Thursday, November 30, 2000

Lernout & Hauspie Files for Bankruptcy Within the last year, as its stock price soared above $70, Lernout & Hauspie bought two leading American
speech-recognition software makers, Dictaphone and Dragon Systems. But yesterday's bankruptcy filing
accelerated the company's long tumble from the top of the industry, which included the recent resignation of
its founders, Jo Lernout and Pol Hauspie.

Lernout & Hauspie's shares were suspended indefinitely this month on Easdaq, the European stock market,
and on Nasdaq, where the price had dropped below $7.

No comments:

Post a Comment

con·cept