Re: netlibrary's bankruptcy and III

[Tony Zbaraschuk <tzbarasc@xxxxxxxxxx>]

On Wed, Jan 02, 2002 at 06:21:13PM -0800, Miriam Bobkoff wrote:
> I have seen in two places that III is NetLibrary's
> biggest creditor. They owe $3 million dollars to
> Innovative.
> 
> I'm not business minded. Can someone explain what
> three million dollars of services III has provided
> them, and what it might do to Innovative's balance
> sheet to be missing three million dollars worth of
> expected revenue ?

I don't know about Innovative's balance sheet, but I suspect that
the services III has provided NetLibrary include the provision
of e-books to OPACs.  Our own library acquired several thousand
e-books this way, with records in the OPAC linked to e-books
at NetLibrary.


Tony Zbaraschuk


-- 
Tony Zbaraschuk
Special Collections Librarian,         E-mail: tzbarasc@xxxxxxxxxx
  Archivist, & Library Webmaster       Et vocavit Deus, "Fiat lux!"
La Sierra University