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Home > Company Index > Computer Software & Services > Communication Software > Lernout & Hauspie Speech Products N.V.

Lernout & Hauspie Speech Products N.V.
OTC: LHSPQ
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 NEWS FROM THE STANDARD
L&H Chief Says Buyers in Sight
Aug 10 2001 11:02 AM PDT

Does SPF 45 Protect You From Feds?
May 29 2001 07:55 AM PDT

All Talk, No Action
May 14 2001 12:00 AM PDT

Net Layoffs Hit a Dubious Milestone
May 08 2001 04:05 PM PDT

Lernout & Hauspie's Troubles Mount
Apr 27 2001 11:52 AM PDT

 PROFILE
Lernout & Hauspie Speech Products (L&H) is learning some new lessons -- the hard way. Once a high-flying maker of speech recognition, dictation, and translation software, L&H was on a buying spree before debts and legal troubles ended its upward ride. Chip makers such as Intel and NEC licensed its development tools, and L&H had collaborative development agreements with companies such as Microsoft. L&H, which has been operating under bankruptcy protection, is selling assets to repay mounting debts. The company is also restating two-and-a-half years of earnings and is under investigation by the SEC and Belgian prosecutors. Co-founders Jo Lernout and Pol Hauspie (both battling charges of fraud) together own 30% of L&H.

 COMPETITION
International Business Machines Corporation (IBM)
Nuance Communications, Inc. (NUAN)
SpeechWorks International, Inc. (SPWX)

 DEALS
Deal: Lionbridge Agrees to Acquire Mendez
Date Announced: 07.03.01
Value of transaction (US $Mil): 27
Description: Technology and content solutions company announces intent to buy tech-driven translation company.

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 STOCK ANALYSIS
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FURTHER ANALYSIS
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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 2,020.90
1-Yr. Sales Growth: 487.1%
Employees: 6,149
Revenue per employee: $328,655.07

 KEY PEOPLE
• Philippe Bodson
    CEO
• Tim Ledwick
    CFO

 CONTACT INFO
Flanders Language Valley 50
8900 Ieper, Belgium
Phone: 32-57-228-888
Fax: 32-57-208-489
Online: Web Site

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