Anonymous Patron writes “Interesting Business News on Reed Elsevier. shares in Reed fell 4% after investors took fright at the prospects for its science division after minimal increases in the budgets of academic libraries.
At the same time, a delay in the launch of a major software product meant some sales growth would be pushed from 2004 into the following year.
A Bit More in another report, and even more with an interesting quote:“We haven’t seen any recovery in academic library budgets,” compared with anticipated spending growth of as much as 1.5 percent this year, he said. “We are in an environment where budgets are under great pressure.”
No mention of The Prices they charge. though Margins were discussed some.”
Recent Comments