 322.11 291.82 248.72Deutsche Telekom, Germany 153 297.51 0 0.7 10 298.20 618.39 618.39 618.39Schlumberger, USA 154 294.45 8 3.5 31 272.22 323.93 378.63 410.26Raytheon, USA 155 292.99 2 2.3 1 286.00 283.67 341.92 276.68BP, <strong>UK</strong> 156 292.40 14 0.2 30 255.71 203.29 217.27 224.25Yamanouchi Pharmaceutical(now Astellas Pharma), Japan 157 290.39 -16 13.2 33 345.86 330.03 321.62 269.30Analog Devices, USA 158 289.55 -3 20.8 37 298.07 262.25 246.90 270.67Daiichi Pharmaceutical, Japan(now part of Daiichi Sankyo) 159 283.36 -3 17.5 33 291.42 263.42 239.46 197.36Genzyme, USA 160 281.04 27 17.6 33 220.90 184.05 170.74 145.04AREVA, France 161 280.34 1 4.0 7 276.21 195.82 228.12 259.04Sumitomo Electric, Japan 162 278.74 2 3.2 8 272.80 240.05 239.07 220.95Electricite de France, France 163 276.21 -5 0.8 7 292.02 261.78 296.83 287.21Dell, USA 164 269.69 0 0.8 37 269.69 192.22 185.81 186.98Agere Systems, USA 165 269.11 -7 27.6 37 288.91 272.02 403.66 n/aKyocera, Japan 166 268.46 17 4.6 37 230.13 233.28 199.38 173.36Lagardere, France 167 260.41 18 2.9 25 220.56 226.74 218.50 213.00Corning, USA 168 258.04 25 9.7 37 206.78 200.37 281.34 367.54Fuji Heavy Industries, Japan 169 256.84 -10 3.6 2 283.97 296.65 270.96 230.09Asahi Kasei, Japan 170 250.29 5 3.7 5 238.96 243.36 244.66 245.61Mitsubishi Pharma, Japan(now part of Mitsubishi Chemical) 171 249.14 0 21.6 33 249.36 238.22 169.34 93.82Taiwan Semiconductor Manufacturing, Taiwan 172 248.59 12 5.2 37 221.99 225.47 207.95 188.87Komatsu, Japan 173 247.80 8 3.0 20 229.23 210.25 192.60 217.56Cadence Design Systems, USA 174 246.59 9 31.8 35 227.03 210.14 225.52 174.85Chiron, USA(now part of Novartis, Switzerland) 175 245.11 2 21.9 33 240.61 227.89 189.77 195.31HSBC, <strong>UK</strong> 176 244.64 34 0.7 3 182.90 n/a n/a n/aOmron, Japan 177 244.00 6 8.1 8 229.46 198.57 204.35 209.81Johnson Controls, USA 178 241.73 -19 1.5 2 299.98 281.92 255.71 198.63Forest Laboratories, USA 179 239.07 40 14.7 33 171.05 143.56 119.34 91.91Telstra, Australia 180 235.87 20 2.4 10 196.98 254.67 237.15 314.06Olympus, Japan 181 235.51 23 5.9 8 190.85 171.42 150.41 152.24Vivendi Universal (now Vivendi), France 182 233.61 75 1.7 25 133.30 116.81 80.39 162.84Petroleo Brasiliero, Brazil 183 232.41 61 0.7 30 144.46 117.08 85.62 76.89LSI Logic, USA 184 231.43 -6 20.7 37 245.52 252.04 266.40 293.05PetroChina, China 185 230.61 9 0.6 30 211.92 174.02 130.36 136.85Avaya, USA 186 229.50 13 8.0 37 202.70 211.44 267.36 312.21Allergan, USA 187 227.75 13 16.9 33 201.31 177.07 135.78 146.96Unisys, USA 188 226.93 -6 6.8 35 241.09 247.09 240.68 272.78ASML, <strong>The</strong> Netherlands 189 226.06 -1 13.0 37 227.40 197.00 205.03 280.49Korea Electric Power, South Korea 190 225.20 8 1.5 7 207.89 170.77 199.28 271.68—–––––—— 2005/06 R&D <strong>investment</strong> —–––––—— ——––––––—– Previous R&D <strong>investment</strong> ——––––––—–change sales 2004/05 2003/04 2002/03 2001/02Company Rank £m 1 yr % % Industry £m £m £m £mAutoliv, Sweden 191 224.72 5 6.2 2 214.59 177.89 133.85 116.96MedImmune, USA 192 224.02 18 30.9 33 190.65 91.05 83.96 48.34Henkel, Germany 193 222.62 19 2.7 19 186.89 176.58 177.96 235.67Danaher, USA 194 220.76 29 4.7 8 171.25 120.57 101.35 69.32Tokyo Electron, Japan 195 216.60 -1 6.9 37 217.89 247.37 265.64 261.12St Jude Medical, USA 196 215.07 31 12.7 18 164.22 140.43 116.69 95.59Teva Pharmaceutical Industries, Israel 197 214.88 9 7.0 33 197.11 124.36 96.11 62.48Adobe Systems, USA 198 212.80 17 18.6 35 181.32 161.34 143.34 130.55eBay, USA 199 212.77 30 9.8 17 164.23 101.83 69.98 43.85Goodyear, USA 200 212.61 -3 1.9 2 220.29 204.10 221.34 218.72Seiko Epson, Japan 201 211.73 4 2.9 8 203.03 211.16 202.33 195.42LG Philips LCD, South Korea 202 210.58 -12 3.6 8 240.12 160.89 130.40 n/aTeliaSonera, Sweden 203 210.42 3 3.3 10 203.69 186.12 85.41 95.37Saint-Gobain, France 204 209.56 0 0.9 6 208.88 210.25 214.37 219.87Juniper Networks, USA 205 207.02 49 17.2 37 138.84 102.58 94.30 90.59Cephalon, USA 206 206.68 30 29.3 33 159.58 99.18 74.72 49.07Vodafone, <strong>UK</strong> 207 206.00 -6 0.6 27 219.00 171.00 164.00 110.00Sega Sammy, Japan 208 205.25 n/a 8.1 35 n/a n/a n/a n/aNvidia, USA 209 205.09 5 14.8 37 195.19 157.25 130.98 89.66Scania, Sweden 210 203.10 20 4.3 20 168.56 157.58 151.21 143.09General Dynamics, USA 211 200.37 5 1.6 1 191.64 164.26 147.37 118.24Tellabs, USA 211 200.37 37 18.3 37 145.80 166.65 195.25 247.82Japan Tobacco, Japan 213 200.08 -4 0.9 38 208.39 219.67 260.09 232.36DSM, <strong>The</strong> Netherlands 214 199.26 1 3.5 5 196.51 184.14 186.20 204.76Kla-Tencor, USA 215 198.20 21 16.3 37 163.47 156.27 167.41 207.23Whirlpool, USA 216 197.46 8 2.4 19 183.48 189.31 164.26 134.55Kao, Japan 217 196.24 3 4.2 32 190.03 186.12 185.28 182.84Intuit, USA 218 196.06 -3 16.5 35 202.13 149.01 130.95 120.62Lexmark, USA 219 195.95 8 6.4 37 182.14 154.77 144.40 143.41Dassault Aviation, France 220 195.52 1 8.3 1 194.36 n/a n/a n/aNational Semiconductor, USA 221 193.97 -6 17.4 37 205.50 253.73 256.87 253.73Applera, USA 222 192.65 -12 17.9 33 219.63 188.38 222.45 188.38Maxim Integrated Products, USA 223 191.15 7 19.6 37 178.43 158.62 160.50 163.23Hynix Semiconductor, South Korea 224 190.92 -16 5.6 37 228.00 201.69 233.38 n/aATI Technologies, Canada 225 190.48 21 14.7 37 157.22 124.05 95.88 87.06Xilinx, USA 226 189.96 6 18.9 37 179.08 144.23 129.39 119.26Textron, USA 227 189.89 6 3.2 16 178.82 148.53 120.57 213.19Synopsys, USA 228 186.39 11 32.3 35 167.74 168.04 132.30 110.57Kimberly-Clark, USA 229 186.10 14 2.0 32 162.92 163.44 168.34 172.01Marconi (now Telent), <strong>UK</strong> 230 186.00 -6 13.9 37 197.00 327.00 628.00 669.00NCR, USA 231 185.81 -2 5.3 37 190.47 176.49 173.00 170.67Millennium Pharmaceuticals, USA 232 185.64 20 57.1 33 155.17 184.53 196.59 58.07Chevron, USA 233 184.06 31 0.2 30 140.96 138.63 128.73 121.74JFE, Japan 234 183.55 2 1.3 21 180.28 163.43 n/a n/aMarvell Technology, Bermuda 235 182.24 18 18.7 37 154.78 125.99 87.64 n/aToray Industries, Japan 236 181.53 3 2.8 5 176.33 175.96 183.65 191.44Hella, Germany 237 181.46 54 8.6 2 117.97 115.36 103.34 92.41ALSTOM, France 238 180.02 -22 1.9 8 230.86 325.00 427.37 395.36PPG Industries, USA 239 179.99 2 3.0 5 176.49 168.92 159.02 164.84TDK, Japan 240 179.38 5 5.5 8 170.24 157.24 190.65 182.45Dassault Systemes, France 241 177.93 17 27.7 35 152.44 148.14 153.24 143.77Schwarz Pharma, Germany 242 177.91 31 26.1 33 136.27 98.96 85.36 73.51Emerson Electric, USA 243 176.49 -38 1.8 8 283.09 299.39 308.71 345.93Autodesk, USA 244 175.68 26 19.8 35 139.45 121.94 100.76 98.19Tokyo Electric Power, Japan 245 173.62 -5 0.7 7 182.45 199.10 236.78 281.68Thomson, France 246 172.46 -9 3.5 25 190.33 202.69 256.97 252.85Mitsui Chemicals, Japan 247 172.14 6 2.8 5 162.34 183.16 192.53 180.35Maxtor, USA(now part of Seagate Technology, Cayman Islands) 248 170.99 -9 7.5 37 188.26 206.23 233.58 253.92United Microelectronics, Taiwan 249 170.86 31 9.6 37 130.60 103.91 130.68 158.91Heidelberger Druckmaschinen, Germany 250 169.57 1 6.9 20 167.51 250.97 268.70 316.88Shire, <strong>UK</strong> 251 167.26 49 18.0 33 112.53 128.38 119.34 99.47Eaton, USA 252 167.17 10 2.6 16 152.03 129.89 118.24 132.81Nikon, Japan 253 165.63 11 5.3 37 148.87 135.75 134.79 112.49McKesson, USA 254 165.42 23 0.3 11 134.84 134.20 194.02 151.56Legrand, France 255 163.94 2 7.3 8 160.71 n/a n/a n/a172 <strong>The</strong> <strong>2006</strong> R&D Scoreboard<strong>The</strong> <strong>2006</strong> R&D Scoreboard 173
Ranking of the <strong>top</strong> <strong>1250</strong> global <strong>companies</strong> <strong>by</strong> R&D <strong>investment</strong>Ranking of the <strong>top</strong> <strong>1250</strong> global <strong>companies</strong> <strong>by</strong> R&D <strong>investment</strong>—–––––—— 2005/06 R&D <strong>investment</strong> —–––––—— ——––––––—– Previous R&D <strong>investment</strong> ——––––––—–change sales 2004/05 2003/04 2002/03 2001/02Company Rank £m 1 yr % % Industry £m £m £m £mStryker, USA 256 162.98 33 5.7 18 122.90 104.96 82.36 82.77Kyowa Hakko Kogyo, Japan 257 162.25 14 9.3 33 141.95 144.14 152.65 144.57Murata Manufacturing, Japan 258 162.10 -4 7.7 37 168.60 155.10 155.92 150.72Cummins, USA 259 161.93 15 2.8 20 140.38 116.50 113.58 118.83China Petroleum & Chemical, China 260 161.90 48 0.3 30 109.57 152.37 109.28 93.83Gilead Sciences, USA 261 161.77 24 13.7 33 130.21 96.04 78.49 108.08Vale Do Rio Doce, Brazil 262 161.35 47 2.2 26 109.74 62.10 36.91 25.19Atmel, USA 263 161.12 12 16.5 37 144.13 144.24 147.46 156.14Dana, USA 264 160.18 2 2.8 2 156.69 146.79 167.17 151.45Electrolux, Sweden 265 160.07 7 1.7 19 150.19 121.94 132.91 131.23Lundbeck, Denmark 266 159.72 35 19.1 33 118.42 168.63 134.85 132.03Samsung Electro-Mechanics, South Korea 267 159.63 23 12.4 8 129.69 n/a n/a n/aRohm, Japan 268 159.62 3 8.8 37 154.87 157.07 105.82 102.81Cerner, USA 269 159.59 19 23.6 35 134.26 104.85 87.36 66.33Rohm & Haas, USA 270 159.02 3 3.4 5 154.36 138.63 151.45 133.97Becton Dickinson, USA 271 158.22 15 5.0 18 137.26 136.92 175.65 123.39Carl Zeiss, Germany 272 158.03 10 10.4 18 143.60 130.55 127.80 100.32Liebherr, Switzerland 272 158.03 15 5.0 20 137.42 n/a n/a n/aShin-Etsu Chemical, Japan 274 157.94 15 2.8 5 137.81 129.94 134.63 139.21BMC Software, USA 275 156.86 -5 18.0 35 165.54 341.39 285.36 339.82Asahi Glass, Japan 276 156.47 -2 2.1 6 159.23 179.86 152.34 142.91Conexant Systems, USA 277 156.10 12 37.1 37 139.78 92.82 188.61 281.33Linde, Germany 278 155.97 21 2.4 5 129.17 122.99 118.18 115.66Goodrich, USA 279 155.46 7 4.9 1 144.92 130.01 101.64 86.91Hon Hai Precision Industry, Taiwan 280 154.90 24 1.0 8 125.37 85.06 67.96 40.20Ono Pharmaceutical, Japan 281 151.19 -1 21.1 33 152.48 150.10 139.91 113.75Toyota Industries, Japan 282 148.31 2 2.4 2 145.89 146.60 147.98 129.28Teijin, Japan 283 148.17 -9 3.3 5 162.02 147.46 157.25 149.41Behr, Germany 284 147.73 10 7.0 2 133.98 126.43 120.24 106.50UTStarcom, USA 285 147.45 13 8.6 37 130.68 92.88 50.20 34.84ICI, <strong>UK</strong> 286 147.00 0 2.5 5 147.00 156.00 148.00 153.00SK Telecom, South Korea 287 146.09 -7 2.4 27 157.51 135.86 111.98 75.31Shionogi, Japan 288 145.14 -1 14.8 33 147.11 154.39 151.03 144.38Novellus Systems, USA 289 144.06 -2 18.5 37 146.83 132.48 129.51 158.45Smiths, <strong>UK</strong> 290 143.60 5 4.8 1 136.80 129.70 116.50 109.50Colgate-Palmolive, USA 291 143.47 7 2.2 32 133.50 119.29 114.52 107.70Yokogawa Electric, Japan 292 143.11 7 7.5 8 133.21 124.53 94.94 94.66SunGard Data Systems, USA † 293 142.59 -4 6.3 35 147.95 120.98 101.49 100.43Accenture, Bermuda 294 141.80 -10 1.4 36 158.40 145.84 136.63 157.85Kirin Brewery, Japan 295 141.77 2 2.3 4 139.18 130.79 113.63 113.82Network Appliance, USA 296 141.54 42 11.8 37 99.63 76.80 65.74 67.99Rockwell Collins, USA 296 141.54 11 7.1 1 126.98 125.82 147.37 n/aZTE, China 298 141.44 -13 9.1 37 163.50 110.85 n/a n/aHalliburton, USA 299 140.38 -4 1.1 31 145.62 138.63 142.13 135.72Ajinomoto, Japan 300 140.32 1 2.7 12 139.03 130.91 133.25 129.60Comverse Technology, USA 301 140.29 7 25.1 37 130.60 143.28 184.25 144.27Western Digital, USA 302 138.92 19 6.6 37 117.08 78.46 69.97 71.36Agfa-Gevaert, Belgium 303 138.79 6 6.1 8 131.24 160.09 170.40 158.72ENI, Italy 303 138.79 -21 0.3 30 176.58 163.53 120.24 139.48Tanabe Seiyaku, Japan 305 137.14 13 16.2 33 121.43 115.71 103.11 97.26Benq, Taiwan 306 136.66 70 4.4 37 80.22 61.51 39.06 29.05Elan, Ireland 307 136.18 26 54.7 33 107.70 148.18 185.46 234.10Fuji Electric, Japan 308 134.36 -5 3.2 8 140.99 132.16 138.50 133.33Ciba Specialty Chemicals, Switzerland 309 133.03 5 4.1 5 127.29 124.19 129.94 121.98Gazprom, Russia 310 132.63 12 0.5 14 118.46 42.56 38.51 n/aOce, <strong>The</strong> Netherlands 311 132.41 -7 7.2 37 141.92 143.14 146.24 137.13Alcan, Canada 312 132.22 -5 1.1 21 139.21 81.55 66.99 78.64Cypress Semiconductor, USA 313 132.08 -13 25.6 37 152.39 146.45 167.70 155.83Dai Nippon Printing, Japan 314 130.22 1 1.9 25 128.56 118.92 115.32 121.72POSCO, South Korea 315 130.01 -19 0.9 21 159.71 147.34 116.46 147.75Teradyne, USA 316 129.90 -15 20.7 37 152.61 148.30 171.19 168.14Advantest, Japan 317 129.70 21 11.0 37 106.78 116.54 131.64 140.85Harman International Industries, USA 318 129.66 3 7.3 23 126.34 83.35 64.01 51.67Calsonic Kansei, Japan 319 128.29 2 3.7 2 126.14 110.49 102.23 95.82Take-Two Interactive Software, USA 319 128.29 50 18.3 23 85.77 14.62 6.71 3.61MediaTek, Taiwan 321 128.21 98 13.7 37 64.64 70.06 26.54 18.00—–––––—— 2005/06 R&D <strong>investment</strong> —–––––—— ——––––––—– Previous R&D <strong>investment</strong> ——––––––—–change sales 2004/05 2003/04 2002/03 2001/02Company Rank £m 1 yr % % Industry £m £m £m £mNidec, Japan 322 127.91 196 5.3 37 43.19 33.68 28.26 35.04ThyssenKrupp, Germany 323 127.80 -3 0.4 21 131.24 125.74 131.24 123.68Amadeus <strong>Global</strong> Travel, Spain † 324 125.18 19 7.6 39 105.27 99.64 86.30 89.06Brother Industries, Japan 325 124.60 15 4.4 8 108.53 105.60 103.87 89.29Mentor Graphics, USA 326 123.88 5 30.2 35 117.83 107.64 95.66 80.27Telecom Italia, Italy 327 123.68 29 0.6 10 95.51 95.51 n/a n/aJM Voith, Germany 328 122.99 20 5.0 16 102.38 92.76 95.51 94.82Altera, USA 329 122.18 16 18.7 37 105.15 104.00 106.46 99.53Human Genome Sciences, USA 330 122.09 -3 >999.9 33 125.65 106.78 117.56 77.74Royal & Sun Alliance, <strong>UK</strong> 331 122.00 4 1.9 29 117.00 n/a n/a n/aGillette, USA(now part of Procter & Gamble) 332 121.74 3 2.0 32 117.66 107.76 108.92 104.26Beckman Coulter, USA 333 121.68 4 8.5 18 116.50 113.18 107.12 110.44Daikin Industries, Japan 334 121.32 3 3.4 8 117.54 117.98 115.55 118.64Reuters, <strong>UK</strong> 335 121.00 -5 5.0 25 128.00 171.00 200.00 294.00Toyoda Gosei, Japan 336 120.92 8 5.6 2 112.03 n/a n/a 86.98Navistar International, USA 337 120.57 -4 2.2 20 125.82 126.98 124.07 131.64Deutsche Post, Germany 338 120.24 -40 0.4 22 199.26 107.19 166.96 96.19Pirelli, Italy 339 119.56 -12 2.7 2 136.05 140.17 150.47 162.84TRW Automotive, USA 340 118.24 17 1.6 2 101.35 95.76 n/a n/aNovell, USA 341 116.86 1 16.8 35 115.69 107.04 98.58 111.67Sandvik, Sweden 342 116.59 -5 2.5 20 122.30 122.67 111.03 96.54Tesco, <strong>UK</strong> 343 115.00 35 0.3 11 85.00 n/a n/a n/aTaisho Pharmaceutical, Japan 344 114.60 -4 8.3 33 119.29 145.72 158.97 164.84Storage Technology, USA(now part of Sun Microsystems) 345 114.58 -4 8.8 37 119.04 125.24 142.44 150.16Harley-Davidson, USA 346 113.88 5 3.5 2 108.17 97.16 89.24 47.01Freudenberg, Germany 347 113.71 12 3.4 16 101.97 96.06 68.57 n/aKansai Electric Power, Japan 348 113.61 -1 0.9 7 114.63 134.61 150.52 144.97SanDisk, USA 349 113.47 56 8.4 37 72.81 49.05 36.80 34.33Sekisui Chemical, Japan 350 113.38 -3 2.7 19 116.97 115.50 111.63 122.54Yamaha, Japan 351 113.28 2 4.3 23 111.06 110.75 111.23 104.42Lam Research, USA 352 113.07 14 12.9 37 99.30 93.48 104.39 132.37AlCoA, USA 353 113.00 7 0.7 21 106.01 113.00 124.65 118.24Kubota, Japan 354 112.18 3 2.2 16 108.39 114.80 130.31 148.97Dover, USA 355 111.95 2 3.2 16 109.68 92.44 98.15 102.23Lenovo, Hong Kong 356 111.94 293 1.4 37 28.48 37.53 23.60 8.92Invensys, <strong>UK</strong> 357 110.00 -11 4.1 8 124.00 165.00 222.00 265.00Diehl Stiftung, Germany 358 109.94 -1 9.7 16 111.31 115.02 110.62 122.30Toppan Printing, Japan 359 109.84 4 1.6 25 105.13 99.95 94.48 93.03LG Chem, South Korea 360 109.69 11 2.6 5 99.04 45.12 n/a n/aBaker Hughes, USA 361 109.62 7 2.6 31 102.92 100.94 96.40 75.49Namco, Japan (now part of Namco Bandai) 362 108.11 11 12.3 23 97.67 71.96 77.26 52.82Asustek Computer, Taiwan 363 107.98 83 1.7 37 59.02 40.91 32.71 25.18Scientific-Atlanta, USA(now part of Cisco Systems) 364 107.84 11 9.7 25 97.10 91.28 89.41 89.90Rheinmetall, Germany 365 107.19 3 4.5 2 104.44 129.86 142.92 135.36BEA Systems, USA 366 106.16 24 15.2 35 85.37 82.07 77.34 70.41Pierre Fabre, France 367 106.02 6 10.5 33 99.70 93.10 89.94 94.90Mattel, USA 368 106.01 6 3.5 23 99.60 97.49 92.90 102.30Kellogg, USA 369 105.43 22 1.8 12 86.73 73.80 61.98 64.19International Flavors & Fragrances, USA 370 104.74 3 9.0 32 102.04 92.78 83.89 78.78IHI, Japan 371 104.66 -6 1.9 20 110.83 108.85 123.81 111.75Winbond Electronic, Taiwan 372 103.65 23 20.4 37 84.39 85.93 104.34 139.90ITT Industries, USA 373 103.45 14 2.4 16 90.85 70.71 66.52 58.38McAfee, USA 374 102.72 2 17.9 35 100.60 107.53 86.67 85.45Fresenius, Germany 375 102.38 12 1.9 18 91.38 83.14 94.82 84.51Zimmer, USA 376 102.23 5 5.3 18 97.10 61.63 47.01 n/aReed Elsevier, <strong>UK</strong> 377 102.00 -7 2.0 25 110.00 n/a n/a n/aArvinMeritor, USA 378 101.93 12 1.8 2 90.87 97.27 76.89 79.22Bombardier, Canada 378 101.93 38 1.2 1 73.80 93.75 141.92 116.44Lear, USA 380 101.35 -12 1.0 2 115.10 99.66 102.52 115.68Nintendo, Japan 381 101.24 30 4.0 35 78.10 72.05 83.90 83.90Wacker-Chemie, Germany 382 100.93 -3 5.3 5 104.10 104.23 108.36 104.51General Mills, USA 383 100.77 3 1.5 12 97.86 92.03 86.79 76.31Sybase, USA 384 100.72 11 21.1 35 91.08 84.37 87.67 93.89174 <strong>The</strong> <strong>2006</strong> R&D Scoreboard<strong>The</strong> <strong>2006</strong> R&D Scoreboard 175
Ranking of the <strong>top</strong> <strong>1250</strong> global <strong>companies</strong> <strong>by</strong> R&D <strong>investment</strong>Ranking of the <strong>top</strong> <strong>1250</strong> global <strong>companies</strong> <strong>by</strong> R&D <strong>investment</strong>—–––––—— 2005/06 R&D <strong>investment</strong> —–––––—— ——––––––—– Previous R&D <strong>investment</strong> ——––––––—–change sales 2004/05 2003/04 2002/03 2001/02Company Rank £m 1 yr % % Industry £m £m £m £mProtein Design Labs(now PDL Biopharma), USA 385 100.21 40 61.5 33 71.39 48.19 33.77 30.39Pitney Bowes, USA 386 100.07 6 3.1 37 94.27 85.78 82.29 77.53Ipsen, France 387 99.23 17 18.3 33 84.52 93.61 89.95 79.02RF Micro Devices, USA 388 98.36 8 21.9 37 91.14 74.65 59.26 43.36Givaudan, Switzerland 389 97.23 6 7.9 32 91.93 95.91 91.05 88.39Kobe Steel, Japan 390 97.22 16 1.4 21 83.55 87.83 108.84 111.94L'Air Liquide, France 391 96.95 -5 1.4 5 102.24 64.79 63.28 61.91Banca Intesa, Italy 392 96.88 n/a 1.5 3 n/a n/a n/a n/aOKI Electric, Japan 393 96.80 -11 2.9 37 108.51 79.54 75.10 111.39Clariant, Switzerland 394 96.35 -20 2.7 5 121.10 136.13 155.57 180.77Bandai, Japan (now part of Namco Bandai) 395 96.28 6 7.2 23 90.98 73.44 70.62 68.14Tatung, Taiwan 396 95.94 267 2.6 8 26.18 25.09 60.04 53.40Tektronix, USA 397 95.22 25 15.8 37 75.95 58.91 70.65 89.19Arcelor, Luxembourg 398 94.82 2 0.4 21 92.76 97.57 107.87 90.70Koito Manufacturing, Japan 399 94.76 n/a 5.3 2 n/a 87.35 94.63 83.86Business Objects, France 400 94.68 8 15.1 35 87.70 55.57 43.68 32.18Bausch & Lomb, USA 401 94.65 8 7.3 18 87.31 74.79 71.06 70.77Ingersoll-Rand, Bermuda 402 94.60 9 1.5 20 86.91 118.77 116.90 125.47Eastman Chemical, USA 403 94.36 -4 2.3 5 97.86 109.51 103.10 93.20Quanta Computer, Taiwan 404 94.19 81 1.1 8 52.10 44.98 33.58 23.81Bouygues, France 405 94.13 1 0.6 6 93.45 58.40 219.18 131.92BorgWarner, USA 406 93.78 31 3.8 2 71.70 68.85 63.55 60.87Japan Radio, Japan 407 92.61 -6 8.2 8 98.70 99.98 111.80 110.09Compuware, USA 408 92.51 -8 13.2 35 100.59 101.90 90.09 67.35Atlas Copco, Sweden 409 92.29 -1 2.4 20 93.32 85.27 88.71 81.02Rhodia, France 410 92.07 -22 2.5 5 117.49 139.48 138.11 135.36Research In Motion, Canada 411 91.82 56 7.6 37 58.94 36.49 32.57 21.81Statoil, Norway 412 91.70 4 0.3 30 88.35 86.37 63.32 54.45Knorr-Bremse, Germany 413 91.11 7 4.8 20 85.20 82.45 81.76 72.83Casio Computer, Japan 414 89.84 10 3.1 23 82.00 70.02 69.66 69.51BioMerieux, France 415 89.80 3 13.2 18 87.12 90.08 81.28 65.96Misys, <strong>UK</strong> 416 89.70 -1 9.1 35 90.70 88.40 90.40 84.50<strong>The</strong>rmo Electron, USA 417 88.99 13 5.8 18 78.45 85.27 90.36 99.96Skyworks Solutions, USA 418 88.66 0 19.2 37 88.91 88.40 77.24 64.69Merial, <strong>UK</strong> 419 88.30 7 7.7 33 82.54 77.88 76.25 75.02GKN, <strong>UK</strong> 420 88.00 -1 2.4 2 89.00 81.00 82.00 98.00Hasbro, USA 421 87.71 -4 4.9 23 91.54 83.40 89.57 73.18RWE, Germany 422 87.26 -1 0.3 14 87.95 299.57 298.89 446.61Celgene, USA 423 87.08 6 27.8 33 82.04 62.63 44.74 23.01Danisco, Denmark 424 86.87 69 4.5 12 51.31 46.61 47.53 42.74AU Optronics, Taiwan 425 86.59 -3 2.2 8 88.88 60.06 39.61 32.92Dainippon Pharmaceutical(now Dainippon Sumitomo Pharmaceutical), Japan 426 86.09 10 10.0 33 78.61 75.10 64.77 62.01Hilti, Liechtenstein 427 86.05 6 5.4 6 80.88 60.68 59.49 59.71Danone, France 428 85.89 -5 0.9 12 90.01 89.32 91.38 86.57Showa Denko, Japan 429 85.79 -1 2.1 5 86.74 83.81 76.21 76.23Kerry, Ireland 430 85.71 12 2.8 12 76.21 60.72 53.93 40.31Furukawa Electric, Japan 431 84.85 -10 2.2 20 94.09 122.86 114.24 91.06Brunswick, USA 432 84.29 10 2.4 23 76.36 68.85 59.88 55.86Sepracor, USA 433 84.17 -10 17.6 33 93.18 128.28 142.01 134.72Amdocs, <strong>UK</strong> 434 84.14 14 7.1 35 73.63 69.46 72.28 61.63Kaneka, Japan 435 83.22 7 3.6 5 77.70 71.35 68.96 68.39Meiji Seika Kaisha, Japan 436 83.17 1 4.6 12 82.36 87.54 92.97 86.86Nitto Denko, Japan 437 82.61 6 3.3 17 78.08 68.36 64.42 61.31Dade Behring, USA 438 82.42 6 8.5 33 78.05 68.44 50.72 48.75Exelixis, USA 439 82.21 2 185.8 33 80.22 74.34 65.25 48.17Sage, <strong>UK</strong> 440 81.61 10 10.5 35 74.39 57.98 57.83 50.07Pantech & Curitel, South Korea 441 81.34 19 8.3 27 68.43 n/a n/a n/aShiseido, Japan 442 81.19 -2 2.5 32 82.72 86.83 85.38 83.90Hospira, USA 443 80.87 16 5.6 33 69.66 n/a n/a n/aRockwell Automation, USA 444 80.73 14 2.8 8 70.89 75.72 76.31 98.44International Game Technology, USA 445 80.62 7 5.8 39 75.30 55.30 46.75 36.42ARM, <strong>UK</strong> 446 80.27 47 34.5 37 54.67 48.13 50.00 38.92Sumitomo Rubber Industries, Japan 447 80.24 3 3.2 2 77.63 69.38 67.10 69.23Harris, USA 448 79.97 23 4.6 37 64.83 58.02 60.52 66.29—–––––—— 2005/06 R&D <strong>investment</strong> —–––––—— ——––––––—– Previous R&D <strong>investment</strong> ——––––––—–change sales 2004/05 2003/04 2002/03 2001/02Company Rank £m 1 yr % % Industry £m £m £m £mCiena, USA 449 79.94 -33 32.1 37 119.62 123.79 148.70 137.37Nissan Diesel Motor, Japan 450 79.78 5 3.5 20 75.97 67.22 62.58 61.79Ivax, USA(now part of Teva Pharmaceutical Industries, Israel) 451 79.33 -4 6.0 33 82.48 63.11 44.29 51.27Palm, USA 452 79.19 51 8.6 37 52.31 40.41 64.43 82.14Medarex, USA 453 79.13 11 264.0 33 71.07 55.60 48.13 22.50JSR, Japan 454 79.11 6 5.2 5 74.48 69.19 65.47 25.62Chubu Electric Power, Japan 455 79.07 -9 0.8 7 86.84 90.75 98.82 106.12Vattenfall, Sweden 456 78.83 33 0.8 7 59.36 34.99 35.57 45.09Dainippon Ink & Chemicals, Japan 457 78.55 6 1.6 5 73.93 63.68 63.24 59.31Essilor International, France 458 77.98 6 4.7 18 73.66 71.46 59.78 54.97Black & Decker, USA 459 77.94 13 2.1 19 69.08 58.48 56.44 57.61Lubrizol, USA 459 77.94 24 3.3 5 63.08 54.70 54.46 51.03Molex, USA 461 77.82 12 5.2 8 69.33 68.14 65.10 78.40Air Products and Chemicals, USA 462 77.30 5 1.6 5 73.80 70.54 70.25 71.35Federal-Mogul, USA 462 77.30 -3 2.1 2 79.86 71.70 64.42 67.04Umicore, Belgium 464 76.96 26 1.6 21 61.15 28.86 20.52 n/aEast Japan Railway, Japan 465 76.89 -2 0.6 22 78.15 75.56 66.86 65.97Activision, USA 466 76.76 52 9.0 23 50.41 57.00 33.18 23.86Linear Technology, USA 467 76.56 26 12.5 37 60.94 53.24 46.51 59.70Nanya Technology, Taiwan 468 76.43 0 8.6 37 76.43 61.72 39.27 14.15Brocade Communications, USA 469 76.27 -12 22.8 37 87.08 84.51 77.01 64.51Chi Mei Optoelectronic, Taiwan 470 76.25 56 2.7 8 48.91 36.18 26.73 n/aDST Systems, USA 471 76.19 -44 5.2 35 135.08 107.00 85.39 116.85Parker Hannifin, USA 472 76.06 38 1.6 20 55.14 54.26 63.54 66.99Hyundai Heavy Industries, South Korea 473 76.04 13 0.9 22 67.23 57.99 52.26 46.17Actelion, Switzerland 474 75.78 26 25.8 33 60.24 34.99 26.43 34.33Tchibo, Germany 475 74.89 8 1.2 11 69.40 n/a n/a n/aBarr Pharmaceuticals, USA 476 74.78 -24 12.3 33 98.44 53.13 44.09 31.01Fanuc, Japan 477 74.70 6 4.6 8 70.55 63.26 56.07 60.46Illinois Tool Works, USA 478 74.48 4 1.0 20 71.93 62.20 59.03 59.58Dragerwerk, Germany 479 74.45 4 6.6 18 71.35 66.51 53.25 49.88Integrated Device Technology, USA 480 74.32 23 24.2 37 60.42 57.40 75.20 75.23NTN, Japan 481 73.80 10 3.9 20 66.84 60.48 57.77 52.40SEI Investments, USA 481 73.80 33 16.4 15 55.34 32.97 33.13 35.84SMC, Japan 483 73.78 3 5.3 16 71.54 64.99 63.58 70.10<strong>The</strong>ravance, USA 484 73.54 53 >999.9 33 48.16 36.70 40.70 n/aTrumpf, Germany 485 73.52 9 7.7 16 67.27 60.95 36.93 36.41OSI Pharmaceuticals, USA 486 73.37 14 72.3 33 64.31 54.22 52.56 22.73KT, South Korea 487 73.36 24 0.7 10 59.21 164.81 158.13 218.04Pou Chen, Taiwan 487 73.36 250 2.7 37 20.95 20.95 6.21 0.00Onex, Canada 489 73.30 220 0.8 16 22.94 17.95 57.35 24.93Tekelec, USA 490 73.20 28 23.4 37 57.20 42.71 34.80 41.85Kudelski, Switzerland 491 73.17 17 24.1 8 62.53 9.27 7.82 7.75Novozymes, Denmark 492 73.05 -2 12.6 33 74.52 69.00 65.68 62.46Watson Pharmaceuticals, USA 493 72.96 -2 7.6 33 74.69 57.83 47.54 37.00ConocoPhillips, USA 494 72.81 -1 0.1 30 73.39 79.22 63.49 25.63Sumitomo Metal Industries, Japan 495 72.71 8 1.2 21 67.07 66.90 92.03 103.54Burelle, France 496 72.47 152 4.6 2 28.71 28.18 25.84 19.65Kos Pharmaceuticals, USA 497 71.78 11 16.4 33 64.69 30.41 25.62 18.04Time Warner, USA 498 71.65 -8 0.3 25 78.05 80.97 79.22 61.16Sanpaolo IMI, Italy 499 71.46 n/a 1.4 3 n/a n/a n/a n/aApplied Micro Circuits, USA 500 71.10 -5 48.1 37 74.58 118.10 90.07 61.29AGCO, USA 501 70.89 17 2.2 20 60.40 41.59 33.32 28.89NGK Spark Plug, Japan 502 70.87 3 6.0 2 68.51 67.07 65.97 61.15UBIsoft Entertainment, France 503 70.83 28 19.2 35 55.13 50.33 4.05 53.87Pliva, Croatia 504 70.40 -7 10.4 33 75.34 62.92 50.97 39.48Yokohama Rubber, Japan 504 70.40 3 3.4 2 68.19 61.79 60.69 58.37Lanxess, Germany 506 69.40 n/a 1.4 5 n/a n/a n/a n/aASM International, <strong>The</strong> Netherlands 507 69.17 19 13.9 37 58.32 54.32 60.69 54.74PMC-Sierra, USA 508 69.15 -1 40.7 37 70.18 69.59 80.23 117.13Abgenix, USA (now part of Amgen) 509 69.12 11 646.9 33 62.32 48.20 63.61 36.21Parametric Technology, USA 510 68.89 10 16.4 35 62.90 77.19 79.26 86.76Intersil, USA 511 68.88 5 19.7 37 65.45 53.16 76.33 61.79JS, Japan 512 68.74 -4 1.4 6 71.35 66.78 46.14 31.55Paccar, USA 513 68.62 14 0.9 20 60.11 47.24 32.62 43.10176 <strong>The</strong> <strong>2006</strong> R&D Scoreboard<strong>The</strong> <strong>2006</strong> R&D Scoreboard 177
Ranking of the <strong>top</strong> <strong>1250</strong> global <strong>companies</strong> <strong>by</strong> R&D <strong>investment</strong>Ranking of the <strong>top</strong> <strong>1250</strong> global <strong>companies</strong> <strong>by</strong> R&D <strong>investment</strong>—–––––—— 2005/06 R&D <strong>investment</strong> —–––––—— ——––––––—– Previous R&D <strong>investment</strong> ——––––––—–change sales 2004/05 2003/04 2002/03 2001/02Company Rank £m 1 yr % % Industry £m £m £m £mKuraray, Japan 514 68.47 1 3.9 5 67.53 61.80 59.87 60.46Cardinal Health, USA 515 68.27 107 0.2 11 32.91 33.14 37.92 31.34Delta Electronics, Taiwan 516 68.19 19 4.8 8 57.14 55.68 49.02 41.25Barclays, <strong>UK</strong> 517 68.00 45 0.4 3 47.00 n/a n/a n/aTerumo, Japan 518 67.80 -7 6.0 18 72.55 56.21 50.78 43.91Micronas Semiconductor, Switzerland 519 67.49 19 18.1 37 56.63 43.33 38.47 36.01Bio-Rad Laboratories, USA 520 67.05 6 9.7 18 63.11 54.91 48.31 44.59Smith & Nephew, <strong>UK</strong> 521 67.00 1 4.8 18 66.40 66.80 63.30 51.30Synthes, Switzerland 522 66.89 5 5.5 18 63.78 37.49 32.62 31.25B Braun Melsungen, Germany 523 66.87 3 3.2 18 64.68 72.42 70.53 52.64CR Bard, USA 524 66.75 3 6.5 18 65.01 50.91 35.94 31.10American Standard Companies, USA 525 66.40 -19 1.1 6 81.55 74.56 102.46 77.47Valeant Pharmaceuticals, USA 526 66.26 23 13.7 33 53.88 26.38 28.85 17.75Certegy(now Fidelity National Information), USA 527 66.11 53 9.7 36 43.23 22.34 n/a n/aBAT, <strong>UK</strong> 528 66.00 -1 0.7 38 67.00 73.00 62.00 59.00Corus, <strong>UK</strong> 528 66.00 5 0.7 21 63.00 62.00 65.00 60.00Swatch, Switzerland 530 65.85 -6 3.5 19 69.83 72.48 62.76 n/aMcData, USA 531 65.84 24 18.4 37 53.29 51.74 34.56 28.64Unaxis, Switzerland 532 65.41 -18 9.2 16 79.55 68.06 69.39 91.93Expedia, USA 533 65.40 32 5.3 39 49.52 34.80 n/a n/aLite-On Technology, Taiwan 534 65.33 27 1.6 37 51.61 41.64 20.48 9.56Kawasaki Heavy Industries, Japan 535 65.06 -11 1.1 20 72.75 76.47 81.67 86.60SNPE, France 536 65.00 -17 12.1 5 78.33 79.02 73.52 n/aFastWeb, Italy 537 64.87 n/a 9.8 10 n/a 26.38 38.84 22.42Avid Technology, USA 538 64.85 17 14.4 37 55.30 49.83 47.97 50.18Glory, Japan 539 64.39 10 6.9 20 58.54 49.90 56.64 54.09Rieter, Switzerland 540 63.95 7 4.6 20 59.84 56.93 56.97 63.42Electronics For Imaging, USA 541 63.80 -1 23.4 37 64.73 56.32 52.41 57.15CV <strong>The</strong>rapeutics, USA 542 63.78 5 577.8 33 60.53 40.48 49.91 43.36Ranbaxy Laboratories, India 543 63.74 21 9.2 33 52.53 31.35 21.82 8.48Midway Games, USA 544 63.34 46 72.5 23 43.27 13.29 14.57 43.92Citrix Systems, USA 545 63.31 26 12.0 35 50.30 37.54 40.15 39.43Cognis Deutschland, Germany 546 63.21 39 2.9 5 45.35 44.66 52.22 50.16Pantech, South Korea 547 63.18 73 16.7 27 36.43 n/a n/a n/aVertex Pharmaceuticals, USA 548 63.05 1 67.3 33 62.19 81.25 65.72 45.97Engelhard, USA(now part of BASF, Germany) 549 63.02 8 2.4 5 58.19 54.23 51.38 49.10Reckitt Benckiser, <strong>UK</strong> 550 63.00 5 1.5 19 60.00 57.00 54.00 50.00Andrew, USA 551 62.82 -2 5.5 37 64.22 49.02 33.77 27.84Spirent (now Spirent Communications), <strong>UK</strong> 552 62.80 -7 13.5 37 67.30 66.00 77.70 95.90Chunghwa Picture Tubes, Taiwan 553 62.73 11 3.4 8 56.45 53.60 38.03 33.52Kyorin Pharmaceutical (now Kyorin), Japan 554 62.67 54 19.2 33 40.56 n/a n/a n/aQuantum, USA 555 62.56 11 12.9 37 56.31 60.27 65.20 73.76Weatherford International, USA 556 62.54 28 2.5 31 48.67 48.30 46.36 27.09Dainippon Screen Mfg, Japan 557 62.32 13 4.7 16 54.95 53.15 49.48 49.15Santen Pharmaceutical, Japan 558 62.28 6 13.6 33 58.50 62.77 60.15 51.87CSL, Australia 559 62.27 44 5.3 33 43.24 39.11 39.86 34.70SKF, Sweden 560 62.14 7 1.7 20 58.26 54.89 56.14 63.75SAAB, Sweden 561 61.77 5 4.4 1 59.07 59.14 59.80 52.55Cognos, Canada 562 61.71 16 12.8 35 53.12 45.49 43.46 39.18UBE Industries, Japan 563 61.63 9 2.1 5 56.74 59.46 56.02 63.78Tata Motors, India 564 61.62 29 2.0 2 47.83 19.66 18.51 122.95Norsk Hydro, Norway 565 61.59 -6 0.4 30 65.38 73.12 70.11 68.48Symbol Technologies, USA 566 61.34 -16 6.0 8 72.87 63.37 42.43 35.84International Rectifier, USA 567 61.09 14 8.9 37 53.68 45.96 40.64 40.57Telenor, Norway 568 60.99 68 1.0 27 36.39 39.66 45.68 78.80NPS Pharmaceuticals, USA 569 60.94 -19 815.8 33 75.06 63.06 45.85 28.94Hyperion Solutions, USA 570 60.64 8 14.8 35 56.06 42.97 42.41 47.53Metso, Finland 571 60.47 -15 2.1 20 70.77 86.57 100.32 94.13Stora Enso, Finland 572 60.46 7 0.7 13 56.41 61.01 78.74 63.42Regeneron Pharmaceuticals, USA 573 60.07 n/m 155.8 33 0.00 51.64 66.40 46.29Newell Rubbermaid, USA 574 60.00 -3 1.6 19 61.80 72.58 51.03 39.14SSA <strong>Global</strong> Technologies, USA(now part of Infor <strong>Global</strong> Solutions) 575 59.88 8 14.4 35 55.45 24.41 n/a n/a—–––––—— 2005/06 R&D <strong>investment</strong> —–––––—— ——––––––—– Previous R&D <strong>investment</strong> ——––––––—–change sales 2004/05 2003/04 2002/03 2001/02Company Rank £m 1 yr % % Industry £m £m £m £mFujikura, Japan 576 59.85 10 3.4 8 54.34 56.04 58.73 53.54Funai Electric, Japan 577 59.66 4 3.2 8 57.61 45.46 12.18 9.29Danfoss, Denmark 578 59.51 14 3.9 20 52.23 53.34 44.40 38.78Mylan Laboratories, USA 579 59.45 16 8.1 33 51.19 58.72 50.53 34.28Vestas Wind Systems, Denmark 580 59.30 48 2.4 8 40.06 19.10 13.81 n/aVitesse Semiconductor, USA 581 59.09 -7 53.2 37 63.22 64.16 99.17 79.92Indra Sistemas, Spain 582 59.02 9 7.1 35 53.91 49.97 49.50 47.59National Instruments, USA 583 58.97 13 17.7 8 52.36 46.96 37.26 35.38Silicon Laboratories, USA 584 58.96 35 23.8 37 43.64 28.13 18.64 16.88Infogrames Entertainment, France 585 58.88 -22 14.2 35 75.92 63.49 76.75 69.67Johnson Matthey, <strong>UK</strong> 586 58.80 9 1.2 5 53.90 54.50 48.40 44.60Rabobank, <strong>The</strong> Netherlands 587 58.40 27 0.9 3 46.04 n/a n/a n/aSuez, France 588 58.27 0 0.2 14 58.40 54.28 86.57 171.77Toto, Japan 589 58.17 4 2.4 6 56.09 55.76 60.50 63.02Cadbury Schweppes, <strong>UK</strong> 590 58.00 -8 0.8 12 63.00 53.00 32.00 29.00Invitrogen, USA 591 57.84 36 8.3 33 42.59 31.80 19.63 22.22Edwards Lifesciences, USA 592 57.67 14 9.9 18 50.68 42.40 37.98 32.04Macromedia, USA(now part of Adobe Systems) 593 57.32 8 22.6 35 53.13 57.37 64.14 62.72Neurocrine Biosciences, USA 594 56.76 11 78.7 33 50.97 46.93 56.25 33.43Krones, Germany 595 56.75 n/a 4.9 20 n/a n/a n/a n/aOji Paper, Japan 595 56.75 -4 1.0 13 59.22 63.17 n/a n/aNippon Oil, Japan 597 56.46 18 0.2 30 47.80 49.53 51.57 50.43Osaka Gas, Japan 598 56.28 -8 1.2 14 61.09 67.74 74.26 81.35Reynolds and Reynolds, USA 599 55.92 3 9.9 35 54.17 51.42 51.47 53.23Incyte, USA 600 55.70 8 >999.9 33 51.42 67.71 88.75 124.26Huntsman, USA 601 55.63 15 0.7 5 48.35 38.21 13.86 n/aLattice Semiconductor, USA 602 55.58 5 45.2 37 52.98 50.73 49.96 41.75Verisign, USA 603 55.53 42 5.7 35 39.23 32.51 28.17 45.51ECI Telecom, Israel 604 55.51 25 15.1 37 44.28 48.63 61.76 83.22Daicel Chemical Industries, Japan 605 55.37 1 3.7 5 54.71 57.97 56.68 58.44Campbell Soup, USA 606 55.34 2 1.3 12 54.17 51.26 44.85 36.70Openwave Systems, USA 607 55.33 2 24.8 35 54.32 67.05 83.87 158.16Microchip Technology, USA 608 55.29 2 10.2 37 54.19 49.74 51.24 47.563Com, USA 609 55.09 -1 14.5 37 55.45 65.85 166.35 312.05USEC, USA 610 55.04 62 6.1 21 34.08 26.10 18.64 7.34British Nuclear Fuels(now British Nuclear Group Sellafield), <strong>UK</strong> 611 55.00 -7 2.3 7 59.00 67.00 54.00 55.00FMC, USA 612 54.99 1 4.4 5 54.40 50.91 47.76 58.13Georg Fischer, Switzerland 613 54.80 9 3.4 20 50.39 49.50 53.92 60.11Yue Yuen Industrial, Hong Kong 614 54.79 5 3.0 32 52.02 49.04 35.19 32.17Orion, Finland 615 54.62 13 4.2 11 48.44 59.02 75.24 57.65JDS Uniphase, USA 616 54.58 -6 13.2 37 57.96 89.53 148.42 189.83ON Semiconductor, USA 616 54.58 -1 7.4 37 54.99 49.80 39.55 47.12Sumitomo Bakelite, Japan 618 54.50 9 4.9 5 50.04 50.51 48.24 40.11Symbian, <strong>UK</strong> 619 54.48 19 47.5 35 45.60 38.36 33.10 31.94Grundfos, Denmark 620 54.32 3 4.4 20 52.62 42.70 41.83 42.21EMBRAER, Brazil 621 54.27 109 2.4 1 25.92 100.90 92.32 58.00Gambro, Sweden (now part of Investor) 622 54.24 21 2.9 18 44.87 46.84 39.08 30.96KDDI, Japan 623 54.10 -18 0.4 10 65.84 51.62 44.19 25.28Hoya, Japan 624 54.07 11 3.6 8 48.60 33.77 27.20 35.83Silicon Graphics, USA 625 54.00 -15 12.7 37 63.35 99.57 105.95 137.61Credence Systems, USA 626 53.90 15 21.6 37 46.91 42.82 49.72 50.35Cell Genesys, USA 627 53.82 0 >999.9 33 53.67 49.68 43.77 29.56Wincor Nixdorf, Germany 628 53.60 7 4.5 35 50.10 45.44 43.21 36.01Proton Holdings Berhad, Malaysia 629 53.51 -36 4.1 2 83.67 63.64 n/a n/aPolycom, USA 630 53.29 -1 15.8 37 53.63 42.31 44.74 34.61Celanese, USA 631 53.01 -14 1.5 5 61.38 54.28 50.85 65.27Lyondell Chemical, USA 631 53.01 122 0.5 5 23.88 21.55 17.47 18.64Maytag, USA (now part of Whirlpool) 633 53.00 -7 1.9 19 57.20 62.29 64.40 49.42Sanken Electric, Japan 634 52.97 10 6.9 37 48.17 44.26 41.76 42.05Mitsubishi Gas Chemical, Japan 635 52.93 2 2.8 5 51.90 56.96 58.78 61.56American Power Conversion, USA 636 52.73 6 4.6 37 49.87 39.40 34.98 31.83Alexion Pharmaceuticals, USA 637 52.61 64 >999.9 33 32.17 40.87 31.15 15.77NGK Insulators, Japan 638 52.58 -15 4.0 16 62.21 64.18 76.81 84.36178 <strong>The</strong> <strong>2006</strong> R&D Scoreboard<strong>The</strong> <strong>2006</strong> R&D Scoreboard 179
