PARC, whose four-letter acronym stands for Palo Alto (Calif.) Research Center, celebrated its 40th birthday Sept. 23, 2010, with a half-day event at its San Francisco Bay area foothills campus. Now, in 2012, PARC is celebrating another milestone: the 10-year anniversary of becoming incorporated as a wholly owned yet independent subsidiary of Xerox. Currently, PARC has a long list of customers, but it still does most of its business with its parent company and government agencies. Its annual revenue is estimated at around $80 million. You may already know that many familiar IT standards were developed at PARC, including the graphical user interface for computers, laser printing, computer programming languages, Ethernet networking and VLSI circuit design. There also has been a lot of recent innovation at PARC of which you might not be aware.
Google PARC and take a look.
Above article is courtesy of eWeek.com
A must read for the innovator.
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