Wiley has the motherload of technical content in
science, business,professional and educational areas. But
the company desperately needs a sound web strategy,
and the expertise, infrastructure, and devoted
financial resources to execute on the web. Until the
company makes a real commitment to exploiting the
publishing opportunities provided by the Web, this puppy
will languish. Wiley needs real leadership in the
internet; not just management.
I was respoonding to the message prior. This
said, I agree with you about college being the smallest
part of the company. As to movine, maybe not out of
touch as much as well-versed in the college side of the
the vp of marketing has his assistant print out
his email messages and then gives her
the major problem with this company is that it is not
for sale and has snubbed its nose at bidders. the two
recent overpriced acquisitions signaled that the family
and the ceo were not interested in selling the
company. for the three wiley's, this is their legacy. the
market is not amused by this.
unfortunately, the people brought in to run so
called "new media" are recycled publishing types who
have no idea how to operate in a fast-moving tech
environment. Too bad, they've had opportunities...but hey,
they're happy to make books (with occasional dabbles in
technology), and will make a nice profit, but growth will be
mediocre at best. Unfortunately, stockholders' gains will
You say - "the people brought in to run so called
'new media' are recycled publishing types who have no
idea how to operate in a fast-moving tech environment"
I disagree - isn't Steve Schultz in that group? We
all know he is one of the finest technical people
around. It's obvious his talents are going to waste. He
should be running the whole web operation - then you'd
at least you got a round trip on the share price.
wiley cannot afford tech types or e commerce people.
they remain very print oriented. in college, they have
people in key places who are technophobic.
think the stock sells off in here as people continue to
take their losses---i would be around 15. the bass
brothers, who own over 15% of the A stock, are getting