It is no secret that other companies have approached JW over the last few years. Most pubs are interested in the higher ed group. If any of you read the Tribune/Times Mirror story, you know that this merger is happening because Tribune finally got smart enough to bypass Mark Willes, who was adamant about not selling the company, and went straight to the family. I think the issue for Wiley is whether it can afford to pay for an internet strategy. I disagree with those of you who say a "conservative" approach is what is needed thse days. A one year delay in implementation can mean a two generation lag in terms of the technology. Someone recently (Pix) touted an Eric Swanson as the new sort of tech guru at Wiley. I believe that Mr Swanson is a very traditional publishing type that came to Wiley with an aquisition. I, for one, am hoping for a sale of the company. This is what happened at West, Commerce Clearing House and I believe a few others that were "tightly held."