Ranking of the <strong>top</strong> <strong>1250</strong> global <strong>companies</strong> <strong>by</strong> R&D <strong>investment</strong>Ranking of the <strong>top</strong> <strong>1250</strong> global <strong>companies</strong> <strong>by</strong> R&D <strong>investment</strong>—–––––—— 2005/06 R&D <strong>investment</strong> —–––––—— ——––––––—– Previous R&D <strong>investment</strong> ——––––––—–change sales 2004/05 2003/04 2002/03 2001/02Company Rank £m 1 yr % % Industry £m £m £m £mQlogic, USA 639 52.28 -6 15.2 37 55.84 51.12 47.33 40.59Compal Electronics, Taiwan 640 52.25 12 1.3 8 46.67 27.50 18.34 14.57Anritsu, Japan 641 51.89 6 12.5 37 48.79 65.25 75.12 75.93Zoran, USA 642 51.86 12 22.5 37 46.12 23.53 12.86 13.52Mitsubishi Materials, Japan 643 51.57 -7 1.1 21 55.43 57.29 76.02 76.18Macronix International, Taiwan 644 51.56 15 15.7 37 44.69 48.00 67.47 67.77Endo Pharmaceuticals, USA 645 51.44 75 10.8 33 29.44 29.72 33.10 22.71Mitsubishi Rayon, Japan 646 51.28 -6 3.1 5 54.61 53.19 53.28 53.14Clorox, USA 647 51.26 5 2.0 16 48.93 44.27 39.03 39.03Federated Department Stores, USA 647 51.26 9 0.4 17 47.18 34.95 34.37 20.97Standard Chartered, <strong>UK</strong> 647 51.26 6 1.3 3 48.35 n/a n/a n/aLogitech International, Switzerland 650 51.23 19 4.9 37 43.05 35.70 32.73 29.43Quest Software, USA 651 51.19 12 18.4 35 45.61 39.29 34.62 34.69Tohoku Electric Power, Japan 652 51.04 8 0.6 7 47.07 52.83 56.82 60.10Endress & Hauser, Switzerland 653 51.00 6 8.4 8 48.22 41.87 n/a n/aAMIS, USA 654 50.91 13 17.4 37 44.99 40.92 30.37 24.53PerkinElmer, USA 655 50.89 0 5.1 8 50.71 48.43 50.36 47.36Citizen Watch, Japan 656 50.42 8 2.9 20 46.71 41.50 52.41 56.23Barco, Belgium 657 50.38 6 10.3 8 47.41 47.91 75.45 72.67Tosoh, Japan 658 50.34 -1 1.7 5 50.83 51.33 48.36 47.38Idenix Pharmaceuticals, USA 659 50.26 8 133.3 33 46.36 29.75 16.77 n/aSunplus Technology, Taiwan 660 50.18 38 10.4 37 36.29 26.88 18.73 12.39Gaz De France, France 661 50.16 -19 0.3 14 61.84 61.15 81.08 87.26Avery Dennison, USA 662 49.74 4 1.6 5 47.94 43.57 43.40 40.72Deutsche Borse, Germany 663 49.68 -14 4.0 15 57.65 63.21 84.44 90.97Kajima, Japan 664 49.48 -10 0.6 6 54.77 56.40 56.53 63.04Minebea, Japan 665 49.41 4 3.4 8 47.57 48.07 n/a n/aAdvanced Semiconductor Engineering, Taiwan 666 49.40 8 3.2 37 45.84 41.75 22.39 26.68Ebara, Japan 667 49.32 -9 2.1 20 54.11 69.67 85.31 98.69Saurer, Switzerland 668 49.16 -5 4.6 20 51.70 51.35 50.10 53.07Trimble Navigation, USA 669 49.09 9 10.9 8 45.18 39.40 35.67 36.63Thq, USA 670 49.07 15 10.4 23 42.50 21.46 22.47 12.32ProMOS Technologies, Taiwan 671 48.95 16 9.3 37 42.20 20.20 27.58 21.11Kissei Pharmaceutical, Japan 672 48.82 1 16.2 33 48.49 64.52 64.38 56.84Kyushu Electric Power, Japan 673 48.64 -8 0.7 7 52.69 54.06 60.03 64.15Schindler, Switzerland 674 48.62 -4 1.2 20 50.39 61.43 57.01 55.25NSK, Japan 675 48.39 12 1.7 36 43.04 41.00 39.66 45.74Pentax, Japan 676 48.34 9 7.3 23 44.22 39.30 33.60 30.66Toyo Tire, Japan 677 48.32 2 3.6 2 47.15 44.99 43.57 42.22EPCOS, Germany 678 48.30 -1 5.7 8 48.59 47.70 64.61 64.37Trelleborg, Sweden 679 48.23 7 2.7 2 45.09 35.50 34.40 36.23InterMune, USA 680 48.19 2 56.3 33 47.37 69.82 75.48 30.32Wartsila, Finland 681 48.17 18 2.7 20 40.81 48.23 60.19 54.83CheckFree, USA 682 48.08 25 10.9 35 38.61 33.21 34.72 35.27Creative Technology, Singapore 683 47.95 18 6.7 37 40.49 34.24 22.28 31.47Varian Medical Systems, USA 684 47.80 14 5.9 18 42.00 34.47 28.22 25.39Mettler-Toledo International, Switzerland 685 47.70 -2 5.5 20 48.47 45.44 41.14 37.64Leica Geosystems, Switzerland 686 47.63 -1 13.9 8 47.90 47.34 48.95 25.26Fair Isaac, USA 687 47.35 14 10.2 35 41.41 39.36 23.63 16.50Akebono Brake Industry, Japan 688 47.15 8 7.2 2 43.70 42.89 47.23 46.06ZF Lenksysteme, Germany 689 47.14 5 3.1 2 44.73 n/a n/a 54.28Nippon Shokubai, Japan 690 47.03 1 4.8 5 46.51 45.57 45.27 45.09Nippon Kayaku, Japan 691 46.87 11 7.1 5 42.22 42.20 43.04 41.06Tomkins, <strong>UK</strong> 692 46.70 -9 1.5 16 51.30 58.60 51.45 54.10Praxair, USA 693 46.60 4 1.0 5 44.85 43.69 40.19 38.44Emulex, USA 694 46.58 9 21.3 37 42.64 35.68 27.70 15.73Orkla, Norway 695 46.54 n/m 1.0 16 0.00 19.70 19.61 18.67Giesecke & Devrient, Germany 696 46.46 8 5.5 36 43.06 50.69 53.58 60.18Biomet, USA 697 46.42 23 4.2 18 37.80 32.22 29.56 25.06Italtel, Italy 698 46.40 8 12.4 37 43.03 55.52 63.16 82.08Bang & Olufsen, Denmark 699 46.22 10 13.4 23 42.01 32.78 30.69 31.91Valspar, USA 700 46.18 4 2.9 5 44.20 40.58 38.40 33.85Semiconductor Manufacturing, China 701 45.94 1 6.7 37 45.53 18.68 21.82 n/aChunghwa Telecom, Taiwan 702 45.78 4 1.4 10 43.91 45.78 55.03 59.45Amylin Pharmaceuticals, USA 703 45.65 -8 55.8 33 49.68 37.15 47.22 28.89Eberspaecher, Germany 704 45.62 1 4.1 2 45.14 42.19 44.59 n/a—–––––—— 2005/06 R&D <strong>investment</strong> —–––––—— ——––––––—– Previous R&D <strong>investment</strong> ——––––––—–change sales 2004/05 2003/04 2002/03 2001/02Company Rank £m 1 yr % % Industry £m £m £m £mToyobo, Japan 705 45.41 2 2.3 5 44.63 43.23 44.36 45.62Avecia, <strong>UK</strong> 706 45.40 -21 11.1 5 57.70 58.80 60.50 55.10Affymetrix, USA 707 45.38 5 21.2 18 43.18 38.39 41.66 36.97Serco, <strong>UK</strong> 708 45.30 18 2.0 36 38.40 n/a n/a n/aVarian Semiconductor Equipment, USA 709 45.24 15 12.9 37 39.44 35.25 30.20 29.02Fairchild Semiconductor, USA 710 45.20 -5 5.4 37 47.76 43.57 47.88 48.35SCA, Sweden 711 45.16 -6 0.6 13 48.01 46.11 65.14 60.75Spectris, <strong>UK</strong> 712 44.90 3 6.8 8 43.40 34.10 29.60 30.20Basell AF SCA, Luxembourg † 713 44.89 n/a 1.3 5 n/a n/a n/a n/aConvergys, USA 714 44.79 -1 3.0 36 45.14 54.93 66.23 67.51Taisei, Japan 715 44.39 -5 0.5 6 46.58 48.93 48.92 49.41FileNET, USA 716 44.36 -3 18.1 35 45.58 44.88 41.78 40.10Sigmatel, USA 717 44.24 126 23.4 37 19.59 11.49 6.96 8.02Zeon, Japan 718 44.23 6 3.9 5 41.90 35.15 31.47 31.08Sealed Air, USA 719 44.15 4 1.9 16 42.64 40.19 34.53 32.49Ballard Power Systems, Canada 720 43.97 -18 140.5 2 53.44 60.50 66.25 48.16Tokuyama, Japan 721 43.76 1 3.7 5 43.19 38.40 40.09 37.36Hamamatsu Photonics, Japan 722 43.66 1 12.0 8 43.29 43.12 38.85 36.94Garmin, Cayman Islands 723 43.62 22 7.3 23 35.87 25.46 18.73 16.41Koc, Turkey 724 43.41 4 0.4 16 41.57 26.37 22.05 17.15Adidas-Salomon, Germany 725 43.29 -28 0.9 32 60.46 59.09 58.40 59.09Deutz, Germany 725 43.29 -9 4.8 20 47.75 37.72 32.36 33.19Repsol YPF, Spain 725 43.29 11 0.1 30 39.16 92.07 90.01 86.57Veolia Environnement, France 728 43.22 0 0.2 14 43.08 65.48 n/a n/aBOC, <strong>UK</strong> 729 43.20 4 1.2 5 41.60 39.90 47.00 60.00King Pharmaceuticals, USA 730 43.11 9 4.2 33 39.57 25.68 23.41 13.69Assa Abloy, Sweden 731 43.04 18 2.1 20 36.60 32.72 31.39 26.86Enterasys Networks, USA 732 42.99 -12 20.7 37 49.04 49.52 62.79 85.12Mercury Interactive, USA(now part of Hewlett-Packard) 733 42.94 32 10.8 35 32.56 22.06 21.97 18.66Cobham, <strong>UK</strong> 734 42.90 -12 3.9 1 48.70 40.40 31.60 28.20American Axle & Manufacturing, USA 735 42.87 7 2.2 2 39.96 35.36 31.45 30.11Smith International, USA 735 42.87 10 1.3 31 39.14 32.39 29.47 29.59Nissan Chemical Industries, Japan 737 42.61 -1 5.3 5 42.84 36.99 33.17 30.70Tibco Software, USA 738 42.60 20 16.4 35 35.59 37.62 42.14 53.00Voest-Alpine, Austria 739 42.26 2 0.9 21 41.23 35.45 31.61 24.74Biovitrum, Sweden 740 42.16 8 61.5 33 39.19 23.66 39.75 20.80Estee Lauder, USA 741 42.11 8 1.1 32 39.14 35.42 35.71 36.23Eclipsys, USA 742 41.90 -2 18.8 35 42.69 44.56 32.05 25.59Elbit Systems, Israel 743 41.88 8 6.7 1 38.94 31.99 33.21 35.01ImClone Systems, USA 743 41.88 24 18.7 33 33.87 51.74 73.22 55.10Nippon Shinyaku, Japan 745 41.85 3 15.6 33 40.78 38.91 34.66 32.66ADC Telecommunications, USA 746 41.71 21 6.1 37 34.43 63.26 102.75 162.28Shimano, Japan 747 41.69 39 5.0 23 29.95 31.03 28.75 41.47Denki Kagaku Kogyo KK, Japan 748 41.66 0 3.0 5 41.84 42.89 40.54 40.01Cooper Industries, USA 749 41.65 1 1.5 8 41.12 36.93 31.45 32.50Mindspeed Technologies, USA 750 41.56 -10 63.8 37 46.36 n/a n/a n/aHankook Tire, South Korea 751 41.54 20 3.6 2 34.75 31.16 25.62 23.63JohnsonDiversey, USA 752 41.36 -6 2.1 5 43.85 43.76 37.49 21.65Axcelis Technologies, USA 753 41.30 12 19.0 37 36.82 36.86 41.98 44.58MGI PHARMA, USA 754 41.29 13 25.4 33 36.48 29.19 18.76 21.03China Motor, Taiwan 755 41.27 -15 4.4 2 48.77 42.24 37.96 27.30Realnetworks, USA 756 41.20 36 21.8 35 30.33 27.80 28.84 32.56Claas, Germany 757 41.18 -17 2.8 20 49.88 46.18 43.31 33.33Tokyo Gas, Japan 758 41.13 -25 0.7 14 55.01 57.74 n/a n/aChugoku Electric Power, Japan 759 41.01 -5 0.8 7 43.37 42.59 49.28 41.05Asahi Breweries, Japan 760 40.92 0 0.6 4 41.05 36.58 34.17 n/aIntergraph, USA 761 40.81 1 12.1 35 40.24 40.19 36.76 37.10Nektar <strong>The</strong>rapeutics, USA 761 40.81 58 55.5 33 25.83 30.62 47.18 41.21Chr Hansen (now ALK-Abello), Denmark 763 40.72 -2 10.1 33 41.73 46.15 39.46 30.04Energizer, USA 763 40.72 -6 2.3 8 43.10 30.00 21.61 27.03Genmab, Denmark 765 40.69 18 448.4 33 34.39 31.87 36.50 18.13GEA, Germany 766 40.51 1 1.1 20 40.24 64.31 71.60 74.72Yamatake, Japan 767 40.32 1 4.5 8 39.97 43.83 43.28 42.81Bobst, Switzerland 768 40.26 3 5.7 20 39.11 n/a n/a n/aAxalto (now Gemalto), <strong>The</strong> Netherlands 769 40.21 5 7.0 8 38.19 33.69 36.81 n/a180 <strong>The</strong> <strong>2006</strong> R&D Scoreboard<strong>The</strong> <strong>2006</strong> R&D Scoreboard 181
Ranking of the <strong>top</strong> <strong>1250</strong> global <strong>companies</strong> <strong>by</strong> R&D <strong>investment</strong>Ranking of the <strong>top</strong> <strong>1250</strong> global <strong>companies</strong> <strong>by</strong> R&D <strong>investment</strong>—–––––—— 2005/06 R&D <strong>investment</strong> —–––––—— ——––––––—– Previous R&D <strong>investment</strong> ——––––––—–change sales 2004/05 2003/04 2002/03 2001/02Company Rank £m 1 yr % % Industry £m £m £m £mCell <strong>The</strong>rapeutics, USA 770 40.06 -32 427.3 33 58.90 52.15 34.23 26.02TietoEnator, Finland 770 40.06 33 3.5 35 30.16 n/a n/a n/aWistron, Taiwan 772 40.03 0 1.4 37 40.03 35.05 40.40 17.88Old Mutual, <strong>UK</strong> 773 40.00 700 0.3 24 5.00 n/a n/a n/aCytec Industries, USA 774 39.90 71 2.3 5 23.30 20.50 19.63 18.87Ecolab, USA 775 39.83 11 1.5 5 35.81 30.97 29.04 19.28Polaris Industries, USA 776 39.69 12 3.6 2 35.36 30.15 26.53 20.80Salzgitter, Germany 777 39.51 1 0.8 21 39.16 39.51 32.29 32.98Nippon Sheet Glass, Japan 778 39.21 3 3.0 6 38.07 44.05 40.49 31.23Cambridge Antibody, <strong>UK</strong>(now part of AstraZeneca) 779 39.17 -11 20.2 33 44.13 44.98 31.31 21.39Japan Aviation Electronics Industry, Japan 780 39.09 5 6.8 1 37.24 33.79 34.29 31.95Shimadzu, Japan 781 39.05 10 3.4 20 35.39 32.30 39.24 39.19CGI, Canada 782 39.00 2 2.1 35 38.30 10.99 8.78 6.28Waters, USA 783 38.97 3 5.8 18 38.00 35.50 30.24 27.15Nabi Biopharmaceuticals, USA 784 38.93 10 61.9 33 35.36 16.92 12.29 8.93IDX Systems, USA(now part of General Electric) 785 38.88 20 12.8 35 32.28 30.59 26.51 28.77Unova (now Intermec), USA 786 38.74 7 6.1 37 36.17 33.03 31.10 38.62LTX, USA 787 38.62 -2 49.3 37 39.41 38.50 41.42 38.44Millipore, USA 788 38.47 6 6.7 18 36.40 34.01 30.50 26.69Fortune Brands, USA 789 38.39 -4 0.8 6 40.02 33.84 32.56 31.63Gemplus International, Luxembourg(now part of Gemalto, <strong>The</strong> Netherlands) 790 38.38 -23 6.0 8 49.60 49.46 72.13 79.02Abengoa, Spain 791 38.33 139 2.8 16 16.01 13.76 6.79 24.43L-3 Communications, USA 792 38.27 -8 0.7 1 41.47 30.74 20.29 62.62Medicis Pharmaceutical, USA 793 38.26 298 17.4 33 9.61 17.22 8.81 14.86Danske Bank, Denmark 794 38.23 53 1.2 3 25.06 n/a n/a n/aBE Aerospace, USA 795 38.21 19 7.8 1 32.10 26.04 23.84 25.34Yaskawa Electric, Japan 796 38.19 2 2.5 8 37.37 34.28 37.92 n/aWind River Systems, USA 797 38.18 8 24.6 35 35.37 33.01 43.66 52.14Newmarket, USA 798 38.09 0 6.1 5 38.07 33.18 29.42 33.56Koenig & Bauer, Germany 799 38.07 -5 3.4 20 39.92 39.58 33.95 25.23TCL Multimedia Technology, Cayman Islands <strong>800</strong> 38.04 92 1.5 8 19.86 4.27 4.60 1.37Open Text, Canada 801 37.94 49 15.7 35 25.41 17.08 14.02 14.16ICOS, USA 802 37.92 17 91.2 33 32.28 49.95 35.34 33.23Lafarge, France 803 37.79 2 0.3 6 37.10 38.48 37.79 36.42SNCF, France 803 37.79 n/a 0.3 22 n/a n/a n/a n/aTDC, Denmark(now part of Nordic Telephone) 805 37.58 -15 0.9 10 44.22 n/a n/a n/aMedicines, USA 806 37.51 31 42.9 33 28.71 20.91 22.11 19.09Avon Products, USA 807 37.40 1 0.8 32 37.16 28.89 28.19 26.74Nippon Paper, Japan 808 37.33 6 0.6 13 35.14 33.19 36.60 29.32Meiji Dairies, Japan 809 37.30 2 1.0 12 36.63 34.10 n/a n/aCymer, USA 810 37.29 10 16.7 37 34.05 33.92 42.94 32.58Heraeus, Germany 811 37.10 n/a 0.6 21 n/a 30.30 n/a n/aEncysive Pharmaceuticals, USA 812 36.99 12 453.4 33 32.99 14.99 8.97 6.80Techtronic Industries, Hong Kong 813 36.98 45 2.2 8 25.47 20.19 8.56 6.01Inventec Appliances, Taiwan 814 36.95 21 10.3 37 30.50 n/a n/a n/aAnalogic, USA 815 36.75 8 17.3 8 34.18 34.18 24.20 26.14Interdigital Communications, USA 815 36.75 23 38.7 37 29.83 26.76 27.19 25.92Progress Software, USA 817 36.74 4 15.6 35 35.34 29.50 24.53 24.31International Paper, USA 818 36.70 -7 0.3 13 39.61 42.52 44.85 53.59Par Pharmaceutical Companies, USA 819 36.67 25 14.5 33 29.43 14.32 10.43 6.47Plantronics, USA 820 36.58 85 8.4 37 19.73 20.66 19.73 17.65Brooks Automation, USA 821 36.56 -6 13.5 37 39.10 42.46 43.72 35.45ADTRAN, USA 822 36.50 -7 12.2 37 39.25 33.87 32.79 34.33RSA Security, USA 823 36.42 1 20.2 35 36.05 31.24 32.07 33.99Lawson Software, USA 824 36.21 -4 18.5 35 37.80 34.43 38.97 30.64Hexion Specialty Chemicals, USA 825 36.11 214 1.4 5 11.50 10.48 11.11 13.22Advanced Medical Optics, USA 826 35.91 35 6.7 18 26.57 21.79 17.43 16.89Shimizu, Japan 827 35.90 -6 0.5 6 38.02 36.91 41.04 36.71Aeroflex, USA 828 35.76 23 12.8 37 29.11 18.12 13.80 11.01Nexans, France 829 35.73 11 0.9 8 32.29 32.29 32.98 34.36Extreme Networks, USA 830 35.69 5 16.0 37 33.85 33.79 35.82 33.71Vasogen, Canada 831 35.61 38 n/a 33 25.83 10.84 6.32 4.59—–––––—— 2005/06 R&D <strong>investment</strong> —–––––—— ——––––––—– Previous R&D <strong>investment</strong> ——––––––—–change sales 2004/05 2003/04 2002/03 2001/02Company Rank £m 1 yr % % Industry £m £m £m £mPowerwave Technologies, USA 832 35.55 29 7.4 8 27.49 22.68 19.27 20.24Georgia-Pacific, USA 833 35.53 -5 0.3 13 37.28 37.86 n/a n/aWeyerhaeuser, USA 833 35.53 11 0.3 13 32.04 29.71 30.29 32.04Adaptec, USA 835 35.47 -46 15.4 37 66.27 59.86 68.54 71.66Taiwan Power, Taiwan 836 35.42 -3 0.5 7 36.64 38.88 36.49 41.25Cae, Canada 837 35.41 -14 6.4 35 41.24 39.74 41.24 52.21High Tech Computer, Taiwan 838 35.37 0 2.8 8 35.37 18.59 n/a n/aWilliam Demant, Denmark 839 35.24 18 8.1 18 29.86 27.17 25.07 23.31Biovail, Canada 840 35.23 21 6.5 33 29.15 42.13 11.83 21.21Diebold, USA 841 35.19 1 2.3 37 34.96 35.21 37.21 34.72Veeco Instruments, USA 842 35.17 4 14.7 8 33.98 28.47 31.39 34.79CSR, <strong>UK</strong> 843 35.15 119 12.4 37 16.07 9.66 7.34 8.39CuraGen, USA 844 35.13 -9 256.3 33 38.68 33.57 36.93 24.68IWKA, Germany 845 35.10 -14 2.5 20 40.75 41.02 41.43 38.96Bull, France 846 35.04 -6 4.3 37 37.10 41.23 50.16 84.51SIG, Switzerland 846 35.04 -26 3.5 16 47.41 52.22 48.10 30.50Arris, USA 848 35.03 -5 8.8 37 36.91 36.62 37.75 31.75FEI, USA 849 34.87 7 14.0 37 32.54 26.98 24.75 24.18Industria de Turbo Propulsores, Spain 850 34.84 -38 13.5 1 56.17 74.21 26.00 23.56Realtek Semiconductor, Taiwan 851 34.78 44 17.9 37 24.13 25.16 17.49 12.56Nippon Paint, Japan 852 34.68 -5 3.5 5 36.58 33.44 n/a n/aAcambis, <strong>UK</strong> 853 34.50 19 84.4 33 28.90 19.90 16.30 17.66WR Grace, USA 854 34.48 16 2.3 5 29.77 30.29 30.11 25.69Cabot, USA 855 34.37 11 2.8 5 30.87 37.28 27.96 27.96UPM-Kymmene, Finland 856 34.36 6 0.5 13 32.29 32.98 31.61 30.92Gedeon Richter, Hungary 857 34.35 19 7.4 33 28.87 25.71 22.18 17.92SPX, USA 858 34.25 1 1.2 8 33.84 55.98 69.08 63.55Sauer-Danfoss, USA 859 34.18 13 3.8 20 30.24 25.31 22.02 22.17Nalco, USA 860 34.13 4 1.8 14 32.91 n/a n/a n/aSorin, Italy 861 34.12 -8 6.6 18 37.10 41.84 34.49 30.99Emdeon, USA 862 34.07 8 4.6 36 31.55 25.04 25.54 23.08MiTAC International, Taiwan 862 34.07 44 2.3 8 23.66 21.12 16.28 15.35Redback Networks, USA 864 33.98 3 38.1 37 32.97 38.57 52.78 83.23Standard Microsystems, USA 865 33.94 36 18.3 37 25.04 22.60 18.15 18.16Novelis, Canada 866 33.78 -6 0.7 21 36.11 39.03 n/a n/aOwens Corning, USA 866 33.78 23 0.9 6 27.38 25.05 24.46 21.55Tenneco, USA 866 33.78 23 1.3 2 27.38 25.63 24.46 19.22Nuvelo, USA 869 33.65 45 >999.9 33 23.28 19.27 29.22 27.09Borland Software, USA 870 33.60 -15 20.8 35 39.66 37.43 29.59 27.37Neopost, France 870 33.60 25 5.9 37 26.87 22.54 22.95 22.54Coherent, USA 872 33.52 -8 11.1 37 36.39 29.56 30.65 30.85Yakult Honsha, Japan 873 33.44 5 2.7 12 31.87 28.63 25.50 23.08Ingenico, France 874 33.42 50 11.1 8 22.27 23.57 29.55 18.77deCODE genetics, Iceland 875 33.33 22 156.0 33 27.41 36.97 50.47 41.82Tokai Rubber Industries, Japan 876 33.17 1 3.1 5 32.87 31.52 30.48 28.58NACCO Industries, USA 877 33.14 -2 1.8 16 33.73 32.62 29.53 30.29Avocent, USA 878 33.13 25 15.4 37 26.42 17.35 15.45 13.12Orbotech, Israel 879 33.04 18 14.9 8 27.96 22.98 24.58 29.15Dexia, Belgium 880 32.98 586 0.8 3 4.81 n/a n/a n/aIntentia International, Sweden 881 32.86 -3 15.1 35 34.01 33.62 39.41 33.16Alfa Laval, Sweden 882 32.78 11 2.7 20 29.56 26.94 26.00 24.99Pall, USA 883 32.73 -2 3.0 20 33.36 30.41 31.91 32.64Patria, Finland 884 32.71 21 15.0 1 27.07 18.48 14.84 5.22Showa, Japan 885 32.58 -16 2.8 2 38.62 34.71 33.86 29.77MKS Instruments, USA 886 32.57 -2 11.0 37 33.19 27.76 26.79 22.11Aspen Technology, USA 887 32.49 -16 20.7 35 38.68 42.37 48.02 40.14Hyundai Mobis, South Korea 888 32.17 48 0.8 2 21.76 6.61 12.15 6.66Sysmex, Japan 889 32.12 17 8.5 33 27.39 24.53 20.38 17.41Basilea Pharmaceuticals, Switzerland 890 32.00 5 237.4 33 30.46 22.11 25.29 n/aKureha Chemical Industry(now Kureha), Japan 891 31.87 1 5.0 5 31.42 31.07 30.09 28.28GPC Biotech, Germany 892 31.84 68 496.1 33 18.97 10.18 12.59 13.71Reebok International, USA(now part of Adidas-Salomon, Germany) 893 31.83 8 1.4 32 29.50 26.08 24.27 28.98SPSS, USA 894 31.71 -4 23.1 35 33.19 26.37 27.47 18.82BJ Services, USA 895 31.57 15 1.7 31 27.54 23.77 8.47 8.35182 <strong>The</strong> <strong>2006</strong> R&D Scoreboard<strong>The</strong> <strong>2006</strong> R&D Scoreboard 183
Ranking of the <strong>top</strong> <strong>1250</strong> global <strong>companies</strong> <strong>by</strong> R&D <strong>investment</strong>Ranking of the <strong>top</strong> <strong>1250</strong> global <strong>companies</strong> <strong>by</strong> R&D <strong>investment</strong>—–––––—— 2005/06 R&D <strong>investment</strong> —–––––—— ——––––––—– Previous R&D <strong>investment</strong> ——––––––—–change sales 2004/05 2003/04 2002/03 2001/02Company Rank £m 1 yr % % Industry £m £m £m £mQLT, Canada 895 31.57 39 26.2 33 22.75 20.09 17.87 20.48Ulvac, Japan 897 31.50 32 3.2 8 23.90 21.61 24.75 32.06Amada, Japan 898 31.49 -11 3.2 20 35.34 31.31 29.92 27.28Electric Power Development, Japan 898 31.49 -5 1.1 7 33.32 31.25 28.65 26.20Varian, USA 900 31.42 11 6.3 18 28.39 26.59 23.25 20.76Zeltia, Spain 901 31.39 24 63.4 33 25.22 35.19 30.62 22.06Isis Pharmaceuticals, USA 902 31.37 -37 134.2 33 50.01 39.32 24.64 20.99Disco, Japan 903 31.35 2 9.2 37 30.87 13.09 10.66 12.03Sumitomo Heavy Industries, Japan 904 31.18 1 1.2 20 30.91 28.62 n/a 29.88Roper Industries, USA 905 31.16 38 3.7 8 22.54 18.99 17.42 15.32Tokyo Seimitsu, Japan 906 31.09 14 7.4 37 27.29 16.24 23.99 15.73Filtronic, <strong>UK</strong> 907 31.08 11 11.8 37 27.90 28.32 32.13 31.98Grammer, Germany 908 31.01 38 5.3 2 22.45 n/a n/a n/aKaken Pharmaceutical, Japan 909 30.95 -1 8.4 33 31.39 28.11 25.92 24.56Numico, <strong>The</strong> Netherlands 910 30.92 36 2.3 12 22.67 21.99 29.55 n/aBekaert, Belgium 911 30.90 -17 2.3 21 37.05 24.74 28.62 23.08Recordati, Italy 912 30.89 20 7.7 33 25.64 22.51 24.13 21.26Reynolds American, USA 913 30.87 10 0.6 38 27.96 31.45 48.35 37.28Timken, USA 914 30.81 6 1.0 20 29.18 30.87 30.87 31.45Meggitt, <strong>UK</strong> 915 30.77 11 5.0 1 27.65 19.99 22.99 25.63Leoni, Germany 916 30.64 1 2.9 8 30.32 25.06 22.31 n/aSekisui House, Japan 917 30.55 7 0.4 19 28.59 25.95 27.26 37.28Meidensha, Japan 918 30.53 -9 3.3 16 33.53 34.61 43.26 41.32Powerchip Semiconductor, Taiwan 919 30.52 64 3.2 37 18.60 19.66 19.04 28.27Leapfrog Enterprises, USA 920 30.49 -14 8.1 23 35.53 33.55 31.69 22.35Ishihara Sangyo Kaisha, Japan 921 30.48 4 6.4 5 29.30 27.97 31.34 n/aWest Japan Railway, Japan 922 30.45 2 0.5 39 29.74 30.05 26.58 24.65Diagnostic Products, USA(now part of Siemens, Germany) 923 30.35 15 10.8 18 26.37 23.69 21.45 18.32Belgacom, Belgium 924 30.23 -17 0.8 10 36.42 43.29 30.23 33.67Finisar, USA 924 30.23 -17 14.2 37 36.58 36.23 35.12 31.67Chemtura, USA 926 30.19 5 1.7 5 28.88 29.98 47.69 47.96Getinge, Sweden 927 30.18 4 3.5 18 29.04 18.88 18.17 15.91Pixelworks, USA 927 30.18 70 30.2 37 17.71 13.79 14.98 10.54Nissin Kogyo, Japan 929 30.05 10 4.3 2 27.40 22.62 17.54 n/aFLIR Systems, USA 930 30.01 12 10.1 1 26.68 17.86 15.66 15.86Alliant Techsystems, USA 931 30.00 36 1.6 1 22.09 16.86 15.64 11.99FMC Technologies, USA 931 30.00 2 1.6 31 29.36 26.39 27.84 31.98Kronos, USA 933 29.91 29 9.9 35 23.15 18.83 16.98 15.15Foundry Networks, USA 934 29.88 17 12.7 37 25.57 23.58 20.35 19.77Imation, USA 934 29.88 -10 4.1 37 33.14 33.20 29.47 36.52Dr Reddy's Laboratories, India 936 29.73 26 12.5 33 23.63 17.13 12.41 6.59Software, Germany 937 29.68 -12 9.9 35 33.67 40.06 44.18 45.28Kemira, Finland 938 29.61 -5 2.2 5 31.26 32.77 31.61 26.80Telekom Austria, Austria 939 29.57 2 1.0 10 29.12 29.38 20.85 14.99HeidelbergCement, Germany 940 29.55 -2 0.6 6 30.23 29.55 30.23 32.29Ibiden, Japan 941 29.51 21 2.4 8 24.47 25.25 24.75 30.02TTP Communications, <strong>UK</strong> 942 29.50 31 47.6 37 22.47 21.44 20.89 13.58NetIQ, USA (now part of Attachmate) 943 29.45 -26 23.7 35 39.64 41.42 35.54 21.18Check Point Software Technologies, Israel 944 29.44 26 8.7 35 23.33 17.08 16.72 19.35Hillenbrand Industries, USA 945 29.42 -10 2.6 18 32.62 32.62 29.36 25.05IMI, <strong>UK</strong> 946 29.40 11 1.9 20 26.60 28.00 28.00 23.80Renishaw, <strong>UK</strong> 947 29.30 71 16.7 8 17.14 15.50 14.25 13.92WMS Industries, USA 947 29.30 12 13.0 39 26.10 23.47 15.13 10.38Voca, <strong>UK</strong> 949 29.25 257 32.8 36 8.20 24.68 29.49 3.61Central Glass, Japan 950 29.23 9 3.0 6 26.90 27.61 23.17 23.26Mercury Computer Systems, USA 951 29.17 30 20.0 37 22.51 22.36 20.01 17.76GTECH, USA 952 29.13 -18 3.8 39 35.54 33.39 24.96 19.68Fiserv, USA 953 29.12 5 1.2 36 27.84 30.52 26.15 21.34MeadWestvaco, USA 953 29.12 -32 0.7 16 43.10 41.36 53.01 27.67NOVA Chemicals, Canada 953 29.12 4 0.9 5 27.96 26.21 22.72 23.30Snap-On, USA 953 29.12 -18 2.1 19 35.42 34.83 33.26 31.80Woodward Governor, USA 953 29.12 25 6.0 8 23.33 24.23 21.38 17.71Kone, Finland † 958 29.09 -37 1.2 20 46.23 60.74 43.49 28.17Nihon Unisys, Japan 959 29.04 -15 1.9 35 34.13 32.62 31.73 49.32Taiheiyo Cement, Japan 960 29.03 -2 0.7 6 29.71 36.84 36.84 37.33—–––––—— 2005/06 R&D <strong>investment</strong> —–––––—— ——––––––—– Previous R&D <strong>investment</strong> ——––––––—–change sales 2004/05 2003/04 2002/03 2001/02Company Rank £m 1 yr % % Industry £m £m £m £mMitsui Mining & Smelting, Japan 961 29.02 99 1.3 21 14.60 11.63 11.29 10.28Sigma-Aldrich, USA 962 29.01 17 3.0 5 24.81 24.82 23.57 22.09CNOOC, China 963 28.99 50 0.6 30 19.38 11.97 12.08 7.87Aruze, Japan 964 28.96 20 8.1 39 24.06 23.39 23.14 29.30PUMA, Germany 965 28.86 14 2.4 32 25.35 20.54 16.63 13.66Quanta Display, Taiwan 966 28.73 n/a 2.6 8 n/a n/a n/a n/aTokyo Ohka Kogyo, Japan 967 28.62 -14 6.5 5 33.28 29.75 28.64 23.38Silicon Storage Technology, USA 968 28.56 5 11.4 37 27.32 25.13 27.42 29.35Cubist Pharmaceuticals, USA 969 28.52 -12 40.6 33 32.58 31.44 25.87 28.71Groupe SEB, France 970 28.51 -2 1.7 19 29.00 27.90 25.63 19.93Artesyn Technologies, USA(now part of Emerson Electric) 971 28.48 19 11.5 8 23.96 20.00 20.00 24.16Komag, USA 972 28.47 20 7.1 37 23.76 24.51 10.72 23.04Toyama Chemical, Japan 973 28.44 12 36.1 33 25.47 25.11 24.15 29.70Inventec, Taiwan 974 28.39 13 1.0 37 25.03 23.78 16.91 15.76Hannstar Display, Taiwan 975 28.34 n/a 2.6 23 n/a n/a n/a n/aVishay Intertechnology, USA 976 28.33 -5 2.1 8 29.71 26.43 21.61 17.58Phelps Dodge, USA 977 28.31 50 0.5 21 18.93 17.59 15.14 15.79Modine Manufacturing, USA 978 28.28 52 2.8 2 18.64 18.30 17.39 17.40Armstrong, USA 979 28.25 4 1.4 19 27.14 25.86 32.56 32.79Daiwa House Industry, Japan 980 28.20 1 0.4 19 27.97 27.68 27.02 27.32Borealis, Denmark 981 28.17 0 0.9 5 28.17 29.55 28.17 28.86Aristocrat Leisure, Australia 982 28.11 11 5.1 39 25.22 27.09 27.79 23.48Actel, USA 983 28.06 6 26.9 37 26.42 23.07 22.92 20.52Myriad Genetics, USA 984 28.05 29 58.4 33 21.75 10.46 5.41 19.70Bucher Industries, Switzerland 985 28.02 17 3.3 20 23.91 22.32 25.06 25.10Micro-Star International, Taiwan 986 27.98 -2 2.1 37 28.61 23.75 16.08 11.80Tanox, USA 987 27.90 76 107.2 33 15.84 12.25 13.19 12.63Gildemeister, Germany 988 27.89 6 3.6 20 26.22 28.52 32.66 34.22Mitsui, Japan 989 27.87 -6 0.2 16 29.71 16.85 14.55 8.38Phonak, Switzerland 990 27.86 29 7.3 18 21.53 19.98 21.60 13.90Atheros Communications, USA 991 27.84 12 26.0 37 24.87 17.87 13.62 n/aLonza, Switzerland 991 27.84 -11 2.5 5 31.38 36.24 45.08 41.55Horiba, Japan 993 27.82 10 6.1 8 25.31 19.96 21.40 24.37York International, USA(now part of Johnson Controls) 994 27.78 13 1.1 16 24.64 24.58 26.91 27.32DRS Technologies, USA 995 27.73 22 2.7 1 22.66 16.54 8.39 5.53Jungheinrich, Germany 996 27.64 6 2.4 20 26.18 22.74 20.48 19.65NOF, Japan 996 27.64 -3 4.2 5 28.45 28.19 26.47 28.30Steelcase, USA 998 27.61 15 1.7 19 23.94 25.05 26.50 35.53Haldex, Sweden 999 27.59 14 5.0 2 24.23 21.67 21.23 21.96Krka, Slovenia 1000 27.57 15 7.2 33 24.01 21.02 19.43 16.23Shikoku Electric Power, Japan 1000 27.57 -6 1.0 7 29.23 30.85 36.62 39.22Flamel Technologies, France 1002 27.55 34 200.5 33 20.60 11.78 7.13 6.21Msc Software, USA 1003 27.53 12 15.5 35 24.53 23.73 24.08 20.86Ariba, USA 1004 27.50 -13 14.6 35 31.51 31.36 37.65 52.94Alltel, USA 1005 27.49 46 0.5 27 18.81 33.03 69.32 99.84Antigenics, USA 1006 27.42 15 >999.9 33 23.90 27.69 10.19 16.55Crown, USA 1007 27.38 0 0.7 16 27.38 25.63 25.05 23.30Dentsply International, USA 1007 27.38 5 2.7 18 25.98 25.22 24.23 16.48Sprint Nextel, USA 1007 27.38 47 0.1 27 18.64 9.32 n/a n/aNippon Light Metal, Japan 1010 27.33 15 1.0 21 23.71 21.85 23.13 n/aKansai Paint, Japan 1011 27.31 -7 2.8 5 29.38 28.61 29.80 31.98TriQuint Semiconductor, USA 1012 27.21 -23 15.3 37 35.40 37.88 34.10 30.18Hexagon, Sweden 1013 27.15 116 3.9 20 12.59 10.25 8.12 4.76Itron, USA 1014 27.10 5 8.4 8 25.85 25.06 21.42 17.47Amer Sports, Finland 1015 27.07 26 2.9 23 21.51 21.09 16.42 15.67DoubleClick, USA 1016 27.06 19 15.4 35 22.82 23.18 31.13 26.09Sonus Networks, USA 1017 27.02 27 23.8 37 21.21 19.44 32.41 63.23BAA, <strong>UK</strong>(now part of Airport Development and Investment) 1018 27.00 n/a 1.2 22 n/a n/a n/a n/aCompagnie Generale de Geophysique, France 1018 27.00 17 4.5 31 23.02 18.48 18.62 24.26Terex, USA 1020 26.97 20 0.9 20 22.48 14.39 3.61 5.30Nexen, Canada 1021 26.93 54 1.1 30 17.45 9.97 2.99 n/aNKT, Denmark 1022 26.88 -4 3.3 8 28.04 18.70 22.02 19.81Crane, USA 1023 26.85 -12 2.2 20 30.52 27.26 26.79 32.39184 <strong>The</strong> <strong>2006</strong> R&D Scoreboard<strong>The</strong> <strong>2006</strong> R&D Scoreboard 185
Ranking of the <strong>top</strong> <strong>1250</strong> global <strong>companies</strong> <strong>by</strong> R&D <strong>investment</strong>Ranking of the <strong>top</strong> <strong>1250</strong> global <strong>companies</strong> <strong>by</strong> R&D <strong>investment</strong>—–––––—— 2005/06 R&D <strong>investment</strong> —–––––—— ——––––––—– Previous R&D <strong>investment</strong> ——––––––—–change sales 2004/05 2003/04 2002/03 2001/02Company Rank £m 1 yr % % Industry £m £m £m £mIchikoh Industries, Japan 1024 26.83 8 4.6 2 24.87 25.86 23.01 20.53Pentair, USA 1025 26.82 46 1.6 19 18.32 25.57 21.50 18.16Gen-Probe, USA 1026 26.80 11 15.0 33 24.09 51.30 27.21 21.63JCB Service, <strong>UK</strong> 1027 26.79 18 2.4 20 22.62 17.22 19.39 21.34Zebra Technologies, USA 1027 26.79 24 6.6 37 21.61 18.50 17.01 16.42Magma Design Automation, USA 1029 26.76 10 28.0 35 24.30 15.20 10.89 10.62Ariad Pharmaceuticals, USA 1030 26.75 66 >999.9 33 16.14 8.67 13.41 9.66Genesis Microchip, USA 1031 26.73 38 17.0 37 19.43 19.73 22.20 12.68Seton House, <strong>UK</strong> 1032 26.70 38 5.8 16 19.30 n/a n/a n/aAptarGroup, USA 1033 26.64 9 3.3 16 24.40 20.22 16.15 15.09Webex Communications, USA 1034 26.63 33 14.8 35 20.00 14.57 13.58 11.16S1, USA 1035 26.60 -8 19.2 35 28.95 26.30 22.94 32.37Respironics, USA 1036 26.58 55 5.0 18 17.17 19.14 10.09 8.90Tsumura, Japan 1037 26.51 -1 6.3 33 26.76 26.23 22.04 22.68Vernalis, <strong>UK</strong> 1038 26.49 24 187.5 33 21.42 31.28 23.47 21.26Nippon Soda, Japan 1039 26.34 6 3.7 5 24.92 n/a n/a n/aEffem (aka Mars), <strong>UK</strong> 1040 26.32 31 1.3 12 20.14 22.03 24.57 25.89Internet Security Systems, USA 1040 26.32 5 13.7 35 25.03 24.37 20.55 20.63Kinpo Electronics, Taiwan 1042 26.28 13 2.3 37 23.34 22.18 15.41 16.99Cirrus Logic, USA 1043 26.27 -33 23.3 37 38.93 44.37 55.49 70.86Micrel, USA 1044 26.25 8 18.0 37 24.32 27.35 31.05 29.89Ashland, USA 1045 26.21 5 0.5 5 25.05 20.97 22.13 22.13Novar, <strong>UK</strong>(now part of Honeywell Acquisitions) 1046 26.20 -12 1.8 6 29.90 25.90 27.00 27.20Teledyne Technologies, USA 1047 26.15 38 3.7 1 18.99 16.25 15.26 18.23Silicon Image, USA 1048 26.13 -43 21.1 37 45.47 25.29 23.42 20.26Bookham, USA 1049 26.11 -11 22.4 37 29.50 35.74 39.77 38.14Christian Dior, France 1049 26.11 -7 0.3 32 28.17 28.17 32.29 43.97TCL Communication Technology, Hong Kong 1051 26.05 61 6.1 37 16.16 1.72 n/a n/aRetalix, Israel 1052 26.03 31 23.8 35 19.86 10.69 9.92 8.49SkyePharma, <strong>UK</strong> 1053 26.00 -7 42.4 33 27.96 25.06 15.07 11.58Andrx, USA 1054 25.90 10 4.3 11 23.59 30.43 29.99 30.78Aspect Communications(now Aspect Software), USA 1054 25.90 -10 12.0 35 28.69 33.11 55.92 63.74JDA Software, USA 1056 25.83 -16 20.6 35 30.76 28.27 24.36 20.04Fisher Scientific International, USA 1057 25.75 20 0.8 18 21.38 6.87 4.49 2.62Metsaliitto, Finland 1058 25.63 1 0.4 13 25.42 24.74 21.99 20.61LogicaCMG, <strong>UK</strong> 1059 25.50 -32 1.4 35 37.70 57.50 64.00 82.50Biomarin Pharmaceutical, USA 1060 25.49 -12 170.5 33 29.00 24.88 n/a n/aSuzuken, Japan 1061 25.44 12 0.4 33 22.69 24.80 21.37 17.38Arla Foods, Denmark 1062 25.42 -20 0.6 12 31.78 35.10 n/a n/aAastra Technologies, Canada 1063 25.40 116 9.7 37 11.77 10.27 11.03 3.74Moog, USA 1064 25.37 47 4.1 1 17.32 17.76 19.24 15.41Sycamore Networks, USA 1065 25.33 -10 66.5 37 28.22 32.30 69.62 112.89Noritz, Japan 1066 25.30 21 2.9 19 20.92 21.93 23.58 21.55Parexel International, USA 1067 25.28 15 6.5 33 21.96 16.83 n/a n/aAlliance Gaming(now Bally Technologies), USA 1068 25.26 18 8.9 39 21.33 11.62 10.26 7.91Alkermes, USA 1069 25.15 -34 25.9 33 37.90 47.51 31.22 22.13Cabot Microelectronics, USA 1070 25.05 -2 15.9 37 25.63 24.18 19.61 15.03WCM, Germany 1070 25.05 -1 3.9 15 25.42 n/a n/a n/aPharmion, USA 1072 25.01 51 19.4 33 16.54 n/a 8.77 3.50Cooper Companies, USA 1073 24.98 560 5.3 18 3.78 3.25 2.51 2.13MDS, Canada 1074 24.93 -12 2.7 18 28.42 27.43 29.92 22.44Cree, USA 1075 24.91 16 11.0 37 21.49 18.18 18.47 11.30Verifone, USA 1076 24.87 18 8.8 37 21.12 17.56 n/a n/aToagosei, Japan 1077 24.83 -4 3.5 5 25.95 26.29 26.51 29.79IBS, Sweden 1078 24.81 8 14.3 35 22.87 21.13 22.87 20.54Informatica, USA 1078 24.81 -17 15.9 35 29.89 27.53 26.58 26.95Wm Wrigley Jr, USA 1080 24.80 23 1.0 12 20.17 16.47 13.10 n/aBeru, Germany † 1081 24.79 15 8.8 2 21.49 20.29 12.01 16.28Advanced Digital Information, USA 1082 24.75 12 9.4 37 22.09 23.65 18.77 16.17Swisscom, Switzerland 1082 24.75 -15 0.6 10 29.17 40.22 27.40 42.87Ferro, USA 1084 24.70 16 2.3 5 21.38 18.12 17.53 17.59GS Yuasa, Japan 1084 24.70 n/a 2.1 8 n/a n/a n/a n/a—–––––—— 2005/06 R&D <strong>investment</strong> —–––––—— ——––––––—– Previous R&D <strong>investment</strong> ——––––––—–change sales 2004/05 2003/04 2002/03 2001/02Company Rank £m 1 yr % % Industry £m £m £m £mEsterline Technologies, USA 1086 24.60 52 5.0 1 16.14 11.37 8.99 12.90Biosite, USA 1087 24.59 18 14.7 18 20.79 14.26 9.52 8.12Stork, <strong>The</strong> Netherlands 1087 24.59 19 2.0 20 20.68 50.85 21.99 17.18Sartorius, Germany 1089 24.58 21 7.4 33 20.38 18.86 17.25 17.32Gamesa, Spain 1090 24.55 -28 1.6 20 34.32 28.03 23.05 33.40Daifuku, Japan 1091 24.53 17 3.0 20 20.89 20.99 23.70 21.42McCormick, USA 1092 24.52 7 1.6 12 22.89 19.34 18.29 15.79Vilmorin Clause, France 1093 24.46 3 7.1 12 23.84 20.20 20.00 19.71Macdonald Dettwiler & Associates, Canada 1094 24.45 13 5.9 35 21.58 22.50 3.02 2.99Sanden, Japan 1095 24.39 12 2.1 2 21.87 20.56 20.30 18.33Cray, USA 1096 24.30 -8 20.7 37 26.29 22.00 28.21 31.41Albemarle, USA 1097 24.28 33 2.0 5 18.22 10.72 9.60 12.77GN Store Nord, Denmark 1098 24.04 -24 3.9 37 31.69 27.27 54.90 62.00Pace Micro Technology, <strong>UK</strong> 1099 23.98 12 9.5 23 21.33 27.08 36.86 33.72Daewoo Shipbuilding & Marine, South Korea 1100 23.97 43 0.9 22 16.80 32.45 18.37 9.83Juki, Japan 1101 23.94 4 3.8 19 23.02 24.83 26.73 28.28TiVo, USA 1102 23.93 9 21.0 23 21.92 12.91 12.07 15.85Altiris, USA 1103 23.90 30 21.9 35 18.34 14.21 9.67 5.74Kulicke & Soffa, USA 1103 23.90 19 7.3 37 20.16 22.70 30.84 36.54Solutia, USA 1105 23.88 3 1.5 5 23.30 26.79 22.72 33.78Rambus, USA 1106 23.87 26 26.1 37 19.01 14.16 12.99 10.60IDEXX Laboratories, USA 1107 23.85 16 6.4 18 20.62 18.83 17.08 16.56CSM, <strong>The</strong> Netherlands 1108 23.84 -13 1.3 12 27.48 27.48 24.05 n/aHercules, USA 1109 23.82 -5 2.0 5 25.05 22.72 24.46 39.03Red Hat, USA 1110 23.81 26 14.7 35 18.91 15.43 13.07 14.06Sumitomo Metal Mining, Japan 1111 23.75 12 1.0 21 21.15 18.57 20.91 17.19Stada Arzneimittel, Germany 1112 23.69 32 3.4 33 17.93 14.27 11.08 32.91Keyence, Japan 1113 23.68 13 3.4 8 20.91 19.63 17.22 n/aJenoptik, Germany 1114 23.67 8 1.8 20 21.84 21.57 20.29 19.36Nihon Kohden, Japan 1115 23.65 2 5.7 18 23.08 21.81 20.80 19.27Sud-Chemie, Germany 1116 23.64 11 3.5 5 21.23 20.00 19.47 20.94OmniVision Technologies, USA 1117 23.63 59 8.2 37 14.85 9.07 6.82 4.65Sonic Solutions, USA 1117 23.63 28 27.3 35 18.42 11.49 6.19 3.44DSP, USA 1119 23.47 25 21.5 37 18.73 14.91 11.50 15.24Lennox International, USA 1119 23.47 7 1.2 6 21.90 22.13 22.25 21.73Portal Software, USA (now part of Oracle) 1121 23.45 33 43.0 35 17.62 20.80 34.83 33.60Trizetto, USA 1121 23.45 3 13.8 35 22.72 21.98 12.76 9.55webMethods, USA 1123 23.41 -10 19.3 35 25.93 26.25 27.69 36.21Formula Systems (1985), Israel 1124 23.37 60 7.9 35 14.58 10.12 9.30 15.53Anglo American, <strong>UK</strong> 1125 23.30 -11 0.1 26 26.21 22.72 16.89 17.47United Online, USA 1125 23.30 46 7.6 35 15.99 13.43 14.43 16.04Nichias, Japan 1127 23.26 2 3.9 16 22.83 22.79 n/a n/aPlug Power, USA 1128 23.18 5 295.0 8 22.04 24.52 22.08 33.45Advanced Energy Industries, USA 1129 23.14 -23 11.8 37 30.02 30.08 28.54 26.30Hummingbird, Canada 1130 23.13 5 19.7 35 22.12 22.02 16.02 23.13Porsche, Germany 1131 23.12 -29 0.5 2 32.63 n/a n/a n/aTransaction Systems Architects, USA 1131 23.12 4 12.7 35 22.14 20.60 20.40 25.76Curtiss-Wright, USA 1133 23.11 17 3.5 1 19.70 12.88 6.77 2.55Neurochem, Canada 1134 22.99 57 >999.9 33 14.64 6.58 4.94 n/aev3, USA 1135 22.88 1 29.4 18 22.67 26.30 n/a n/aBruker Biosciences, USA 1136 22.87 -9 13.2 18 25.17 22.15 12.08 10.76Scansoft (now Nuance Communications), USA 1137 22.83 48 16.9 35 15.37 8.92 16.10 8.14Stoneridge, USA 1137 22.83 8 5.8 2 21.05 16.73 14.76 15.73SeeBeyond Technology, USA(now part of Sun Microsystems) 1139 22.79 -4 23.9 35 23.86 20.14 17.21 11.56Qiagen, <strong>The</strong> Netherlands 1140 22.78 14 9.8 33 19.90 17.22 15.95 14.70Outokumpu, Finland 1141 22.67 -20 0.5 21 28.17 32.98 32.29 28.17Aloka, Japan 1142 22.66 -14 9.9 18 26.23 24.42 24.92 24.76Inamed, USA (now part of Allergan) 1143 22.60 35 8.9 18 16.78 12.52 7.28 7.11Church & Dwight, USA 1144 22.54 17 2.2 19 19.22 15.68 15.66 12.70Eureko, <strong>The</strong> Netherlands 1144 22.54 n/a 0.3 24 n/a 1.51 0.28 7.63Industrial and Financial Systems, Sweden 1144 22.54 20 14.3 35 18.74 19.69 16.76 15.05Arbitron, USA 1147 22.46 16 12.4 25 19.40 15.05 14.40 14.06Sumco, Japan 1147 22.46 7 2.1 5 21.04 n/a n/a n/aProStrakan, <strong>UK</strong> 1149 22.43 119 70.9 33 10.26 5.12 9.26 6.62186 <strong>The</strong> <strong>2006</strong> R&D Scoreboard<strong>The</strong> <strong>2006</strong> R&D Scoreboard 187
