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Looking at most of the PDAs on the market, they are all the same, with simple variations on design. It does not take a researcher to decide that a PDA should have WM5, 128MB of RAM, a square display, built-in Bluetooth and a long life battery. Sales departments pick features like these, engineers formalize the specs, if necessary and find ways to get it built. Companies do not need R&D for mundane tasks like this.
HTC already builds most PDAs and has a core of good engineers. Any company wanting to market their own device only has to provide specs to HTC and dicker over the cost and deadlines. I suspect that anyone wanting a Windows Mobile device only has to ask for one.
Now this does not mean that Dell can get by without R&D for advanced technologies, but it does mean that they can continue to market a line of PDAs for as long as they want and never spend a dollar on research.
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Current: Dell x51v, 2GB SD
Old: Pilot, IIIc, m505, Tungsten, Axim X5, HP4700
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