Monsters Inc. Sequel Story Details?

Disney Central Plaza has posted an article claiming to have a synopsis for Pixar’s upcoming “Monsters, Inc.” sequel taken from a Disney film catalog. The synopsis hints that the story is a prequel:

“[The story] will take us back to before a time when Mike Wazowski was top comedian, before James P. Sullivan was top scarer, even before the buddies joined the MI workforce. In fact it takes us all the way back to school – the University of Fear to be precise. Although the two start out as frenemies, Monsters, Inc. 2 will weave the tale of how the dynamic duo transition from rivals to BFFs.”

Presently however the report should be taken purely as rumour. The first film’s director Pete Docter returns to helm the film which is currently scheduled for a November 12th 2012 release.