Ranking of the <strong>top</strong> <strong>1250</strong> global <strong>companies</strong> <strong>by</strong> R&D <strong>investment</strong>Ranking of the <strong>top</strong> <strong>1250</strong> global <strong>companies</strong> <strong>by</strong> R&D <strong>investment</strong>—–––––—— 2005/06 R&D <strong>investment</strong> —–––––—— ——––––––—– Previous R&D <strong>investment</strong> ——––––––—–change sales 2004/05 2003/04 2002/03 2001/02Company Rank £m 1 yr % % Industry £m £m £m £mHeiwa, Japan 1150 22.39 0 3.5 23 22.49 22.38 18.88 16.17M-Systems Flash Disk Pioneers(now M-Systems), Israel(now part of SanDisk, USA) 1151 22.38 55 6.2 37 14.47 8.57 6.98 7.74Perrigo, USA 1151 22.38 39 3.8 33 16.15 13.58 11.59 10.27Cookson, <strong>UK</strong> 1153 22.30 -8 1.4 16 24.30 32.30 33.00 40.60Mosel Vitelic, Taiwan 1153 22.30 383 5.3 8 4.61 54.74 96.36 94.54Berna Biotech, Switzerland 1155 22.23 -4 29.5 33 23.15 22.79 17.34 n/aHarmonic, USA 1155 22.23 7 14.8 37 20.73 20.45 23.78 29.89MEMC Electronic Matrials, USA 1157 22.12 n/a 3.7 37 n/a n/a n/a n/aSecom, Japan 1158 22.06 9 0.8 36 20.18 24.69 25.27 26.29C-Cor, USA 1159 22.02 76 15.9 37 12.52 15.73 15.78 10.14GUS, <strong>UK</strong> 1160 22.00 47 0.3 17 15.00 65.00 68.00 71.10Pilkington, <strong>UK</strong>(now part of NSG <strong>UK</strong> Enterprises) 1160 22.00 -24 0.9 6 29.00 29.00 30.00 32.00Eramet, France 1162 21.99 -9 1.2 21 24.05 18.55 15.12 13.06Semtech, USA 1163 21.86 12 15.7 37 19.51 17.69 18.25 17.33Acxiom, USA 1164 21.85 5 2.8 36 20.79 27.93 31.61 10.37Amphenol, USA 1164 21.85 16 2.1 8 18.91 15.36 14.09 13.17Zarlink Semiconductor, Canada 1166 21.84 -42 21.0 37 37.98 43.74 51.72 48.64Amkor Technology, USA 1167 21.75 2 1.8 37 21.38 15.02 18.17 22.59I2 Technologies, USA 1167 21.75 -47 10.5 35 41.16 47.06 100.81 169.16Investment Technology, USA 1169 21.73 18 9.1 15 18.35 16.95 16.26 13.38Zumtobel, Austria 1170 21.65 -2 2.7 8 22.02 19.73 n/a n/aHirose Electric, Japan 1171 21.60 23 4.9 8 17.52 14.59 16.99 18.84China Steel, Taiwan 1172 21.55 14 0.4 21 18.87 17.29 15.91 15.37Hutchinson Technology, USA 1173 21.45 30 5.8 37 16.46 8.71 10.29 13.54Zambon, Italy 1174 21.30 -3 7.2 33 22.06 21.71 n/a n/aNovatek Microelectronics, Taiwan 1175 21.27 n/a 4.6 8 n/a n/a n/a n/aOptimax Technology, Taiwan 1176 21.20 18 67.4 8 18.01 n/a n/a n/aIMMSI, Italy 1177 21.18 -20 2.0 2 26.59 26.04 n/a n/aPhoton Dynamics, USA 1178 21.13 22 28.8 8 17.30 13.27 10.96 9.97Nyco, Denmark 1179 21.12 20 6.1 33 17.66 22.66 n/a n/aDatascope, USA 1180 21.09 12 10.3 18 18.91 27.94 14.98 14.21Verint Systems, USA 1181 21.06 30 14.5 35 16.20 12.89 11.26 10.78Rexam, <strong>UK</strong> 1182 21.00 62 0.6 16 13.00 16.00 20.00 28.00Tate & Lyle, <strong>UK</strong> 1182 21.00 11 0.6 12 19.00 17.00 18.00 17.00United <strong>The</strong>rapeutics, USA 1182 21.00 18 31.1 33 17.83 20.63 15.60 18.98AO Smith, USA 1185 20.97 0 2.1 8 20.91 20.15 17.71 16.08SEZ, Switzerland 1186 20.96 7 15.2 37 19.67 16.42 16.59 16.35Newport, USA 1187 20.94 38 8.7 8 15.20 10.57 14.20 17.91Kurita Water Industries, Japan 1188 20.87 -1 2.6 20 21.17 22.13 25.03 23.41Cargotec, Finland † 1189 20.85 n/a 1.2 20 n/a n/a n/a n/aSasol, South Africa 1189 20.85 -43 0.3 30 36.28 61.44 93.95 41.60Shindengen Electric Manufacturing, Japan 1191 20.81 -15 4.7 37 24.48 29.72 30.63 32.43D-Link, Taiwan 1192 20.75 -7 3.2 35 22.20 16.61 14.59 12.01Mabuchi Motor, Japan 1193 20.71 4 4.5 8 19.91 18.33 17.45 16.89Jack Henry & Associates, USA 1194 20.68 26 6.6 35 16.36 12.26 7.30 6.33Imagination Technologies, <strong>UK</strong> 1195 20.65 7 58.5 37 19.24 16.10 12.89 10.94Barilla GeR Fratelli, Italy 1196 20.61 n/a 1.2 12 n/a n/a n/a n/aNetflix, USA 1196 20.61 101 5.2 17 10.27 12.74 10.27 11.42Sudzucker, Germany 1196 20.61 9 0.6 12 18.96 17.87 17.52 15.67Ushio, Japan 1199 20.60 24 3.5 8 16.57 16.56 17.55 18.18—–––––—— 2005/06 R&D <strong>investment</strong> —–––––—— ——––––––—– Previous R&D <strong>investment</strong> ——––––––—–change sales 2004/05 2003/04 2002/03 2001/02Company Rank £m 1 yr % % Industry £m £m £m £mAccton Technology, Taiwan 1200 20.45 -14 6.3 37 23.90 18.82 19.53 14.83Micromuse, USA (now part of IBM) 1200 20.45 12 21.8 35 18.31 17.11 19.15 19.67Geron, USA 1202 20.43 17 569.6 33 17.52 14.84 18.39 16.90Gentex, USA 1203 20.42 14 6.5 2 17.96 15.50 13.38 12.05ELMOS Semiconductor, Germany 1204 20.41 15 20.2 37 17.70 16.44 13.22 11.67Inco, Canada 1205 20.39 21 0.8 21 16.89 15.73 9.90 11.65EMS-Chemie, Switzerland 1206 20.38 4 3.6 5 19.56 18.33 28.60 28.22Asyst Technologies, USA 1207 20.32 -4 5.7 37 21.19 23.33 23.34 25.78Ametek, USA 1208 20.27 36 2.4 8 14.85 13.63 13.81 13.16Finland Post, Finland 1208 20.27 51 2.2 22 13.40 15.39 13.19 14.43Hitachi Zosen, Japan 1210 20.26 0 1.2 20 20.18 26.75 31.75 28.67Silicon Integrated Systems, Taiwan 1210 20.26 3 10.1 37 19.63 29.13 36.38 33.40Tenaris, Luxembourg 1212 20.21 32 0.5 31 15.32 3.55 n/a n/aTechnip, France 1213 20.20 -11 0.5 31 22.81 22.88 25.70 12.57Makita, Japan 1214 20.16 0 2.1 19 20.17 19.03 18.49 16.95Neurogen, USA 1215 20.13 56 457.3 33 12.94 16.54 17.40 18.84Salix Pharmaceuticals, USA 1216 20.12 70 22.3 33 11.86 13.78 10.47 0.00Sanyo Chemical Industries, Japan 1216 20.12 5 4.4 5 19.18 20.45 20.39 20.44Macrovision, USA 1218 20.02 20 16.9 35 16.69 10.03 6.92 6.57SeaChange International, USA 1218 20.02 17 27.2 35 17.14 15.16 15.20 13.61Xoma, Bermuda 1220 20.01 -32 184.1 33 29.44 30.34 17.22 15.06Intracom, Greece 1221 19.98 -46 4.7 37 37.10 44.66 50.16 37.34Manhattan Associates, USA 1222 19.89 18 13.9 35 16.79 15.94 12.10 11.31Ess Technology, USA 1223 19.79 -9 18.7 37 21.82 19.33 15.71 16.28NDChealth, USA(now part of Per-Se Technologies) 1223 19.79 -3 7.2 18 20.45 21.97 11.01 10.19Terayon Communication Systems, USA 1225 19.78 -21 22.6 37 24.95 34.19 46.56 39.77CSG Systems International, USA 1226 19.77 -43 6.2 35 34.38 36.65 42.91 30.42Brembo, Italy 1227 19.74 n/a 4.0 2 n/a 7.86 6.27 7.68Coloplast, Denmark 1228 19.71 5 3.3 18 18.70 18.98 n/a n/aKomori, Japan 1229 19.68 2 3.6 20 19.21 17.57 n/a n/aGameloft, France 1230 19.58 n/a 60.8 35 n/a 2.68 0.01 0.07Indesit, Italy 1230 19.58 60 0.9 19 12.23 n/a n/a n/aSteris, USA 1232 19.57 -5 2.8 18 20.71 16.57 14.87 12.64Briggs & Stratton, USA 1233 19.51 29 1.3 19 15.09 15.38 13.81 12.52Hokkaido Electric Power, Japan 1233 19.51 -4 0.8 7 20.30 22.24 24.46 27.47Exedy, Japan 1235 19.47 -1 2.9 2 19.71 19.71 19.18 n/aOshkosh Truck, USA 1236 19.45 21 1.1 20 16.05 13.08 10.41 8.34Advent Software, USA 1237 19.44 3 19.8 35 18.79 20.73 23.08 15.98BIC, France 1237 19.44 14 2.0 19 17.00 20.71 25.10 31.55ISEKI, Japan 1237 19.44 3 2.5 20 18.86 19.06 n/a n/aDyson James, <strong>UK</strong> 1240 19.42 31 4.6 19 14.78 11.80 7.97 10.00Austriamicrosystems, Austria 1241 19.38 0 15.8 8 19.33 19.89 19.81 16.47Inter-Tel, USA 1242 19.37 15 7.5 37 16.78 12.80 11.27 10.23Vignette, USA 1243 19.35 -36 17.4 35 30.16 23.85 30.57 39.60Dialog Semiconductor, <strong>UK</strong> 1244 19.31 -3 21.5 37 19.98 21.02 22.07 19.72Micros Systems, USA 1244 19.31 22 5.5 37 15.85 10.92 11.25 11.47Universal Scientific Industrial, Taiwan 1244 19.31 10 2.1 8 17.56 14.35 9.93 7.25Avanex, USA 1247 19.29 -21 20.6 37 24.53 9.42 14.02 22.05Giga<strong>by</strong>te Technology, Taiwan 1248 19.27 22 2.3 8 15.82 12.47 12.06 n/aOMX, Sweden 1249 19.25 119 8.4 15 8.78 16.18 18.59 28.84La Poste, France <strong>1250</strong> 19.24 22 0.1 22 15.80 8.93 n/a n/a188 <strong>The</strong> <strong>2006</strong> R&D Scoreboard<strong>The</strong> <strong>2006</strong> R&D Scoreboard 189
Ranking of the <strong>top</strong> <strong>1250</strong> global <strong>companies</strong> <strong>by</strong> R&D <strong>investment</strong> <strong>by</strong> country within region–––––––––––––––––– 2005/06 R&D <strong>investment</strong> –––––––––––––––––– ——–—–– Operating profit ——–—–– ––––––––––––––––– Sales and employees ––––––––––––––––– ————––—–––—— R&D and employees ——–—––——––––—–––––––––– Sales –––––––––– ––––– Sales / employee ––––– ––––––––– Employees ––––––––– ––––– R&D / employee ––––– Sales––––– Growth ––––– operating R&D + ––––– Growth ––––– ––––– Growth ––––– –––––– Growth ––––– ––––– Growth ––––– –––––– Growth ––––– outside –––Market cap –––change change profit sales capex as change change sales change change change change change change change change region changeCompany £m 1 yr % 4 yr % % % % sales £m 1 yr % 4 yr % % £m 1 yr % 4 yr % £000 1 yr % 4 yr % number 1 yr % 4 yr % £000 1 yr % 4 yr % % £m %All <strong>companies</strong> composite 249354.87 7.0 10.4 32.9 3.6 9.9 756934 16.0 91.9 11.0 6868241 8.9 18.3 203.4 5.0 14.4 32386006 1.1 -1.6 7.4 1.3 2.7 n/a 8512210 6.11 Listed 237993.34 7 10 32.2 3.6 9.9 739061 16 94 11.2 6618197 9 19 207.8 5 15 30541242 1 -1 7.5 1 3 n/a 8512210 62 Private 11361.54 5 11 63.6 4.5 9.8 17873 13 41 7.1 250045 6 7 129.6 4 6 1844764 0 -17 5.9 3 -8 n/a n/l n/lAll <strong>companies</strong> composite 249354.87 7.0 10.4 32.9 3.6 9.9 756934 16.0 91.9 11.0 6868241 8.9 18.3 203.4 5.0 14.4 32386006 1.1 -1.6 7.4 1.3 2.7 n/a 8512210 6.11 Sales over £5,000m 179679.03 6 10 28.2 3.2 9.5 637679 16 81 11.4 5606459 9 19 222.8 5 15 24304001 1 -1 7.1 0 1 n/a 6360954 52 Sales over £500m up to £5,000m 56480.84 9 11 48.1 4.8 10.9 117501 13 92 9.9 1181985 9 15 146.5 7 13 7499335 0 -3 7.1 5 8 n/a 1934738 83 Sales up to £500m 13195.01 10 11 752.3 16.5 21.3 1754 596 n/m 2.2 79798 8 16 126.5 3 11 582670 4 1 21.6 0 5 n/a 216518 n/a190 <strong>The</strong> <strong>2006</strong> R&D Scoreboard<strong>The</strong> <strong>2006</strong> R&D Scoreboard 191
Ranking of the <strong>top</strong> <strong>1250</strong> global <strong>companies</strong> <strong>by</strong> R&D intensity within listing status–– 2005/06 R&D <strong>investment</strong> –– –– 2005/06 R&D <strong>investment</strong> –– –– 2005/06 R&D <strong>investment</strong> ––sales sales salesCompany £m % Company £m % Company £m %1 FT <strong>Global</strong> 500 150887.48 3.4Biogen Idec, USA 435.50 30.9Electronic Arts, USA 441.52 25.7Broadcom, USA 378.98 24.4Eli Lilly, USA 1762.29 20.7Advanced Micro Devices, USA 666.37 19.6Schering-Plough, USA 1086.32 19.6Adobe Systems, USA 212.80 18.6Amgen, USA 1347.86 18.6Qualcomm, USA 588.89 17.8Genzyme, USA 281.04 17.6Merck, USA 2241.38 17.5STMicroelectronics, <strong>The</strong> Netherlands 905.17 17.5Ericsson, Sweden 1875.74 16.9Symantec, USA 397.32 16.5Roche, Switzerland 2521.44 16.1Sun Microsystems, USA 1039.73 16.1Novo Nordisk, Denmark 468.41 15.1Novartis, Switzerland 2822.69 15.0Texas Instruments, USA 1173.70 15.0Microsoft, USA 3835.04 14.9Sanofi-Aventis, France 2778.62 14.8Wyeth, USA 1601.46 14.7GlaxoSmithKline, <strong>UK</strong> 3136.00 14.5Pfizer, USA 4334.81 14.5Bristol-Myers Squibb, USA 1599.49 14.3AstraZeneca, <strong>UK</strong> 1968.20 14.1Gilead Sciences, USA 161.77 13.7Alcatel, France 1231.28 13.6Applied Materials, USA 547.83 13.5Cisco Systems, USA 1935.00 13.4Intel, USA 2996.86 13.3BAE Systems, <strong>UK</strong> 1449.00 13.2Yamanouchi Pharmaceutical(now Astellas Pharma), Japan 290.39 13.2Oracle, USA 1090.40 13.0SAP, Germany 748.00 12.8Takeda Pharmaceutical, Japan 698.09 12.6Johnson & Johnson, USA 3676.61 12.5EMC, USA 682.62 12.1Nokia, Finland 2733.27 11.6Yahoo!, USA 342.22 11.2Boston Scientific, USA 396.09 10.8Agilent Technologies, USA 429.87 10.6Motorola, USA 2143.52 10.0Medtronic, USA 648.24 9.9eBay, USA 212.77 9.8Google, USA 349.20 9.8Corning, USA 258.04 9.7Monsanto, USA 342.50 9.3Denso, Japan 1175.76 8.5Abbott Laboratories, USA 1060.80 8.2Philips Electronics, <strong>The</strong> Netherlands 1605.74 7.7Sony, Japan 2624.49 7.7Canon, Japan 1413.80 7.6Automatic Data Processing, USA 363.53 7.3Teva Pharmaceutical Industries, Israel 214.88 7.0Bayer, Germany 1295.86 6.9EADS, <strong>The</strong> Netherlands 1626.36 6.9Fuji Photo Film, Japan 898.96 6.8Samsung Electronics, South Korea 3169.30 6.8Siemens, Germany 3541.98 6.8BMW, Germany 2140.31 6.7Matsushita Electric, Japan 2787.28 6.4Toshiba, Japan 1717.48 6.0IBM, USA 3132.57 5.9Sharp, Japan 731.03 5.8Stryker, USA 162.98 5.7Renault, France 1555.59 5.6Baxter International, USA 310.46 5.4Honda Motor, Japan 2308.44 5.4Zimmer, USA 102.23 5.3Taiwan Semiconductor Manufacturing, Taiwan 248.59 5.2EI du Pont de Nemours, USA 778.19 5.0Fujitsu, Japan 1185.53 5.0Mitsubishi Heavy, Japan 612.07 4.8Danaher, USA 220.76 4.7Fanuc, Japan 74.70 4.6Kyocera, Japan 268.46 4.6Nissan Motor, Japan 1964.92 4.6Schneider, France 372.48 4.6Volvo, Sweden 772.97 4.4Continental, Germany 405.66 4.3Hitachi, Japan 1999.13 4.3Volkswagen, Germany 2799.92 4.3Toyota Motor, Japan 3726.77 4.1Boeing, USA 1284.37 4.0Hewlett-Packard, USA 2032.85 4.0Hyundai Motor, South Korea 1362.30 4.0Nintendo, Japan 101.24 4.0Honeywell, USA 624.42 3.93M, USA 464.82 3.8Apple Computer, USA 311.04 3.8DaimlerChrysler, Germany 3881.41 3.8Mitsubishi Electric, Japan 644.24 3.8BT, <strong>UK</strong> 727.00 3.7Hoya, Japan 54.07 3.6LG Philips LCD, South Korea 210.58 3.6Schlumberger, USA 294.45 3.5L'Oreal, France 340.94 3.4Procter & Gamble, USA 1130.01 3.4TeliaSonera, Sweden 210.42 3.3ABB, Switzerland 427.54 3.2Deere, USA 394.51 3.2United Technologies, USA 796.25 3.2Bridgestone, Japan 391.93 3.0Caterpillar, USA 631.41 3.0Komatsu, Japan 247.80 3.0Fiat, Italy 905.59 2.9NTT, Japan 1569.74 2.9Lockheed Martin, USA 606.94 2.8Shin-Etsu Chemical, Japan 157.94 2.8Henkel, Germany 222.62 2.7Baker Hughes, USA 109.62 2.6BASF, Germany 746.39 2.5Weatherford International, USA 62.54 2.5Atlas Copco, Sweden 92.29 2.4SK Telecom, South Korea 146.09 2.4Telstra, Australia 235.87 2.4Unilever, <strong>UK</strong> 654.80 2.4Dow Chemical, USA 625.00 2.3General Electric, USA 1994.99 2.3Raytheon, USA 292.99 2.3Colgate-Palmolive, USA 143.47 2.2Vale Do Rio Doce, Brazil 161.35 2.2Asahi Glass, Japan 156.47 2.1Kimberly-Clark, USA 186.10 2.0Reed Elsevier, <strong>UK</strong> 102.00 2.0Tyco International, Bermuda 486.95 2.0Emerson Electric, USA 176.49 1.8Kellogg, USA 105.43 1.8Northrop Grumman, USA 313.37 1.8Vivendi Universal (now Vivendi), France 233.61 1.7General Dynamics, USA 200.37 1.6Nestle, Switzerland 662.51 1.6Banca Intesa, Italy 96.88 1.5France Telecom, France 491.96 1.5General Mills, USA 100.77 1.5Korea Electric Power, South Korea 225.20 1.5Reckitt Benckiser, <strong>UK</strong> 63.00 1.5Accenture, Bermuda 141.80 1.4Chunghwa Telecom, Taiwan 45.78 1.4L'Air Liquide, France 96.95 1.4Sanpaolo IMI, Italy 71.46 1.4Telefonica, Spain 373.78 1.4JFE, Japan 183.55 1.3Royal Bank of Scotland, <strong>UK</strong> 329.00 1.3Standard Chartered, <strong>UK</strong> 51.26 1.3Danske Bank, Denmark 38.23 1.2Sumitomo Metal Industries, Japan 72.71 1.2Alcan, Canada 132.22 1.1Halliburton, USA 140.38 1.1Altria, USA 549.28 1.0Hon Hai Precision Industry, Taiwan 154.90 1.0Illinois Tool Works, USA 74.48 1.0Praxair, USA 46.60 1.0Telenor, Norway 60.99 1.0Danone, France 85.89 0.9Japan Tobacco, Japan 200.08 0.9Kansai Electric Power, Japan 113.61 0.9POSCO, South Korea 130.01 0.9Saint-Gobain, France 209.56 0.9Cadbury Schweppes, <strong>UK</strong> 58.00 0.8Chubu Electric Power, Japan 79.07 0.8Dell, USA 269.69 0.8Dexia, Belgium 32.98 0.8Electricite de France, France 276.21 0.8AlCoA, USA 113.00 0.7BAT, <strong>UK</strong> 66.00 0.7Deutsche Telekom, Germany 297.51 0.7HSBC, <strong>UK</strong> 244.64 0.7Petroleo Brasiliero, Brazil 232.41 0.7Tokyo Electric Power, Japan 173.62 0.7Bouygues, France 94.13 0.6CNOOC, China 28.99 0.6East Japan Railway, Japan 76.89 0.6Swisscom, Switzerland 24.75 0.6Telecom Italia, Italy 123.68 0.6TOTAL, France 464.48 0.6Vodafone, <strong>UK</strong> 206.00 0.6Alltel, USA 27.49 0.5Gazprom, Russia 132.63 0.5Phelps Dodge, USA 28.31 0.5Tenaris, Luxembourg 20.21 0.5Arcelor, Luxembourg 94.82 0.4Barclays, <strong>UK</strong> 68.00 0.4Deutsche Post, Germany 120.24 0.4Federated Department Stores, USA 51.26 0.4KDDI, Japan 54.10 0.4Norsk Hydro, Norway 61.59 0.4Christian Dior, France 26.11 0.3ENI, Italy 138.79 0.3Gaz De France, France 50.16 0.3GUS, <strong>UK</strong> 22.00 0.3International Paper, USA 36.70 0.3Lafarge, France 37.79 0.3McKesson, USA 165.42 0.3Old Mutual, <strong>UK</strong> 40.00 0.3192 <strong>The</strong> <strong>2006</strong> R&D Scoreboard<strong>The</strong> <strong>2006</strong> R&D Scoreboard 193
Ranking of the <strong>top</strong> <strong>1250</strong> global <strong>companies</strong> <strong>by</strong> R&D intensity within listing status–– 2005/06 R&D <strong>investment</strong> –– –– 2005/06 R&D <strong>investment</strong> –– –– 2005/06 R&D <strong>investment</strong> ––sales sales salesCompany £m % Company £m % Company £m %RWE, Germany 87.26 0.3Sasol, South Africa 20.85 0.3Statoil, Norway 91.70 0.3Tesco, <strong>UK</strong> 115.00 0.3Time Warner, USA 71.65 0.3Weyerhaeuser, USA 35.53 0.3BP, <strong>UK</strong> 292.40 0.2Cardinal Health, USA 68.27 0.2Chevron, USA 184.06 0.2Exxon Mobil, USA 414.73 0.2Mitsui, Japan 27.87 0.2Royal Dutch Shell, <strong>UK</strong> 342.50 0.2Suez, France 58.27 0.2Veolia Environnement, France 43.22 0.2Anglo American, <strong>UK</strong> 23.30 0.1ConocoPhillips, USA 72.81 0.1Repsol YPF, Spain 43.29 0.1Sprint Nextel, USA 27.38 0.12 Listed 87105.86 3.9Alexion Pharmaceuticals, USA 52.61 >999.9Nuvelo, USA 33.65 >999.9Antigenics, USA 27.42 >999.9Ariad Pharmaceuticals, USA 26.75 >999.9Cell Genesys, USA 53.82 >999.9Incyte, USA 55.70 >999.9Human Genome Sciences, USA 122.09 >999.9<strong>The</strong>ravance, USA 73.54 >999.9Neurochem, Canada 22.99 >999.9NPS Pharmaceuticals, USA 60.94 815.8CV <strong>The</strong>rapeutics, USA 63.78 577.8Geron, USA 20.43 569.6GPC Biotech, Germany 31.84 496.1Neurogen, USA 20.13 457.3Encysive Pharmaceuticals, USA 36.99 453.4Genmab, Denmark 40.69 448.4Cell <strong>The</strong>rapeutics, USA 40.06 427.3Plug Power, USA 23.18 295.0Medarex, USA 79.13 264.0CuraGen, USA 35.13 256.3Basilea Pharmaceuticals, Switzerland 32.00 237.4Flamel Technologies, France 27.55 200.5Vernalis, <strong>UK</strong> 26.49 187.5Exelixis, USA 82.21 185.8Xoma, Bermuda 20.01 184.1Biomarin Pharmaceutical, USA 25.49 170.5deCODE genetics, Iceland 33.33 156.0Regeneron Pharmaceuticals, USA 60.07 155.8Ballard Power Systems, Canada 43.97 140.5Isis Pharmaceuticals, USA 31.37 134.2Idenix Pharmaceuticals, USA 50.26 133.3Tanox, USA 27.90 107.2ICOS, USA 37.92 91.2Acambis, <strong>UK</strong> 34.50 84.4Neurocrine Biosciences, USA 56.76 78.7Midway Games, USA 63.34 72.5OSI Pharmaceuticals, USA 73.37 72.3ProStrakan, <strong>UK</strong> 22.43 70.9Optimax Technology, Taiwan 21.20 67.4Vertex Pharmaceuticals, USA 63.05 67.3Sycamore Networks, USA 25.33 66.5Mindspeed Technologies, USA 41.56 63.8Zeltia, Spain 31.39 63.4Nabi Biopharmaceuticals, USA 38.93 61.9Protein Design Labs(now PDL Biopharma), USA 100.21 61.5Gameloft, France 19.58 60.8Imagination Technologies, <strong>UK</strong> 20.65 58.5Myriad Genetics, USA 28.05 58.4Millennium Pharmaceuticals, USA 185.64 57.1InterMune, USA 48.19 56.3Amylin Pharmaceuticals, USA 45.65 55.8Nektar <strong>The</strong>rapeutics, USA 40.81 55.5Elan, Ireland 136.18 54.7Vitesse Semiconductor, USA 59.09 53.2LTX, USA 38.62 49.3Applied Micro Circuits, USA 71.10 48.1TTP Communications, <strong>UK</strong> 29.50 47.6Lattice Semiconductor, USA 55.58 45.2Medicines, USA 37.51 42.9SkyePharma, <strong>UK</strong> 26.00 42.4PMC-Sierra, USA 69.15 40.7Cubist Pharmaceuticals, USA 28.52 40.6Interdigital Communications, USA 36.75 38.7Redback Networks, USA 33.98 38.1Conexant Systems, USA 156.10 37.1Toyama Chemical, Japan 28.44 36.1ARM, <strong>UK</strong> 80.27 34.5Synopsys, USA 186.39 32.3Ciena, USA 79.94 32.1Cadence Design Systems, USA 246.59 31.8United <strong>The</strong>rapeutics, USA 21.00 31.1MedImmune, USA 224.02 30.9Mentor Graphics, USA 123.88 30.2Pixelworks, USA 30.18 30.2Berna Biotech, Switzerland 22.23 29.5ev3, USA 22.88 29.4Cephalon, USA 206.68 29.3Photon Dynamics, USA 21.13 28.8Magma Design Automation, USA 26.76 28.0Celgene, USA 87.08 27.8Dassault Systemes, France 177.93 27.7Agere Systems, USA 269.11 27.6Sonic Solutions, USA 23.63 27.3SeaChange International, USA 20.02 27.2Actel, USA 28.06 26.9QLT, Canada 31.57 26.2Rambus, USA 23.87 26.1Schwarz Pharma, Germany 177.91 26.1Atheros Communications, USA 27.84 26.0Alkermes, USA 25.15 25.9Actelion, Switzerland 75.78 25.8Cypress Semiconductor, USA 132.08 25.6MGI PHARMA, USA 41.29 25.4Comverse Technology, USA 140.29 25.1Openwave Systems, USA 55.33 24.8Wind River Systems, USA 38.18 24.6Integrated Device Technology, USA 74.32 24.2Kudelski, Switzerland 73.17 24.1Retalix, Israel 26.03 23.8Silicon Laboratories, USA 58.96 23.8Sonus Networks, USA 27.02 23.8Cerner, USA 159.59 23.6Serono, Switzerland 354.09 23.5Electronics For Imaging, USA 63.80 23.4Sigmatel, USA 44.24 23.4Tekelec, USA 73.20 23.4Cirrus Logic, USA 26.27 23.3SPSS, USA 31.71 23.1Brocade Communications, USA 76.27 22.8Terayon Communication Systems, USA 19.78 22.6Zoran, USA 51.86 22.5Bookham, USA 26.11 22.4Salix Pharmaceuticals, USA 20.12 22.3Altiris, USA 23.90 21.9RF Micro Devices, USA 98.36 21.9Realnetworks, USA 41.20 21.8Credence Systems, USA 53.90 21.6Dialog Semiconductor, <strong>UK</strong> 19.31 21.5DSP, USA 23.47 21.5Emulex, USA 46.58 21.3Affymetrix, USA 45.38 21.2Ono Pharmaceutical, Japan 151.19 21.1Silicon Image, USA 26.13 21.1Sybase, USA 100.72 21.1TiVo, USA 23.93 21.0Zarlink Semiconductor, Canada 21.84 21.0Analog Devices, USA 289.55 20.8Borland Software, USA 33.60 20.8Aspen Technology, USA 32.49 20.7Cray, USA 24.30 20.7LSI Logic, USA 231.43 20.7Teradyne, USA 129.90 20.7Avanex, USA 19.29 20.6JDA Software, USA 25.83 20.6CA, USA 454.92 20.5Freescale Semiconductor, USA 696.06 20.5Winbond Electronic, Taiwan 103.65 20.4ELMOS Semiconductor, Germany 20.41 20.2RSA Security, USA 36.42 20.2UCB, Belgium 351.11 20.2Mercury Computer Systems, USA 29.17 20.0Advent Software, USA 19.44 19.8Autodesk, USA 175.68 19.8Hummingbird, Canada 23.13 19.7Intersil, USA 68.88 19.7Maxim Integrated Products, USA 191.15 19.6Pharmion, USA 25.01 19.4webMethods, USA 23.41 19.3Kyorin Pharmaceutical (now Kyorin), Japan 62.67 19.2S1, USA 26.60 19.2Skyworks Solutions, USA 88.66 19.2UBIsoft Entertainment, France 70.83 19.2Lundbeck, Denmark 159.72 19.1Axcelis Technologies, USA 41.30 19.0Xilinx, USA 189.96 18.9Eclipsys, USA 41.90 18.8Altera, USA 122.18 18.7Ess Technology, USA 19.79 18.7ImClone Systems, USA 41.88 18.7Marvell Technology, Bermuda 182.24 18.7Schering, Germany (now part of Bayer) 679.54 18.6Lawson Software, USA 36.21 18.5Novellus Systems, USA 144.06 18.5Infineon Technologies, Germany 854.06 18.4McData, USA 65.84 18.4Quest Software, USA 51.19 18.4Ipsen, France 99.23 18.3Standard Microsystems, USA 33.94 18.3Take-Two Interactive Software, USA 128.29 18.3Tellabs, USA 200.37 18.3FileNET, USA 44.36 18.1Micronas Semiconductor, Switzerland 67.49 18.1BMC Software, USA 156.86 18.0Micrel, USA 26.25 18.0Shire, <strong>UK</strong> 167.26 18.0Applera, USA 192.65 17.9McAfee, USA 102.72 17.9194 <strong>The</strong> <strong>2006</strong> R&D Scoreboard<strong>The</strong> <strong>2006</strong> R&D Scoreboard 195
Ranking of the <strong>top</strong> <strong>1250</strong> global <strong>companies</strong> <strong>by</strong> R&D intensity within listing status–– 2005/06 R&D <strong>investment</strong> –– –– 2005/06 R&D <strong>investment</strong> –– –– 2005/06 R&D <strong>investment</strong> ––sales sales salesCompany £m % Company £m % Company £m %Realtek Semiconductor, Taiwan 34.78 17.9National Instruments, USA 58.97 17.7Nortel Networks, Canada 1081.08 17.6Sepracor, USA 84.17 17.6AMIS, USA 50.91 17.4Medicis Pharmaceutical, USA 38.26 17.4National Semiconductor, USA 193.97 17.4Vignette, USA 19.35 17.4Analogic, USA 36.75 17.3Juniper Networks, USA 207.02 17.2Genesis Microchip, USA 26.73 17.0Allergan, USA 227.75 16.9Macrovision, USA 20.02 16.9Scansoft (now Nuance Communications), USA 22.83 16.9Novell, USA 116.86 16.8Cymer, USA 37.29 16.7Pantech, South Korea 63.18 16.7Renishaw, <strong>UK</strong> 29.30 16.7Atmel, USA 161.12 16.5Intuit, USA 196.06 16.5Kos Pharmaceuticals, USA 71.78 16.4Parametric Technology, USA 68.89 16.4SEI Investments, USA 73.80 16.4Tibco Software, USA 42.60 16.4Kla-Tencor, USA 198.20 16.3Kissei Pharmaceutical, Japan 48.82 16.2Tanabe Seiyaku, Japan 137.14 16.2Extreme Networks, USA 35.69 16.0C-Cor, USA 22.02 15.9Cabot Microelectronics, USA 25.05 15.9Informatica, USA 24.81 15.9Austriamicrosystems, Austria 19.38 15.8Polycom, USA 53.29 15.8Tektronix, USA 95.22 15.8Macronix International, Taiwan 51.56 15.7Open Text, Canada 37.94 15.7Semtech, USA 21.86 15.7Finmeccanica, Italy 1199.67 15.6Nippon Shinyaku, Japan 41.85 15.6Progress Software, USA 36.74 15.6Msc Software, USA 27.53 15.5Adaptec, USA 35.47 15.4Avocent, USA 33.13 15.4TriQuint Semiconductor, USA 27.21 15.3BEA Systems, USA 106.16 15.2Qlogic, USA 52.28 15.2SEZ, Switzerland 20.96 15.2Business Objects, France 94.68 15.1ECI Telecom, Israel 55.51 15.1Intentia International, Sweden 32.86 15.1Gen-Probe, USA 26.80 15.0Lucent Technologies, USA 820.71 14.9Orbotech, Israel 33.04 14.9Harmonic, USA 22.23 14.8Hyperion Solutions, USA 60.64 14.8Nvidia, USA 205.09 14.8Shionogi, Japan 145.14 14.8Webex Communications, USA 26.63 14.8ATI Technologies, Canada 190.48 14.7Biosite, USA 24.59 14.7Eisai, Japan 386.55 14.7Forest Laboratories, USA 239.07 14.7Red Hat, USA 23.81 14.7Veeco Instruments, USA 35.17 14.7Ariba, USA 27.50 14.63Com, USA 55.09 14.5Par Pharmaceutical Companies, USA 36.67 14.5Verint Systems, USA 21.06 14.5Avid Technology, USA 64.85 14.4IBS, Sweden 24.81 14.3Industrial and Financial Systems, Sweden 22.54 14.3ALTANA, Germany 319.47 14.2Finisar, USA 30.23 14.2Infogrames Entertainment, France 58.88 14.2FEI, USA 34.87 14.0ASM International, <strong>The</strong> Netherlands 69.17 13.9Leica Geosystems, Switzerland 47.63 13.9Manhattan Associates, USA 19.89 13.9Marconi (now Telent), <strong>UK</strong> 186.00 13.9Trizetto, USA 23.45 13.8Internet Security Systems, USA 26.32 13.7MediaTek, Taiwan 128.21 13.7Valeant Pharmaceuticals, USA 66.26 13.7Santen Pharmaceutical, Japan 62.28 13.6Brooks Automation, USA 36.56 13.5Spirent (now Spirent Communications), <strong>UK</strong> 62.80 13.5Bang & Olufsen, Denmark 46.22 13.4BioMerieux, France 89.80 13.2Bruker Biosciences, USA 22.87 13.2Compuware, USA 92.51 13.2JDS Uniphase, USA 54.58 13.2ASML, <strong>The</strong> Netherlands 226.06 13.0WMS Industries, USA 29.30 13.0Lam Research, USA 113.07 12.9Quantum, USA 62.56 12.9Varian Semiconductor Equipment, USA 45.24 12.9Aeroflex, USA 35.76 12.8Cognos, Canada 61.71 12.8Foundry Networks, USA 29.88 12.7Silicon Graphics, USA 54.00 12.7St Jude Medical, USA 215.07 12.7Transaction Systems Architects, USA 23.12 12.7Novozymes, Denmark 73.05 12.6Anritsu, Japan 51.89 12.5Dr Reddy's Laboratories, India 29.73 12.5Linear Technology, USA 76.56 12.5Arbitron, USA 22.46 12.4CSR, <strong>UK</strong> 35.15 12.4Micron Technology, USA 351.64 12.4Samsung Electro-Mechanics, South Korea 159.63 12.4Barr Pharmaceuticals, USA 74.78 12.3ADTRAN, USA 36.50 12.2Intergraph, USA 40.81 12.1Merck, Germany 489.90 12.1Citrix Systems, USA 63.31 12.0Hamamatsu Photonics, Japan 43.66 12.0Advanced Energy Industries, USA 23.14 11.8Filtronic, <strong>UK</strong> 31.08 11.8Network Appliance, USA 141.54 11.8Silicon Storage Technology, USA 28.56 11.4Coherent, USA 33.52 11.1Ingenico, France 33.42 11.1Advantest, Japan 129.70 11.0Cree, USA 24.91 11.0MKS Instruments, USA 32.57 11.0CheckFree, USA 48.08 10.9Trimble Navigation, USA 49.09 10.9Endo Pharmaceuticals, USA 51.44 10.8I2 Technologies, USA 21.75 10.5Sage, <strong>UK</strong> 81.61 10.5Pliva, Croatia 70.40 10.4Sunplus Technology, Taiwan 50.18 10.4Thq, USA 49.07 10.4Barco, Belgium 50.38 10.3Datascope, USA 21.09 10.3Inventec Appliances, Taiwan 36.95 10.3Fair Isaac, USA 47.35 10.2Microchip Technology, USA 55.29 10.2Chr Hansen (now ALK-Abello), Denmark 40.72 10.1FLIR Systems, USA 30.01 10.1Silicon Integrated Systems, Taiwan 20.26 10.1Syngenta, Switzerland 478.80 10.1Dainippon Pharmaceutical(now Dainippon Sumitomo Pharmaceutical), Japan 86.09 10.0Aloka, Japan 22.66 9.9Edwards Lifesciences, USA 57.67 9.9Kronos, USA 29.91 9.9Reynolds and Reynolds, USA 55.92 9.9Software, Germany 29.68 9.9FastWeb, Italy 64.87 9.8Qiagen, <strong>The</strong> Netherlands 22.78 9.8Aastra Technologies, Canada 25.40 9.7Bio-Rad Laboratories, USA 67.05 9.7Certegy(now Fidelity National Information), USA 66.11 9.7United Microelectronics, Taiwan 170.86 9.6Pace Micro Technology, <strong>UK</strong> 23.98 9.5Advanced Digital Information, USA 24.75 9.4Kyowa Hakko Kogyo, Japan 162.25 9.3ProMOS Technologies, Taiwan 48.95 9.3Disco, Japan 31.35 9.2Ranbaxy Laboratories, India 63.74 9.2Unaxis, Switzerland 65.41 9.2Investment Technology, USA 21.73 9.1Misys, <strong>UK</strong> 89.70 9.1ZTE, China 141.44 9.1Activision, USA 76.76 9.0International Flavors & Fragrances, USA 104.74 9.0Alliance Gaming(now Bally Technologies), USA 25.26 8.9International Rectifier, USA 61.09 8.9Arris, USA 35.03 8.8Beru, Germany † 24.79 8.8Rohm, Japan 159.62 8.8Verifone, USA 24.87 8.8Check Point Software Technologies, Israel 29.44 8.7Newport, USA 20.94 8.7Nanya Technology, Taiwan 76.43 8.6Palm, USA 79.19 8.6UTStarcom, USA 147.45 8.6Beckman Coulter, USA 121.68 8.5Dade Behring, USA 82.42 8.5Sysmex, Japan 32.12 8.5Itron, USA 27.10 8.4Kaken Pharmaceutical, Japan 30.95 8.4OMX, Sweden 19.25 8.4Plantronics, USA 36.58 8.4SanDisk, USA 113.47 8.4Dassault Aviation, France 195.52 8.3Invitrogen, USA 57.84 8.3Pantech & Curitel, South Korea 81.34 8.3Taisho Pharmaceutical, Japan 114.60 8.3Japan Radio, Japan 92.61 8.2OmniVision Technologies, USA 23.63 8.2Aruze, Japan 28.96 8.1Leapfrog Enterprises, USA 30.49 8.1Mylan Laboratories, USA 59.45 8.1Omron, Japan 244.00 8.1196 <strong>The</strong> <strong>2006</strong> R&D Scoreboard<strong>The</strong> <strong>2006</strong> R&D Scoreboard 197
