Lightspan software approved for purchase in California. (technology update).
Dozens of software products are listed each year in the catalog, so there is no guarantee Lightspan's programs will be purchased.
While growing in revenue each year, Lightspan has yet to turn much--if any--profit, a reality faced by most companies in the industry. Peter Appert, managing director of Deutsche Banc Alex. Brown, says for years, the educational software market has been hampered by inferior products for true pedagogical instruction. And while Lightspan may have survived thus far because it provides a solid offerings, it has had difficulty distancing itself from the pack.
"From a financial standpoint, Lightspan was a high-flying stock because of some of its early success. But now, it's practically a penny stock, so being listed in the California instructional materials catalog could really help the company," Appert says.
In addition, the same Achieve Now software has been accepted for listing on the California Learning Resource Network Web site. Established three years ago, CLRN enables California educators to identify supplemental electronic learning resources that meet local instructional needs and reinforce the California curriculum framework. It identifies and reviews supplemental electronic learning resources and also identifies lessons aligned to resources and the state academic content standards.
"Being listed on the CLRN means educators will know exactly how Lightspan's products correlate to California state standards, which is especially important in this period of increased accountability at both the state and federal levels," says CLRN's director Bridget Foster.
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|Article Type:||Brief Article|
|Date:||Oct 1, 2001|
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