| An SI Board Since September 2000 |
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We are the leading provider of electronic book technology and services to publishers, educational and corporate libraries and other book industry participants. Through our technology and services, which we call our platform, we create, sell and manage electronic books while protecting the copyrights of the digital content. Our electronic books can be securely delivered to audiences over the Internet and corporate intranets for use with different reader devices and reader software products. We offer publishers and customers an end-to-end solution, including the conversion, copyright protection, hosting, management and distribution of electronic books. We have converted over 28,000 titles, which represent the largest collection of electronic books available from a single source.
Competition among companies that provide digital content over the Internet is intense. While we currently are not aware of any competitor that provides an end-to-end solution for the conversion, distribution, management and sale of electronic books over the Internet, we face competition in each of these areas, and we expect that competition in some or all of these areas will increase. We compete with the following types of companies: providers of digital content and related services; providers of digital rights management solutions and related services and reader software products; and book retailers and distributors. We may also face competition from existing book industry participants entering the electronic book market and from strategic alliances formed by competitors in several of our markets. We believe that due to increased competition we will need to invest in new technologies to maintain our competitive position.
Liberty Digital owns roughly 2% of this company.
NetLibrary filed to go public on 8/17/00.
CS First Boston is set to be the lead underwriter.
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