Ranking of the <strong>top</strong> <strong>1250</strong> global <strong>companies</strong> <strong>by</strong> R&D intensity within listing status–– 2005/06 R&D <strong>investment</strong> –– –– 2005/06 R&D <strong>investment</strong> –– –– 2005/06 R&D <strong>investment</strong> ––sales sales salesCompany £m % Company £m % Company £m %Pioneer, Japan 313.10 8.1Sega Sammy, Japan 205.25 8.1William Demant, Denmark 35.24 8.1Avaya, USA 229.50 8.0Formula Systems (1985), Israel 23.37 7.9Givaudan, Switzerland 97.23 7.9BE Aerospace, USA 38.21 7.8Valeo, France 535.25 7.8Murata Manufacturing, Japan 162.10 7.7Recordati, Italy 30.89 7.7Research In Motion, Canada 91.82 7.6United Online, USA 23.30 7.6Watson Pharmaceuticals, USA 72.96 7.6Inter-Tel, USA 19.37 7.5Yokogawa Electric, Japan 143.11 7.5Gedeon Richter, Hungary 34.35 7.4ON Semiconductor, USA 54.58 7.4Powerwave Technologies, USA 35.55 7.4Sartorius, Germany 24.58 7.4Tokyo Seimitsu, Japan 31.09 7.4Bausch & Lomb, USA 94.65 7.3Garmin, Cayman Islands 43.62 7.3Harman International Industries, USA 129.66 7.3Kulicke & Soffa, USA 23.90 7.3Legrand, France 163.94 7.3Pentax, Japan 48.34 7.3Phonak, Switzerland 27.86 7.3Akebono Brake Industry, Japan 47.15 7.2Krka, Slovenia 27.57 7.2Oce, <strong>The</strong> Netherlands 132.41 7.2Amdocs, <strong>UK</strong> 84.14 7.1Indra Sistemas, Spain 59.02 7.1Komag, USA 28.47 7.1Nippon Kayaku, Japan 46.87 7.1Rockwell Collins, USA 141.54 7.1Vilmorin Clause, France 24.46 7.1Axalto (now Gemalto), <strong>The</strong> Netherlands 40.21 7.0Glory, Japan 64.39 6.9Heidelberger Druckmaschinen, Germany 169.57 6.9Sanken Electric, Japan 52.97 6.9Tokyo Electron, Japan 216.60 6.9Japan Aviation Electronics Industry, Japan 39.09 6.8Spectris, <strong>UK</strong> 44.90 6.8Unisys, USA 226.93 6.8Advanced Medical Optics, USA 35.91 6.7Creative Technology, Singapore 47.95 6.7Elbit Systems, Israel 41.88 6.7Millipore, USA 38.47 6.7Semiconductor Manufacturing, China 45.94 6.7Dragerwerk, Germany 74.45 6.6Jack Henry & Associates, USA 20.68 6.6Sorin, Italy 34.12 6.6Western Digital, USA 138.92 6.6Zebra Technologies, USA 26.79 6.6Biovail, Canada 35.23 6.5CR Bard, USA 66.75 6.5Gentex, USA 20.42 6.5Parexel International, USA 25.28 6.5Tokyo Ohka Kogyo, Japan 28.62 6.5AKZO Nobel, <strong>The</strong> Netherlands 575.10 6.4Amazon.com, USA 315.12 6.4Cae, Canada 35.41 6.4IDEXX Laboratories, USA 23.85 6.4Ishihara Sangyo Kaisha, Japan 30.48 6.4Lexmark, USA 195.95 6.4Accton Technology, Taiwan 20.45 6.3Eastman Kodak, USA 519.57 6.3Tsumura, Japan 26.51 6.3Varian, USA 31.42 6.3Autoliv, Sweden 224.72 6.2CSG Systems International, USA 19.77 6.2Konica Minolta, Japan 325.69 6.2ADC Telecommunications, USA 41.71 6.1Agfa-Gevaert, Belgium 138.79 6.1Horiba, Japan 27.82 6.1Newmarket, USA 38.09 6.1TCL Communication Technology, Hong Kong 26.05 6.1Unova (now Intermec), USA 38.74 6.1USEC, USA 55.04 6.1Gemplus International, Luxembourg(now part of Gemalto, <strong>The</strong> Netherlands) 38.38 6.0NGK Spark Plug, Japan 70.87 6.0Sumitomo Chemical, Japan 385.97 6.0Symbol Technologies, USA 61.34 6.0Terumo, Japan 67.80 6.0Woodward Governor, USA 29.12 6.0Macdonald Dettwiler & Associates, Canada 24.45 5.9Neopost, France 33.60 5.9Olympus, Japan 235.51 5.9Varian Medical Systems, USA 47.80 5.9Hutchinson Technology, USA 21.45 5.8International Game Technology, USA 80.62 5.8Ricoh, Japan 544.77 5.8Stoneridge, USA 22.83 5.8<strong>The</strong>rmo Electron, USA 88.99 5.8Waters, USA 38.97 5.8Asyst Technologies, USA 20.32 5.7Bobst, Switzerland 40.26 5.7EPCOS, Germany 48.30 5.7NEC, Japan 1358.88 5.7Nihon Kohden, Japan 23.65 5.7Verisign, USA 55.53 5.7Hospira, USA 80.87 5.6Hynix Semiconductor, South Korea 190.92 5.6Toyoda Gosei, Japan 120.92 5.6Andrew, USA 62.82 5.5Mettler-Toledo International, Switzerland 47.70 5.5Micros Systems, USA 19.31 5.5Synthes, Switzerland 66.89 5.5TDK, Japan 179.38 5.5Fairchild Semiconductor, USA 45.20 5.4SAFRAN, France 322.94 5.4Cooper Companies, USA 24.98 5.3CSL, Australia 62.27 5.3Expedia, USA 65.40 5.3Grammer, Germany 31.01 5.3Koito Manufacturing, Japan 94.76 5.3Mosel Vitelic, Taiwan 22.30 5.3NCR, USA 185.81 5.3Nidec, Japan 127.91 5.3Nikon, Japan 165.63 5.3Nissan Chemical Industries, Japan 42.61 5.3Rolls-Royce, <strong>UK</strong> 352.00 5.3Sanyo Electric, Japan 650.59 5.3SMC, Japan 73.78 5.3Solvay, Belgium 327.74 5.3Wacker-Chemie, Germany 100.93 5.3Aisin Seiki, Japan 471.53 5.2DST Systems, USA 76.19 5.2JSR, Japan 79.11 5.2Molex, USA 77.82 5.2Netflix, USA 20.61 5.2Yamaha Motor, Japan 353.44 5.2Aristocrat Leisure, Australia 28.11 5.1PerkinElmer, USA 50.89 5.1Becton Dickinson, USA 158.22 5.0Esterline Technologies, USA 24.60 5.0Haldex, Sweden 27.59 5.0JM Voith, Germany 122.99 5.0Kureha Chemical Industry(now Kureha), Japan 31.87 5.0Meggitt, <strong>UK</strong> 30.77 5.0Respironics, USA 26.58 5.0Reuters, <strong>UK</strong> 121.00 5.0Shimano, Japan 41.69 5.0Goodrich, USA 155.46 4.9Hasbro, USA 87.71 4.9Hirose Electric, Japan 21.60 4.9Krones, Germany 56.75 4.9Logitech International, Switzerland 51.23 4.9Sumitomo Bakelite, Japan 54.50 4.9Thales, France 346.02 4.9Xerox, USA 439.77 4.9Delta Electronics, Taiwan 68.19 4.8Deutz, Germany 43.29 4.8Nippon Shokubai, Japan 47.03 4.8Smith & Nephew, <strong>UK</strong> 67.00 4.8Smiths, <strong>UK</strong> 143.60 4.8Dainippon Screen Mfg, Japan 62.32 4.7Essilor International, France 77.98 4.7Intracom, Greece 19.98 4.7Shindengen Electric Manufacturing, Japan 20.81 4.7Visteon, USA 468.31 4.7American Power Conversion, USA 52.73 4.6Burelle, France 72.47 4.6Emdeon, USA 34.07 4.6Harris, USA 79.97 4.6Ichikoh Industries, Japan 26.83 4.6Meiji Seika Kaisha, Japan 83.17 4.6Novatek Microelectronics, Taiwan 21.27 4.6Rieter, Switzerland 63.95 4.6Saurer, Switzerland 49.16 4.6Compagnie Generale de Geophysique, France 27.00 4.5Danisco, Denmark 86.87 4.5Ford Motor, USA 4659.83 4.5Mabuchi Motor, Japan 20.71 4.5Rheinmetall, Germany 107.19 4.5Wincor Nixdorf, Germany 53.60 4.5Yamatake, Japan 40.32 4.5Benq, Taiwan 136.66 4.4Brother Industries, Japan 124.60 4.4China Motor, Taiwan 41.27 4.4FMC, USA 54.99 4.4SAAB, Sweden 61.77 4.4Sanyo Chemical Industries, Japan 20.12 4.4Andrx, USA 25.90 4.3Bull, France 35.04 4.3Nissin Kogyo, Japan 30.05 4.3Scania, Sweden 203.10 4.3Yamaha, Japan 113.28 4.3Biomet, USA 46.42 4.2Kao, Japan 196.24 4.2King Pharmaceuticals, USA 43.11 4.2NOF, Japan 27.64 4.2Orion, Finland 54.62 4.2Ciba Specialty Chemicals, Switzerland 133.03 4.1Imation, USA 29.88 4.1Invensys, <strong>UK</strong> 110.00 4.1198 <strong>The</strong> <strong>2006</strong> R&D Scoreboard<strong>The</strong> <strong>2006</strong> R&D Scoreboard 199
Ranking of the <strong>top</strong> <strong>1250</strong> global <strong>companies</strong> <strong>by</strong> R&D intensity within listing status–– 2005/06 R&D <strong>investment</strong> –– –– 2005/06 R&D <strong>investment</strong> –– –– 2005/06 R&D <strong>investment</strong> ––sales sales salesCompany £m % Company £m % Company £m %Mitsubishi Chemical, Japan 440.29 4.1Moog, USA 25.37 4.1Proton Holdings Berhad, Malaysia 53.51 4.1AREVA, France 280.34 4.0Brembo, Italy 19.74 4.0Deutsche Borse, Germany 49.68 4.0LG Electronics, South Korea 1021.93 4.0NGK Insulators, Japan 52.58 4.0Cobham, <strong>UK</strong> 42.90 3.9GN Store Nord, Denmark 24.04 3.9Hexagon, Sweden 27.15 3.9Kuraray, Japan 68.47 3.9NTN, Japan 73.80 3.9WCM, Germany 25.05 3.9Zeon, Japan 44.23 3.9BorgWarner, USA 93.78 3.8GTECH, USA 29.13 3.8Juki, Japan 23.94 3.8Perrigo, USA 22.38 3.8Peugeot (PSA), France 1477.94 3.8Sauer-Danfoss, USA 34.18 3.8Asahi Kasei, Japan 250.29 3.7Calsonic Kansei, Japan 128.29 3.7Daicel Chemical Industries, Japan 55.37 3.7MAN, Germany 375.84 3.7MEMC Electronic Matrials, USA 22.12 3.7Nippon Soda, Japan 26.34 3.7Roper Industries, USA 31.16 3.7Suzuki Motor, Japan 428.65 3.7Teledyne Technologies, USA 26.15 3.7Tokuyama, Japan 43.76 3.7EMS-Chemie, Switzerland 20.38 3.6Fuji Heavy Industries, Japan 256.84 3.6Gildemeister, Germany 27.89 3.6Hankook Tire, South Korea 41.54 3.6Kaneka, Japan 83.22 3.6Komori, Japan 19.68 3.6Michelin, France 388.21 3.6Polaris Industries, USA 39.69 3.6Toyo Tire, Japan 48.32 3.6Curtiss-Wright, USA 23.11 3.5DSM, <strong>The</strong> Netherlands 199.26 3.5General Motors, USA 3902.61 3.5Getinge, Sweden 30.18 3.5Harley-Davidson, USA 113.88 3.5Heiwa, Japan 22.39 3.5Mattel, USA 106.01 3.5Nippon Paint, Japan 34.68 3.5Nissan Diesel Motor, Japan 79.78 3.5SIG, Switzerland 35.04 3.5Sud-Chemie, Germany 23.64 3.5Swatch, Switzerland 65.85 3.5Thomson, France 172.46 3.5TietoEnator, Finland 40.06 3.5Toagosei, Japan 24.83 3.5Ushio, Japan 20.60 3.5Chunghwa Picture Tubes, Taiwan 62.73 3.4Daikin Industries, Japan 121.32 3.4Fujikura, Japan 59.85 3.4Georg Fischer, Switzerland 54.80 3.4Keyence, Japan 23.68 3.4Koenig & Bauer, Germany 38.07 3.4Mazda Motor, Japan 448.31 3.4Minebea, Japan 49.41 3.4Rohm & Haas, USA 159.02 3.4Shimadzu, Japan 39.05 3.4Stada Arzneimittel, Germany 23.69 3.4Yokohama Rubber, Japan 70.40 3.4AptarGroup, USA 26.64 3.3Bucher Industries, Switzerland 28.02 3.3Coloplast, Denmark 19.71 3.3Lubrizol, USA 77.94 3.3Meidensha, Japan 30.53 3.3Nitto Denko, Japan 82.61 3.3NKT, Denmark 26.88 3.3Teijin, Japan 148.17 3.3Advanced Semiconductor Engineering, Taiwan 49.40 3.2Amada, Japan 31.49 3.2D-Link, Taiwan 20.75 3.2Dover, USA 111.95 3.2Fuji Electric, Japan 134.36 3.2Funai Electric, Japan 59.66 3.2Mitsubishi Motors, Japan 339.42 3.2Powerchip Semiconductor, Taiwan 30.52 3.2Sumitomo Electric, Japan 278.74 3.2Sumitomo Rubber Industries, Japan 80.24 3.2Textron, USA 189.89 3.2Ulvac, Japan 31.50 3.2Casio Computer, Japan 89.84 3.1Mitsubishi Rayon, Japan 51.28 3.1Pitney Bowes, USA 100.07 3.1Tokai Rubber Industries, Japan 33.17 3.1Central Glass, Japan 29.23 3.0Convergys, USA 44.79 3.0Daifuku, Japan 24.53 3.0Denki Kagaku Kogyo KK, Japan 41.66 3.0Nippon Sheet Glass, Japan 39.21 3.0Pall, USA 32.73 3.0PPG Industries, USA 179.99 3.0Sigma-Aldrich, USA 29.01 3.0Yue Yuen Industrial, Hong Kong 54.79 3.0Amer Sports, Finland 27.07 2.9Citizen Watch, Japan 50.42 2.9Exedy, Japan 19.47 2.9Lagardere, France 260.41 2.9Leoni, Germany 30.64 2.9Noritz, Japan 25.30 2.9OKI Electric, Japan 96.80 2.9Valspar, USA 46.18 2.9Abengoa, Spain 38.33 2.8Acxiom, USA 21.85 2.8Cabot, USA 34.37 2.8Cummins, USA 161.93 2.8Dana, USA 160.18 2.8High Tech Computer, Taiwan 35.37 2.8Kansai Paint, Japan 27.31 2.8Kerry, Ireland 85.71 2.8Mitsubishi Gas Chemical, Japan 52.93 2.8Mitsui Chemicals, Japan 172.14 2.8Modine Manufacturing, USA 28.28 2.8Rockwell Automation, USA 80.73 2.8Showa, Japan 32.58 2.8Steris, USA 19.57 2.8Toray Industries, Japan 181.53 2.8Ajinomoto, Japan 140.32 2.7Alfa Laval, Sweden 32.78 2.7Chi Mei Optoelectronic, Taiwan 76.25 2.7Clariant, Switzerland 96.35 2.7Dentsply International, USA 27.38 2.7DRS Technologies, USA 27.73 2.7MDS, Canada 24.93 2.7Pirelli, Italy 119.56 2.7Pou Chen, Taiwan 73.36 2.7Sekisui Chemical, Japan 113.38 2.7Trelleborg, Sweden 48.23 2.7Wartsila, Finland 48.17 2.7Yakult Honsha, Japan 33.44 2.7Zumtobel, Austria 21.65 2.7Eaton, USA 167.17 2.6Hannstar Display, Taiwan 28.34 2.6Hillenbrand Industries, USA 29.42 2.6Kurita Water Industries, Japan 20.87 2.6LG Chem, South Korea 109.69 2.6Quanta Display, Taiwan 28.73 2.6Tatung, Taiwan 95.94 2.6ICI, <strong>UK</strong> 147.00 2.5ISEKI, Japan 19.44 2.5IWKA, Germany 35.10 2.5Lonza, Switzerland 27.84 2.5Rhodia, France 92.07 2.5Sandvik, Sweden 116.59 2.5Shiseido, Japan 81.19 2.5Yaskawa Electric, Japan 38.19 2.5Ametek, USA 20.27 2.4Brunswick, USA 84.29 2.4EMBRAER, Brazil 54.27 2.4GKN, <strong>UK</strong> 88.00 2.4Ibiden, Japan 29.51 2.4ITT Industries, USA 103.45 2.4Jungheinrich, Germany 27.64 2.4Linde, Germany 155.97 2.4PUMA, Germany 28.86 2.4Toto, Japan 58.17 2.4Toyota Industries, Japan 148.31 2.4Vestas Wind Systems, Denmark 59.30 2.4Whirlpool, USA 197.46 2.4Bekaert, Belgium 30.90 2.3Cytec Industries, USA 39.90 2.3Diebold, USA 35.19 2.3Eastman Chemical, USA 94.36 2.3Energizer, USA 40.72 2.3Ferro, USA 24.70 2.3Giga<strong>by</strong>te Technology, Taiwan 19.27 2.3Kinpo Electronics, Taiwan 26.28 2.3Kirin Brewery, Japan 141.77 2.3MiTAC International, Taiwan 34.07 2.3Numico, <strong>The</strong> Netherlands 30.92 2.3Toyobo, Japan 45.41 2.3WR Grace, USA 34.48 2.3AGCO, USA 70.89 2.2American Axle & Manufacturing, USA 42.87 2.2AU Optronics, Taiwan 86.59 2.2Church & Dwight, USA 22.54 2.2Crane, USA 26.85 2.2Furukawa Electric, Japan 84.85 2.2Kemira, Finland 29.61 2.2Kubota, Japan 112.18 2.2Navistar International, USA 120.57 2.2Techtronic Industries, Hong Kong 36.98 2.2Amphenol, USA 21.85 2.1AO Smith, USA 20.97 2.1Assa Abloy, Sweden 43.04 2.1Black & Decker, USA 77.94 2.1CGI, Canada 39.00 2.1Ebara, Japan 49.32 2.1Federal-Mogul, USA 77.30 2.1GS Yuasa, Japan 24.70 2.1Makita, Japan 20.16 2.1200 <strong>The</strong> <strong>2006</strong> R&D Scoreboard<strong>The</strong> <strong>2006</strong> R&D Scoreboard 201
Ranking of the <strong>top</strong> <strong>1250</strong> global <strong>companies</strong> <strong>by</strong> R&D intensity within listing status–– 2005/06 R&D <strong>investment</strong> –– –– 2005/06 R&D <strong>investment</strong> –– –– 2005/06 R&D <strong>investment</strong> ––sales sales salesCompany £m % Company £m % Company £m %Metso, Finland 60.47 2.1Micro-Star International, Taiwan 27.98 2.1Showa Denko, Japan 85.79 2.1Snap-On, USA 29.12 2.1Sumco, Japan 22.46 2.1UBE Industries, Japan 61.63 2.1Universal Scientific Industrial, Taiwan 19.31 2.1Vishay Intertechnology, USA 28.33 2.1Albemarle, USA 24.28 2.0BIC, France 19.44 2.0Clorox, USA 51.26 2.0Hercules, USA 23.82 2.0IMMSI, Italy 21.18 2.0Serco, <strong>UK</strong> 45.30 2.0Stork, <strong>The</strong> Netherlands 24.59 2.0Tata Motors, India 61.62 2.0ALSTOM, France 180.02 1.9Dai Nippon Printing, Japan 130.22 1.9Fresenius, Germany 102.38 1.9Goodyear, USA 212.61 1.9IHI, Japan 104.66 1.9IMI, <strong>UK</strong> 29.40 1.9Nihon Unisys, Japan 29.04 1.9Royal & Sun Alliance, <strong>UK</strong> 122.00 1.9Sealed Air, USA 44.15 1.9Amkor Technology, USA 21.75 1.8ArvinMeritor, USA 101.93 1.8Jenoptik, Germany 23.67 1.8NACCO Industries, USA 33.14 1.8Nalco, USA 34.13 1.8Asustek Computer, Taiwan 107.98 1.7BJ Services, USA 31.57 1.7Chemtura, USA 30.19 1.7Electrolux, Sweden 160.07 1.7Groupe SEB, France 28.51 1.7NSK, Japan 48.39 1.7SKF, Sweden 62.14 1.7Steelcase, USA 27.61 1.7Tosoh, Japan 50.34 1.7Air Products and Chemicals, USA 77.30 1.6Alliant Techsystems, USA 30.00 1.6Avery Dennison, USA 49.74 1.6Dainippon Ink & Chemicals, Japan 78.55 1.6FMC Technologies, USA 30.00 1.6Gamesa, Spain 24.55 1.6Lite-On Technology, Taiwan 65.33 1.6McCormick, USA 24.52 1.6Newell Rubbermaid, USA 60.00 1.6Parker Hannifin, USA 76.06 1.6Pentair, USA 26.82 1.6Toppan Printing, Japan 109.84 1.6TRW Automotive, USA 118.24 1.6Umicore, Belgium 76.96 1.6Celanese, USA 53.01 1.5Cooper Industries, USA 41.65 1.5Ecolab, USA 39.83 1.5Ingersoll-Rand, Bermuda 94.60 1.5Johnson Controls, USA 241.73 1.5Solutia, USA 23.88 1.5TCL Multimedia Technology, Cayman Islands 38.04 1.5Tomkins, <strong>UK</strong> 46.70 1.5Armstrong, USA 28.25 1.4Cookson, <strong>UK</strong> 22.30 1.4JS, Japan 68.74 1.4Kobe Steel, Japan 97.22 1.4Lanxess, Germany 69.40 1.4Lenovo, Hong Kong 111.94 1.4LogicaCMG, <strong>UK</strong> 25.50 1.4Wistron, Taiwan 40.03 1.4Briggs & Stratton, USA 19.51 1.3Campbell Soup, USA 55.34 1.3Compal Electronics, Taiwan 52.25 1.3CSM, <strong>The</strong> Netherlands 23.84 1.3Mitsui Mining & Smelting, Japan 29.02 1.3Smith International, USA 42.87 1.3Tenneco, USA 33.78 1.3BOC, <strong>UK</strong> 43.20 1.2Bombardier, Canada 101.93 1.2Cargotec, Finland † 20.85 1.2Eramet, France 21.99 1.2Fiserv, USA 29.12 1.2Hitachi Zosen, Japan 20.26 1.2Johnson Matthey, <strong>UK</strong> 58.80 1.2Kone, Finland † 29.09 1.2Lennox International, USA 23.47 1.2Osaka Gas, Japan 56.28 1.2Schindler, Switzerland 48.62 1.2SPX, USA 34.25 1.2Sumitomo Heavy Industries, Japan 31.18 1.2American Standard Companies, USA 66.40 1.1Electric Power Development, Japan 31.49 1.1Estee Lauder, USA 42.11 1.1GEA, Germany 40.51 1.1Kawasaki Heavy Industries, Japan 65.06 1.1Mitsubishi Materials, Japan 51.57 1.1Nexen, Canada 26.93 1.1Oshkosh Truck, USA 19.45 1.1Quanta Computer, Taiwan 94.19 1.1Inventec, Taiwan 28.39 1.0Lear, USA 101.35 1.0Meiji Dairies, Japan 37.30 1.0Nippon Light Metal, Japan 27.33 1.0Oji Paper, Japan 56.75 1.0Orkla, Norway 46.54 1.0Shikoku Electric Power, Japan 27.57 1.0Sumitomo Metal Mining, Japan 23.75 1.0Telekom Austria, Austria 29.57 1.0Timken, USA 30.81 1.0Wm Wrigley Jr, USA 24.80 1.0Adidas-Salomon, Germany 43.29 0.9Daewoo Shipbuilding & Marine, South Korea 23.97 0.9Hyundai Heavy Industries, South Korea 76.04 0.9Indesit, Italy 19.58 0.9Nexans, France 35.73 0.9NOVA Chemicals, Canada 29.12 0.9Owens Corning, USA 33.78 0.9Paccar, USA 68.62 0.9TDC, Denmark(now part of Nordic Telephone) 37.58 0.9Terex, USA 26.97 0.9Voest-Alpine, Austria 42.26 0.9Avon Products, USA 37.40 0.8Belgacom, Belgium 30.23 0.8Chugoku Electric Power, Japan 41.01 0.8Fisher Scientific International, USA 25.75 0.8Fortune Brands, USA 38.39 0.8Hokkaido Electric Power, Japan 19.51 0.8Hyundai Mobis, South Korea 32.17 0.8Inco, Canada 20.39 0.8Onex, Canada 73.30 0.8Salzgitter, Germany 39.51 0.8Secom, Japan 22.06 0.8Corus, <strong>UK</strong> 66.00 0.7Crown, USA 27.38 0.7Huntsman, USA 55.63 0.7KT, South Korea 73.36 0.7Kyushu Electric Power, Japan 48.64 0.7L-3 Communications, USA 38.27 0.7MeadWestvaco, USA 29.12 0.7Novelis, Canada 33.78 0.7Stora Enso, Finland 60.46 0.7Taiheiyo Cement, Japan 29.03 0.7Tokyo Gas, Japan 41.13 0.7Asahi Breweries, Japan 40.92 0.6HeidelbergCement, Germany 29.55 0.6Kajima, Japan 49.48 0.6Nippon Paper, Japan 37.33 0.6PetroChina, China 230.61 0.6Rexam, <strong>UK</strong> 21.00 0.6Reynolds American, USA 30.87 0.6SCA, Sweden 45.16 0.6Sudzucker, Germany 20.61 0.6Tate & Lyle, <strong>UK</strong> 21.00 0.6Tohoku Electric Power, Japan 51.04 0.6Ashland, USA 26.21 0.5Lyondell Chemical, USA 53.01 0.5Outokumpu, Finland 22.67 0.5Porsche, Germany 23.12 0.5Shimizu, Japan 35.90 0.5Taisei, Japan 44.39 0.5Technip, France 20.20 0.5UPM-Kymmene, Finland 34.36 0.5West Japan Railway, Japan 30.45 0.5China Steel, Taiwan 21.55 0.4Daiwa House Industry, Japan 28.20 0.4Koc, Turkey 43.41 0.4Sekisui House, Japan 30.55 0.4Suzuken, Japan 25.44 0.4ThyssenKrupp, Germany 127.80 0.4China Petroleum & Chemical, China 161.90 0.3SNCF, France 37.79 0.3Nippon Oil, Japan 56.46 0.2Vasogen, Canada 35.61 n/a3 Unlisted 11361.54 4.5Abgenix, USA (now part of Amgen) 69.12 646.9Biovitrum, Sweden 42.16 61.5Symbian, <strong>UK</strong> 54.48 47.5Portal Software, USA (now part of Oracle) 23.45 43.0Voca, <strong>UK</strong> 29.25 32.8SeeBeyond Technology, USA(now part of Sun Microsystems) 22.79 23.9NetIQ, USA (now part of Attachmate) 29.45 23.7Macromedia, USA(now part of Adobe Systems) 57.32 22.6Chiron, USA(now part of Novartis, Switzerland) 245.11 21.9Micromuse, USA (now part of IBM) 20.45 21.8Mitsubishi Pharma, Japan(now part of Mitsubishi Chemical) 249.14 21.6Enterasys Networks, USA 42.99 20.7Cambridge Antibody, <strong>UK</strong>(now part of AstraZeneca) 39.17 20.2Daiichi Pharmaceutical, Japan(now part of Daiichi Sankyo) 283.36 17.5Guidant, USA(now part of Boston Scientific) 348.32 16.8DoubleClick, USA 27.06 15.4202 <strong>The</strong> <strong>2006</strong> R&D Scoreboard<strong>The</strong> <strong>2006</strong> R&D Scoreboard 203
Ranking of the <strong>top</strong> <strong>1250</strong> global <strong>companies</strong> <strong>by</strong> R&D intensity within listing status–– 2005/06 R&D <strong>investment</strong> –– –– 2005/06 R&D <strong>investment</strong> –– –– 2005/06 R&D <strong>investment</strong> ––sales sales salesCompany £m % Company £m % Company £m %Patria, Finland 32.71 15.0Sankyo, Japan (now part of Daiichi Sankyo) 427.14 14.7SSA <strong>Global</strong> Technologies, USA(now part of Infor <strong>Global</strong> Solutions) 59.88 14.4Boehringer Ingelheim, Germany 934.45 14.3Industria de Turbo Propulsores, Spain 34.84 13.5IDX Systems, USA(now part of General Electric) 38.88 12.8Italtel, Italy 46.40 12.4Namco, Japan (now part of Namco Bandai) 108.11 12.3SNPE, France 65.00 12.1Aspect Communications(now Aspect Software), USA 25.90 12.0Artesyn Technologies, USA(now part of Emerson Electric) 28.48 11.5Avecia, <strong>UK</strong> 45.40 11.1Diagnostic Products, USA(now part of Siemens, Germany) 30.35 10.8Mercury Interactive, USA(now part of Hewlett-Packard) 42.94 10.8Pierre Fabre, France 106.02 10.5Carl Zeiss, Germany 158.03 10.4Diehl Stiftung, Germany 109.94 9.7Scientific-Atlanta, USA(now part of Cisco Systems) 107.84 9.7Inamed, USA (now part of Allergan) 22.60 8.9Storage Technology, USA(now part of Sun Microsystems) 114.58 8.8Hella, Germany 181.46 8.6Endress & Hauser, Switzerland 51.00 8.4Delphi, USA 1281.45 8.2Merial, <strong>UK</strong> 88.30 7.7Trumpf, Germany 73.52 7.7Amadeus <strong>Global</strong> Travel, Spain † 125.18 7.6Maxtor, USA(now part of Seagate Technology, Cayman Islands) 170.99 7.5Bandai, Japan (now part of Namco Bandai) 96.28 7.2NDChealth, USA(now part of Per-Se Technologies) 19.79 7.2Zambon, Italy 21.30 7.2Behr, Germany 147.73 7.0Robert Bosch, Germany 2013.88 7.0SunGard Data Systems, USA † 142.59 6.3M-Systems Flash Disk Pioneers(now M-Systems), Israel(now part of SanDisk, USA) 22.38 6.2Nyco, Denmark 21.12 6.1Ivax, USA(now part of Teva Pharmaceutical Industries, Israel) 79.33 6.0Seton House, <strong>UK</strong> 26.70 5.8Giesecke & Devrient, Germany 46.46 5.5Hilti, Liechtenstein 86.05 5.4ZF, Germany 384.09 5.2Liebherr, Switzerland 158.03 5.0Knorr-Bremse, Germany 91.11 4.8Dyson James, <strong>UK</strong> 19.42 4.6Grundfos, Denmark 54.32 4.4Eberspaecher, Germany 45.62 4.1Danfoss, Denmark 59.51 3.9Nichias, Japan 23.26 3.9Freudenberg, Germany 113.71 3.4B Braun Melsungen, Germany 66.87 3.2ZF Lenksysteme, Germany 47.14 3.1Cognis Deutschland, Germany 63.21 2.9Gambro, Sweden (now part of Investor) 54.24 2.9Seiko Epson, Japan 211.73 2.9Claas, Germany 41.18 2.8Engelhard, USA (now part of BASF, Germany) 63.02 2.4JCB Service, <strong>UK</strong> 26.79 2.4British Nuclear Fuels(now British Nuclear Group Sellafield), <strong>UK</strong> 55.00 2.3Finland Post, Finland 20.27 2.2JohnsonDiversey, USA 41.36 2.1Sanden, Japan 24.39 2.1Gillette, USA(now part of Procter & Gamble) 121.74 2.0Maytag, USA (now part of Whirlpool) 53.00 1.9Novar, <strong>UK</strong>(now part of Honeywell Acquisitions) 26.20 1.8Hexion Specialty Chemicals, USA 36.11 1.4Reebok International, USA(now part of Adidas-Salomon, Germany) 31.83 1.4Basell AF SCA, Luxembourg † 44.89 1.3Effem (aka Mars), <strong>UK</strong> 26.32 1.3BAA, <strong>UK</strong>(now part of Airport Development and Investment) 27.00 1.2Barilla GeR Fratelli, Italy 20.61 1.2Tchibo, Germany 74.89 1.2York International, USA(now part of Johnson Controls) 27.78 1.1Borealis, Denmark 28.17 0.9Pilkington, <strong>UK</strong>(now part of NSG <strong>UK</strong> Enterprises) 22.00 0.9Rabobank, <strong>The</strong> Netherlands 58.40 0.9Vattenfall, Sweden 78.83 0.8Arla Foods, Denmark 25.42 0.6Heraeus, Germany 37.10 0.6Taiwan Power, Taiwan 35.42 0.5Metsaliitto, Finland 25.63 0.4Eureko, <strong>The</strong> Netherlands 22.54 0.3Georgia-Pacific, USA 35.53 0.3La Poste, France 19.24 0.1204 <strong>The</strong> <strong>2006</strong> R&D Scoreboard<strong>The</strong> <strong>2006</strong> R&D Scoreboard 205
Market breadth <strong>by</strong> industry for those of the <strong>top</strong> <strong>1250</strong> global <strong>companies</strong> wherecomparable data is available (see notes on pages 248 to 256)——––––––––––––— Market breadth ——––––––––––––—R&D Sales Europe N. America Rest of World TotalCompany £m £m % % % %1 Aerospace & defenceEADS, <strong>The</strong> Netherlands 1626.36 23503 40 26 34 100BAE Systems, <strong>UK</strong> 1449.00 11019 41 39 20 100Rolls-Royce, <strong>UK</strong> 352.00 6603 29 39 31 99Thales, France 346.02 7052 61 10 29 100SAFRAN, France 322.94 5972 59 23 18 100General Dynamics, USA 200.37 12374 10 87 3 100Goodrich, USA 155.46 3148 31 57 11 99Smiths, <strong>UK</strong> 143.60 3017 28 57 15 100Rockwell Collins, USA 141.54 2007 18 73 9 100Bombardier, Canada 101.93 8681 41 45 9 95SAAB, Sweden 61.77 1414 74 8 18 100Cobham, <strong>UK</strong> 42.90 1090 38 40 22 100Elbit Systems, Israel 41.88 623 10 37 53 100BE Aerospace, USA 38.21 492 24 47 29 100Meggitt, <strong>UK</strong> 30.77 616 38 51 10 992 Automobiles & partsVolkswagen, Germany 2799.92 65458 73 14 13 100Robert Bosch, Germany 2013.88 28869 66 19 15 100Fiat, Italy 905.59 31481 69 13 19 101Aisin Seiki, Japan 471.53 9027 9 15 76 100Mazda Motor, Japan 448.31 13303 24 28 48 100Suzuki Motor, Japan 428.65 11674 21 14 65 100Continental, Germany 405.66 9507 71 20 10 101Michelin, France 388.21 10712 49 36 15 100ZF, Germany 384.09 7443 72 16 12 100Yamaha Motor, Japan 353.44 6787 22 32 47 101Mitsubishi Motors, Japan 339.42 10475 31 21 48 100Fuji Heavy Industries, Japan 256.84 7139 8 41 51 100Toyota Industries, Japan 148.31 6127 18 17 65 100Behr, Germany 147.73 2097 64 25 11 100Calsonic Kansei, Japan 128.29 3430 9 26 65 100Harley-Davidson, USA 113.88 3223 10 86 7 103Rheinmetall, Germany 107.19 2373 78 11 10 99Sumitomo Rubber Industries, Japan 80.24 2531 8 11 80 99Burelle, France 72.47 1574 71 22 7 100NGK Spark Plug, Japan 70.87 1190 19 41 40 100Trelleborg, Sweden 48.23 1769 71 19 11 101ZF Lenksysteme, Germany 47.14 1531 81 8 11 100Ballard Power Systems, Canada 43.97 31 26 59 13 98Showa, Japan 32.58 1153 8 33 58 99Grammer, Germany 31.01 590 77 18 5 100Haldex, Sweden 27.59 548 46 48 6 100Ichikoh Industries, Japan 26.83 583 0 9 86 95Beru, Germany † 24.79 280 77 12 11 100Porsche, Germany 23.12 4517 58 34 8 100Exedy, Japan 19.47 673 0 19 77 963 BanksRoyal Bank of Scotland, <strong>UK</strong> 329.00 25902 82 17 1 100HSBC, <strong>UK</strong> 244.64 33572 36 38 27 101Barclays, <strong>UK</strong> 68.00 17333 73 14 13 1004 BeveragesKirin Brewery, Japan 141.77 6094 0 0 95 955 ChemicalsBayer, Germany 1295.86 18815 44 27 30 101EI du Pont de Nemours, USA 778.19 15517 29 48 23 100BASF, Germany 746.39 29370 56 22 22 100Dow Chemical, USA 625.00 26973 36 38 26 100AKZO Nobel, <strong>The</strong> Netherlands 575.10 8932 58 18 24 100DSM, <strong>The</strong> Netherlands 199.26 5631 50 21 27 98Mitsui Chemicals, Japan 172.14 6058 3 0 93 96Shin-Etsu Chemical, Japan 157.94 5566 12 25 64 101Market breadth <strong>by</strong> industry for those of the <strong>top</strong> <strong>1250</strong> global <strong>companies</strong> wherecomparable data is available (see notes on pages 248 to 256)——––––––––––––— Market breadth ——––––––––––––—R&D Sales Europe N. America Rest of World TotalCompany £m £m % % % %Linde, Germany 155.97 6528 71 14 15 100ICI, <strong>UK</strong> 147.00 5812 32 33 35 100Ciba Specialty Chemicals, Switzerland 133.03 3279 43 21 33 97Wacker-Chemie, Germany 100.93 1893 51 22 26 99Kaneka, Japan 83.22 2291 10 11 79 100JSR, Japan 79.11 1507 0 4 93 97Dainippon Ink & Chemicals, Japan 78.55 4949 26 24 50 100Lubrizol, USA 77.94 2388 27 49 23 99Lanxess, Germany 69.40 4913 56 27 17 100Kuraray, Japan 68.47 1751 14 9 77 100SNPE, France 65.00 535 75 14 12 101Cognis Deutschland, Germany 63.21 2182 51 24 25 100Johnson Matthey, <strong>UK</strong> 58.80 4756 41 24 35 100Mitsubishi Gas Chemical, Japan 52.93 1918 0 5 93 98Nippon Shokubai, Japan 47.03 973 15 8 77 100Basell AF SCA, Luxembourg † 44.89 3419 72 18 10 100Zeon, Japan 44.23 1142 10 11 79 100Tokuyama, Japan 43.76 1172 0 0 96 96Denki Kagaku Kogyo KK, Japan 41.66 1382 0 0 95 95Cytec Industries, USA 39.90 1704 40 46 14 100Nippon Paint, Japan 34.68 1001 1 4 95 100Chemtura, USA 30.19 1819 24 53 18 95Tokyo Ohka Kogyo, Japan 28.62 439 7 8 85 100Borealis, Denmark 28.17 3308 90 2 5 97Lonza, Switzerland 27.84 1114 50 37 13 100Kansai Paint, Japan 27.31 971 1 1 98 100Nippon Soda, Japan 26.34 712 5 5 90 100Toagosei, Japan 24.83 712 1 2 97 100Hercules, USA 23.82 1205 36 53 11 100Sud-Chemie, Germany 23.64 670 46 20 30 96Sanyo Chemical Industries, Japan 20.12 461 0 5 91 966 Construction & materialsAsahi Glass, Japan 156.47 7534 21 12 67 100Bouygues, France 94.13 16791 83 7 8 98Hilti, Liechtenstein 86.05 1608 66 21 13 100Kajima, Japan 49.48 8327 2 6 91 99Taisei, Japan 44.39 8429 0 1 97 98Nippon Sheet Glass, Japan 39.21 1308 0 1 95 96Lafarge, France 37.79 10972 45 28 23 96Central Glass, Japan 29.23 958 5 10 85 100Taiheiyo Cement, Japan 29.03 4307 0 9 90 99Novar, <strong>UK</strong>(now part of Honeywell Acquisitions) 26.20 1479 33 63 4 100Pilkington, <strong>UK</strong>(now part of NSG <strong>UK</strong> Enterprises) 22.00 2582 61 22 17 1007 ElectricityAREVA, France 280.34 6957 63 18 18 998 Electronic & electrical equipmentABB, Switzerland 427.54 13188 49 19 31 99Schneider, France 372.48 8024 48 26 26 100Olympus, Japan 235.51 4015 30 25 45 100Seiko Epson, Japan 211.73 7303 26 18 56 100LG Philips LCD, South Korea 210.58 5806 13 11 76 100ALSTOM, France 180.02 9518 45 16 36 97Emerson Electric, USA 176.49 10080 22 53 25 100Yokogawa Electric, Japan 143.11 1910 9 5 86 100Agfa-Gevaert, Belgium 138.79 2273 52 25 23 100Fuji Electric, Japan 134.36 4166 2 2 97 101Brother Industries, Japan 124.60 2858 30 36 34 100Daikin Industries, Japan 121.32 3597 23 4 72 99Invensys, <strong>UK</strong> 110.00 2713 40 37 23 100Japan Radio, Japan 92.61 1131 9 5 86 100Fanuc, Japan 74.70 1630 15 20 64 99206 <strong>The</strong> <strong>2006</strong> R&D Scoreboard <strong>The</strong> <strong>2006</strong> R&D Scoreboard 207
Market breadth <strong>by</strong> industry for those of the <strong>top</strong> <strong>1250</strong> global <strong>companies</strong> wherecomparable data is available (see notes on pages 248 to 256)——––––––––––––— Market breadth ——––––––––––––—R&D Sales Europe N. America Rest of World TotalCompany £m £m % % % %Kudelski, Switzerland 73.17 304 60 29 11 100Delta Electronics, Taiwan 68.19 1434 10 24 62 96Vestas Wind Systems, Denmark 59.30 2462 61 25 14 100Hoya, Japan 54.07 1521 12 14 74 100Endress & Hauser, Switzerland 51.00 608 62 17 20 99Barco, Belgium 50.38 489 48 33 19 100Leica Geosystems, Switzerland 47.63 342 51 22 27 100Spectris, <strong>UK</strong> 44.90 656 43 26 31 100Hamamatsu Photonics, Japan 43.66 365 20 22 58 100Axalto (now Gemalto), <strong>The</strong> Netherlands 40.21 578 55 25 21 101Gemplus International, Luxembourg(now part of Gemalto, <strong>The</strong> Netherlands) 38.38 645 52 29 18 99Yaskawa Electric, Japan 38.19 1528 11 13 76 100Nexans, France 35.73 3844 66 21 11 98Powerwave Technologies, USA 35.55 481 53 36 9 98Ingenico, France 33.42 300 59 21 20 100Orbotech, Israel 33.04 221 9 13 77 99Ulvac, Japan 31.50 971 1 2 97 100Ibiden, Japan 29.51 1222 12 11 77 100Renishaw, <strong>UK</strong> 29.30 176 40 27 33 100Horiba, Japan 27.82 456 58 0 42 100NKT, Denmark 26.88 806 75 16 9 100Zumtobel, Austria 21.65 814 80 3 17 100Hirose Electric, Japan 21.60 442 7 3 89 99Photon Dynamics, USA 21.13 73 0 0 100 100Mabuchi Motor, Japan 20.71 464 14 9 77 100Ushio, Japan 20.60 588 7 17 76 100Ametek, USA 20.27 836 21 54 25 100Austriamicrosystems, Austria 19.38 123 69 18 14 1019 Equity <strong>investment</strong> instrumentsNo <strong>companies</strong> with sufficient R&D for inclusion10 Fixed line telecommunicationsBT, <strong>UK</strong> 727.00 19514 96 3 0 99Telefonica, Spain 373.78 26029 57 0 41 98Deutsche Telekom, Germany 297.51 40954 80 20 0 100TeliaSonera, Sweden 210.42 6416 92 1 7 100Telecom Italia, Italy 123.68 21510 83 1 11 95Swisscom, Switzerland 24.75 4301 99 0 0 9911 Food & drug retailersTchibo, Germany 74.89 6038 85 8 7 100Orion, Finland 54.62 1307 95 3 2 10012 Food producersAjinomoto, Japan 140.32 5295 10 7 83 100Danisco, Denmark 86.87 1926 57 18 25 100Kerry, Ireland 85.71 3044 65 27 7 99Cadbury Schweppes, <strong>UK</strong> 58.00 7157 32 28 40 100Numico, <strong>The</strong> Netherlands 30.92 1366 82 0 13 95Effem (aka Mars), <strong>UK</strong> 26.32 2080 100 0 0 100Vilmorin Clause, France 24.46 342 66 19 14 99CSM, <strong>The</strong> Netherlands 23.84 1882 50 41 4 95Tate & Lyle, <strong>UK</strong> 21.00 3720 41 40 19 10013 Forestry & paperStora Enso, Finland 60.46 9061 72 17 12 101SCA, Sweden 45.16 7055 73 13 14 100Weyerhaeuser, USA 35.53 13397 3 88 8 99UPM-Kymmene, Finland 34.36 6423 73 14 13 100Metsaliitto, Finland 25.63 5939 88 3 9 10014 Gas, water & multiutilitiesSuez, France 58.27 28507 79 10 12 101Gaz De France, France 50.16 15387 98 0 0 98Market breadth <strong>by</strong> industry for those of the <strong>top</strong> <strong>1250</strong> global <strong>companies</strong> wherecomparable data is available (see notes on pages 248 to 256)——––––––––––––— Market breadth ——––––––––––––—R&D Sales Europe N. America Rest of World TotalCompany £m £m % % % %Veolia Environnement, France 43.22 17346 81 9 10 10015 General financialWCM, Germany 25.05 640 56 22 22 100OMX, Sweden 19.25 230 84 6 10 10016 General industrialsJM Voith, Germany 122.99 2440 55 22 23 100Dover, USA 111.95 3541 19 57 22 98Unaxis, Switzerland 65.41 709 61 19 20 100Dainippon Screen Mfg, Japan 62.32 1329 9 12 79 100NGK Insulators, Japan 52.58 1313 9 14 77 100Tomkins, <strong>UK</strong> 46.70 3182 14 69 18 101Sealed Air, USA 44.15 2379 29 52 20 101Abengoa, Spain 38.33 1390 58 13 29 100SIG, Switzerland 35.04 997 72 4 24 100Rexam, <strong>UK</strong> 21.00 3237 51 35 14 10017 General retailersNitto Denko, Japan 82.61 2541 4 6 90 10018 Health care equipment & servicesBaxter International, USA 310.46 5737 31 48 21 100Carl Zeiss, Germany 158.03 1527 63 21 16 100Fresenius, Germany 102.38 5421 38 47 14 99BioMerieux, France 89.80 683 57 26 17 100Dragerwerk, Germany 74.45 1121 63 20 17 100Bio-Rad Laboratories, USA 67.05 688 43 36 16 95Smith & Nephew, <strong>UK</strong> 67.00 1407 31 49 19 99B Braun Melsungen, Germany 66.87 2079 60 24 17 101CR Bard, USA 66.75 1032 19 69 12 100Biomet, USA 46.42 1095 26 66 8 100Affymetrix, USA 45.38 214 30 47 18 95William Demant, Denmark 35.24 434 48 34 18 100Sorin, Italy 34.12 517 61 23 16 100Phonak, Switzerland 27.86 383 48 46 6 100IDEXX Laboratories, USA 23.85 372 24 68 7 9919 Household goodsElectrolux, Sweden 160.07 9476 46 40 14 100Black & Decker, USA 77.94 3<strong>800</strong> 21 71 8 100Swatch, Switzerland 65.85 1897 49 12 40 101Groupe SEB, France 28.51 1692 51 14 34 99Armstrong, USA 28.25 2073 24 71 4 99Dyson James, <strong>UK</strong> 19.42 426 52 38 10 10020 Industrial engineeringVolvo, Sweden 772.97 17607 52 29 19 100Komatsu, Japan 247.80 8399 14 28 57 99Sandvik, Sweden 116.59 4638 45 20 35 100IHI, Japan 104.66 5375 5 9 87 101Atlas Copco, Sweden 92.29 3860 33 38 29 100Knorr-Bremse, Germany 91.11 1885 62 32 6 100Nissan Diesel Motor, Japan 79.78 2276 0 3 93 96NTN, Japan 73.80 1917 16 24 60 100AGCO, USA 70.89 3174 50 28 20 98Kawasaki Heavy Industries, Japan 65.06 6127 8 19 73 100Rieter, Switzerland 63.95 1397 47 23 30 100SKF, Sweden 62.14 3607 56 20 24 100Metso, Finland 60.47 2918 45 21 34 100Danfoss, Denmark 59.51 1512 71 9 20 100Georg Fischer, Switzerland 54.80 1632 78 10 14 102Grundfos, Denmark 54.32 1236 69 10 21 100Citizen Watch, Japan 50.42 1763 12 11 77 100Saurer, Switzerland 49.16 1079 32 12 56 100Wartsila, Finland 48.17 1813 42 15 43 100208 <strong>The</strong> <strong>2006</strong> R&D Scoreboard <strong>The</strong> <strong>2006</strong> R&D Scoreboard 209
Market breadth <strong>by</strong> industry for those of the <strong>top</strong> <strong>1250</strong> global <strong>companies</strong> wherecomparable data is available (see notes on pages 248 to 256)——––––––––––––— Market breadth ——––––––––––––—R&D Sales Europe N. America Rest of World TotalCompany £m £m % % % %Deutz, Germany 43.29 909 67 15 19 101Assa Abloy, Sweden 43.04 2035 48 38 12 98Shimadzu, Japan 39.05 1153 6 8 86 100Koenig & Bauer, Germany 38.07 1114 62 16 22 100Alfa Laval, Sweden 32.78 1195 49 17 34 100Amada, Japan 31.49 992 16 13 71 100Kone, Finland † 29.09 2475 66 22 12 100Gildemeister, Germany 27.89 774 88 7 5 100Jungheinrich, Germany 27.64 1130 96 0 0 96Hexagon, Sweden 27.15 705 67 21 12 100Terex, USA 26.97 2924 42 37 21 100Stork, <strong>The</strong> Netherlands 24.59 1249 84 11 5 100Daifuku, Japan 24.53 820 0 7 88 95Jenoptik, Germany 23.67 1315 66 9 25 100Kurita Water Industries, Japan 20.87 794 1 1 99 101Cargotec, Finland † 20.85 1671 56 28 16 100Hitachi Zosen, Japan 20.26 1667 3 0 94 97Komori, Japan 19.68 552 22 21 57 100ISEKI, Japan 19.44 777 4 5 91 10021 Industrial metalsAlcan, Canada 132.22 11836 47 36 17 100Corus, <strong>UK</strong> 66.00 10140 80 9 11 100Mitsubishi Materials, Japan 51.57 4860 2 7 91 100Salzgitter, Germany 39.51 4914 72 9 18 99Heraeus, Germany 37.10 6398 54 26 20 100Bekaert, Belgium 30.90 1315 49 32 19 100Mitsui Mining & Smelting, Japan 29.02 2162 0 13 84 97Sumitomo Metal Mining, Japan 23.75 2392 0 5 94 99Eramet, France 21.99 1863 50 23 27 10022 Industrial transportationEast Japan Railway, Japan 76.89 12523 0 0 100 100BAA, <strong>UK</strong>(now part of Airport Development and Investment) 27.00 2275 99 0 0 9923 Leisure goodsMatsushita Electric, Japan 2787.28 43895 13 14 72 99Fuji Photo Film, Japan 898.96 13164 14 21 65 100Konica Minolta, Japan 325.69 5268 26 25 49 100Take-Two Interactive Software, USA 128.29 700 29 68 3 100Yamaha, Japan 113.28 2636 16 16 68 100Mattel, USA 106.01 3017 27 61 17 105Bandai, Japan (now part of Namco Bandai) 96.28 1332 8 8 84 100Casio Computer, Japan 89.84 2864 12 9 79 100Pentax, Japan 48.34 659 28 24 48 100Bang & Olufsen, Denmark 46.22 345 82 8 10 100Amer Sports, Finland 27.07 937 38 50 12 100Pace Micro Technology, <strong>UK</strong> 23.98 253 81 9 10 10024 Life insuranceNo <strong>companies</strong> with sufficient R&D for inclusion25 MediaLagardere, France 260.41 8941 68 15 17 100Vivendi Universal (now Vivendi), France 233.61 13387 73 12 15 100Reed Elsevier, <strong>UK</strong> 102.00 5166 30 58 12 10026 MiningAnglo American, <strong>UK</strong> 23.30 17145 46 9 44 9927 Mobile telecommunicationsTelenor, Norway 60.99 5929 84 0 14 9828 Nonequity <strong>investment</strong> instrumentsNo <strong>companies</strong> with sufficient R&D for inclusionMarket breadth <strong>by</strong> industry for those of the <strong>top</strong> <strong>1250</strong> global <strong>companies</strong> wherecomparable data is available (see notes on pages 248 to 256)——––––––––––––— Market breadth ——––––––––––––—R&D Sales Europe N. America Rest of World TotalCompany £m £m % % % %29 Nonlife insuranceNo <strong>companies</strong> with sufficient R&D for inclusion30 Oil & gas producersBP, <strong>UK</strong> 292.40 145308 43 40 17 100Statoil, Norway 91.70 33596 87 9 5 101Norsk Hydro, Norway 61.59 14986 81 10 10 10131 Oil equipment, services & distributionCompagnie Generale de Geophysique, France 27.00 598 41 31 27 99Tenaris, Luxembourg 20.21 3924 23 25 51 9932 Personal goodsKao, Japan 196.24 4624 9 9 82 100Givaudan, Switzerland 97.23 1228 37 32 30 99Shiseido, Japan 81.19 3311 12 7 81 100Adidas-Salomon, Germany 43.29 4559 48 24 28 100PUMA, Germany 28.86 1221 62 27 11 100Christian Dior, France 26.11 10001 36 26 38 10033 Pharmaceuticals & biotechnologyGlaxoSmithKline, <strong>UK</strong> 3136.00 21660 32 46 23 101Sanofi-Aventis, France 2778.62 18765 44 35 21 100Roche, Switzerland 2521.44 15695 37 38 25 100Boehringer Ingelheim, Germany 934.45 6551 33 44 23 100Takeda Pharmaceutical, Japan 698.09 5542 15 26 59 100Merck, Germany 489.90 4033 46 14 39 99Novo Nordisk, Denmark 468.41 3110 40 28 32 100Sankyo, Japan(now part of Daiichi Sankyo) 427.14 2901 15 20 66 101Eisai, Japan 386.55 2630 10 42 49 101ALTANA, Germany 319.47 2248 51 28 21 100Yamanouchi Pharmaceutical(now Astellas Pharma), Japan 290.39 2206 20 9 71 100Daiichi Pharmaceutical, Japan(now part of Daiichi Sankyo) 283.36 1621 4 14 79 97Teva Pharmaceutical Industries, Israel 214.88 3058 29 55 16 100Applera, USA 192.65 1075 33 45 19 97Kyowa Hakko Kogyo, Japan 162.25 1744 4 4 92 100Lundbeck, Denmark 159.72 835 57 29 14 100Ono Pharmaceutical, Japan 151.19 717 0 0 99 99Elan, Ireland 136.18 249 32 68 0 100Protein Design Labs(now PDL Biopharma), USA 100.21 163 10 90 0 100Merial, <strong>UK</strong> 88.30 1152 37 43 20 100Sepracor, USA 84.17 478 0 100 0 100Dade Behring, USA 82.42 966 0 46 54 100Actelion, Switzerland 75.78 293 48 45 7 100Novozymes, Denmark 73.05 579 44 28 28 100Pliva, Croatia 70.40 675 62 41 1 104Kyorin Pharmaceutical (now Kyorin), Japan 62.67 327 0 12 88 100Santen Pharmaceutical, Japan 62.28 457 5 2 93 100Cell <strong>The</strong>rapeutics, USA 40.06 9 12 71 17 100Cambridge Antibody, <strong>UK</strong>(now part of AstraZeneca) 39.17 194 1 3 97 101Biovail, Canada 35.23 545 0 12 87 99Acambis, <strong>UK</strong> 34.50 41 4 96 0 100Gedeon Richter, Hungary 34.35 467 82 8 10 100Nuvelo, USA 33.65 0 0 66 35 101QLT, Canada 31.57 121 37 54 9 100Zeltia, Spain 31.39 50 97 0 0 97Recordati, Italy 30.89 401 88 2 9 99Krka, Slovenia 27.57 381 100 0 0 100Vernalis, <strong>UK</strong> 26.49 14 41 59 0 100SkyePharma, <strong>UK</strong> 26.00 61 78 14 8 100Sartorius, Germany 24.58 333 58 20 23 101210 <strong>The</strong> <strong>2006</strong> R&D Scoreboard <strong>The</strong> <strong>2006</strong> R&D Scoreboard 211
