Thread regarding Follett layoffs

Bottom line

Follett is facing an uphill task in attempting to create substainable growth in a market that is changing rapidly toward the elimination of companies required to order, stock and sell hard copy texts. Eventually all publishers will circumvent Follett and the students will order the digital text directly from the publisher with the school receiving some compensation thus leaving Follett to sell clothing, etc. This model is already beginning to seek traction and will most likely take off quickly, especially if the faculty get even closer to publishers for financial incentives. So Follett's best strategy is to have a broker find a buyer that feels they can strengthen the profits for a certain amount of time and then resell the business. My bet is the company will be sold to a large foreign investor based in the Netherlands. You heard it here first!

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