FAXON -- Hopeful news David_Fisher@UCSDLIBRARY.ucsd.edu 10 Aug 1994 17:31 UTC
The text of this message is forwarded from David Fisher, with permission from Joe Barker. --bml ---------------------------------- Forwarded ---------------------------------- Birdie: Have you seen this announcement from Joe Barker yet? I believe his original posting went only to UC Acquisitions Heads but he granted me permission to forward it to you if you care to post it to SERIALST. Dave Fisher SIO Library Scripps Institution of Oceanography UCSD dfisher@ucsd.edu ------------------------------------------------------- Berkeley does NOT plan to shift its remaining Faxon business (some 4,000 titles) to other vendors. I met with Mike Markwith and Ann McKee this afternoon and expect, within 2 weeks, to get written guarantees from publishers and from Faxon's bankers that Faxon will have paid in full its debt, has the ability to meet its expenses, has a line of credit, and has procedures in place to ensure that 1995 renewals will be paid in full. The structure of the Faxon company is to remain privately owned and focussed on domestic academic, corporate, medical, and law libraries. The company has a set of experienced and level-headed managers running it collaboratively, under the ownership of Judy Davis. I expect service to improve with this less scattered emphasis on the company's mission. I never was enthusiastic about the globalization and diversification that Faxon was led into by its former management. The sale of Turner to EBSCO is an opportunity for Faxon to focus further by not being involved in school libraries. Faxon is continuing to develop Source and EDI, at a more realistic pace (ready in time for 1996 renewals). This still promises to be the best of the online systems among all of the serials agents in the world. Faxon's EDI developments are ahead of anyone else's, and Fritz Schwartz is remaining with Faxon. I believe it is good that Faxon is not selling to another company. What reassurances did we have that a publishing firm like Donnelly would continue to emphasize library services? None. And if another serials agent were to step in, this would reduce competition and result in higher service charges and less leverage for customers in the long run. I will await the written verification of all of this, of course. But not to extend such a promising company this short extension of our patience would, in my mind, not be in Berkeley's best interests -- or the best interests of North American libraries. I encourage other libraries to follow suit. As we said months ago when all of this began to worry us, if we all leave Faxon in a panic, the company cannot possibly have the wherewithall to pull through. Their survival is in all our best interests. Other companies have been compelled into automation and research and development for years largely by the need to compete with Faxon. The most important and useful of Faxon's R & D is continuing, and I look forward to it. JOE BARKER >-- Saved internet headers (useful for debugging) >Received: from library.Berkeley.EDU by ucsd.edu; id RAA11975 sendmail 8.6.9/UCS >Received: by library.Berkeley.EDU (4.1/1.31) id AA19040; Mon, 8 Aug 94 17:39:20 >Date: Mon, 8 Aug 1994 17:37:56 -0700 (PDT) >From: Joe Barker <jbarker@library.Berkeley.EDU> >Subject: FAXON -- Hopeful news >To: UC Acq/Serials Librarins <davis5@ucrac1.ucr.edu>, ecz5ajs@mvs.oac.ucla.edu, >Message-Id: <Pine.3.05.9408081756.D17924-c100000@library.Berkeley.EDU> >Mime-Version: 1.0 >Content-Type: TEXT/PLAIN; charset=US-ASCII