Market breadth <strong>by</strong> industry for those of the <strong>top</strong> <strong>1250</strong> global <strong>companies</strong> wherecomparable data is available (see notes on pages 248 to 256)——––––––––––––— Market breadth ——––––––––––––—R&D Sales Europe N. America Rest of World TotalCompany £m £m % % % %Stada Arzneimittel, Germany 23.69 702 94 3 3 100ProStrakan, <strong>UK</strong> 22.43 32 99 0 0 99Zambon, Italy 21.30 298 87 10 3 10034 Real estateNo <strong>companies</strong> with sufficient R&D for inclusion35 Software & computer servicesCadence Design Systems, USA 246.59 774 18 48 34 100Dassault Systemes, France 177.93 642 47 30 23 100SunGard Data Systems, USA † 142.59 2280 20 76 4 100Nintendo, Japan 101.24 2542 24 50 27 101Misys, <strong>UK</strong> 89.70 985 56 37 7 100Amdocs, <strong>UK</strong> 84.14 1187 24 68 8 100Sage, <strong>UK</strong> 81.61 777 51 41 9 101DST Systems, USA 76.19 1465 5 93 2 100UBIsoft Entertainment, France 70.83 370 55 41 4 100Parametric Technology, USA 68.89 420 35 38 27 100Cognos, Canada 61.71 481 33 58 9 100Indra Sistemas, Spain 59.02 826 88 3 9 100Infogrames Entertainment, France 58.88 414 40 52 8 100Macromedia, USA(now part of Adobe Systems) 57.32 254 26 54 20 100FileNET, USA 44.36 246 26 70 0 96Eclipsys, USA 41.90 223 0 99 0 99Intergraph, USA 40.81 336 31 49 20 100IDX Systems, USA(now part of General Electric) 38.88 303 16 82 0 98Open Text, Canada 37.94 242 52 42 6 100Progress Software, USA 36.74 236 46 43 11 100Cae, Canada 35.41 552 34 45 21 100Msc Software, USA 27.53 178 38 29 31 98Webex Communications, USA 26.63 180 6 91 3 100Sonic Solutions, USA 23.63 87 10 77 13 100Trizetto, USA 23.45 170 0 100 0 100webMethods, USA 23.41 122 25 63 12 100Hummingbird, Canada 23.13 118 41 51 8 100I2 Technologies, USA 21.75 206 24 53 18 95Gameloft, France 19.58 32 57 29 13 9936 Support servicesNSK, Japan 48.39 2867 16 14 70 100Voca, <strong>UK</strong> 29.25 89 100 0 0 100Secom, Japan 22.06 2726 0 0 98 9837 Technology hardware & equipmentIntel, USA 2996.86 22615 21 15 59 95Toshiba, Japan 1717.48 28802 11 14 76 101Alcatel, France 1231.28 9025 48 14 37 99Texas Instruments, USA 1173.70 7801 18 16 67 101Nortel Networks, Canada 1081.08 6129 26 55 19 100Infineon Technologies, Germany 854.06 4644 38 22 40 100Advanced Micro Devices, USA 666.37 3406 25 21 54 100Applied Materials, USA 547.83 4073 13 21 66 100Micron Technology, USA 351.64 2843 19 34 47 100Kyocera, Japan 268.46 5827 15 21 64 100ASML, <strong>The</strong> Netherlands 226.06 1738 9 24 67 100Nvidia, USA 205.09 1384 9 14 75 98Kla-Tencor, USA 198.20 1215 13 24 63 100Maxim Integrated Products, USA 191.15 974 19 26 55 100ATI Technologies, Canada 190.48 1295 4 12 84 100Market breadth <strong>by</strong> industry for those of the <strong>top</strong> <strong>1250</strong> global <strong>companies</strong> wherecomparable data is available (see notes on pages 248 to 256)——––––––––––––— Market breadth ——––––––––––––—R&D Sales Europe N. America Rest of World TotalCompany £m £m % % % %Xilinx, USA 189.96 1006 20 41 38 99Marvell Technology, Bermuda 182.24 973 0 0 96 96Nikon, Japan 165.63 3151 22 25 53 100Atmel, USA 161.12 976 32 14 53 99Rohm, Japan 159.62 1821 5 4 91 100ZTE, China 141.44 1557 0 0 99 99Teradyne, USA 129.90 626 17 22 61 100Altera, USA 122.18 655 25 24 50 99SanDisk, USA 113.47 1343 22 46 32 100Lam Research, USA 113.07 875 12 16 72 100Tektronix, USA 95.22 603 23 38 36 97ARM, <strong>UK</strong> 80.27 232 14 43 43 100Integrated Device Technology, USA 74.32 307 12 26 62 100Tekelec, USA 73.20 313 12 76 12 100ASM International, <strong>The</strong> Netherlands 69.17 499 15 20 65 100Micronas Semiconductor, Switzerland 67.49 373 46 5 49 100Spirent (now Spirent Communications), <strong>UK</strong> 62.80 465 36 43 21 100Quantum, USA 62.56 486 24 67 9 1003Com, USA 55.09 379 45 42 13 100JDS Uniphase, USA 54.58 415 19 66 16 101AMIS, USA 50.91 293 38 42 20 100Italtel, Italy 46.40 375 94 1 6 101Varian Semiconductor Equipment, USA 45.24 350 10 22 68 100Fairchild Semiconductor, USA 45.20 830 11 10 77 98Mindspeed Technologies, USA 41.56 65 13 29 57 99Brooks Automation, USA 36.56 270 17 52 31 100CSR, <strong>UK</strong> 35.15 283 11 5 84 100Neopost, France 33.60 568 59 40 0 99Disco, Japan 31.35 340 9 8 83 100Tokyo Seimitsu, Japan 31.09 418 7 10 79 96TTP Communications, <strong>UK</strong> 29.50 62 10 16 74 100Silicon Storage Technology, USA 28.56 251 7 5 88 100Komag, USA 28.47 400 0 5 95 100Actel, USA 28.06 104 27 56 17 100Zebra Technologies, USA 26.79 409 33 52 16 101Genesis Microchip, USA 26.73 157 12 1 87 100Micrel, USA 26.25 146 10 25 65 100Bookham, USA 26.11 117 17 70 13 100Aastra Technologies, Canada 25.40 261 75 23 2 100Cabot Microelectronics, USA 25.05 158 9 22 69 100Verifone, USA 24.87 283 18 60 22 100DSP, USA 23.47 109 0 1 99 100M-Systems Flash Disk Pioneers(now M-Systems), Israel(now part of SanDisk, USA) 22.38 358 16 36 47 99MEMC Electronic Matrials, USA 22.12 599 20 28 53 101SEZ, Switzerland 20.96 138 22 11 67 100Shindengen Electric Manufacturing, Japan 20.81 439 4 5 91 100Imagination Technologies, <strong>UK</strong> 20.65 35 67 14 19 100ELMOS Semiconductor, Germany 20.41 101 78 17 5 100Asyst Technologies, USA 20.32 357 4 18 78 100Ess Technology, USA 19.79 106 5 0 91 9638 TobaccoNo <strong>companies</strong> with sufficient R&D for inclusion39 Travel & leisureAmadeus <strong>Global</strong> Travel, Spain † 125.18 1656 66 7 27 100Alliance Gaming(now Bally Technologies), USA 25.26 285 3 94 0 97212 <strong>The</strong> <strong>2006</strong> R&D Scoreboard<strong>The</strong> <strong>2006</strong> R&D Scoreboard 213
Market breadth <strong>by</strong> industry for those of the <strong>top</strong> <strong>1250</strong> global <strong>companies</strong> wherecomparable data is available (see notes on pages 248 to 256)——––––––––––––— Market breadth ——––––––––––––—R&D Sales Europe N. America Rest of World TotalCompany £m £m % % % %1 Americas1.1 BermudaMarvell Technology 182.24 973 0 0 96 961.2 CanadaNortel Networks 1081.08 6129 26 55 19 100ATI Technologies 190.48 1295 4 12 84 100Alcan 132.22 11836 47 36 17 100Bombardier 101.93 8681 41 45 9 95Cognos 61.71 481 33 58 9 100Ballard Power Systems 43.97 31 26 59 13 98Open Text 37.94 242 52 42 6 100Cae 35.41 552 34 45 21 100Biovail 35.23 545 0 12 87 99QLT 31.57 121 37 54 9 100Aastra Technologies 25.40 261 75 23 2 100Hummingbird 23.13 118 41 51 8 1001.3 USAIntel 2996.86 22615 21 15 59 95Texas Instruments 1173.70 7801 18 16 67 101EI du Pont de Nemours 778.19 15517 29 48 23 100Advanced Micro Devices 666.37 3406 25 21 54 100Dow Chemical 625.00 26973 36 38 26 100Applied Materials 547.83 4073 13 21 66 100Micron Technology 351.64 2843 19 34 47 100Baxter International 310.46 5737 31 48 21 100Cadence Design Systems 246.59 774 18 48 34 100Nvidia 205.09 1384 9 14 75 98General Dynamics 200.37 12374 10 87 3 100Kla-Tencor 198.20 1215 13 24 63 100Applera 192.65 1075 33 45 19 97Maxim Integrated Products 191.15 974 19 26 55 100Xilinx 189.96 1006 20 41 38 99Emerson Electric 176.49 10080 22 53 25 100Atmel 161.12 976 32 14 53 99Goodrich 155.46 3148 31 57 11 99SunGard Data Systems † 142.59 2280 20 76 4 100Rockwell Collins 141.54 2007 18 73 9 100Teradyne 129.90 626 17 22 61 100Take-Two Interactive Software 128.29 700 29 68 3 100Altera 122.18 655 25 24 50 99Harley-Davidson 113.88 3223 10 86 7 103SanDisk 113.47 1343 22 46 32 100Lam Research 113.07 875 12 16 72 100Dover 111.95 3541 19 57 22 98Mattel 106.01 3017 27 61 17 105Protein Design Labs (now PDL Biopharma) 100.21 163 10 90 0 100Tektronix 95.22 603 23 38 36 97Sepracor 84.17 478 0 100 0 100Dade Behring 82.42 966 0 46 54 100Black & Decker 77.94 3<strong>800</strong> 21 71 8 100Lubrizol 77.94 2388 27 49 23 99DST Systems 76.19 1465 5 93 2 100Integrated Device Technology 74.32 307 12 26 62 100Tekelec 73.20 313 12 76 12 100AGCO 70.89 3174 50 28 20 98Parametric Technology 68.89 420 35 38 27 100Bio-Rad Laboratories 67.05 688 43 36 16 95CR Bard 66.75 1032 19 69 12 100Quantum 62.56 486 24 67 9 100Macromedia (now part of Adobe Systems) 57.32 254 26 54 20 1003Com 55.09 379 45 42 13 100JDS Uniphase 54.58 415 19 66 16 101AMIS 50.91 293 38 42 20 100Market breadth <strong>by</strong> industry for those of the <strong>top</strong> <strong>1250</strong> global <strong>companies</strong> wherecomparable data is available (see notes on pages 248 to 256)——––––––––––––— Market breadth ——––––––––––––—R&D Sales Europe N. America Rest of World TotalCompany £m £m % % % %Biomet 46.42 1095 26 66 8 100Affymetrix 45.38 214 30 47 18 95Varian Semiconductor Equipment 45.24 350 10 22 68 100Fairchild Semiconductor 45.20 830 11 10 77 98FileNET 44.36 246 26 70 0 96Sealed Air 44.15 2379 29 52 20 101Eclipsys 41.90 223 0 99 0 99Mindspeed Technologies 41.56 65 13 29 57 99Intergraph 40.81 336 31 49 20 100Cell <strong>The</strong>rapeutics 40.06 9 12 71 17 100Cytec Industries 39.90 1704 40 46 14 100IDX Systems(now part of General Electric) 38.88 303 16 82 0 98BE Aerospace 38.21 492 24 47 29 100Progress Software 36.74 236 46 43 11 100Brooks Automation 36.56 270 17 52 31 100Powerwave Technologies 35.55 481 53 36 9 98Weyerhaeuser 35.53 13397 3 88 8 99Nuvelo 33.65 0 0 66 35 101Chemtura 30.19 1819 24 53 18 95Silicon Storage Technology 28.56 251 7 5 88 100Komag 28.47 400 0 5 95 100Armstrong 28.25 2073 24 71 4 99Actel 28.06 104 27 56 17 100Msc Software 27.53 178 38 29 31 98Terex 26.97 2924 42 37 21 100Zebra Technologies 26.79 409 33 52 16 101Genesis Microchip 26.73 157 12 1 87 100Webex Communications 26.63 180 6 91 3 100Micrel 26.25 146 10 25 65 100Bookham 26.11 117 17 70 13 100Alliance Gaming (now Bally Technologies) 25.26 285 3 94 0 97Cabot Microelectronics 25.05 158 9 22 69 100Verifone 24.87 283 18 60 22 100IDEXX Laboratories 23.85 372 24 68 7 99Hercules 23.82 1205 36 53 11 100Sonic Solutions 23.63 87 10 77 13 100DSP 23.47 109 0 1 99 100Trizetto 23.45 170 0 100 0 100webMethods 23.41 122 25 63 12 100MEMC Electronic Matrials 22.12 599 20 28 53 101I2 Technologies 21.75 206 24 53 18 95Photon Dynamics 21.13 73 0 0 100 100Asyst Technologies 20.32 357 4 18 78 100Ametek 20.27 836 21 54 25 100Ess Technology 19.79 106 5 0 91 962 Europe2.1 AustriaZumtobel 21.65 814 80 3 17 100Austriamicrosystems 19.38 123 69 18 14 1012.2 BelgiumAgfa-Gevaert 138.79 2273 52 25 23 100Barco 50.38 489 48 33 19 100Bekaert 30.90 1315 49 32 19 1002.3 CroatiaPliva 70.40 675 62 41 1 1042.4 DenmarkNovo Nordisk 468.41 3110 40 28 32 100Lundbeck 159.72 835 57 29 14 100Danisco 86.87 1926 57 18 25 100Novozymes 73.05 579 44 28 28 100214 <strong>The</strong> <strong>2006</strong> R&D Scoreboard <strong>The</strong> <strong>2006</strong> R&D Scoreboard 215
Market breadth <strong>by</strong> industry for those of the <strong>top</strong> <strong>1250</strong> global <strong>companies</strong> wherecomparable data is available (see notes on pages 248 to 256)——––––––––––––— Market breadth ——––––––––––––—R&D Sales Europe N. America Rest of World TotalCompany £m £m % % % %Danfoss 59.51 1512 71 9 20 100Vestas Wind Systems 59.30 2462 61 25 14 100Grundfos 54.32 1236 69 10 21 100Bang & Olufsen 46.22 345 82 8 10 100William Demant 35.24 434 48 34 18 100Borealis 28.17 3308 90 2 5 97NKT 26.88 806 75 16 9 1002.5 FinlandMetso 60.47 2918 45 21 34 100Stora Enso 60.46 9061 72 17 12 101Orion 54.62 1307 95 3 2 100Wartsila 48.17 1813 42 15 43 100UPM-Kymmene 34.36 6423 73 14 13 100Kone † 29.09 2475 66 22 12 100Amer Sports 27.07 937 38 50 12 100Metsaliitto 25.63 5939 88 3 9 100Cargotec † 20.85 1671 56 28 16 1002.6 FranceSanofi-Aventis 2778.62 18765 44 35 21 100Alcatel 1231.28 9025 48 14 37 99Michelin 388.21 10712 49 36 15 100Schneider 372.48 8024 48 26 26 100Thales 346.02 7052 61 10 29 100SAFRAN 322.94 5972 59 23 18 100AREVA 280.34 6957 63 18 18 99Lagardere 260.41 8941 68 15 17 100Vivendi Universal (now Vivendi) 233.61 13387 73 12 15 100ALSTOM 180.02 9518 45 16 36 97Dassault Systemes 177.93 642 47 30 23 100Bouygues 94.13 16791 83 7 8 98BioMerieux 89.80 683 57 26 17 100Burelle 72.47 1574 71 22 7 100UBIsoft Entertainment 70.83 370 55 41 4 100SNPE 65.00 535 75 14 12 101Infogrames Entertainment 58.88 414 40 52 8 100Suez 58.27 28507 79 10 12 101Gaz De France 50.16 15387 98 0 0 98Veolia Environnement 43.22 17346 81 9 10 100Lafarge 37.79 10972 45 28 23 96Nexans 35.73 3844 66 21 11 98Neopost 33.60 568 59 40 0 99Ingenico 33.42 300 59 21 20 100Groupe SEB 28.51 1692 51 14 34 99Compagnie Generale de Geophysique 27.00 598 41 31 27 99Christian Dior 26.11 10001 36 26 38 100Vilmorin Clause 24.46 342 66 19 14 99Eramet 21.99 1863 50 23 27 100Gameloft 19.58 32 57 29 13 992.7 GermanyVolkswagen 2799.92 65458 73 14 13 100Robert Bosch 2013.88 28869 66 19 15 100Bayer 1295.86 18815 44 27 30 101Boehringer Ingelheim 934.45 6551 33 44 23 100Infineon Technologies 854.06 4644 38 22 40 100BASF 746.39 29370 56 22 22 100Merck 489.90 4033 46 14 39 99Continental 405.66 9507 71 20 10 101ZF 384.09 7443 72 16 12 100ALTANA 319.47 2248 51 28 21 100Deutsche Telekom 297.51 40954 80 20 0 100Carl Zeiss 158.03 1527 63 21 16 100Linde 155.97 6528 71 14 15 100Market breadth <strong>by</strong> industry for those of the <strong>top</strong> <strong>1250</strong> global <strong>companies</strong> wherecomparable data is available (see notes on pages 248 to 256)——––––––––––––— Market breadth ——––––––––––––—R&D Sales Europe N. America Rest of World TotalCompany £m £m % % % %Behr 147.73 2097 64 25 11 100JM Voith 122.99 2440 55 22 23 100Rheinmetall 107.19 2373 78 11 10 99Fresenius 102.38 5421 38 47 14 99Wacker-Chemie 100.93 1893 51 22 26 99Knorr-Bremse 91.11 1885 62 32 6 100Tchibo 74.89 6038 85 8 7 100Dragerwerk 74.45 1121 63 20 17 100Lanxess 69.40 4913 56 27 17 100B Braun Melsungen 66.87 2079 60 24 17 101Cognis Deutschland 63.21 2182 51 24 25 100ZF Lenksysteme 47.14 1531 81 8 11 100Adidas-Salomon 43.29 4559 48 24 28 100Deutz 43.29 909 67 15 19 101Salzgitter 39.51 4914 72 9 18 99Koenig & Bauer 38.07 1114 62 16 22 100Heraeus 37.10 6398 54 26 20 100Grammer 31.01 590 77 18 5 100PUMA 28.86 1221 62 27 11 100Gildemeister 27.89 774 88 7 5 100Jungheinrich 27.64 1130 96 0 0 96WCM 25.05 640 56 22 22 100Beru † 24.79 280 77 12 11 100Sartorius 24.58 333 58 20 23 101Stada Arzneimittel 23.69 702 94 3 3 100Jenoptik 23.67 1315 66 9 25 100Sud-Chemie 23.64 670 46 20 30 96Porsche 23.12 4517 58 34 8 100ELMOS Semiconductor 20.41 101 78 17 5 1002.8 HungaryGedeon Richter 34.35 467 82 8 10 1002.9 IrelandElan 136.18 249 32 68 0 100Kerry 85.71 3044 65 27 7 992.10 ItalyFiat 905.59 31481 69 13 19 101Telecom Italia 123.68 21510 83 1 11 95Italtel 46.40 375 94 1 6 101Sorin 34.12 517 61 23 16 100Recordati 30.89 401 88 2 9 99Zambon 21.30 298 87 10 3 1002.11 LiechtensteinHilti 86.05 1608 66 21 13 1002.12 LuxembourgBasell AF SCA † 44.89 3419 72 18 10 100Gemplus International(now part of Gemalto, <strong>The</strong> Netherlands) 38.38 645 52 29 18 99Tenaris 20.21 3924 23 25 51 992.13 Norway 260.83 59142 85 8 7 100Statoil 91.70 33596 87 9 5 101Norsk Hydro 61.59 14986 81 10 10 101Telenor 60.99 5929 84 0 14 982.14 SloveniaKrka 27.57 381 100 0 0 1002.15 SpainTelefonica 373.78 26029 57 0 41 98Amadeus <strong>Global</strong> Travel † 125.18 1656 66 7 27 100216 <strong>The</strong> <strong>2006</strong> R&D Scoreboard<strong>The</strong> <strong>2006</strong> R&D Scoreboard 217
Market breadth <strong>by</strong> industry for those of the <strong>top</strong> <strong>1250</strong> global <strong>companies</strong> wherecomparable data is available (see notes on pages 248 to 256)——––––––––––––— Market breadth ——––––––––––––—R&D Sales Europe N. America Rest of World TotalCompany £m £m % % % %Indra Sistemas 59.02 826 88 3 9 100Abengoa 38.33 1390 58 13 29 100Zeltia 31.39 50 97 0 0 972.16 SwedenVolvo 772.97 17607 52 29 19 100TeliaSonera 210.42 6416 92 1 7 100Electrolux 160.07 9476 46 40 14 100Sandvik 116.59 4638 45 20 35 100Atlas Copco 92.29 3860 33 38 29 100SKF 62.14 3607 56 20 24 100SAAB 61.77 1414 74 8 18 100Trelleborg 48.23 1769 71 19 11 101SCA 45.16 7055 73 13 14 100Assa Abloy 43.04 2035 48 38 12 98Alfa Laval 32.78 1195 49 17 34 100Haldex 27.59 548 46 48 6 100Hexagon 27.15 705 67 21 12 100OMX 19.25 230 84 6 10 1002.17 SwitzerlandRoche 2521.44 15695 37 38 25 100ABB 427.54 13188 49 19 31 99Ciba Specialty Chemicals 133.03 3279 43 21 33 97Givaudan 97.23 1228 37 32 30 99Actelion 75.78 293 48 45 7 100Kudelski 73.17 304 60 29 11 100Micronas Semiconductor 67.49 373 46 5 49 100Swatch 65.85 1897 49 12 40 101Unaxis 65.41 709 61 19 20 100Rieter 63.95 1397 47 23 30 100Georg Fischer 54.80 1632 78 10 14 102Endress & Hauser 51.00 608 62 17 20 99Saurer 49.16 1079 32 12 56 100Leica Geosystems 47.63 342 51 22 27 100SIG 35.04 997 72 4 24 100Phonak 27.86 383 48 46 6 100Lonza 27.84 1114 50 37 13 100Swisscom 24.75 4301 99 0 0 99SEZ 20.96 138 22 11 67 1002.18 <strong>The</strong> NetherlandsEADS 1626.36 23503 40 26 34 100AKZO Nobel 575.10 8932 58 18 24 100ASML 226.06 1738 9 24 67 100DSM 199.26 5631 50 21 27 98ASM International 69.17 499 15 20 65 100Axalto (now Gemalto) 40.21 578 55 25 21 101Numico 30.92 1366 82 0 13 95Stork 24.59 1249 84 11 5 100CSM 23.84 1882 50 41 4 952.19 <strong>UK</strong>GlaxoSmithKline 3136.00 21660 32 46 23 101BAE Systems 1449.00 11019 41 39 20 100BT 727.00 19514 96 3 0 99Rolls-Royce 352.00 6603 29 39 31 99Royal Bank of Scotland 329.00 25902 82 17 1 100BP 292.40 145308 43 40 17 100HSBC 244.64 33572 36 38 27 101ICI 147.00 5812 32 33 35 100Smiths 143.60 3017 28 57 15 100Invensys 110.00 2713 40 37 23 100Reed Elsevier 102.00 5166 30 58 12 100Misys 89.70 985 56 37 7 100Merial 88.30 1152 37 43 20 100Market breadth <strong>by</strong> industry for those of the <strong>top</strong> <strong>1250</strong> global <strong>companies</strong> wherecomparable data is available (see notes on pages 248 to 256)——––––––––––––— Market breadth ——––––––––––––—R&D Sales Europe N. America Rest of World TotalCompany £m £m % % % %Amdocs 84.14 1187 24 68 8 100Sage 81.61 777 51 41 9 101ARM 80.27 232 14 43 43 100Barclays 68.00 17333 73 14 13 100Smith & Nephew 67.00 1407 31 49 19 99Corus 66.00 10140 80 9 11 100Spirent (now Spirent Communications) 62.80 465 36 43 21 100Johnson Matthey 58.80 4756 41 24 35 100Cadbury Schweppes 58.00 7157 32 28 40 100Tomkins 46.70 3182 14 69 18 101Spectris 44.90 656 43 26 31 100Cobham 42.90 1090 38 40 22 100Cambridge Antibody(now part of AstraZeneca) 39.17 194 1 3 97 101CSR 35.15 283 11 5 84 100Acambis 34.50 41 4 96 0 100Meggitt 30.77 616 38 51 10 99TTP Communications 29.50 62 10 16 74 100Renishaw 29.30 176 40 27 33 100Voca 29.25 89 100 0 0 100BAA(now part of Airport Development and Investment) 27.00 2275 99 0 0 99Vernalis 26.49 14 41 59 0 100Effem (aka Mars) 26.32 2080 100 0 0 100Novar(now part of Honeywell Acquisitions) 26.20 1479 33 63 4 100SkyePharma 26.00 61 78 14 8 100Pace Micro Technology 23.98 253 81 9 10 100Anglo American 23.30 17145 46 9 44 99ProStrakan 22.43 32 99 0 0 99Pilkington(now part of NSG <strong>UK</strong> Enterprises) 22.00 2582 61 22 17 100Rexam 21.00 3237 51 35 14 100Tate & Lyle 21.00 3720 41 40 19 100Imagination Technologies 20.65 35 67 14 19 100Dyson James 19.42 426 52 38 10 1003 Rest of World3.1 ChinaZTE 141.44 1557 0 0 99 993.2 IsraelTeva Pharmaceutical Industries 214.88 3058 29 55 16 100Elbit Systems 41.88 623 10 37 53 100Orbotech 33.04 221 9 13 77 99M-Systems Flash Disk Pioneers(now M-Systems) (now part of SanDisk, USA) 22.38 358 16 36 47 993.3 JapanMatsushita Electric 2787.28 43895 13 14 72 99Toshiba 1717.48 28802 11 14 76 101Fuji Photo Film 898.96 13164 14 21 65 100Takeda Pharmaceutical 698.09 5542 15 26 59 100Aisin Seiki 471.53 9027 9 15 76 100Mazda Motor 448.31 13303 24 28 48 100Suzuki Motor 428.65 11674 21 14 65 100Sankyo (now part of Daiichi Sankyo) 427.14 2901 15 20 66 101Eisai 386.55 2630 10 42 49 101Yamaha Motor 353.44 6787 22 32 47 101Mitsubishi Motors 339.42 10475 31 21 48 100Konica Minolta 325.69 5268 26 25 49 100Yamanouchi Pharmaceutical(now Astellas Pharma) 290.39 2206 20 9 71 100Daiichi Pharmaceutical(now part of Daiichi Sankyo) 283.36 1621 4 14 79 97218 <strong>The</strong> <strong>2006</strong> R&D Scoreboard<strong>The</strong> <strong>2006</strong> R&D Scoreboard 219
Market breadth <strong>by</strong> industry for those of the <strong>top</strong> <strong>1250</strong> global <strong>companies</strong> wherecomparable data is available (see notes on pages 248 to 256)——––––––––––––— Market breadth ——––––––––––––—R&D Sales Europe N. America Rest of World TotalCompany £m £m % % % %Kyocera 268.46 5827 15 21 64 100Fuji Heavy Industries 256.84 7139 8 41 51 100Komatsu 247.80 8399 14 28 57 99Olympus 235.51 4015 30 25 45 100Seiko Epson 211.73 7303 26 18 56 100Kao 196.24 4624 9 9 82 100Mitsui Chemicals 172.14 6058 3 0 93 96Nikon 165.63 3151 22 25 53 100Kyowa Hakko Kogyo 162.25 1744 4 4 92 100Rohm 159.62 1821 5 4 91 100Shin-Etsu Chemical 157.94 5566 12 25 64 101Asahi Glass 156.47 7534 21 12 67 100Ono Pharmaceutical 151.19 717 0 0 99 99Toyota Industries 148.31 6127 18 17 65 100Yokogawa Electric 143.11 1910 9 5 86 100Kirin Brewery 141.77 6094 0 0 95 95Ajinomoto 140.32 5295 10 7 83 100Fuji Electric 134.36 4166 2 2 97 101Calsonic Kansei 128.29 3430 9 26 65 100Brother Industries 124.60 2858 30 36 34 100Daikin Industries 121.32 3597 23 4 72 99Yamaha 113.28 2636 16 16 68 100IHI 104.66 5375 5 9 87 101Nintendo 101.24 2542 24 50 27 101Bandai (now part of Namco Bandai) 96.28 1332 8 8 84 100Japan Radio 92.61 1131 9 5 86 100Casio Computer 89.84 2864 12 9 79 100Kaneka 83.22 2291 10 11 79 100Nitto Denko 82.61 2541 4 6 90 100Shiseido 81.19 3311 12 7 81 100Sumitomo Rubber Industries 80.24 2531 8 11 80 99Nissan Diesel Motor 79.78 2276 0 3 93 96JSR 79.11 1507 0 4 93 97Dainippon Ink & Chemicals 78.55 4949 26 24 50 100East Japan Railway 76.89 12523 0 0 100 100Fanuc 74.70 1630 15 20 64 99NTN 73.80 1917 16 24 60 100NGK Spark Plug 70.87 1190 19 41 40 100Kuraray 68.47 1751 14 9 77 100Kawasaki Heavy Industries 65.06 6127 8 19 73 100Kyorin Pharmaceutical (now Kyorin) 62.67 327 0 12 88 100Dainippon Screen Mfg 62.32 1329 9 12 79 100Santen Pharmaceutical 62.28 457 5 2 93 100Hoya 54.07 1521 12 14 74 100Mitsubishi Gas Chemical 52.93 1918 0 5 93 98NGK Insulators 52.58 1313 9 14 77 100Mitsubishi Materials 51.57 4860 2 7 91 100Citizen Watch 50.42 1763 12 11 77 100Market breadth <strong>by</strong> industry for those of the <strong>top</strong> <strong>1250</strong> global <strong>companies</strong> wherecomparable data is available (see notes on pages 248 to 256)——––––––––––––— Market breadth ——––––––––––––—R&D Sales Europe N. America Rest of World TotalCompany £m £m % % % %Kajima 49.48 8327 2 6 91 99NSK 48.39 2867 16 14 70 100Pentax 48.34 659 28 24 48 100Nippon Shokubai 47.03 973 15 8 77 100Taisei 44.39 8429 0 1 97 98Zeon 44.23 1142 10 11 79 100Tokuyama 43.76 1172 0 0 96 96Hamamatsu Photonics 43.66 365 20 22 58 100Denki Kagaku Kogyo KK 41.66 1382 0 0 95 95Nippon Sheet Glass 39.21 1308 0 1 95 96Shimadzu 39.05 1153 6 8 86 100Yaskawa Electric 38.19 1528 11 13 76 100Nippon Paint 34.68 1001 1 4 95 100Showa 32.58 1153 8 33 58 99Ulvac 31.50 971 1 2 97 100Amada 31.49 992 16 13 71 100Disco 31.35 340 9 8 83 100Tokyo Seimitsu 31.09 418 7 10 79 96Ibiden 29.51 1222 12 11 77 100Central Glass 29.23 958 5 10 85 100Taiheiyo Cement 29.03 4307 0 9 90 99Mitsui Mining & Smelting 29.02 2162 0 13 84 97Tokyo Ohka Kogyo 28.62 439 7 8 85 100Horiba 27.82 456 58 0 42 100Kansai Paint 27.31 971 1 1 98 100Ichikoh Industries 26.83 583 0 9 86 95Nippon Soda 26.34 712 5 5 90 100Toagosei 24.83 712 1 2 97 100Daifuku 24.53 820 0 7 88 95Sumitomo Metal Mining 23.75 2392 0 5 94 99Secom 22.06 2726 0 0 98 98Hirose Electric 21.60 442 7 3 89 99Kurita Water Industries 20.87 794 1 1 99 101Shindengen Electric Manufacturing 20.81 439 4 5 91 100Mabuchi Motor 20.71 464 14 9 77 100Ushio 20.60 588 7 17 76 100Hitachi Zosen 20.26 1667 3 0 94 97Sanyo Chemical Industries 20.12 461 0 5 91 96Komori 19.68 552 22 21 57 100Exedy 19.47 673 0 19 77 96ISEKI 19.44 777 4 5 91 1003.4 South KoreaLG Philips LCD 210.58 5806 13 11 76 1003.5 TaiwanDelta Electronics 68.19 1434 10 24 62 96220 <strong>The</strong> <strong>2006</strong> R&D Scoreboard<strong>The</strong> <strong>2006</strong> R&D Scoreboard 221
Analysis of US patents granted in 2001, 2002, 2003, 2004 and 2005 for <strong>companies</strong>from 13 sectors of the R&D global <strong>1250</strong>. Companies ordered <strong>by</strong> number of 2005 patents.% changeNo of US No of US No of US No of US No of US Total US % change 2005/(2001+Patents Patents Patents Patents Patents Patents 2005/ 2002+2003+Parent Company HQ country 2005 2004 2003 2002 2001 2001-5 2004 2004)/41. Aerospace and DefenceBoeing USA 413 431 270 207 168 1489 -4% 54%United Technologies USA 279 260 285 319 324 1467 7% -6%Lockheed Martin USA 253 274 310 292 282 1411 -8% -13%Northrop Grumman USA 178 247 307 362 449 1543 -28% -48%Raytheon USA 151 178 188 181 183 881 -15% -17%EADS <strong>The</strong> Netherlands 113 117 115 104 66 515 -3% 12%BAE Systems <strong>UK</strong> 92 109 72 109 52 434 -16% 8%Bombardier Canada 69 110 126 136 57 498 -37% -36%Rolls-Royce <strong>UK</strong> 62 73 70 62 50 317 -15% -3%Thales France 62 72 64 73 64 335 -14% -9%Safran France 40 48 36 22 31 177 -17% 17%Rockwell Collins USA 39 56 71 78 55 299 -30% -40%Goodrich USA 32 41 30 37 42 182 -22% -15%Smiths Industries <strong>UK</strong> 26 29 27 22 23 127 -10% 3%General Dynamics USA 23 26 29 33 22 133 -12% -16%Finmeccanica Italy 3 5 4 5 4 21 -40% -33%Dassault France 1 2 0 3 1 7 -50% -33%2. Automotive (Vehicles)Honda Motor Japan 822 867 768 772 660 3889 -5% 7%Toyota Japan 423 484 478 392 401 2178 -13% -4%General Motors USA 398 385 296 202 187 1468 3% 49%Ford Motor USA 355 503 496 502 492 2348 -29% -29%DaimlerChrysler Germany 313 393 374 547 739 2366 -20% -39%Nissan Motor Japan 303 300 274 275 294 1446 1% 6%Yamaha Corporation Japan 270 227 219 204 216 1136 19% 25%Hyundai Motor S. Korea 116 111 105 151 118 601 5% -4%Bayerische Motoren Werke (BMW) Germany 94 94 95 86 90 459 0% 3%Volkswagen Germany 55 56 70 55 77 313 -2% -15%Mazda Japan 47 55 58 55 72 287 -15% -22%Suzuki Motor Corporation Japan 35 38 52 56 57 238 -8% -31%Renault France 21 14 12 17 14 78 50% 47%Peugeot France 16 15 7 9 7 54 7% 68%Fuji Heavy Industries Japan 1 0 1 0 0 2 n/m 300%Istituto Finanziario Industriale (Fiat) Italy 0 4 10 4 3 21 -100% -100%3. Automotive ComponentsRobert Bosch Germany 794 946 787 722 737 3986 -16% -1%Denso Japan 656 704 586 512 463 2921 -7% 16%Delphi Automotive USA 412 565 650 658 343 2628 -27% -26%Visteon USA 199 280 249 198 213 1139 -29% -15%Goodyear Tire USA 167 225 259 283 228 1162 -26% -33%Bridgestone Japan 110 173 174 194 211 862 -36% -41%Valeo France 107 143 160 147 163 720 -25% -30%Aisin Seiki Japan 101 121 117 142 114 595 -17% -18%Michelin France 82 88 109 103 64 446 -7% -10%Autoliv Sweden 77 70 44 42 48 281 10% 51%Continental Germany 77 84 70 93 98 422 -8% -11%ZF Friedrichshafen Germany 53 59 121 88 79 400 -10% -39%GKN <strong>UK</strong> 48 58 69 67 80 322 -17% -30%Johnson Controls USA 30 44 52 60 45 231 -32% -40%4. ChemicalsBayer Germany 306 468 454 530 503 2261 -35% -37%BASF Germany 301 435 493 588 585 2402 -31% -43%Du Pont USA 248 328 340 318 340 1574 -24% -25%Dow Chemical USA 133 163 207 327 371 1201 -18% -50%Shin-Etsu Chemical Japan 117 164 134 137 129 681 -29% -17%Sumitomo Chemical Japan 116 154 180 190 170 810 -25% -33%Monsanto USA 92 50 56 49 73 320 84% 61%Ciba Speciality Chemicals Switzerland 90 107 126 153 125 601 -16% -30%Rohm and Haas USA 89 99 106 88 116 498 -10% -13%Analysis of US patents granted in 2001, 2002, 2003, 2004 and 2005 for <strong>companies</strong>from 13 sectors of the R&D global <strong>1250</strong>. Companies ordered <strong>by</strong> number of 2005 patents.% changeNo of US No of US No of US No of US No of US Total US % change 2005/(2001+Patents Patents Patents Patents Patents Patents 2005/ 2002+2003+Parent Company HQ country 2005 2004 2003 2002 2001 2001-5 2004 2004)/4Mitsubishi Chemical Japan 67 100 110 111 139 527 -33% -42%Mitsui Chemicals Japan 62 75 74 113 103 427 -17% -32%Syngenta Switzerland 61 67 80 79 69 356 -9% -17%Clariant Switzerland 59 77 106 136 93 471 -23% -43%DSM <strong>The</strong> Netherlands 58 66 71 79 87 361 -12% -23%AKZO Nobel <strong>The</strong> Netherlands 56 75 109 97 93 430 -25% -40%PPG Industries USA 56 68 79 67 106 376 -18% -30%Rhodia France 55 69 94 109 94 421 -20% -40%Asahi Kasei Japan 50 68 74 83 70 345 -26% -32%Solvay Belgium 48 48 48 61 73 278 0% -17%Teijin Japan 46 77 73 82 68 346 -40% -39%ICI <strong>UK</strong> 45 68 73 80 102 368 -34% -44%BOC <strong>UK</strong> 44 42 38 57 48 229 5% -5%Toray Industries Japan 38 58 83 108 120 407 -34% -59%L'Air Liquide France 25 23 33 33 45 159 9% -25%Johnson Matthey <strong>UK</strong> 19 17 15 13 9 73 12% 41%Linde Germany 16 14 27 27 28 112 14% -33%Wacker Chemie Germany 11 23 32 34 74 174 -52% -73%Avecia <strong>UK</strong> 9 23 34 26 11 103 -61% -62%LG Chemicals S. Korea 8 14 12 19 13 66 -43% -45%5. Electronic and ElectricalEquipment and LeisureMatsushita Electric Japan 1904 2175 1944 1667 1556 9246 -12% 4%Canon Japan 1868 1855 2084 1979 1997 9783 1% -6%Samsung Electronics S. Korea 1741 1644 1341 1342 1436 7504 6% 21%Sony Group Japan 1445 1725 1617 1723 1629 8139 -16% -14%Siemens Germany 1330 1413 1271 1212 1280 6506 -6% 3%Seiko Epson Corporation Japan 894 876 808 663 535 3776 2% 24%Philips Electronics <strong>The</strong> Netherlands 793 <strong>1250</strong> 1412 898 189 4542 -37% -15%Sharp Japan 651 698 689 698 681 3417 -7% -6%ABB (Asea Brown Boveri) Switzerland 559 651 397 314 334 2255 -14% 32%LG Electronics S. Korea 529 552 439 377 239 2136 -4% 32%Sanyo Electric Japan 367 402 385 409 337 1900 -9% -4%Hon Hai Precision Taiwan 364 629 483 504 192 2172 -42% -19%Olympus Japan 267 340 301 290 289 1487 -21% -12%Pioneer Corporation Japan 252 305 253 210 183 1203 -17% 6%Agilent Technologies USA 209 237 257 210 267 1180 -12% -14%Sumitomo Electric Japan 203 246 261 250 195 1155 -17% -15%LG Philips S. Korea 185 161 134 111 55 646 15% 61%Emerson Electric USA 175 215 217 171 177 955 -19% -10%TDK Japan 168 214 240 264 228 1114 -21% -29%ALSTOM France 156 195 219 234 254 1058 -20% -31%Thomson Licensing France 152 177 186 136 96 747 -14% 2%Omron Japan 93 99 74 52 34 352 -6% 44%Samsung Electro-mechanics S. Korea 84 77 83 47 36 327 9% 38%Alps Electric Japan 82 120 159 149 86 596 -32% -36%Invensys <strong>UK</strong> 22 30 20 29 31 132 -27% -20%Schneider Electric France 18 16 27 28 40 129 13% -35%Pace Micro <strong>UK</strong> 9 9 1 2 0 21 0% 200%Legrand France 5 6 9 13 9 42 -17% -46%Danaher USA 1 2 2 2 0 7 -50% -33%6. General IndustrialsSamsung S. Korea 2001 1935 1584 1569 1623 8712 3% 19%General Electric USA 1152 1256 1412 1671 1215 6706 -8% -17%Mitsubishi Japan 1127 1393 1855 1969 1793 8137 -19% -36%Philips <strong>The</strong> Netherlands 986 1422 1564 1320 1044 6336 -31% -26%LG S. Korea 797 831 455 600 455 3138 -4% 36%Honeywell International USA 485 573 467 464 455 2444 -15% -1%3M USA 468 573 613 570 467 2691 -18% -16%Tyco USA 196 223 227 152 100 898 -12% 12%Eaton USA 127 131 150 166 155 729 -3% -16%JM Voith Germany 60 68 107 147 170 552 -12% -51%222 <strong>The</strong> 2005 R&D Scoreboard<strong>The</strong> 2005 R&D Scoreboard 223
