TITLE

ProQuest Focuses on K-12 School Market but Questions Continue

PUB. DATE
January 2007
SOURCE
Electronic Education Report;1/12/2007, Vol. 14 Issue 1, p5
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article provides updates on the developments in the business operation of ProQuest Co. in Ann Arbor, Michigan. The company sold off another business unit to widen its concentration on K-12 education market. In addition, it has lowered its guidance for 2006 and extended the range of its investigation on accounting irregularities. According to market analysts, the company's move of selling its more reliable and profitable information industry assets to concentrate on sales to schools has trembled and threatened its investors who doubted the capability of their offering to meet the demands of the market. Proquest stated that its education division could create revenue below $120 million and produced an estimated $94 million in the first nine months of 2006.
ACCESSION #
23855898

 

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