|Weekly News Digest
August 21, 2000 — In addition to this week's NewsBreaks article and the monthly NewsLink Spotlight, Information Today, Inc. (ITI) offers Weekly News Digests that feature recent product news and company announcements. Watch for additional coverage to appear in the next print issue of Information Today. For other up-to-the-minute news, check out ITI’s Twitter account: @ITINewsBreaks.
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netLibrary Files for IPO
On Thursday August 17, netLibrary, Inc. filed with the Securities and Exchange Commission for an initial public offering (IPO) of public shares, hoping to raise $82 million. (The Registration Statement Form S-1 is available at http://www.freedgar.com.) The number and price of shares has not yet been revealed, but the company has applied for a NASDAQ listing under the symbol "EBKS." With the additional money, netLibrary plans to leverage and expand its strategic relationships, enhance its platform and functionality, ensure that its platform remains compatible with existing and future reader devices and electronic book file formats, expand its electronic book collection, and increase its penetration into existing and new markets.
According to netLibrary, "As of June 30, 2000, we have sold over 162,000 copies of our electronic books. Our electronic books are currently available to patrons of more than 1,100 academic, corporate, K-12, and public libraries. Building on our recent acquisition of MetaText, Inc., we have begun efforts to sell electronic textbooks in the academic and K-12 markets."
One interesting clause in the document filed with the SEC states: "To date, we have paid the costs of creating our electronic books. We recently modified our business model to have publishers pay for all or part of the conversion costs beginning by the end of 2000. We have only recently begun discussing this proposal with publishers, and do not yet know whether or to what extent publishers will be willing to provide us rights to the titles that we desire on these terms."
NewsEdge, Northern Light Expand Partnership
NewsEdge Corp. (http://www.newsedge.com) and Northern Light Technology, Inc. (http://www.northernlight.com) have announced an expanded partnership. The new agreement calls for NewsEdge to market Northern Light's award-winning Web search and rich publication archive services to NewsEdge's eTopics and iTopics clients for use within their intranet and extranet environments, for a low annual fee.
Introduced in May 2000, eTopics delivers current, editorially tailored business content to Web portals, corporate intranets, extranets, and e-commerce exchanges. iTopics, introduced in June 2000, is a service that integrates global, business-focused content into enterprise intranets. The addition of Northern Light's content and search provides a multiyear archive of premium publications and periodicals plus Web search facilities.
NewsEdge president and CEO Cliff Pollan said, "Northern Light provides a rich research tool that gives companies a leg up on the competition and will also help NewsEdge corporate customers attract and retain loyal visitors."
Source: NewsEdge Corp.
Infotrieve to Offer Article Ordering on AIMR Site
The CFA Digest, a quarterly publication of the Association for Investment Management and Research (AIMR; http://www.aimr.org), culls and abstracts articles from numerous professional journals relevant to investment managers and financial analysts. Next month, AIMR will launch a Web site (http://www.aimrpubs.org) to enable its members to access The CFA Digest electronically.
Thanks to a cooperative agreement between AIMR and Infotrieve (http://www.infotrieve.com), a document-ordering service and Web research portal, AIMR members (numbering 43,000 in 95 countries) will be able to immediately order the full text of the original articles abstracted in The CFA Digest. Payment can be made online via Infotrieve's secure credit card feature. Depending on the original source of the requested article, document delivery can be made by fax, overnight courier delivery (limited by location), Internet, and regular mail.
Scott Ahlberg, Infotrieve executive vice president, said: "We are aggressively moving to establish cooperative programs with hundreds of professional groups and trade associations around the world, and AIMR—with its international visibility and high-quality membership—is a great organization with which to work. We welcome them to our growing family of affiliates." According to the company, Infotrieve has similar, seamless ordering affiliate arrangements with numerous organizations.
New Dialog One Pharmaceutical Module Available
Dialog One is a suite of easy-to-use, one-click interfaces. According to Dialog, a question-driven format empowers infrequent or novice searchers to easily target the information they need. The new Dialog One Pharmaceutical (http://www.dialog1.com/pharma/index.html) allows fast access to Diogenes, Pharmaprojects, EMBASE, F-D-C Reports, and other pharmaceutical sources.
Industry Intelligence allows users to search for Company Profiles, M&A's, and Industry News. Pharma Patent Information includes forms to search by drug name, company, patent number, patent expirations, and pending U.S. patent applications. Research News provides breaking news about drug-related research. The service also offers form-based searching of journal articles and searches of research literature using database-mapping capabilities. Regulatory Information includes forms for Drug Approvals, Warning Letters, and New Legislation.
There is no charge to access or search Dialog One. Customers are billed only for output according to the terms of their existing contracts.
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