Analysis of US patents granted in 2001, 2002, 2003, 2004 and 2005 for <strong>companies</strong>from 13 sectors of the R&D global <strong>1250</strong>. Companies ordered <strong>by</strong> number of 2005 patents.% changeNo of US No of US No of US No of US No of US Total US % change 2005/(2001+Patents Patents Patents Patents Patents Patents 2005/ 2002+2003+Parent Company HQ country 2005 2004 2003 2002 2001 2001-5 2004 2004)/47. Health CareCarl Zeiss Germany 110 105 90 64 56 425 5% 40%Stryker USA 110 106 91 64 56 427 4% 39%Boston Scientific USA 90 17 20 27 51 205 429% 213%Becton Dickinson USA 62 90 129 99 135 515 -31% -45%Baxter International USA 53 49 73 56 80 311 8% -18%Zimmer USA 37 32 28 25 13 135 16% 51%Smith & Nephew <strong>UK</strong> 33 33 31 22 25 144 0% 19%St Jude Medical USA 33 41 50 23 43 190 -20% -16%Beckman Coulter USA 22 16 17 11 12 78 38% 57%Medtronic USA 13 14 18 13 21 79 -7% -21%Fresenius Germany 7 34 18 14 17 90 -79% -66%8. Household GoodsProcter & Gamble USA 341 443 487 480 484 2235 -23% -28%Henkel Germany 79 120 184 139 184 706 -34% -50%Whirlpool USA 61 53 81 57 23 275 15% 14%Reckitt Benckiser <strong>UK</strong> 31 61 53 26 26 197 -49% -25%Electrolux Sweden 29 22 33 24 28 136 32% 8%Sekisui Chemical Japan 17 11 20 13 6 67 55% 36%Dyson James <strong>UK</strong> 14 6 14 7 0 41 133% 107%9. Personal CareKimberly-Clark USA 249 312 418 292 348 1619 -20% -27%L'Oreal France 119 140 221 291 279 1050 -15% -49%Kao Corporation Japan 90 101 93 96 95 475 -11% -6%Colgate-Palmolive USA 56 84 157 181 128 606 -33% -59%Gillette USA 55 55 57 70 83 320 0% -17%International Flavors & Fragrances USA 12 7 13 20 21 73 71% -21%Shiseido Japan 8 12 24 24 34 102 -33% -66%Givaudan Switzerland 5 8 6 18 19 56 -38% -61%Yue Yuen Industrial China 0 0 0 0 0 0 - -10. Pharmaceuticals & BiotechnologyPfizer USA 349 407 419 408 387 1970 -14% -14%Johnson & Johnson USA 316 324 432 381 425 1878 -2% -19%E Merck Germany 177 104 121 101 77 580 70% 76%Sanofi-Aventis France 173 217 293 387 319 1389 -20% -43%Bristol-Myers Squibb USA 139 143 187 138 107 714 -3% -3%AstraZeneca <strong>UK</strong> 114 117 113 155 190 689 -3% -21%Roche Switzerland 111 159 224 211 241 946 -30% -47%GlaxoSmithKline <strong>UK</strong> 106 151 204 296 439 1196 -30% -61%Novartis Switzerland 86 90 103 112 156 547 -4% -25%Applera USA 80 89 61 25 4 259 -10% 79%Wyeth USA 78 110 97 146 87 518 -29% -29%Schering Germany 73 70 101 98 101 443 4% -21%Merck & Co USA 68 63 172 198 204 705 8% -57%Boehringer Ingelheim Germany 67 86 74 91 77 395 -22% -18%Eli Lilly USA 65 66 113 136 128 508 -2% -41%Novo Nordisk Denmark 61 66 113 94 163 497 -8% -44%Sankyo Japan 61 65 69 54 55 304 -6% 0%Abbott Laboratories USA 54 69 113 115 129 480 -22% -49%Altana Germany 38 24 27 30 48 167 58% 18%Allergan USA 37 46 51 80 84 298 -20% -43%Chiron USA 35 42 43 59 64 243 -17% -33%Genzyme USA 24 20 31 37 25 137 20% -15%Kyowa Hakko Kogyo Japan 24 24 38 34 38 158 0% -28%Takeda Chemical Japan 19 39 49 65 103 275 -51% -70%Teva Pharmaceutical Industries Israel 19 21 26 11 10 87 -10% 12%UCB Celltech Belgium 18 25 27 33 24 127 -28% -34%Eisai Japan 17 23 29 24 27 120 -26% -34%Amgen USA 14 13 14 4 0 45 8% 81%MedImmune USA 13 10 7 5 5 40 30% 93%Biogen Idec USA 12 9 14 8 14 57 33% 7%Daiichi Pharmaceutical Japan 12 16 21 24 13 86 -25% -35%Mitsubishi Pharma Japan 12 6 6 7 0 31 100% 153%Analysis of US patents granted in 2001, 2002, 2003, 2004 and 2005 for <strong>companies</strong>from 13 sectors of the R&D global <strong>1250</strong>. Companies ordered <strong>by</strong> number of 2005 patents.% changeNo of US No of US No of US No of US No of US Total US % change 2005/(2001+Patents Patents Patents Patents Patents Patents 2005/ 2002+2003+Parent Company HQ country 2005 2004 2003 2002 2001 2001-5 2004 2004)/4Yamanouchi Japan 11 14 13 10 12 60 -21% -10%Cephalon USA 6 7 6 14 11 44 -14% -37%Schering-Plough USA 6 14 14 16 22 72 -57% -64%Millennium Pharmaceutical USA 3 51 75 83 73 285 -94% -96%Serono Switzerland 3 0 0 0 0 3 n/m n/mForest Labs USA 0 0 0 0 0 0 - -Shire Pharmaceuticals <strong>UK</strong> 0 0 0 0 0 0 - -11. Software and Computer ServicesInternational Business Machines USA 2962 3251 3402 3316 3429 16360 -9% -12%Microsoft USA 787 659 520 511 455 2932 19% 47%Oracle USA 102 104 69 92 70 437 -2% 22%Cadence Design Systems USA 93 56 42 17 11 219 66% 195%Unisys USA 84 117 99 120 109 529 -28% -24%Synopsys USA 42 20 20 31 24 137 110% 77%Autodesk USA 41 27 25 28 19 140 52% 66%Adobe Systems USA 40 45 32 29 42 188 -11% 8%Veritas USA 33 20 4 1 4 62 65% 355%SAP Germany 20 11 7 10 7 55 82% 129%Sega Japan 20 36 51 49 49 205 -44% -57%Computer Associates USA 15 5 10 23 11 64 200% 22%Yahoo ! USA 13 5 8 5 2 33 160% 160%Symantec USA 12 6 9 6 5 38 100% 85%BMC Software USA 8 6 9 3 3 29 33% 52%Google USA 7 3 4 0 0 14 133% 300%Amdocs <strong>UK</strong> 5 0 3 2 0 10 n/m 300%Dassault Systemes France 3 5 6 4 2 20 -40% -29%Electronic Arts USA 1 2 3 1 0 7 -50% -33%Intuit USA 1 1 0 2 0 4 0% 33%Cerner USA 0 1 0 0 0 1 -100% -100%Misys <strong>UK</strong> 0 0 0 0 0 0 - -Sage <strong>UK</strong> 0 0 0 0 0 0 - -12. Technology HardwareHitachi Japan 1968 2181 2314 1920 1565 9948 -10% -1%Hewlett-Packard USA 1833 1822 1778 1448 1394 8275 1% 14%Micron Technology USA 1556 1758 1706 1834 1639 8493 -11% -10%Intel USA 1553 1607 1602 1092 817 6671 -3% 21%Toshiba Japan 1405 1523 1472 1420 1388 7208 -8% -3%Fujitsu Japan 1343 1500 1471 1375 1269 6958 -10% -4%National Semiconductor USA 1105 1334 1672 1869 1977 7957 -17% -35%Infineon Germany 841 860 721 527 299 3248 -2% 40%Texas Instruments USA 736 912 777 732 840 3997 -19% -10%Xerox Corporation USA 671 721 654 703 731 3480 -7% -4%Sun Microsystems USA 652 685 583 508 439 2867 -5% 18%Nokia Finland 542 711 629 503 402 2787 -24% -3%Advanced Micro Devices USA 522 792 904 1141 1075 4434 -34% -47%Motorola USA 497 633 676 749 820 3375 -21% -31%Ricoh Japan 497 556 444 364 412 2273 -11% 12%Cisco Systems USA 461 445 364 240 183 1693 4% 50%Taiwan Semiconductor Taiwan 440 462 429 450 529 2310 -5% -6%STMicroelectronics <strong>The</strong> Netherlands 427 464 472 552 472 2387 -8% -13%Broadcom USA 415 298 170 80 46 1009 39% 179%Ericsson Sweden 410 512 658 776 792 3148 -20% -40%Lucent USA 408 549 632 675 1129 3393 -26% -45%Nortel Networks Canada 382 497 442 423 464 2208 -23% -16%Applied Materials USA 364 362 536 500 446 2208 1% -21%LSI Logic USA 341 378 377 308 289 1693 -10% 1%Freescale Seminconductor USA 251 135 0 0 0 386 86% 644%Alcatel France 237 336 347 379 429 1728 -29% -36%Murata Manufacturing Japan 227 392 444 440 316 1819 -42% -43%NEC Corporation USA 224 218 217 208 194 1061 3% 7%Tokyo Electron Japan 209 242 202 251 216 1120 -14% -8%Qualcomm USA 200 284 179 197 173 1033 -30% -4%Agere Systems USA 174 282 334 419 318 1527 -38% -49%224 <strong>The</strong> 2005 R&D Scoreboard<strong>The</strong> 2005 R&D Scoreboard 225
Analysis of US patents granted in 2001, 2002, 2003, 2004 and 2005 for <strong>companies</strong>from 13 sectors of the R&D global <strong>1250</strong>. Companies ordered <strong>by</strong> number of 2005 patents.% changeNo of US No of US No of US No of US No of US Total US % change 2005/(2001+Patents Patents Patents Patents Patents Patents 2005/ 2002+2003+Parent Company HQ country 2005 2004 2003 2002 2001 2001-5 2004 2004)/4ASML <strong>The</strong> Netherlands 142 105 51 35 1 334 35% 196%Analog Devices USA 140 134 120 72 66 532 4% 43%Corning USA 139 299 344 355 342 1479 -54% -59%Dell USA 132 134 134 112 134 646 -1% 3%EMC USA 130 132 137 103 92 594 -2% 12%Apple USA 103 122 99 92 109 525 -16% -2%Kyocera Japan 98 96 92 90 84 460 2% 8%3Com USA 90 182 206 204 238 920 -51% -57%Mitsubishi Electric Japan 87 115 102 128 61 493 -24% -14%Nvidia USA 53 43 27 20 14 157 23% 104%Avaya USA 47 82 98 128 169 524 -43% -61%Juniper Networks USA 45 13 12 7 1 78 246% 445%Marconi (now Telent) <strong>UK</strong> 31 59 61 93 96 340 -47% -60%Conexant Systems USA 28 50 82 137 131 428 -44% -72%ARM <strong>UK</strong> 25 16 14 14 17 86 56% 64%Tellabs USA 19 20 25 12 10 86 -5% 13%Bookham Technology USA 13 15 24 7 15 74 -13% -15%Spirent <strong>UK</strong> 6 2 3 0 1 12 200% 300%CSR <strong>UK</strong> 0 0 0 0 0 0 - -Analysis of US patents granted in 2001, 2002, 2003, 2004 and 2005 for <strong>companies</strong>from 13 sectors of the R&D global <strong>1250</strong>. Companies ordered <strong>by</strong> number of 2005 patents.% changeNo of US No of US No of US No of US No of US Total US % change 2005/(2001+Patents Patents Patents Patents Patents Patents 2005/ 2002+2003+Parent Company HQ country 2005 2004 2003 2002 2001 2001-5 2004 2004)/413. Telecommunications Services(Fixed line and Mobile)BellSouth USA 189 180 89 64 31 553 5% 108%Sprint USA 97 83 54 42 28 304 17% 87%NTT Japan 91 82 81 85 99 438 11% 5%Verizon Communications USA 70 66 22 60 24 242 6% 63%SBC USA 65 78 24 17 8 192 -17% 105%BT <strong>UK</strong> 30 30 48 58 90 256 0% -47%France Telecom France 26 45 32 30 39 172 -42% -29%Deutsche Telekom Germany 16 18 28 20 27 109 -11% -31%Korea Telecom S. Korea 8 8 8 22 15 61 0% -40%SK Telecom S. Korea 4 6 3 2 3 18 -33% 14%Vodafone <strong>UK</strong> 4 2 1 2 0 9 100% 220%Telecom Italia Italy 2 9 5 2 3 21 -78% -58%Telstra Australia 2 1 0 0 3 6 100% 100%Telefonica Spain 0 0 0 0 3 3 0% -100%226 <strong>The</strong> 2005 R&D Scoreboard<strong>The</strong> 2005 R&D Scoreboard 227
Index for ranking the <strong>top</strong> <strong>1250</strong> global <strong>companies</strong>Index for ranking the <strong>top</strong> <strong>1250</strong> global <strong>companies</strong>RankwithinCompany Rank Industry Industry Sector3Com, USA 609 113 Technology hardware & equipment3M, USA 103 5 General industrialsAastra Technologies, Canada 1063 191 Technology hardware & equipmentABB, Switzerland 113 8 Electronic & electrical equipmentAbbott Laboratories, USA 58 14 Pharmaceuticals & biotechnologyAbengoa, Spain 791 25 General industrialsAbgenix, USA (now part of Amgen) 509 69 Pharmaceuticals & biotechnologyAcambis, <strong>UK</strong> 853 109 Pharmaceuticals & biotechnologyAccenture, Bermuda 294 2 Support servicesAccton Technology, Taiwan 1200 215 Technology hardware & equipmentActel, USA 983 178 Technology hardware & equipmentActelion, Switzerland 474 61 Pharmaceuticals & biotechnologyActivision, USA 466 17 Leisure goodsAcxiom, USA 1164 12 Support servicesAdaptec, USA 835 152 Technology hardware & equipmentADC Telecommunications, USA 746 138 Technology hardware & equipmentAdidas-Salomon, Germany 725 10 Personal goodsAdobe Systems, USA 198 11 Software & computer servicesADTRAN, USA 822 149 Technology hardware & equipmentAdvanced Digital Information, USA 1082 196 Technology hardware & equipmentAdvanced Energy Industries, USA 1129 203 Technology hardware & equipmentAdvanced Medical Optics, USA 826 30 Health care equipment & servicesAdvanced Micro Devices, USA 78 20 Technology hardware & equipmentAdvanced Semiconductor Engineering, Taiwan 666 128 Technology hardware & equipmentAdvantest, Japan 317 69 Technology hardware & equipmentAdvent Software, USA 1237 110 Software & computer servicesAeroflex, USA 828 150 Technology hardware & equipmentAffymetrix, USA 707 27 Health care equipment & servicesAGCO, USA 501 21 Industrial engineeringAgere Systems, USA 165 31 Technology hardware & equipmentAgfa-Gevaert, Belgium 303 24 Electronic & electrical equipmentAgilent Technologies, USA 111 7 Electronic & electrical equipmentAir Products and Chemicals, USA 462 33 ChemicalsAisin Seiki, Japan 100 17 Automobiles & partsAjinomoto, Japan 300 3 Food producersAkebono Brake Industry, Japan 688 55 Automobiles & partsAKZO Nobel, <strong>The</strong> Netherlands 90 5 ChemicalsAlbemarle, USA 1097 87 ChemicalsAlcan, Canada 312 2 Industrial metalsAlcatel, France 49 10 Technology hardware & equipmentAlCoA, USA 353 5 Industrial metalsAlexion Pharmaceuticals, USA 637 84 Pharmaceuticals & biotechnologyAlfa Laval, Sweden 882 47 Industrial engineeringAlkermes, USA 1069 137 Pharmaceuticals & biotechnologyAllergan, USA 187 32 Pharmaceuticals & biotechnologyAlliance Gaming (now Bally Technologies), USA 1068 9 Travel & leisureAlliant Techsystems, USA 931 29 Aerospace & defenceAlltel, USA 1005 6 Mobile telecommunicationsAloka, Japan 1142 48 Health care equipment & servicesALSTOM, France 238 17 Electronic & electrical equipmentALTANA, Germany 147 25 Pharmaceuticals & biotechnologyAltera, USA 329 72 Technology hardware & equipmentAltiris, USA 1103 87 Software & computer servicesAltria, USA 91 1 TobaccoAmada, Japan 898 49 Industrial engineeringAmadeus <strong>Global</strong> Travel, Spain † 324 1 Travel & leisureAmazon.com, USA 148 1 General retailersAmdocs, <strong>UK</strong> 434 29 Software & computer servicesAmer Sports, Finland 1015 26 Leisure goodsAmerican Axle & Manufacturing, USA 735 59 Automobiles & partsAmerican Power Conversion, USA 636 120 Technology hardware & equipmentAmerican Standard Companies, USA 525 6 Construction & materialsAmetek, USA 1208 99 Electronic & electrical equipmentAmgen, USA 45 12 Pharmaceuticals & biotechnologyAMIS, USA 654 126 Technology hardware & equipmentAmkor Technology, USA 1167 210 Technology hardware & equipmentRankwithinCompany Rank Industry Industry SectorAmphenol, USA 1164 89 Electronic & electrical equipmentAmylin Pharmaceuticals, USA 703 89 Pharmaceuticals & biotechnologyAnalog Devices, USA 158 29 Technology hardware & equipmentAnalogic, USA 815 64 Electronic & electrical equipmentAndrew, USA 551 104 Technology hardware & equipmentAndrx, USA 1054 6 Food & drug retailersAnglo American, <strong>UK</strong> 1125 2 MiningAnritsu, Japan 641 122 Technology hardware & equipmentAntigenics, USA 1006 128 Pharmaceuticals & biotechnologyAO Smith, USA 1185 95 Electronic & electrical equipmentApple Computer, USA 151 28 Technology hardware & equipmentApplera, USA 222 36 Pharmaceuticals & biotechnologyApplied Materials, USA 92 23 Technology hardware & equipmentApplied Micro Circuits, USA 500 95 Technology hardware & equipmentAptarGroup, USA 1033 34 General industrialsArbitron, USA 1147 10 MediaArcelor, Luxembourg 398 7 Industrial metalsAREVA, France 161 1 ElectricityAriad Pharmaceuticals, USA 1030 130 Pharmaceuticals & biotechnologyAriba, USA 1004 74 Software & computer servicesAristocrat Leisure, Australia 982 8 Travel & leisureArla Foods, Denmark 1062 16 Food producersARM, <strong>UK</strong> 446 85 Technology hardware & equipmentArmstrong, USA 979 14 Household goodsArris, USA 848 156 Technology hardware & equipmentArtesyn Technologies, USA (now part of Emerson Electric) 971 80 Electronic & electrical equipmentAruze, Japan 964 7 Travel & leisureArvinMeritor, USA 378 41 Automobiles & partsAsahi Breweries, Japan 760 2 BeveragesAsahi Glass, Japan 276 2 Construction & materialsAsahi Kasei, Japan 170 11 ChemicalsAshland, USA 1045 84 ChemicalsASM International, <strong>The</strong> Netherlands 507 96 Technology hardware & equipmentASML, <strong>The</strong> Netherlands 189 37 Technology hardware & equipmentAspect Communications (now Aspect Software), USA 1054 81 Software & computer servicesAspen Technology, USA 887 66 Software & computer servicesAssa Abloy, Sweden 731 39 Industrial engineeringAstraZeneca, <strong>UK</strong> 28 8 Pharmaceuticals & biotechnologyAsustek Computer, Taiwan 363 77 Technology hardware & equipmentAsyst Technologies, USA 1207 217 Technology hardware & equipmentAtheros Communications, USA 991 180 Technology hardware & equipmentATI Technologies, Canada 225 47 Technology hardware & equipmentAtlas Copco, Sweden 409 14 Industrial engineeringAtmel, USA 263 56 Technology hardware & equipmentAU Optronics, Taiwan 425 32 Electronic & electrical equipmentAustriamicrosystems, Austria 1241 100 Electronic & electrical equipmentAutodesk, USA 244 16 Software & computer servicesAutoliv, Sweden 191 29 Automobiles & partsAutomatic Data Processing, USA 129 1 Support servicesAvanex, USA 1247 225 Technology hardware & equipmentAvaya, USA 186 36 Technology hardware & equipmentAvecia, <strong>UK</strong> 706 56 ChemicalsAvery Dennison, USA 662 50 ChemicalsAvid Technology, USA 538 102 Technology hardware & equipmentAvocent, USA 878 163 Technology hardware & equipmentAvon Products, USA 807 12 Personal goodsAxalto (now Gemalto), <strong>The</strong> Netherlands 769 59 Electronic & electrical equipmentAxcelis Technologies, USA 753 140 Technology hardware & equipmentB Braun Melsungen, Germany 523 21 Health care equipment & servicesBAA, <strong>UK</strong> (now part of Airport Development and Investment) 1018 5 Industrial transportationBAE Systems, <strong>UK</strong> 41 2 Aerospace & defenceBaker Hughes, USA 361 3 Oil equipment, services & distributionBallard Power Systems, Canada 720 58 Automobiles & partsBanca Intesa, Italy 392 3 BanksBandai, Japan (now part of Namco Bandai) 395 13 Leisure goodsBang & Olufsen, Denmark 699 21 Leisure goods228 <strong>The</strong> <strong>2006</strong> R&D Scoreboard<strong>The</strong> <strong>2006</strong> R&D Scoreboard 229
Index for ranking the <strong>top</strong> <strong>1250</strong> global <strong>companies</strong>Index for ranking the <strong>top</strong> <strong>1250</strong> global <strong>companies</strong>RankwithinCompany Rank Industry Industry SectorBarclays, <strong>UK</strong> 517 5 BanksBarco, Belgium 657 49 Electronic & electrical equipmentBarilla GeR Fratelli, Italy 1196 22 Food producersBarr Pharmaceuticals, USA 476 62 Pharmaceuticals & biotechnologyBasell AF SCA, Luxembourg † 713 57 ChemicalsBASF, Germany 71 3 ChemicalsBasilea Pharmaceuticals, Switzerland 890 114 Pharmaceuticals & biotechnologyBAT, <strong>UK</strong> 528 3 TobaccoBausch & Lomb, USA 401 12 Health care equipment & servicesBaxter International, USA 152 4 Health care equipment & servicesBayer, Germany 46 1 ChemicalsBE Aerospace, USA 795 24 Aerospace & defenceBEA Systems, USA 366 22 Software & computer servicesBeckman Coulter, USA 333 9 Health care equipment & servicesBecton Dickinson, USA 271 7 Health care equipment & servicesBehr, Germany 284 34 Automobiles & partsBekaert, Belgium 911 17 Industrial metalsBelgacom, Belgium 924 14 Fixed line telecommunicationsBenq, Taiwan 306 65 Technology hardware & equipmentBerna Biotech, Switzerland 1155 145 Pharmaceuticals & biotechnologyBeru, Germany † 1081 71 Automobiles & partsBIC, France 1237 24 Household goodsBio-Rad Laboratories, USA 520 18 Health care equipment & servicesBiogen Idec, USA 110 20 Pharmaceuticals & biotechnologyBiomarin Pharmaceutical, USA 1060 134 Pharmaceuticals & biotechnologyBioMerieux, France 415 13 Health care equipment & servicesBiomet, USA 697 26 Health care equipment & servicesBiosite, USA 1087 43 Health care equipment & servicesBiovail, Canada 840 107 Pharmaceuticals & biotechnologyBiovitrum, Sweden 740 91 Pharmaceuticals & biotechnologyBJ Services, USA 895 6 Oil equipment, services & distributionBlack & Decker, USA 459 6 Household goodsBMC Software, USA 275 18 Software & computer servicesBMW, Germany 23 7 Automobiles & partsBobst, Switzerland 768 42 Industrial engineeringBOC, <strong>UK</strong> 729 60 ChemicalsBoehringer Ingelheim, Germany 61 15 Pharmaceuticals & biotechnologyBoeing, USA 47 3 Aerospace & defenceBombardier, Canada 378 17 Aerospace & defenceBookham, USA 1049 189 Technology hardware & equipmentBorealis, Denmark 981 79 ChemicalsBorgWarner, USA 406 44 Automobiles & partsBorland Software, USA 870 64 Software & computer servicesBoston Scientific, USA 118 2 Health care equipment & servicesBouygues, France 405 3 Construction & materialsBP, <strong>UK</strong> 156 4 Oil & gas producersBrembo, Italy 1227 77 Automobiles & partsBridgestone, Japan 120 22 Automobiles & partsBriggs & Stratton, USA 1233 23 Household goodsBristol-Myers Squibb, USA 37 11 Pharmaceuticals & biotechnologyBritish Nuclear Fuels (now British Nuclear Group Sellafield), <strong>UK</strong> 611 8 ElectricityBroadcom, USA 125 26 Technology hardware & equipmentBrocade Communications, USA 469 91 Technology hardware & equipmentBrooks Automation, USA 821 148 Technology hardware & equipmentBrother Industries, Japan 325 26 Electronic & electrical equipmentBruker Biosciences, USA 1136 47 Health care equipment & servicesBrunswick, USA 432 16 Leisure goodsBT, <strong>UK</strong> 73 2 Fixed line telecommunicationsBucher Industries, Switzerland 985 54 Industrial engineeringBull, France 846 155 Technology hardware & equipmentBurelle, France 496 48 Automobiles & partsBusiness Objects, France 400 26 Software & computer servicesC-Cor, USA 1159 207 Technology hardware & equipmentCA, USA 105 5 Software & computer servicesCabot, USA 855 70 ChemicalsCabot Microelectronics, USA 1070 193 Technology hardware & equipmentRankwithinCompany Rank Industry Industry SectorCadbury Schweppes, <strong>UK</strong> 590 10 Food producersCadence Design Systems, USA 174 9 Software & computer servicesCae, Canada 837 63 Software & computer servicesCalsonic Kansei, Japan 319 35 Automobiles & partsCambridge Antibody, <strong>UK</strong> (now part of AstraZeneca) 779 99 Pharmaceuticals & biotechnologyCampbell Soup, USA 606 11 Food producersCanon, Japan 42 3 Electronic & electrical equipmentCardinal Health, USA 515 4 Food & drug retailersCargotec, Finland † 1189 66 Industrial engineeringCarl Zeiss, Germany 272 8 Health care equipment & servicesCasio Computer, Japan 414 14 Leisure goodsCaterpillar, USA 84 2 Industrial engineeringCelanese, USA 631 45 ChemicalsCelgene, USA 423 53 Pharmaceuticals & biotechnologyCell Genesys, USA 627 83 Pharmaceuticals & biotechnologyCell <strong>The</strong>rapeutics, USA 770 98 Pharmaceuticals & biotechnologyCentral Glass, Japan 950 16 Construction & materialsCephalon, USA 206 35 Pharmaceuticals & biotechnologyCerner, USA 269 17 Software & computer servicesCertegy (now Fidelity National Information), USA 527 3 Support servicesCGI, Canada 782 56 Software & computer servicesCheck Point Software Technologies, Israel 944 71 Software & computer servicesCheckFree, USA 682 47 Software & computer servicesChemtura, USA 926 74 ChemicalsChevron, USA 233 7 Oil & gas producersChi Mei Optoelectronic, Taiwan 470 35 Electronic & electrical equipmentChina Motor, Taiwan 755 61 Automobiles & partsChina Petroleum & Chemical, China 260 8 Oil & gas producersChina Steel, Taiwan 1172 24 Industrial metalsChiron, USA (now part of Novartis, Switzerland) 175 30 Pharmaceuticals & biotechnologyChr Hansen (now ALK-Abello), Denmark 763 96 Pharmaceuticals & biotechnologyChristian Dior, France 1049 15 Personal goodsChubu Electric Power, Japan 455 6 ElectricityChugoku Electric Power, Japan 759 11 ElectricityChunghwa Picture Tubes, Taiwan 553 39 Electronic & electrical equipmentChunghwa Telecom, Taiwan 702 12 Fixed line telecommunicationsChurch & Dwight, USA 1144 20 Household goodsCiba Specialty Chemicals, Switzerland 309 21 ChemicalsCiena, USA 449 87 Technology hardware & equipmentCirrus Logic, USA 1043 186 Technology hardware & equipmentCisco Systems, USA 30 6 Technology hardware & equipmentCitizen Watch, Japan 656 32 Industrial engineeringCitrix Systems, USA 545 34 Software & computer servicesClaas, Germany 757 40 Industrial engineeringClariant, Switzerland 394 25 ChemicalsClorox, USA 647 20 General industrialsCNOOC, China 963 15 Oil & gas producersCobham, <strong>UK</strong> 734 20 Aerospace & defenceCognis Deutschland, Germany 546 37 ChemicalsCognos, Canada 562 35 Software & computer servicesCoherent, USA 872 162 Technology hardware & equipmentColgate-Palmolive, USA 291 4 Personal goodsColoplast, Denmark 1228 52 Health care equipment & servicesCompagnie Generale de Geophysique, France 1018 8 Oil equipment, services & distributionCompal Electronics, Taiwan 640 46 Electronic & electrical equipmentCompuware, USA 408 27 Software & computer servicesComverse Technology, USA 301 63 Technology hardware & equipmentConexant Systems, USA 277 58 Technology hardware & equipmentConocoPhillips, USA 494 11 Oil & gas producersContinental, Germany 116 21 Automobiles & partsConvergys, USA 714 7 Support servicesCookson, <strong>UK</strong> 1153 36 General industrialsCooper Companies, USA 1073 41 Health care equipment & servicesCooper Industries, USA 749 56 Electronic & electrical equipmentCorning, USA 168 33 Technology hardware & equipmentCorus, <strong>UK</strong> 528 10 Industrial metals230 <strong>The</strong> <strong>2006</strong> R&D Scoreboard<strong>The</strong> <strong>2006</strong> R&D Scoreboard 231
Index for ranking the <strong>top</strong> <strong>1250</strong> global <strong>companies</strong>Index for ranking the <strong>top</strong> <strong>1250</strong> global <strong>companies</strong>RankwithinCompany Rank Industry Industry SectorCR Bard, USA 524 22 Health care equipment & servicesCrane, USA 1023 59 Industrial engineeringCray, USA 1096 197 Technology hardware & equipmentCreative Technology, Singapore 683 130 Technology hardware & equipmentCredence Systems, USA 626 117 Technology hardware & equipmentCree, USA 1075 194 Technology hardware & equipmentCrown, USA 1007 32 General industrialsCSG Systems International, USA 1226 108 Software & computer servicesCSL, Australia 559 76 Pharmaceuticals & biotechnologyCSM, <strong>The</strong> Netherlands 1108 20 Food producersCSR, <strong>UK</strong> 843 154 Technology hardware & equipmentCubist Pharmaceuticals, USA 969 122 Pharmaceuticals & biotechnologyCummins, USA 259 8 Industrial engineeringCuraGen, USA 844 108 Pharmaceuticals & biotechnologyCurtiss-Wright, USA 1133 34 Aerospace & defenceCV <strong>The</strong>rapeutics, USA 542 71 Pharmaceuticals & biotechnologyCymer, USA 810 144 Technology hardware & equipmentCypress Semiconductor, USA 313 67 Technology hardware & equipmentCytec Industries, USA 774 64 ChemicalsD-Link, Taiwan 1192 102 Software & computer servicesDade Behring, USA 438 56 Pharmaceuticals & biotechnologyDaewoo Shipbuilding & Marine, South Korea 1100 6 Industrial transportationDai Nippon Printing, Japan 314 4 MediaDaicel Chemical Industries, Japan 605 42 ChemicalsDaifuku, Japan 1091 63 Industrial engineeringDaiichi Pharmaceutical, Japan (now part of Daiichi Sankyo) 159 27 Pharmaceuticals & biotechnologyDaikin Industries, Japan 334 27 Electronic & electrical equipmentDaimlerChrysler, Germany 4 3 Automobiles & partsDainippon Ink & Chemicals, Japan 457 31 ChemicalsDainippon Pharmaceutical (now Dainippon Sumitomo Pharmaceutical), Japan 426 54 Pharmaceuticals & biotechnologyDainippon Screen Mfg, Japan 557 18 General industrialsDaiwa House Industry, Japan 980 15 Household goodsDana, USA 264 32 Automobiles & partsDanaher, USA 194 14 Electronic & electrical equipmentDanfoss, Denmark 578 28 Industrial engineeringDanisco, Denmark 424 6 Food producersDanone, France 428 7 Food producersDanske Bank, Denmark 794 8 BanksDassault Aviation, France 220 13 Aerospace & defenceDassault Systemes, France 241 15 Software & computer servicesDatascope, USA 1180 50 Health care equipment & servicesdeCODE genetics, Iceland 875 112 Pharmaceuticals & biotechnologyDeere, USA 119 3 Industrial engineeringDell, USA 164 30 Technology hardware & equipmentDelphi, USA 48 13 Automobiles & partsDelta Electronics, Taiwan 516 38 Electronic & electrical equipmentDenki Kagaku Kogyo KK, Japan 748 62 ChemicalsDenso, Japan 52 14 Automobiles & partsDentsply International, USA 1007 38 Health care equipment & servicesDeutsche Borse, Germany 663 2 General financialDeutsche Post, Germany 338 1 Industrial transportationDeutsche Telekom, Germany 153 5 Fixed line telecommunicationsDeutz, Germany 725 38 Industrial engineeringDexia, Belgium 880 9 BanksDiagnostic Products, USA (now part of Siemens, Germany) 923 34 Health care equipment & servicesDialog Semiconductor, <strong>UK</strong> 1244 223 Technology hardware & equipmentDiebold, USA 841 153 Technology hardware & equipmentDiehl Stiftung, Germany 358 12 General industrialsDisco, Japan 903 165 Technology hardware & equipmentDoubleClick, USA 1016 75 Software & computer servicesDover, USA 355 11 General industrialsDow Chemical, USA 85 4 ChemicalsDr Reddy's Laboratories, India 936 121 Pharmaceuticals & biotechnologyDragerwerk, Germany 479 16 Health care equipment & servicesDRS Technologies, USA 995 30 Aerospace & defenceDSM, <strong>The</strong> Netherlands 214 12 ChemicalsRankwithinCompany Rank Industry Industry SectorDSP, USA 1119 202 Technology hardware & equipmentDST Systems, USA 471 31 Software & computer servicesDyson James, <strong>UK</strong> 1240 25 Household goodsEADS, <strong>The</strong> Netherlands 34 1 Aerospace & defenceEast Japan Railway, Japan 465 2 Industrial transportationEastman Chemical, USA 403 26 ChemicalsEastman Kodak, USA 95 5 Leisure goodsEaton, USA 252 7 General industrialsEbara, Japan 667 33 Industrial engineeringeBay, USA 199 2 General retailersEberspaecher, Germany 704 57 Automobiles & partsECI Telecom, Israel 604 111 Technology hardware & equipmentEclipsys, USA 742 52 Software & computer servicesEcolab, USA 775 65 ChemicalsEdwards Lifesciences, USA 592 23 Health care equipment & servicesEffem (aka Mars), <strong>UK</strong> 1040 15 Food producersEI du Pont de Nemours, USA 68 2 ChemicalsEisai, Japan 122 22 Pharmaceuticals & biotechnologyElan, Ireland 307 46 Pharmaceuticals & biotechnologyElbit Systems, Israel 743 21 Aerospace & defenceElectric Power Development, Japan 898 13 ElectricityElectricite de France, France 163 2 ElectricityElectrolux, Sweden 265 4 Household goodsElectronic Arts, USA 107 6 Leisure goodsElectronics For Imaging, USA 541 103 Technology hardware & equipmentEli Lilly, USA 32 9 Pharmaceuticals & biotechnologyELMOS Semiconductor, Germany 1204 216 Technology hardware & equipmentEMBRAER, Brazil 621 19 Aerospace & defenceEMC, USA 76 19 Technology hardware & equipmentEmdeon, USA 862 8 Support servicesEmerson Electric, USA 243 19 Electronic & electrical equipmentEMS-Chemie, Switzerland 1206 92 ChemicalsEmulex, USA 694 131 Technology hardware & equipmentEncysive Pharmaceuticals, USA 812 104 Pharmaceuticals & biotechnologyEndo Pharmaceuticals, USA 645 85 Pharmaceuticals & biotechnologyEndress & Hauser, Switzerland 653 47 Electronic & electrical equipmentEnergizer, USA 763 57 Electronic & electrical equipmentEngelhard, USA (now part of BASF, Germany) 549 38 ChemicalsENI, Italy 303 9 Oil & gas producersEnterasys Networks, USA 732 137 Technology hardware & equipmentEPCOS, Germany 678 52 Electronic & electrical equipmentEramet, France 1162 23 Industrial metalsEricsson, Sweden 31 7 Technology hardware & equipmentEss Technology, USA 1223 220 Technology hardware & equipmentEssilor International, France 458 15 Health care equipment & servicesEstee Lauder, USA 741 11 Personal goodsEsterline Technologies, USA 1086 33 Aerospace & defenceEureko, <strong>The</strong> Netherlands 1144 2 Life insuranceev3, USA 1135 46 Health care equipment & servicesExedy, Japan 1235 78 Automobiles & partsExelixis, USA 439 57 Pharmaceuticals & biotechnologyExpedia, USA 533 3 Travel & leisureExtreme Networks, USA 830 151 Technology hardware & equipmentExxon Mobil, USA 115 2 Oil & gas producersFair Isaac, USA 687 48 Software & computer servicesFairchild Semiconductor, USA 710 135 Technology hardware & equipmentFanuc, Japan 477 36 Electronic & electrical equipmentFastWeb, Italy 537 10 Fixed line telecommunicationsFederal-Mogul, USA 462 47 Automobiles & partsFederated Department Stores, USA 647 4 General retailersFEI, USA 849 157 Technology hardware & equipmentFerro, USA 1084 86 ChemicalsFiat, Italy 62 15 Automobiles & partsFileNET, USA 716 49 Software & computer servicesFiltronic, <strong>UK</strong> 907 167 Technology hardware & equipmentFinisar, USA 924 169 Technology hardware & equipment232 <strong>The</strong> <strong>2006</strong> R&D Scoreboard<strong>The</strong> <strong>2006</strong> R&D Scoreboard 233
Index for ranking the <strong>top</strong> <strong>1250</strong> global <strong>companies</strong>Index for ranking the <strong>top</strong> <strong>1250</strong> global <strong>companies</strong>RankwithinCompany Rank Industry Industry SectorFinland Post, Finland 1208 7 Industrial transportationFinmeccanica, Italy 50 4 Aerospace & defenceFiserv, USA 953 10 Support servicesFisher Scientific International, USA 1057 40 Health care equipment & servicesFlamel Technologies, France 1002 127 Pharmaceuticals & biotechnologyFLIR Systems, USA 930 28 Aerospace & defenceFMC, USA 612 43 ChemicalsFMC Technologies, USA 931 7 Oil equipment, services & distributionFord Motor, USA 1 1 Automobiles & partsForest Laboratories, USA 179 31 Pharmaceuticals & biotechnologyFormula Systems (1985), Israel 1124 93 Software & computer servicesFortune Brands, USA 789 11 Construction & materialsFoundry Networks, USA 934 171 Technology hardware & equipmentFrance Telecom, France 96 3 Fixed line telecommunicationsFreescale Semiconductor, USA 75 18 Technology hardware & equipmentFresenius, Germany 375 10 Health care equipment & servicesFreudenberg, Germany 347 9 General industrialsFuji Electric, Japan 308 25 Electronic & electrical equipmentFuji Heavy Industries, Japan 169 27 Automobiles & partsFuji Photo Film, Japan 64 4 Leisure goodsFujikura, Japan 576 41 Electronic & electrical equipmentFujitsu, Japan 51 11 Technology hardware & equipmentFunai Electric, Japan 577 42 Electronic & electrical equipmentFurukawa Electric, Japan 431 16 Industrial engineeringGambro, Sweden (now part of Investor) 622 24 Health care equipment & servicesGameloft, France 1230 109 Software & computer servicesGamesa, Spain 1090 62 Industrial engineeringGarmin, Cayman Islands 723 22 Leisure goodsGaz De France, France 661 5 Gas, water & multiutilitiesGazprom, Russia 310 1 Gas, water & multiutilitiesGEA, Germany 766 41 Industrial engineeringGedeon Richter, Hungary 857 110 Pharmaceuticals & biotechnologyGemplus International, Luxembourg (now part of Gemalto, <strong>The</strong> Netherlands) 790 60 Electronic & electrical equipmentGen-Probe, USA 1026 129 Pharmaceuticals & biotechnologyGeneral Dynamics, USA 211 12 Aerospace & defenceGeneral Electric, USA 27 1 General industrialsGeneral Mills, USA 383 5 Food producersGeneral Motors, USA 3 2 Automobiles & partsGenesis Microchip, USA 1031 184 Technology hardware & equipmentGenmab, Denmark 765 97 Pharmaceuticals & biotechnologyGentex, USA 1203 76 Automobiles & partsGenzyme, USA 160 28 Pharmaceuticals & biotechnologyGeorg Fischer, Switzerland 613 30 Industrial engineeringGeorgia-Pacific, USA 833 6 Forestry & paperGeron, USA 1202 149 Pharmaceuticals & biotechnologyGetinge, Sweden 927 35 Health care equipment & servicesGiesecke & Devrient, Germany 696 5 Support servicesGiga<strong>by</strong>te Technology, Taiwan 1248 102 Electronic & electrical equipmentGildemeister, Germany 988 55 Industrial engineeringGilead Sciences, USA 261 41 Pharmaceuticals & biotechnologyGillette, USA (now part of Procter & Gamble) 332 5 Personal goodsGivaudan, Switzerland 389 7 Personal goodsGKN, <strong>UK</strong> 420 45 Automobiles & partsGlaxoSmithKline, <strong>UK</strong> 10 3 Pharmaceuticals & biotechnologyGlory, Japan 539 24 Industrial engineeringGN Store Nord, Denmark 1098 198 Technology hardware & equipmentGoodrich, USA 279 14 Aerospace & defenceGoodyear, USA 200 30 Automobiles & partsGoogle, USA 135 7 Software & computer servicesGPC Biotech, Germany 892 115 Pharmaceuticals & biotechnologyGrammer, Germany 908 66 Automobiles & partsGroupe SEB, France 970 13 Household goodsGrundfos, Denmark 620 31 Industrial engineeringGS Yuasa, Japan 1084 85 Electronic & electrical equipmentGTECH, USA 952 6 Travel & leisureGuidant, USA (now part of Boston Scientific) 136 3 Health care equipment & servicesRankwithinCompany Rank Industry Industry SectorGUS, <strong>UK</strong> 1160 5 General retailersHaldex, Sweden 999 69 Automobiles & partsHalliburton, USA 299 2 Oil equipment, services & distributionHamamatsu Photonics, Japan 722 55 Electronic & electrical equipmentHankook Tire, South Korea 751 60 Automobiles & partsHannstar Display, Taiwan 975 25 Leisure goodsHarley-Davidson, USA 346 39 Automobiles & partsHarman International Industries, USA 318 8 Leisure goodsHarmonic, USA 1155 205 Technology hardware & equipmentHarris, USA 448 86 Technology hardware & equipmentHasbro, USA 421 15 Leisure goodsHeidelbergCement, Germany 940 15 Construction & materialsHeidelberger Druckmaschinen, Germany 250 7 Industrial engineeringHeiwa, Japan 1150 29 Leisure goodsHella, Germany 237 31 Automobiles & partsHenkel, Germany 193 2 Household goodsHeraeus, Germany 811 15 Industrial metalsHercules, USA 1109 89 ChemicalsHewlett-Packard, USA 24 4 Technology hardware & equipmentHexagon, Sweden 1013 57 Industrial engineeringHexion Specialty Chemicals, USA 825 67 ChemicalsHigh Tech Computer, Taiwan 838 67 Electronic & electrical equipmentHillenbrand Industries, USA 945 36 Health care equipment & servicesHilti, Liechtenstein 427 4 Construction & materialsHirose Electric, Japan 1171 91 Electronic & electrical equipmentHitachi, Japan 26 5 Technology hardware & equipmentHitachi Zosen, Japan 1210 67 Industrial engineeringHokkaido Electric Power, Japan 1233 15 ElectricityHon Hai Precision Industry, Taiwan 280 22 Electronic & electrical equipmentHonda Motor, Japan 20 6 Automobiles & partsHoneywell, USA 86 2 General industrialsHoriba, Japan 993 82 Electronic & electrical equipmentHospira, USA 443 58 Pharmaceuticals & biotechnologyHoya, Japan 624 45 Electronic & electrical equipmentHSBC, <strong>UK</strong> 176 2 BanksHuman Genome Sciences, USA 330 47 Pharmaceuticals & biotechnologyHummingbird, Canada 1130 95 Software & computer servicesHuntsman, USA 601 41 ChemicalsHutchinson Technology, USA 1173 211 Technology hardware & equipmentHynix Semiconductor, South Korea 224 46 Technology hardware & equipmentHyperion Solutions, USA 570 36 Software & computer servicesHyundai Heavy Industries, South Korea 473 3 Industrial transportationHyundai Mobis, South Korea 888 65 Automobiles & partsHyundai Motor, South Korea 43 12 Automobiles & partsI2 Technologies, USA 1167 100 Software & computer servicesIbiden, Japan 941 76 Electronic & electrical equipmentIBM, USA 11 2 Software & computer servicesIBS, Sweden 1078 84 Software & computer servicesIchikoh Industries, Japan 1024 70 Automobiles & partsICI, <strong>UK</strong> 286 20 ChemicalsICOS, USA 802 102 Pharmaceuticals & biotechnologyIdenix Pharmaceuticals, USA 659 86 Pharmaceuticals & biotechnologyIDEXX Laboratories, USA 1107 44 Health care equipment & servicesIDX Systems, USA (now part of General Electric) 785 57 Software & computer servicesIHI, Japan 371 12 Industrial engineeringIllinois Tool Works, USA 478 19 Industrial engineeringImagination Technologies, <strong>UK</strong> 1195 214 Technology hardware & equipmentImation, USA 934 171 Technology hardware & equipmentImClone Systems, USA 743 92 Pharmaceuticals & biotechnologyIMI, <strong>UK</strong> 946 52 Industrial engineeringIMMSI, Italy 1177 75 Automobiles & partsInamed, USA (now part of Allergan) 1143 49 Health care equipment & servicesInco, Canada 1205 25 Industrial metalsIncyte, USA 600 82 Pharmaceuticals & biotechnologyIndesit, Italy 1230 22 Household goodsIndra Sistemas, Spain 582 38 Software & computer services234 <strong>The</strong> <strong>2006</strong> R&D Scoreboard<strong>The</strong> <strong>2006</strong> R&D Scoreboard 235
