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Apple And Google Are Down But The New S&P/BusinessWeek Global Innovation Index Shows That Innovation-Driven Companies Perform Much Better Than Most.

The news on Apple and Google is grim, as their stocks fall sharply from their highs. The fear is that people will pull back their discretionary spending as the recession unfolds, hurting sales and advertising.

That may be true for the immediate months ahead, but for anyone taking the medium and long-term view, it is clear that innovation and design pay real returns in revenues, profits and higher stock prices.