Need for creativity in the era of financial turmoil

I´m a bit worried about.  At the moment many companies are struggling with serious financial difficulties and they are reducing capacity from R & D department. It is wise move?

This seems to be a new policy of Nokia also to cut costs of R & D. In the Helsingin Sanomat newspaper the Executive Vice President, Chief Financial Officer Rick Simonson told that Nokia is being planning to reduce spending in R & D.

I don´t think that this is a wise solution. In difficult situation it´s room for creative services and ideas that make new business.