Index for ranking the <strong>top</strong> <strong>1250</strong> global <strong>companies</strong>Index for ranking the <strong>top</strong> <strong>1250</strong> global <strong>companies</strong>RankwithinCompany Rank Industry Industry SectorIndustria de Turbo Propulsores, Spain 850 25 Aerospace & defenceIndustrial and Financial Systems, Sweden 1144 99 Software & computer servicesInfineon Technologies, Germany 65 16 Technology hardware & equipmentInfogrames Entertainment, France 585 39 Software & computer servicesInformatica, USA 1078 84 Software & computer servicesIngenico, France 874 71 Electronic & electrical equipmentIngersoll-Rand, Bermuda 402 13 Industrial engineeringIntegrated Device Technology, USA 480 92 Technology hardware & equipmentIntel, USA 12 1 Technology hardware & equipmentIntentia International, Sweden 881 65 Software & computer servicesInter-Tel, USA 1242 222 Technology hardware & equipmentInterdigital Communications, USA 815 146 Technology hardware & equipmentIntergraph, USA 761 54 Software & computer servicesInterMune, USA 680 88 Pharmaceuticals & biotechnologyInternational Flavors & Fragrances, USA 370 6 Personal goodsInternational Game Technology, USA 445 2 Travel & leisureInternational Paper, USA 818 5 Forestry & paperInternational Rectifier, USA 567 107 Technology hardware & equipmentInternet Security Systems, USA 1040 79 Software & computer servicesIntersil, USA 511 98 Technology hardware & equipmentIntracom, Greece 1221 219 Technology hardware & equipmentIntuit, USA 218 13 Software & computer servicesInvensys, <strong>UK</strong> 357 28 Electronic & electrical equipmentInventec, Taiwan 974 177 Technology hardware & equipmentInventec Appliances, Taiwan 814 145 Technology hardware & equipmentInvestment Technology, USA 1169 4 General financialInvitrogen, USA 591 80 Pharmaceuticals & biotechnologyIpsen, France 387 51 Pharmaceuticals & biotechnologyISEKI, Japan 1237 70 Industrial engineeringIshihara Sangyo Kaisha, Japan 921 73 ChemicalsIsis Pharmaceuticals, USA 902 118 Pharmaceuticals & biotechnologyItaltel, Italy 698 132 Technology hardware & equipmentItron, USA 1014 83 Electronic & electrical equipmentITT Industries, USA 373 13 General industrialsIvax, USA (now part of Teva Pharmaceutical Industries, Israel) 451 59 Pharmaceuticals & biotechnologyIWKA, Germany 845 45 Industrial engineeringJack Henry & Associates, USA 1194 103 Software & computer servicesJapan Aviation Electronics Industry, Japan 780 22 Aerospace & defenceJapan Radio, Japan 407 31 Electronic & electrical equipmentJapan Tobacco, Japan 213 2 TobaccoJCB Service, <strong>UK</strong> 1027 60 Industrial engineeringJDA Software, USA 1056 82 Software & computer servicesJDS Uniphase, USA 616 114 Technology hardware & equipmentJenoptik, Germany 1114 64 Industrial engineeringJFE, Japan 234 1 Industrial metalsJM Voith, Germany 328 8 General industrialsJohnson & Johnson, USA 7 2 Pharmaceuticals & biotechnologyJohnson Controls, USA 178 28 Automobiles & partsJohnson Matthey, <strong>UK</strong> 586 40 ChemicalsJohnsonDiversey, USA 752 63 ChemicalsJS, Japan 512 5 Construction & materialsJSR, Japan 454 30 ChemicalsJuki, Japan 1101 19 Household goodsJungheinrich, Germany 996 56 Industrial engineeringJuniper Networks, USA 205 39 Technology hardware & equipmentKajima, Japan 664 8 Construction & materialsKaken Pharmaceutical, Japan 909 119 Pharmaceuticals & biotechnologyKaneka, Japan 435 29 ChemicalsKansai Electric Power, Japan 348 5 ElectricityKansai Paint, Japan 1011 82 ChemicalsKao, Japan 217 2 Personal goodsKawasaki Heavy Industries, Japan 535 23 Industrial engineeringKDDI, Japan 623 11 Fixed line telecommunicationsKellogg, USA 369 4 Food producersKemira, Finland 938 75 ChemicalsKerry, Ireland 430 8 Food producersRankwithinCompany Rank Industry Industry SectorKeyence, Japan 1113 86 Electronic & electrical equipmentKimberly-Clark, USA 229 3 Personal goodsKing Pharmaceuticals, USA 730 90 Pharmaceuticals & biotechnologyKinpo Electronics, Taiwan 1042 185 Technology hardware & equipmentKirin Brewery, Japan 295 1 BeveragesKissei Pharmaceutical, Japan 672 87 Pharmaceuticals & biotechnologyKla-Tencor, USA 215 42 Technology hardware & equipmentKnorr-Bremse, Germany 413 15 Industrial engineeringKobe Steel, Japan 390 6 Industrial metalsKoc, Turkey 724 24 General industrialsKoenig & Bauer, Germany 799 44 Industrial engineeringKoito Manufacturing, Japan 399 43 Automobiles & partsKomag, USA 972 176 Technology hardware & equipmentKomatsu, Japan 173 5 Industrial engineeringKomori, Japan 1229 68 Industrial engineeringKone, Finland † 958 53 Industrial engineeringKonica Minolta, Japan 145 7 Leisure goodsKorea Electric Power, South Korea 190 3 ElectricityKos Pharmaceuticals, USA 497 67 Pharmaceuticals & biotechnologyKrka, Slovenia 1000 126 Pharmaceuticals & biotechnologyKrones, Germany 595 29 Industrial engineeringKronos, USA 933 68 Software & computer servicesKT, South Korea 487 9 Fixed line telecommunicationsKubota, Japan 354 10 General industrialsKudelski, Switzerland 491 37 Electronic & electrical equipmentKulicke & Soffa, USA 1103 199 Technology hardware & equipmentKuraray, Japan 514 35 ChemicalsKureha Chemical Industry (now Kureha), Japan 891 72 ChemicalsKurita Water Industries, Japan 1188 65 Industrial engineeringKyocera, Japan 166 32 Technology hardware & equipmentKyorin Pharmaceutical (now Kyorin), Japan 554 74 Pharmaceuticals & biotechnologyKyowa Hakko Kogyo, Japan 257 40 Pharmaceuticals & biotechnologyKyushu Electric Power, Japan 673 10 ElectricityL'Air Liquide, France 391 24 ChemicalsL'Oreal, France 141 1 Personal goodsL-3 Communications, USA 792 23 Aerospace & defenceLa Poste, France <strong>1250</strong> 8 Industrial transportationLafarge, France 803 12 Construction & materialsLagardere, France 167 1 MediaLam Research, USA 352 75 Technology hardware & equipmentLanxess, Germany 506 34 ChemicalsLattice Semiconductor, USA 602 110 Technology hardware & equipmentLawson Software, USA 824 62 Software & computer servicesLeapfrog Enterprises, USA 920 24 Leisure goodsLear, USA 380 42 Automobiles & partsLegrand, France 255 20 Electronic & electrical equipmentLeica Geosystems, Switzerland 686 53 Electronic & electrical equipmentLennox International, USA 1119 19 Construction & materialsLenovo, Hong Kong 356 76 Technology hardware & equipmentLeoni, Germany 916 75 Electronic & electrical equipmentLexmark, USA 219 43 Technology hardware & equipmentLG Chem, South Korea 360 22 ChemicalsLG Electronics, South Korea 60 4 Electronic & electrical equipmentLG Philips LCD, South Korea 202 16 Electronic & electrical equipmentLiebherr, Switzerland 272 9 Industrial engineeringLinde, Germany 278 18 ChemicalsLinear Technology, USA 467 89 Technology hardware & equipmentLite-On Technology, Taiwan 534 101 Technology hardware & equipmentLockheed Martin, USA 88 6 Aerospace & defenceLogicaCMG, <strong>UK</strong> 1059 83 Software & computer servicesLogitech International, Switzerland 650 125 Technology hardware & equipmentLonza, Switzerland 991 80 ChemicalsLSI Logic, USA 184 35 Technology hardware & equipmentLTX, USA 787 143 Technology hardware & equipmentLubrizol, USA 459 32 ChemicalsLucent Technologies, USA 66 17 Technology hardware & equipment236 <strong>The</strong> <strong>2006</strong> R&D Scoreboard<strong>The</strong> <strong>2006</strong> R&D Scoreboard 237
Index for ranking the <strong>top</strong> <strong>1250</strong> global <strong>companies</strong>Index for ranking the <strong>top</strong> <strong>1250</strong> global <strong>companies</strong>RankwithinCompany Rank Industry Industry SectorLundbeck, Denmark 266 42 Pharmaceuticals & biotechnologyLyondell Chemical, USA 631 45 ChemicalsM-Systems Flash Disk Pioneers (now M-Systems), Israel (now part of SanDisk, USA) 1151 204 Technology hardware & equipmentMabuchi Motor, Japan 1193 97 Electronic & electrical equipmentMacdonald Dettwiler & Associates, Canada 1094 86 Software & computer servicesMacromedia, USA (now part of Adobe Systems) 593 40 Software & computer servicesMacronix International, Taiwan 644 124 Technology hardware & equipmentMacrovision, USA 1218 105 Software & computer servicesMagma Design Automation, USA 1029 76 Software & computer servicesMakita, Japan 1214 21 Household goodsMAN, Germany 126 4 Industrial engineeringManhattan Associates, USA 1222 107 Software & computer servicesMarconi (now Telent), <strong>UK</strong> 230 49 Technology hardware & equipmentMarvell Technology, Bermuda 235 51 Technology hardware & equipmentMatsushita Electric, Japan 15 1 Leisure goodsMattel, USA 368 12 Leisure goodsMaxim Integrated Products, USA 223 45 Technology hardware & equipmentMaxtor, USA (now part of Seagate Technology, Cayman Islands) 248 52 Technology hardware & equipmentMaytag, USA (now part of Whirlpool) 633 10 Household goodsMazda Motor, Japan 106 19 Automobiles & partsMcAfee, USA 374 23 Software & computer servicesMcCormick, USA 1092 18 Food producersMcData, USA 531 100 Technology hardware & equipmentMcKesson, USA 254 1 Food & drug retailersMDS, Canada 1074 42 Health care equipment & servicesMeadWestvaco, USA 953 29 General industrialsMedarex, USA 453 60 Pharmaceuticals & biotechnologyMediaTek, Taiwan 321 70 Technology hardware & equipmentMedicines, USA 806 103 Pharmaceuticals & biotechnologyMedicis Pharmaceutical, USA 793 101 Pharmaceuticals & biotechnologyMedImmune, USA 192 33 Pharmaceuticals & biotechnologyMedtronic, USA 82 1 Health care equipment & servicesMeggitt, <strong>UK</strong> 915 27 Aerospace & defenceMeidensha, Japan 918 28 General industrialsMeiji Dairies, Japan 809 12 Food producersMeiji Seika Kaisha, Japan 436 9 Food producersMEMC Electronic Matrials, USA 1157 206 Technology hardware & equipmentMentor Graphics, USA 326 20 Software & computer servicesMerck, USA 21 7 Pharmaceuticals & biotechnologyMerck, Germany 97 18 Pharmaceuticals & biotechnologyMercury Computer Systems, USA 951 174 Technology hardware & equipmentMercury Interactive, USA (now part of Hewlett-Packard) 733 50 Software & computer servicesMerial, <strong>UK</strong> 419 52 Pharmaceuticals & biotechnologyMetsaliitto, Finland 1058 9 Forestry & paperMetso, Finland 571 27 Industrial engineeringMettler-Toledo International, Switzerland 685 37 Industrial engineeringMGI PHARMA, USA 754 94 Pharmaceuticals & biotechnologyMichelin, France 121 23 Automobiles & partsMicrel, USA 1044 187 Technology hardware & equipmentMicro-Star International, Taiwan 986 179 Technology hardware & equipmentMicrochip Technology, USA 608 112 Technology hardware & equipmentMicromuse, USA (now part of IBM) 1200 104 Software & computer servicesMicron Technology, USA 133 27 Technology hardware & equipmentMicronas Semiconductor, Switzerland 519 99 Technology hardware & equipmentMicros Systems, USA 1244 223 Technology hardware & equipmentMicrosoft, USA 5 1 Software & computer servicesMidway Games, USA 544 18 Leisure goodsMillennium Pharmaceuticals, USA 232 37 Pharmaceuticals & biotechnologyMillipore, USA 788 29 Health care equipment & servicesMindspeed Technologies, USA 750 139 Technology hardware & equipmentMinebea, Japan 665 50 Electronic & electrical equipmentMisys, <strong>UK</strong> 416 28 Software & computer servicesMiTAC International, Taiwan 862 70 Electronic & electrical equipmentMitsubishi Chemical, Japan 108 7 ChemicalsMitsubishi Electric, Japan 83 21 Technology hardware & equipmentMitsubishi Gas Chemical, Japan 635 47 ChemicalsRankwithinCompany Rank Industry Industry SectorMitsubishi Heavy, Japan 87 3 General industrialsMitsubishi Materials, Japan 643 12 Industrial metalsMitsubishi Motors, Japan 142 26 Automobiles & partsMitsubishi Pharma, Japan (now part of Mitsubishi Chemical) 171 29 Pharmaceuticals & biotechnologyMitsubishi Rayon, Japan 646 48 ChemicalsMitsui, Japan 989 30 General industrialsMitsui Chemicals, Japan 247 15 ChemicalsMitsui Mining & Smelting, Japan 961 18 Industrial metalsMKS Instruments, USA 886 164 Technology hardware & equipmentModine Manufacturing, USA 978 68 Automobiles & partsMolex, USA 461 34 Electronic & electrical equipmentMonsanto, USA 138 9 ChemicalsMoog, USA 1064 32 Aerospace & defenceMosel Vitelic, Taiwan 1153 88 Electronic & electrical equipmentMotorola, USA 22 3 Technology hardware & equipmentMsc Software, USA 1003 73 Software & computer servicesMurata Manufacturing, Japan 258 55 Technology hardware & equipmentMylan Laboratories, USA 579 79 Pharmaceuticals & biotechnologyMyriad Genetics, USA 984 124 Pharmaceuticals & biotechnologyNabi Biopharmaceuticals, USA 784 100 Pharmaceuticals & biotechnologyNACCO Industries, USA 877 27 General industrialsNalco, USA 860 8 Gas, water & multiutilitiesNamco, Japan (now part of Namco Bandai) 362 11 Leisure goodsNanya Technology, Taiwan 468 90 Technology hardware & equipmentNational Instruments, USA 583 44 Electronic & electrical equipmentNational Semiconductor, USA 221 44 Technology hardware & equipmentNavistar International, USA 337 10 Industrial engineeringNCR, USA 231 50 Technology hardware & equipmentNDChealth, USA (now part of Per-Se Technologies) 1223 51 Health care equipment & servicesNEC, Japan 44 9 Technology hardware & equipmentNektar <strong>The</strong>rapeutics, USA 761 95 Pharmaceuticals & biotechnologyNeopost, France 870 161 Technology hardware & equipmentNestle, Switzerland 79 1 Food producersNetflix, USA 1196 6 General retailersNetIQ, USA (now part of Attachmate) 943 70 Software & computer servicesNetwork Appliance, USA 296 61 Technology hardware & equipmentNeurochem, Canada 1134 141 Pharmaceuticals & biotechnologyNeurocrine Biosciences, USA 594 81 Pharmaceuticals & biotechnologyNeurogen, USA 1215 150 Pharmaceuticals & biotechnologyNewell Rubbermaid, USA 574 9 Household goodsNewmarket, USA 798 66 ChemicalsNewport, USA 1187 96 Electronic & electrical equipmentNexans, France 829 65 Electronic & electrical equipmentNexen, Canada 1021 16 Oil & gas producersNGK Insulators, Japan 638 19 General industrialsNGK Spark Plug, Japan 502 49 Automobiles & partsNichias, Japan 1127 35 General industrialsNidec, Japan 322 71 Technology hardware & equipmentNihon Kohden, Japan 1115 45 Health care equipment & servicesNihon Unisys, Japan 959 72 Software & computer servicesNikon, Japan 253 54 Technology hardware & equipmentNintendo, Japan 381 24 Software & computer servicesNippon Kayaku, Japan 691 52 ChemicalsNippon Light Metal, Japan 1010 20 Industrial metalsNippon Oil, Japan 597 13 Oil & gas producersNippon Paint, Japan 852 68 ChemicalsNippon Paper, Japan 808 4 Forestry & paperNippon Sheet Glass, Japan 778 10 Construction & materialsNippon Shinyaku, Japan 745 93 Pharmaceuticals & biotechnologyNippon Shokubai, Japan 690 51 ChemicalsNippon Soda, Japan 1039 83 ChemicalsNissan Chemical Industries, Japan 737 61 ChemicalsNissan Diesel Motor, Japan 450 17 Industrial engineeringNissan Motor, Japan 29 9 Automobiles & partsNissin Kogyo, Japan 929 67 Automobiles & partsNitto Denko, Japan 437 3 General retailers238 <strong>The</strong> <strong>2006</strong> R&D Scoreboard<strong>The</strong> <strong>2006</strong> R&D Scoreboard 239
Index for ranking the <strong>top</strong> <strong>1250</strong> global <strong>companies</strong>Index for ranking the <strong>top</strong> <strong>1250</strong> global <strong>companies</strong>RankwithinCompany Rank Industry Industry SectorNKT, Denmark 1022 84 Electronic & electrical equipmentNOF, Japan 996 81 ChemicalsNokia, Finland 17 2 Technology hardware & equipmentNoritz, Japan 1066 18 Household goodsNorsk Hydro, Norway 565 12 Oil & gas producersNortel Networks, Canada 57 13 Technology hardware & equipmentNorthrop Grumman, USA 149 10 Aerospace & defenceNOVA Chemicals, Canada 953 76 ChemicalsNovar, <strong>UK</strong> (now part of Honeywell Acquisitions) 1046 18 Construction & materialsNovartis, Switzerland 13 4 Pharmaceuticals & biotechnologyNovatek Microelectronics, Taiwan 1175 92 Electronic & electrical equipmentNovelis, Canada 866 16 Industrial metalsNovell, USA 341 21 Software & computer servicesNovellus Systems, USA 289 60 Technology hardware & equipmentNovo Nordisk, Denmark 101 19 Pharmaceuticals & biotechnologyNovozymes, Denmark 492 65 Pharmaceuticals & biotechnologyNPS Pharmaceuticals, USA 569 77 Pharmaceuticals & biotechnologyNSK, Japan 675 4 Support servicesNTN, Japan 481 20 Industrial engineeringNTT, Japan 38 1 Fixed line telecommunicationsNumico, <strong>The</strong> Netherlands 910 14 Food producersNuvelo, USA 869 111 Pharmaceuticals & biotechnologyNvidia, USA 209 40 Technology hardware & equipmentNyco, Denmark 1179 147 Pharmaceuticals & biotechnologyOce, <strong>The</strong> Netherlands 311 66 Technology hardware & equipmentOji Paper, Japan 595 2 Forestry & paperOKI Electric, Japan 393 81 Technology hardware & equipmentOld Mutual, <strong>UK</strong> 773 1 Life insuranceOlympus, Japan 181 13 Electronic & electrical equipmentOmniVision Technologies, USA 1117 201 Technology hardware & equipmentOmron, Japan 177 12 Electronic & electrical equipmentOMX, Sweden 1249 5 General financialON Semiconductor, USA 616 114 Technology hardware & equipmentOnex, Canada 489 16 General industrialsOno Pharmaceutical, Japan 281 43 Pharmaceuticals & biotechnologyOpen Text, Canada 801 59 Software & computer servicesOpenwave Systems, USA 607 43 Software & computer servicesOptimax Technology, Taiwan 1176 93 Electronic & electrical equipmentOracle, USA 55 3 Software & computer servicesOrbotech, Israel 879 72 Electronic & electrical equipmentOrion, Finland 615 5 Food & drug retailersOrkla, Norway 695 22 General industrialsOsaka Gas, Japan 598 4 Gas, water & multiutilitiesOshkosh Truck, USA 1236 69 Industrial engineeringOSI Pharmaceuticals, USA 486 64 Pharmaceuticals & biotechnologyOutokumpu, Finland 1141 22 Industrial metalsOwens Corning, USA 866 14 Construction & materialsPaccar, USA 513 22 Industrial engineeringPace Micro Technology, <strong>UK</strong> 1099 27 Leisure goodsPall, USA 883 48 Industrial engineeringPalm, USA 452 88 Technology hardware & equipmentPantech, South Korea 547 4 Mobile telecommunicationsPantech & Curitel, South Korea 441 3 Mobile telecommunicationsPar Pharmaceutical Companies, USA 819 105 Pharmaceuticals & biotechnologyParametric Technology, USA 510 33 Software & computer servicesParexel International, USA 1067 136 Pharmaceuticals & biotechnologyParker Hannifin, USA 472 18 Industrial engineeringPatria, Finland 884 26 Aerospace & defencePentair, USA 1025 17 Household goodsPentax, Japan 676 20 Leisure goodsPerkinElmer, USA 655 48 Electronic & electrical equipmentPerrigo, USA 1151 144 Pharmaceuticals & biotechnologyPetroChina, China 185 6 Oil & gas producersPetroleo Brasiliero, Brazil 183 5 Oil & gas producersPeugeot (PSA), France 40 11 Automobiles & partsPfizer, USA 2 1 Pharmaceuticals & biotechnologyRankwithinCompany Rank Industry Industry SectorPharmion, USA 1072 138 Pharmaceuticals & biotechnologyPhelps Dodge, USA 977 19 Industrial metalsPhilips Electronics, <strong>The</strong> Netherlands 35 3 Leisure goodsPhonak, Switzerland 990 37 Health care equipment & servicesPhoton Dynamics, USA 1178 94 Electronic & electrical equipmentPierre Fabre, France 367 49 Pharmaceuticals & biotechnologyPilkington, <strong>UK</strong> (now part of NSG <strong>UK</strong> Enterprises) 1160 20 Construction & materialsPioneer, Japan 150 10 Electronic & electrical equipmentPirelli, Italy 339 37 Automobiles & partsPitney Bowes, USA 386 79 Technology hardware & equipmentPixelworks, USA 927 170 Technology hardware & equipmentPlantronics, USA 820 147 Technology hardware & equipmentPliva, Croatia 504 68 Pharmaceuticals & biotechnologyPlug Power, USA 1128 87 Electronic & electrical equipmentPMC-Sierra, USA 508 97 Technology hardware & equipmentPolaris Industries, USA 776 62 Automobiles & partsPolycom, USA 630 118 Technology hardware & equipmentPorsche, Germany 1131 73 Automobiles & partsPortal Software, USA (now part of Oracle) 1121 90 Software & computer servicesPOSCO, South Korea 315 3 Industrial metalsPou Chen, Taiwan 487 93 Technology hardware & equipmentPowerchip Semiconductor, Taiwan 919 168 Technology hardware & equipmentPowerwave Technologies, USA 832 66 Electronic & electrical equipmentPPG Industries, USA 239 14 ChemicalsPraxair, USA 693 53 ChemicalsProcter & Gamble, USA 54 1 Household goodsProgress Software, USA 817 60 Software & computer servicesProMOS Technologies, Taiwan 671 129 Technology hardware & equipmentProStrakan, <strong>UK</strong> 1149 143 Pharmaceuticals & biotechnologyProtein Design Labs (now PDL Biopharma), USA 385 50 Pharmaceuticals & biotechnologyProton Holdings Berhad, Malaysia 629 52 Automobiles & partsPUMA, Germany 965 14 Personal goodsQiagen, <strong>The</strong> Netherlands 1140 142 Pharmaceuticals & biotechnologyQlogic, USA 639 121 Technology hardware & equipmentQLT, Canada 895 116 Pharmaceuticals & biotechnologyQualcomm, USA 89 22 Technology hardware & equipmentQuanta Computer, Taiwan 404 30 Electronic & electrical equipmentQuanta Display, Taiwan 966 79 Electronic & electrical equipmentQuantum, USA 555 106 Technology hardware & equipmentQuest Software, USA 651 46 Software & computer servicesRabobank, <strong>The</strong> Netherlands 587 6 BanksRambus, USA 1106 200 Technology hardware & equipmentRanbaxy Laboratories, India 543 72 Pharmaceuticals & biotechnologyRaytheon, USA 155 11 Aerospace & defenceRealnetworks, USA 756 53 Software & computer servicesRealtek Semiconductor, Taiwan 851 158 Technology hardware & equipmentReckitt Benckiser, <strong>UK</strong> 550 8 Household goodsRecordati, Italy 912 120 Pharmaceuticals & biotechnologyRed Hat, USA 1110 88 Software & computer servicesRedback Networks, USA 864 159 Technology hardware & equipmentReebok International, USA (now part of Adidas-Salomon, Germany) 893 13 Personal goodsReed Elsevier, <strong>UK</strong> 377 8 MediaRegeneron Pharmaceuticals, USA 573 78 Pharmaceuticals & biotechnologyRenault, France 39 10 Automobiles & partsRenishaw, <strong>UK</strong> 947 77 Electronic & electrical equipmentRepsol YPF, Spain 725 14 Oil & gas producersResearch In Motion, Canada 411 83 Technology hardware & equipmentRespironics, USA 1036 39 Health care equipment & servicesRetalix, Israel 1052 80 Software & computer servicesReuters, <strong>UK</strong> 335 5 MediaRexam, <strong>UK</strong> 1182 37 General industrialsReynolds American, USA 913 4 TobaccoReynolds and Reynolds, USA 599 41 Software & computer servicesRF Micro Devices, USA 388 80 Technology hardware & equipmentRheinmetall, Germany 365 40 Automobiles & partsRhodia, France 410 27 Chemicals240 <strong>The</strong> <strong>2006</strong> R&D Scoreboard<strong>The</strong> <strong>2006</strong> R&D Scoreboard 241
Index for ranking the <strong>top</strong> <strong>1250</strong> global <strong>companies</strong>Index for ranking the <strong>top</strong> <strong>1250</strong> global <strong>companies</strong>RankwithinCompany Rank Industry Industry SectorRicoh, Japan 93 24 Technology hardware & equipmentRieter, Switzerland 540 25 Industrial engineeringRobert Bosch, Germany 25 8 Automobiles & partsRoche, Switzerland 19 6 Pharmaceuticals & biotechnologyRockwell Automation, USA 444 33 Electronic & electrical equipmentRockwell Collins, USA 296 16 Aerospace & defenceRohm, Japan 268 57 Technology hardware & equipmentRohm & Haas, USA 270 16 ChemicalsRolls-Royce, <strong>UK</strong> 132 7 Aerospace & defenceRoper Industries, USA 905 74 Electronic & electrical equipmentRoyal & Sun Alliance, <strong>UK</strong> 331 1 Nonlife insuranceRoyal Bank of Scotland, <strong>UK</strong> 143 1 BanksRoyal Dutch Shell, <strong>UK</strong> 138 3 Oil & gas producersRSA Security, USA 823 61 Software & computer servicesRWE, Germany 422 2 Gas, water & multiutilitiesS1, USA 1035 78 Software & computer servicesSAAB, Sweden 561 18 Aerospace & defenceSAFRAN, France 146 9 Aerospace & defenceSage, <strong>UK</strong> 440 30 Software & computer servicesSaint-Gobain, France 204 1 Construction & materialsSalix Pharmaceuticals, USA 1216 151 Pharmaceuticals & biotechnologySalzgitter, Germany 777 14 Industrial metalsSamsung Electro-Mechanics, South Korea 267 21 Electronic & electrical equipmentSamsung Electronics, South Korea 9 2 Electronic & electrical equipmentSanden, Japan 1095 72 Automobiles & partsSanDisk, USA 349 74 Technology hardware & equipmentSandvik, Sweden 342 11 Industrial engineeringSanken Electric, Japan 634 119 Technology hardware & equipmentSankyo, Japan (now part of Daiichi Sankyo) 114 21 Pharmaceuticals & biotechnologySanofi-Aventis, France 16 5 Pharmaceuticals & biotechnologySanpaolo IMI, Italy 499 4 BanksSanten Pharmaceutical, Japan 558 75 Pharmaceuticals & biotechnologySanyo Chemical Industries, Japan 1216 93 ChemicalsSanyo Electric, Japan 81 6 Electronic & electrical equipmentSAP, Germany 70 4 Software & computer servicesSartorius, Germany 1089 139 Pharmaceuticals & biotechnologySasol, South Africa 1189 17 Oil & gas producersSauer-Danfoss, USA 859 46 Industrial engineeringSaurer, Switzerland 668 34 Industrial engineeringSCA, Sweden 711 3 Forestry & paperScania, Sweden 210 6 Industrial engineeringScansoft (now Nuance Communications), USA 1137 97 Software & computer servicesSchering, Germany (now part of Bayer) 77 17 Pharmaceuticals & biotechnologySchering-Plough, USA 56 13 Pharmaceuticals & biotechnologySchindler, Switzerland 674 35 Industrial engineeringSchlumberger, USA 154 1 Oil equipment, services & distributionSchneider, France 128 9 Electronic & electrical equipmentSchwarz Pharma, Germany 242 38 Pharmaceuticals & biotechnologyScientific-Atlanta, USA (now part of Cisco Systems) 364 7 MediaSeaChange International, USA 1218 105 Software & computer servicesSealed Air, USA 719 23 General industrialsSecom, Japan 1158 11 Support servicesSeeBeyond Technology, USA (now part of Sun Microsystems) 1139 98 Software & computer servicesSega Sammy, Japan 208 12 Software & computer servicesSEI Investments, USA 481 1 General financialSeiko Epson, Japan 201 15 Electronic & electrical equipmentSekisui Chemical, Japan 350 5 Household goodsSekisui House, Japan 917 11 Household goodsSemiconductor Manufacturing, China 701 133 Technology hardware & equipmentSemtech, USA 1163 208 Technology hardware & equipmentSepracor, USA 433 55 Pharmaceuticals & biotechnologySerco, <strong>UK</strong> 708 6 Support servicesSerono, Switzerland 130 23 Pharmaceuticals & biotechnologySeton House, <strong>UK</strong> 1032 33 General industrialsSEZ, Switzerland 1186 212 Technology hardware & equipmentSharp, Japan 72 5 Electronic & electrical equipmentRankwithinCompany Rank Industry Industry SectorShikoku Electric Power, Japan 1000 14 ElectricityShimadzu, Japan 781 43 Industrial engineeringShimano, Japan 747 23 Leisure goodsShimizu, Japan 827 13 Construction & materialsShin-Etsu Chemical, Japan 274 17 ChemicalsShindengen Electric Manufacturing, Japan 1191 213 Technology hardware & equipmentShionogi, Japan 288 44 Pharmaceuticals & biotechnologyShire, <strong>UK</strong> 251 39 Pharmaceuticals & biotechnologyShiseido, Japan 442 8 Personal goodsShowa, Japan 885 64 Automobiles & partsShowa Denko, Japan 429 28 ChemicalsSiemens, Germany 8 1 Electronic & electrical equipmentSIG, Switzerland 846 26 General industrialsSigma-Aldrich, USA 962 77 ChemicalsSigmatel, USA 717 136 Technology hardware & equipmentSilicon Graphics, USA 625 116 Technology hardware & equipmentSilicon Image, USA 1048 188 Technology hardware & equipmentSilicon Integrated Systems, Taiwan 1210 218 Technology hardware & equipmentSilicon Laboratories, USA 584 109 Technology hardware & equipmentSilicon Storage Technology, USA 968 175 Technology hardware & equipmentSK Telecom, South Korea 287 2 Mobile telecommunicationsSKF, Sweden 560 26 Industrial engineeringSkyePharma, <strong>UK</strong> 1053 133 Pharmaceuticals & biotechnologySkyworks Solutions, USA 418 84 Technology hardware & equipmentSMC, Japan 483 14 General industrialsSmith & Nephew, <strong>UK</strong> 521 19 Health care equipment & servicesSmith International, USA 735 5 Oil equipment, services & distributionSmiths, <strong>UK</strong> 290 15 Aerospace & defenceSnap-On, USA 953 12 Household goodsSNCF, France 803 4 Industrial transportationSNPE, France 536 36 ChemicalsSoftware, Germany 937 69 Software & computer servicesSolutia, USA 1105 88 ChemicalsSolvay, Belgium 144 10 ChemicalsSonic Solutions, USA 1117 89 Software & computer servicesSonus Networks, USA 1017 182 Technology hardware & equipmentSony, Japan 18 2 Leisure goodsSorin, Italy 861 32 Health care equipment & servicesSpectris, <strong>UK</strong> 712 54 Electronic & electrical equipmentSpirent (now Spirent Communications), <strong>UK</strong> 552 105 Technology hardware & equipmentSprint Nextel, USA 1007 7 Mobile telecommunicationsSPSS, USA 894 67 Software & computer servicesSPX, USA 858 69 Electronic & electrical equipmentSSA <strong>Global</strong> Technologies, USA (now part of Infor <strong>Global</strong> Solutions) 575 37 Software & computer servicesSt Jude Medical, USA 196 5 Health care equipment & servicesStada Arzneimittel, Germany 1112 140 Pharmaceuticals & biotechnologyStandard Chartered, <strong>UK</strong> 647 7 BanksStandard Microsystems, USA 865 160 Technology hardware & equipmentStatoil, Norway 412 10 Oil & gas producersSteelcase, USA 998 16 Household goodsSteris, USA 1232 53 Health care equipment & servicesSTMicroelectronics, <strong>The</strong> Netherlands 63 15 Technology hardware & equipmentStoneridge, USA 1137 74 Automobiles & partsStora Enso, Finland 572 1 Forestry & paperStorage Technology, USA (now part of Sun Microsystems) 345 73 Technology hardware & equipmentStork, <strong>The</strong> Netherlands 1087 61 Industrial engineeringStryker, USA 256 6 Health care equipment & servicesSud-Chemie, Germany 1116 90 ChemicalsSudzucker, Germany 1196 22 Food producersSuez, France 588 3 Gas, water & multiutilitiesSumco, Japan 1147 91 ChemicalsSumitomo Bakelite, Japan 618 44 ChemicalsSumitomo Chemical, Japan 123 8 ChemicalsSumitomo Electric, Japan 162 11 Electronic & electrical equipmentSumitomo Heavy Industries, Japan 904 50 Industrial engineeringSumitomo Metal Industries, Japan 495 9 Industrial metals242 <strong>The</strong> <strong>2006</strong> R&D Scoreboard<strong>The</strong> <strong>2006</strong> R&D Scoreboard 243
