PARC Signs On A Partner: Fujitsu
leighklotz writes "PARC, which a few years ago was said be be targeted for a spin-off from Xerox, has signed on its first major partner under its new life as a wholly-owned subsidiary of Xerox. Fujitsu has announced "Joint Research in Ubiquitous Computing," a three-year sponsored-research plan beginning in January 2005. 'Because we're not a product company, we need a partner like Fujitsu who can deliver our products into the marketplace,' said Teresa Lunt, according to InfoWorld."
Despite PARCs perceived failures (like not capitalizing commercially on the GUI), its creation of the laser printer more than made the entire endeavor profitable for Xerox. I suggest reading Dealers of Lightning for a great history of Xerox PARC.
Dude, I think I can see my house from here.