HMH hits Chapter 11

[fjtorres]

Originally Posted by Kumabjorn

The problem for those supplying the public sector - rather than the chaos of the market - is that when they are cut off it is usually brutal. No slow decline, no time to recover, it's like being guillotined.

Uh-huh.
Also, their business success is more often the result of specmanship and/or deal making than actually meeting consumer needs.
And when a deal falls through... guillotined.

Live by the big deal, die by the big deal.
Sometimes it is safer to actually earn your money one customer at a time.