Index for ranking the <strong>top</strong> <strong>1250</strong> global <strong>companies</strong>Index for ranking the <strong>top</strong> <strong>1250</strong> global <strong>companies</strong>RankwithinCompany Rank Industry Industry SectorSumitomo Metal Mining, Japan 1111 21 Industrial metalsSumitomo Rubber Industries, Japan 447 46 Automobiles & partsSun Microsystems, USA 59 14 Technology hardware & equipmentSunGard Data Systems, USA † 293 19 Software & computer servicesSunplus Technology, Taiwan 660 127 Technology hardware & equipmentSuzuken, Japan 1061 135 Pharmaceuticals & biotechnologySuzuki Motor, Japan 112 20 Automobiles & partsSwatch, Switzerland 530 7 Household goodsSwisscom, Switzerland 1082 16 Fixed line telecommunicationsSybase, USA 384 25 Software & computer servicesSycamore Networks, USA 1065 192 Technology hardware & equipmentSymantec, USA 117 6 Software & computer servicesSymbian, <strong>UK</strong> 619 44 Software & computer servicesSymbol Technologies, USA 566 40 Electronic & electrical equipmentSyngenta, Switzerland 99 6 ChemicalsSynopsys, USA 228 14 Software & computer servicesSynthes, Switzerland 522 20 Health care equipment & servicesSysmex, Japan 889 113 Pharmaceuticals & biotechnologyTaiheiyo Cement, Japan 960 17 Construction & materialsTaisei, Japan 715 9 Construction & materialsTaisho Pharmaceutical, Japan 344 48 Pharmaceuticals & biotechnologyTaiwan Power, Taiwan 836 12 ElectricityTaiwan Semiconductor Manufacturing, Taiwan 172 34 Technology hardware & equipmentTake-Two Interactive Software, USA 319 9 Leisure goodsTakeda Pharmaceutical, Japan 74 16 Pharmaceuticals & biotechnologyTanabe Seiyaku, Japan 305 45 Pharmaceuticals & biotechnologyTanox, USA 987 125 Pharmaceuticals & biotechnologyTata Motors, India 564 51 Automobiles & partsTate & Lyle, <strong>UK</strong> 1182 21 Food producersTatung, Taiwan 396 29 Electronic & electrical equipmentTchibo, Germany 475 3 Food & drug retailersTCL Communication Technology, Hong Kong 1051 190 Technology hardware & equipmentTCL Multimedia Technology, Cayman Islands <strong>800</strong> 62 Electronic & electrical equipmentTDC, Denmark (now part of Nordic Telephone) 805 13 Fixed line telecommunicationsTDK, Japan 240 18 Electronic & electrical equipmentTechnip, France 1213 10 Oil equipment, services & distributionTechtronic Industries, Hong Kong 813 63 Electronic & electrical equipmentTeijin, Japan 283 19 ChemicalsTekelec, USA 490 94 Technology hardware & equipmentTektronix, USA 397 82 Technology hardware & equipmentTelecom Italia, Italy 327 8 Fixed line telecommunicationsTeledyne Technologies, USA 1047 31 Aerospace & defenceTelefonica, Spain 127 4 Fixed line telecommunicationsTelekom Austria, Austria 939 15 Fixed line telecommunicationsTelenor, Norway 568 5 Mobile telecommunicationsTeliaSonera, Sweden 203 7 Fixed line telecommunicationsTellabs, USA 211 41 Technology hardware & equipmentTelstra, Australia 180 6 Fixed line telecommunicationsTenaris, Luxembourg 1212 9 Oil equipment, services & distributionTenneco, USA 866 63 Automobiles & partsTeradyne, USA 316 68 Technology hardware & equipmentTerayon Communication Systems, USA 1225 221 Technology hardware & equipmentTerex, USA 1020 58 Industrial engineeringTerumo, Japan 518 17 Health care equipment & servicesTesco, <strong>UK</strong> 343 2 Food & drug retailersTeva Pharmaceutical Industries, Israel 197 34 Pharmaceuticals & biotechnologyTexas Instruments, USA 53 12 Technology hardware & equipmentTextron, USA 227 6 General industrialsThales, France 137 8 Aerospace & defence<strong>The</strong>ravance, USA 484 63 Pharmaceuticals & biotechnology<strong>The</strong>rmo Electron, USA 417 14 Health care equipment & servicesThomson, France 246 3 MediaThq, USA 670 19 Leisure goodsThyssenKrupp, Germany 323 4 Industrial metalsTibco Software, USA 738 51 Software & computer servicesTietoEnator, Finland 770 55 Software & computer servicesRankwithinCompany Rank Industry Industry SectorTime Warner, USA 498 9 MediaTimken, USA 914 51 Industrial engineeringTiVo, USA 1102 28 Leisure goodsToagosei, Japan 1077 85 ChemicalsTohoku Electric Power, Japan 652 9 ElectricityTokai Rubber Industries, Japan 876 71 ChemicalsTokuyama, Japan 721 59 ChemicalsTokyo Electric Power, Japan 245 4 ElectricityTokyo Electron, Japan 195 38 Technology hardware & equipmentTokyo Gas, Japan 758 7 Gas, water & multiutilitiesTokyo Ohka Kogyo, Japan 967 78 ChemicalsTokyo Seimitsu, Japan 906 166 Technology hardware & equipmentTomkins, <strong>UK</strong> 692 21 General industrialsToppan Printing, Japan 359 6 MediaToray Industries, Japan 236 13 ChemicalsToshiba, Japan 33 8 Technology hardware & equipmentTosoh, Japan 658 49 ChemicalsTOTAL, France 104 1 Oil & gas producersToto, Japan 589 7 Construction & materialsToyama Chemical, Japan 973 123 Pharmaceuticals & biotechnologyToyo Tire, Japan 677 53 Automobiles & partsToyobo, Japan 705 55 ChemicalsToyoda Gosei, Japan 336 36 Automobiles & partsToyota Industries, Japan 282 33 Automobiles & partsToyota Motor, Japan 6 4 Automobiles & partsTransaction Systems Architects, USA 1131 96 Software & computer servicesTrelleborg, Sweden 679 54 Automobiles & partsTrimble Navigation, USA 669 51 Electronic & electrical equipmentTriQuint Semiconductor, USA 1012 181 Technology hardware & equipmentTrizetto, USA 1121 90 Software & computer servicesTrumpf, Germany 485 15 General industrialsTRW Automotive, USA 340 38 Automobiles & partsTsumura, Japan 1037 131 Pharmaceuticals & biotechnologyTTP Communications, <strong>UK</strong> 942 173 Technology hardware & equipmentTyco International, Bermuda 98 4 General industrialsUBE Industries, Japan 563 39 ChemicalsUBIsoft Entertainment, France 503 32 Software & computer servicesUCB, Belgium 134 24 Pharmaceuticals & biotechnologyUlvac, Japan 897 73 Electronic & electrical equipmentUmicore, Belgium 464 8 Industrial metalsUnaxis, Switzerland 532 17 General industrialsUnilever, <strong>UK</strong> 80 2 Food producersUnisys, USA 188 10 Software & computer servicesUnited Microelectronics, Taiwan 249 53 Technology hardware & equipmentUnited Online, USA 1125 94 Software & computer servicesUnited Technologies, USA 67 5 Aerospace & defenceUnited <strong>The</strong>rapeutics, USA 1182 148 Pharmaceuticals & biotechnologyUniversal Scientific Industrial, Taiwan 1244 101 Electronic & electrical equipmentUnova (now Intermec), USA 786 142 Technology hardware & equipmentUPM-Kymmene, Finland 856 8 Forestry & paperUSEC, USA 610 11 Industrial metalsUshio, Japan 1199 98 Electronic & electrical equipmentUTStarcom, USA 285 59 Technology hardware & equipmentVale Do Rio Doce, Brazil 262 1 MiningValeant Pharmaceuticals, USA 526 70 Pharmaceuticals & biotechnologyValeo, France 94 16 Automobiles & partsValspar, USA 700 54 ChemicalsVarian, USA 900 33 Health care equipment & servicesVarian Medical Systems, USA 684 25 Health care equipment & servicesVarian Semiconductor Equipment, USA 709 134 Technology hardware & equipmentVasogen, Canada 831 106 Pharmaceuticals & biotechnologyVattenfall, Sweden 456 7 ElectricityVeeco Instruments, USA 842 68 Electronic & electrical equipmentVeolia Environnement, France 728 6 Gas, water & multiutilitiesVerifone, USA 1076 195 Technology hardware & equipmentVerint Systems, USA 1181 101 Software & computer services244 <strong>The</strong> <strong>2006</strong> R&D Scoreboard<strong>The</strong> <strong>2006</strong> R&D Scoreboard 245
Index for ranking the <strong>top</strong> <strong>1250</strong> global <strong>companies</strong>Index for ranking the <strong>top</strong> <strong>1250</strong> global <strong>companies</strong>RankwithinCompany Rank Industry Industry SectorVerisign, USA 603 42 Software & computer servicesVernalis, <strong>UK</strong> 1038 132 Pharmaceuticals & biotechnologyVertex Pharmaceuticals, USA 548 73 Pharmaceuticals & biotechnologyVestas Wind Systems, Denmark 580 43 Electronic & electrical equipmentVignette, USA 1243 111 Software & computer servicesVilmorin Clause, France 1093 19 Food producersVishay Intertechnology, USA 976 81 Electronic & electrical equipmentVisteon, USA 102 18 Automobiles & partsVitesse Semiconductor, USA 581 108 Technology hardware & equipmentVivendi Universal (now Vivendi), France 182 2 MediaVoca, <strong>UK</strong> 949 9 Support servicesVodafone, <strong>UK</strong> 207 1 Mobile telecommunicationsVoest-Alpine, Austria 739 13 Industrial metalsVolkswagen, Germany 14 5 Automobiles & partsVolvo, Sweden 69 1 Industrial engineeringWacker-Chemie, Germany 382 23 ChemicalsWartsila, Finland 681 36 Industrial engineeringWaters, USA 783 28 Health care equipment & servicesWatson Pharmaceuticals, USA 493 66 Pharmaceuticals & biotechnologyWCM, Germany 1070 3 General financialWeatherford International, USA 556 4 Oil equipment, services & distributionWebex Communications, USA 1034 77 Software & computer serviceswebMethods, USA 1123 92 Software & computer servicesWest Japan Railway, Japan 922 4 Travel & leisureWestern Digital, USA 302 64 Technology hardware & equipmentWeyerhaeuser, USA 833 6 Forestry & paperWhirlpool, USA 216 3 Household goodsWilliam Demant, Denmark 839 31 Health care equipment & servicesWinbond Electronic, Taiwan 372 78 Technology hardware & equipmentWincor Nixdorf, Germany 628 45 Software & computer servicesWind River Systems, USA 797 58 Software & computer servicesWistron, Taiwan 772 141 Technology hardware & equipmentWm Wrigley Jr, USA 1080 17 Food producersWMS Industries, USA 947 5 Travel & leisureWoodward Governor, USA 953 78 Electronic & electrical equipmentWR Grace, USA 854 69 ChemicalsWyeth, USA 36 10 Pharmaceuticals & biotechnologyXerox, USA 109 25 Technology hardware & equipmentXilinx, USA 226 48 Technology hardware & equipmentRankwithinCompany Rank Industry Industry SectorXoma, Bermuda 1220 152 Pharmaceuticals & biotechnologyYahoo!, USA 140 8 Software & computer servicesYakult Honsha, Japan 873 13 Food producersYamaha, Japan 351 10 Leisure goodsYamaha Motor, Japan 131 25 Automobiles & partsYamanouchi Pharmaceutical (now Astellas Pharma), Japan 157 26 Pharmaceuticals & biotechnologyYamatake, Japan 767 58 Electronic & electrical equipmentYaskawa Electric, Japan 796 61 Electronic & electrical equipmentYokogawa Electric, Japan 292 23 Electronic & electrical equipmentYokohama Rubber, Japan 504 50 Automobiles & partsYork International, USA (now part of Johnson Controls) 994 31 General industrialsYue Yuen Industrial, Hong Kong 614 9 Personal goodsZambon, Italy 1174 146 Pharmaceuticals & biotechnologyZarlink Semiconductor, Canada 1166 209 Technology hardware & equipmentZebra Technologies, USA 1027 183 Technology hardware & equipmentZeltia, Spain 901 117 Pharmaceuticals & biotechnologyZeon, Japan 718 58 ChemicalsZF, Germany 124 24 Automobiles & partsZF Lenksysteme, Germany 689 56 Automobiles & partsZimmer, USA 376 11 Health care equipment & servicesZoran, USA 642 123 Technology hardware & equipmentZTE, China 298 62 Technology hardware & equipmentZumtobel, Austria 1170 90 Electronic & electrical equipmentNotes:1. <strong>The</strong> above numbers following each company name indicate respectivelythe ranked position overall and the rank within the industry sector towhich the company has been allocated.2. Companies which are expected to publish their accounts on or near thecut-off date of 31 July <strong>2006</strong> have appended to their names the period enddate of the accounts included in the Scoreboard.246 <strong>The</strong> <strong>2006</strong> R&D Scoreboard<strong>The</strong> <strong>2006</strong> R&D Scoreboard 247
Notes on Scope, Definitions and Data SourcesNotes on Scope, Definitions and Data Sources<strong>The</strong> <strong>top</strong> <strong>1250</strong> <strong>Global</strong> R&D Scoreboard and the <strong>top</strong> <strong>800</strong> <strong>UK</strong> R&DScoreboard each rank <strong>companies</strong> <strong>by</strong> their R&D <strong>investment</strong>. <strong>The</strong>y havebeen prepared <strong>by</strong> Company Reporting Ltd from the annual reports andaccounts of the <strong>companies</strong> featured and on the bases set out below.In the <strong>UK</strong> Scoreboard, <strong>companies</strong> not listed on the London StockExchange have been distinguished separately <strong>by</strong> the use of italics with** appended additionally to the name of any company which is asubsidiary of a foreign parent (e.g. Ford**). Where a <strong>UK</strong> company hasbeen acquired <strong>by</strong> a foreign company, it will be shown in italics but twoasterisks ** will only be added when its financial results areconsolidated in the published annual accounts of its new parent shownin the Scoreboard. Where a <strong>UK</strong> company is a subsidiary and theultimate parent is a <strong>UK</strong> company one asterisk * will be appended(e.g. Britannia Soft Drinks*).In the <strong>top</strong> <strong>1250</strong> <strong>Global</strong> Scoreboard, <strong>companies</strong> not listed on arecognised stock exchange have been distinguished separately <strong>by</strong> theuse of italics.Companies are assigned to the appropriate sectors of the ICB sectorclassifications as of the year-end date of their accounts. Eachcompany’s national stock exchange is consulted to obtain an industryclassification e.g. FTSE for <strong>UK</strong> <strong>companies</strong>, Dow Jones for US<strong>companies</strong> and Euronext for Belgian, French, Dutch and Portuguese<strong>companies</strong>. Unlisted <strong>companies</strong> are allocated an industry sector thatbest reflects their business as described in their annual accounts.For <strong>companies</strong> that prepare an annual report and accounts for a periodnot equal to 12 months, the figures in the Scoreboard have been“normalised” to reflect a 12 month period. In such cases, “†” has beenappended to the company name (e.g. British Energy †).For country rankings, <strong>companies</strong> are assigned to the country wherethey have chosen to incorporate the overall group. All FTSE 100<strong>companies</strong> are assigned to the <strong>UK</strong> for the purpose of the Scoreboard.Listing status of <strong>UK</strong> and European <strong>companies</strong> has been taken as at1 September <strong>2006</strong>.Scope of the R&D Scoreboards1. <strong>The</strong> Scoreboards have been published and prepared on the basisof annual reports and consolidated accounts received <strong>by</strong> CompanyReporting Ltd up to and including 31 July <strong>2006</strong>. Annual reportswith a year-end older than 30 months from the cut-off date or apublication date older than 24 months from cut-off date are excluded.2. <strong>UK</strong> <strong>companies</strong> which were expected to publish their accounts onor about the cut-off date have appended to their names in the indexthe period end date of the accounts included in the Scoreboard.All FTSE 100, FTSE 250 and significant global <strong>companies</strong> expectedto publish accounts in July <strong>2006</strong> have their latest accountsincluded; for example, the Misys 2005/06, Sony 2005/06, CasioComputer 2005/06 & Microsoft 2005/06. In some such cases,preliminary full year accounts have been used provided all theinformation needed for a complete Scoreboard entry is available.3. For the <strong>UK</strong> rankings, the accounts used are the consolidated groupaccounts of the ultimate <strong>UK</strong> parent. Companies which aresubsidiaries of other <strong>UK</strong> <strong>companies</strong> are not ranked separately,except for (i) some significant foreign owned <strong>companies</strong> that takeadvantage of the EC 7th Directive non-consolidation provision, asset out in Limitations below, (ii) <strong>companies</strong> that disclose R&D costswhere the ultimate consolidating parent does not (e.g. BritanniaSoft Drinks*), (iii) the ultimate <strong>UK</strong> parent does not produceconsolidated accounts or (iv) the ultimate <strong>UK</strong> parent has not yetpublished accounts.4. For the global rankings, the accounts used are the consolidatedgroup accounts of the ultimate parent company. Companies whichare subsidiaries of any other company are not ranked separately.<strong>The</strong>se bases seek to maximise completeness while at the sametime minimising double counting.5. <strong>The</strong> R&D <strong>investment</strong> included in the Scoreboards is the cash<strong>investment</strong> which is funded <strong>by</strong> the <strong>companies</strong> themselves. Itexcludes R&D undertaken under contract for customers such asgovernments or other <strong>companies</strong>. It also excludes the <strong>companies</strong>’share of any associated company or joint venture R&D <strong>investment</strong>.However, joint venture <strong>companies</strong> that publish accounts anddisclose R&D are included; an example is LGPhilips. Where part orall of R&D costs have been capitalised, to calculate the cash<strong>investment</strong> the additions to the appropriate intangible assets areincluded in the Scoreboard as R&D <strong>investment</strong> and anyamortisation is eliminated. For some foreign-owned <strong>UK</strong> <strong>companies</strong>,R&D <strong>investment</strong> is incurred within the <strong>UK</strong> but funded <strong>by</strong> the parentor another group company. In such cases, and where such R&D isnoted in the <strong>UK</strong> company report, the scope of R&D <strong>investment</strong>included in the <strong>UK</strong> Scoreboard is broadened to include the activitytaking place in the <strong>UK</strong> but funded from overseas (e.g. Ford**).248 <strong>The</strong> <strong>2006</strong> R&D Scoreboard<strong>The</strong> <strong>2006</strong> R&D Scoreboard 249
Notes on Scope, Definitions and Data SourcesNotes on Scope, Definitions and Data Sources6. For many diversified groups, the R&D <strong>investment</strong> disclosed in theiraccounts arises from only part of their activities, whereas sales,operating profit and market capitalisation are in respect of all theiractivities. Unless all such <strong>companies</strong> disclose additionally their R&D<strong>investment</strong> with the other information in segmental analyses, it isnot possible to relate the R&D more closely to the results of theindividual activities with which it is associated. <strong>The</strong> impact of thisis that some statistics for these <strong>companies</strong>, e.g. R&D as a % ofsales, are possibly understated for the divisions that are activein R&D.7. <strong>The</strong> focus of the Scoreboards on R&D <strong>investment</strong> as reported incompany accounts means that the results are independent of thelocation of the R&D activity. <strong>The</strong> <strong>UK</strong> Scoreboard indicates theoverall level of R&D funded <strong>by</strong> <strong>UK</strong> <strong>companies</strong>, not all of which iscarried out in the <strong>UK</strong> since most multinational <strong>companies</strong> need <strong>top</strong>lace some R&D in each of their major market areas. This approachenables inputs such as R&D and Capex <strong>investment</strong> to be related tooutputs such as sales, value added, profitability, productivity ratiosand market capitalisation. <strong>The</strong> information in the Scoreboard differstherefore from other information such as the Business EnterpriseR&D (BERD) data generated <strong>by</strong> the <strong>UK</strong> Office for National Statistics(ONS). <strong>The</strong> ONS data focus on R&D activity within the boundariesof the <strong>UK</strong>, independent of the source of funding and exclude R&Dcarried out <strong>by</strong> <strong>UK</strong> <strong>companies</strong> in other countries.8. Previous years’ R&D <strong>investment</strong> is taken from the appropriateyear’s annual report and accounts. R&D <strong>investment</strong> for previousyears does not take into account restated figures. Where asignificant event, such as a merger or acquisition has taken place,comparative figures from the latest accounts are taken to give amore accurate reflection of company performance. In the case ofacquisitions and mergers earlier year figures are taken in respectof the larger of the two constituent <strong>companies</strong>.9. Where a company has reported under IFRS and disclosed an R&Dfigure for the first time, comparative figures are taken to give anR&D figure for the previous year and a 1year growth rate. Where acompany previously reported under its domestic GAAP and hasdisclosed under IFRS for the first time in the current year, andwhere there is a material difference in R&D between the two years,comparative figures have been entered to more accurately reflectthe R&D spend for each year. Where there exists an informationdiscontinuity between the current year and previous yearcomparative figure for R&D disclosure, a “n/a” has been entered forthe previous year R&D.10. Companies with the same R&D spend to two decimal places areranked alphabetically in the ranking <strong>by</strong> R&D spend. If there is morethan one company with the same R&D spend to two decimal placesin the last ranked position, the actual R&D spend of the companyis used to determine which company to include in the Scoreboard.Definitions1. <strong>The</strong> R&D <strong>investment</strong> included in the Scoreboards, being thatdisclosed in the annual report and accounts, is subject to theaccounting definitions of R&D. In the <strong>UK</strong>, the definition is containedin Statement of Standard Accounting Practice (SSAP) 13“Accounting for research and development”. For global <strong>companies</strong>,the definition is governed <strong>by</strong> International Accounting Standard(IAS) 38 “Intangible assets”. Both of these definitions are based onthe OECD “Frascati” manual. <strong>The</strong> R&D <strong>investment</strong> disclosed insome global <strong>companies</strong>’ accounts follows the US practice ofincluding engineering costs relating to product improvement.Where these engineering costs have been disclosed separately,they have been excluded from the Scoreboard. However, theincidence of non-disclosure is uncertain and the impact of thispractice is a possible overstatement of some overseas R&D<strong>investment</strong> figures in comparison with the <strong>UK</strong>. Both US and <strong>UK</strong>practice exclude technical service from the definition of R&D.2. “Sales” – for banks, sales are defined as the “Total (operating)income” line from the profit & loss account. For insurance<strong>companies</strong>, sales are defined as “Gross premiums written” + anybanking income.3. “Operating profit (or loss)” – profit (or loss) before taxation, lessany Government grants, plus net interest paid (or minus netinterest received), less gains (or plus losses) arising from thesale/disposal of businesses or fixed assets. Grants can be asignificant proportion of operating profit in some sectors such asthe transport sector.4. “4yr Growth” – Current year R&D minus previous 4 year averageover the previous 4 year average. “4yr Growth” is still calculatedif a company has one fewer years of data (e.g. current and threeprevious years).5. “R&D + Capex” – <strong>The</strong> current year R&D <strong>investment</strong> plus additionsto tangible fixed assets.6. “Employees” – the consolidated average employees total, or yearend employees if average not stated.250 <strong>The</strong> <strong>2006</strong> R&D Scoreboard<strong>The</strong> <strong>2006</strong> R&D Scoreboard 251
Notes on Scope, Definitions and Data SourcesNotes on Scope, Definitions and Data Sources7. “Sales outside region” – Sales to a destination outside thecompany’s home region of Europe, North America or Rest of theWorld.8. “Market Breadth” – Sales <strong>by</strong> destination – analysed between:(i)Europe (where <strong>companies</strong> have defined their market breadth regionas “EMEA” it has been included in “Europe”); (ii) North America(where <strong>companies</strong> have defined their market breadth region as“Americas” it has been included in “North America”); and (iii) Restof the World9. Exchange rates – All foreign currency amounts have been translatedat the <strong>UK</strong> sterling exchange rates ruling at 31 December 2005. Thisapplies also to the historical comparative data. <strong>The</strong> principal ratesused are:Australia: $2.34 Canada: $2.01China: 13.85 YuanCroatia: 10.73 KunaDenmark: 10.86 Danish Kronor Euro: 1.45Hong Kong: $13.31Hungary: 367 ForintIndia: 77.27 Indian Rupee Israel: 7.9 ShekelJapan: 203 YenNorway: 11.63 Norwegian KronerRussia: 49.34 RoubleSlovakia: 55.07 KorunaSingapore: $2.85South Africa: 10.89 RandSouth Korea: 1735 Won Sweden: 13.66 Swedish KronorSwitzerland: 2.26 Swiss Franc Taiwan: $56.38Turkey: 2.32 Lira USA: $ 1.7210. <strong>The</strong> market capitalisation figures in the Scoreboards are the grossmarket capitalisation of each company as at 4 August <strong>2006</strong>. <strong>The</strong>percentage change in market capitalisation is calculated frommarket capitalisation on 12 August 2005.11. In the data tables, n/l stands for ‘not listed’, n/m stands for ‘notmeaningful’ (applied to certain ratios) and n/a stands for ‘notavailable from accounts’.12. Nationally owned – <strong>UK</strong> company which has a <strong>UK</strong> parent whoseaccounts could not be obtained. Nationally owned <strong>companies</strong>appear in the Scoreboard with an asterisk appended to their name(eg Britannia Soft Drinks*).Sources<strong>The</strong> database from which the Scoreboards are drawn is owned andmaintained <strong>by</strong> Company Reporting Ltd. <strong>The</strong> database consists ofinformation from the audited annual reports and accounts of <strong>UK</strong> andglobal <strong>companies</strong>. <strong>The</strong> <strong>UK</strong> <strong>companies</strong> are those which are identified<strong>by</strong> Company Reporting as having an R&D activity and which respondto a request for their annual accounts; there are no known omissions.<strong>The</strong> database contains many times more <strong>companies</strong> than are listed inthe Scoreboard to ensure that the <strong>top</strong> <strong>800</strong> or <strong>1250</strong> <strong>companies</strong> <strong>by</strong> R&D<strong>investment</strong> can be identified reliably in each case.<strong>The</strong> market capitalisation data for <strong>UK</strong> <strong>companies</strong> has been extractedfrom the Financial Times London Share Service as at 4 August <strong>2006</strong>.Financial Times London Share Service and Reuters have provided themarket capitalisation data for global <strong>companies</strong>. <strong>The</strong>se reflect themarket capitalisation of each company at the close of trading on 4August <strong>2006</strong>. Listing status (i.e. the <strong>companies</strong> in FTSE 100, FTSE 250,FT <strong>Global</strong> 500 etc) is taken as of 1 September <strong>2006</strong>.In the case of the <strong>UK</strong> Scoreboard, the Company Reporting database issupplemented <strong>by</strong> a feed service from Experian to assist in identifyingpotential new entrants to the ranking from amongst unlisted<strong>companies</strong>.In the case of the <strong>Global</strong> Scoreboard, the Company Reportingdatabase is supplemented <strong>by</strong> a feed service from Standard & Poor’sCompustat <strong>Global</strong> Vantage database to identify potential new entrantsto the ranking. <strong>The</strong> Amadeus database has also been used andrecognised international stock exchanges are monitored also forpotential new entrants.<strong>The</strong> set of US patent data included for some 270 <strong>companies</strong> has beenprovided <strong>by</strong> Innovaro and has been obtained <strong>by</strong> interrogating the USPatent Office database.Limitations<strong>The</strong>re are some limitations inherent in the approach used in preparingthe Scoreboards.<strong>The</strong> main limitation is the reliance on disclosure of R&D <strong>investment</strong> inpublished annual reports and accounts. In the <strong>UK</strong>, separate work <strong>by</strong>Company Reporting finds that a significant minority of <strong>companies</strong> withevidence of R&D activities disclose no figures for R&D <strong>investment</strong>. Insome cases, the R&D <strong>investment</strong> is not material enough to warrant252 <strong>The</strong> <strong>2006</strong> R&D Scoreboard<strong>The</strong> <strong>2006</strong> R&D Scoreboard 253
Notes on Scope, Definitions and Data SourcesNotes on Scope, Definitions and Data Sourcesdisclosure; in others (e.g. small <strong>companies</strong>) this is permitted <strong>by</strong> currentaccounting standards. However, the number of such <strong>companies</strong> makingvoluntary disclosure suggests that issues of definition are not regardeduniversally as insurmountable. Fortunately the level of voluntarydisclosure amongst smaller <strong>UK</strong> <strong>companies</strong> (i.e. those below the sizewhere disclosure of R&D is compulsory) is particularly high in R&Dintensive sectors such as Pharmaceuticals & biotechnology or Software& computer services.In the <strong>UK</strong> Scoreboard, some significant European owned <strong>companies</strong>do not appear. <strong>The</strong>y have taken advantage of the EC 7th Directiveprovision, which allows them to not prepare consolidated accounts iftheir results are reflected in the consolidated accounts of a parentcompany within another member country of the European Union; anexample is Volkswagen. Where there are no meaningful figures atgroup level, the accounts of the major <strong>UK</strong> operating subsidiary areused if these disclose R&D; examples of this are BMW (<strong>UK</strong>)Manufacturing** and Denso Manufacturing**.A few foreign-owned <strong>UK</strong> <strong>companies</strong> are known to have significant R&D<strong>investment</strong> but do not disclose this <strong>investment</strong> in their accounts andcan not therefore be included; example of this are Intel <strong>UK</strong> and Procter& Gamble <strong>UK</strong>. Companies occasionally change the basis on which theycalculate R&D and/or disclose it in their reports and accounts. <strong>The</strong>Scoreboard always records the published figure but, whereexplanations of major changes are available, the essence of suchexplanations is included in these notes. This year Pfizer (<strong>UK</strong>) haschanged the basis on which it has presented its R&D expenditure forthe last few years. <strong>The</strong> change involves excluding R&D carried out inthe <strong>UK</strong> but funded <strong>by</strong> Pfizer USA. <strong>The</strong> latest Pfizer (<strong>UK</strong>) accounts giveR&D expenditure as £350.5m compared to £597.8m for the previousyear and these figures are quoted in the Scoreboard. Pfizer (<strong>UK</strong>) advisethat, if the latest accounts had been prepared on the previous basis,they would have included additional US funded R&D and the total R&Dexpenditure would have been £554.7m. Since the £554.7m figure is notmentioned anywhere in the published accounts it is not possible toinclude it in the data section of the Scoreboard.<strong>The</strong> <strong>companies</strong> of some countries are less likely than others to discloseR&D <strong>investment</strong>, or to disclose it consistently. As a result, the globalScoreboard cannot set out to capture systematically all <strong>companies</strong> withR&D activity. <strong>The</strong>re is evidence to suggest that the distribution of R&Dactivity is highly skewed towards larger <strong>companies</strong>. <strong>The</strong> Scoreboardcaptures the more significant R&D investing <strong>companies</strong>, and in anycase, the minimum R&D needed for inclusion in the global Scoreboardis over £19M. <strong>The</strong> Scoreboard therefore allows reasonablecomparisons to be made. In Germany some private <strong>companies</strong> do notreadily make available copies of their accounts.A significant number of <strong>companies</strong> from South Asia and the AsiaPacific regions were analysed, however, many were found to haveR&D activity below the £19M required to be included in theScoreboard. Such <strong>companies</strong> include: Acer (Taiwan), Biocon (India),BOC (China), Braskem (Brazil), China Telecom (China), Far Eastone(Taiwan), Fisher & Paykel Healthcare (New Zealand), GreaterChinaTechnology (China), Infosys Technologies (India), ITC (India), National<strong>The</strong>rmal Power (India), Oil & Natural Gas (India), Reliance Group(India), Shanghai Baosteel (China), Singapore Telecom (Singapore),Sinovec Biotech (China), SK Corporation (South Korea), SunPharmaceutical (India), Taiwan Mobile (Taiwan), TATA Chemicals(India), TATA Consultancy Services (India), Telecom Malaysia(Malaysia), Tenaga Nasional (Malaysia) & Wipro (India). NumerousChinese <strong>companies</strong> did not respond to requests for their accounts.A number of <strong>companies</strong> identified in the Standard & Poor’s Compustat<strong>Global</strong> Vantage database as significant investors in R&D did notdisclose any R&D spend in their published annual accounts. Such<strong>companies</strong> include: Alps Electric (Japan), Doosan Infracore (SouthKorea), Halla Climate Control (South Korea), Hyosung (South Korea),JEOL (Japan), Moshida Pharmaceutical (Japan), NHN (Japan), SK(South Korea), Yulon Motor (Taiwan) & Zeria Pharmaceutical (Japan).Microsoft’s figures that are included in the Scoreboard are taken fromtheir preliminary full year accounts. As an employee figure was notdisclosed in the document an approximation was taken which wasprovided <strong>by</strong> Microsoft’s investor relations department.<strong>The</strong>re is a lack of consistency in the disclosure of sales data used forthe “Market Breadth” analysis. Many <strong>companies</strong> disclose sales <strong>by</strong>geographic origin as opposed to geographic destination – these<strong>companies</strong> have been excluded from the “Market Breadth” analysis.If it has not been possible to disaggregate a company’s sales into thethree standard regions, the company has also been excluded from the“Market Breadth” analysis.Due to industry classification moving from FTSE to ICB there is a smallnumber of <strong>companies</strong> that have moved from one industry sector toanother. Such <strong>companies</strong> include: Philips Electronics (was Electronic &electrical equipment, now Leisure goods), Sony (was Electronic &254 <strong>The</strong> <strong>2006</strong> R&D Scoreboard<strong>The</strong> <strong>2006</strong> R&D Scoreboard 255
Notes on Scope, Definitions and Data Sourceselectrical equipment, now Leisure goods) & Matsushita Electric (wasElectronic & electrical equipment, now Leisure goods).Commentaries<strong>The</strong> Department believes that the external personal commentariesprovided <strong>by</strong> City and Business representatives play a crucial role inhighlighting the key messages of this publication. <strong>The</strong> views arehowever, personal to these individuals and do not necessarily reflectthe views of the Department of Trade & Industry or Her Majesty’sGovernment.Distribution<strong>The</strong> information in the Scoreboard, and an extract from the data set,is available at: http://www.innovation.gov.uk/rd_scoreboard.An electronic version in Microsoft Excel format can be downloadedfrom the DTI web site or, alternatively, from the Company Reportingweb site at: www.companyreporting.com. Enquiries about the datacan be directed to: research@comrep.co.uk. Printed copies of theScoreboard are available free of charge via e-mail from:publications@dti.gsi.gov.uk or <strong>by</strong> calling the DTI Publications Orderlineon 0845 015 0010 or fax 0845 015 0020256 <strong>The</strong> <strong>2006</strong> R&D Scoreboard
<strong>The</strong> following organisations have kindly agreed to endorse theScoreboard as a source of information for <strong>companies</strong> and theirshareholders when considering the amount invested in R&D aspart of the innovation process and business strategy.
Printed in the <strong>UK</strong> on recycled paper containing a minimum of 75% post consumer waste.First published October <strong>2006</strong>. Department of Trade and Industry. www.dti.gov.uk/© Crown Copyright. DTI/Pub 8416/2.5k/10/06/NP. URN 06/215
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