Why Medvedev’s trip to Silicon Valley may yield little in the way of concrete results, from Reuters. Ria-Novosti has a round-up of the trip. Russia already has several science parks, which have not flourished – why should Skolkovo be any different, wonders an article by RFE/RL. At a talk at Stanford University Medvedev expressed his admiration for the technology hub in a speech read off an I-pad. ‘He [Medvedev] is remarkably open’, Cisco CEO John Chambers told reporters. The company plans to invest $100 million in venture projects in Russia. The President’s first tweet. Jumping on the innovation band wagon, Rusal is reportedly looking for $45 million from the government for two projects in that sphere. Sistema Shyam TeleServices has said it expected to receive an investment of more than $600 million from the Russian government as early as September. First Deputy Prime Minister Igor Shuvalov has no plans for a bank levy that exists in other European countries. An article from Reuters ponders the longevity of the cash-for-clunkers scheme.