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Lernout Hauspie Company

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BUSINESS
June 21, 2001
* Covad Communications Group Inc. reported an operating loss of $159.9 million, or 93 cents a share for its fiscal first quarter, far better than the $1.35-a-share loss analysts expected. The struggling seller of digital subscriber lines for fast Internet access said revenue more than tripled to $71.2 million from $20.8 million. * Avnet Inc., a distributor of computer parts, said fiscal fourth-quarter sales will come in 25% to 30% lower than the $3.
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BUSINESS
June 21, 2001
* Covad Communications Group Inc. reported an operating loss of $159.9 million, or 93 cents a share for its fiscal first quarter, far better than the $1.35-a-share loss analysts expected. The struggling seller of digital subscriber lines for fast Internet access said revenue more than tripled to $71.2 million from $20.8 million. * Avnet Inc., a distributor of computer parts, said fiscal fourth-quarter sales will come in 25% to 30% lower than the $3.
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BUSINESS
September 22, 2000 | Associated Press
Shares of Lernout & Hauspie skidded after the speech recognition and translation software maker said the Securities and Exchange Commission is investigating its financial statements. Its shares were down nearly 29%, or $6.13, to close at $15.13 on Nasdaq. The company, which has headquarters in Belgium and Burlington, Mass., makes products that, among other things, allow people to use their normal speaking voice to dictate documents and control their computers.
BUSINESS
May 29, 2001 | Associated Press
A group of investors in Lernout & Hauspie Speech Products, the onetime highflying technology firm now under bankruptcy protection, have developed an alternative recovery plan they say will benefit shareholders. The company already has filed its recovery plan with a Belgian court--which involves selling the speech and language technology or forming a new company from those assets.
BUSINESS
May 29, 2001 | Associated Press
A group of investors in Lernout & Hauspie Speech Products, the onetime highflying technology firm now under bankruptcy protection, have developed an alternative recovery plan they say will benefit shareholders. The company already has filed its recovery plan with a Belgian court--which involves selling the speech and language technology or forming a new company from those assets.
BUSINESS
April 28, 2001 | RAF CASERT, ASSOCIATED PRESS
Shareholders of high-tech firm Lernout & Hauspie Speech Products received a double dose of bad news at their meeting Friday: The two founders were in jail and an additional $96 million of declared income turned out to be fictitious. New Chief Executive Philippe Bodson also said he might put much more of the company up for sale than initially planned. Jo Lernout and Pol Hauspie, who started the speech recognition company a dozen years ago, were charged with forgery and stock manipulation Friday.
BUSINESS
April 28, 2001 | RAF CASERT, ASSOCIATED PRESS
Shareholders of high-tech firm Lernout & Hauspie Speech Products received a double dose of bad news at their meeting Friday: The two founders were in jail and an additional $96 million of declared income turned out to be fictitious. New Chief Executive Philippe Bodson also said he might put much more of the company up for sale than initially planned. Jo Lernout and Pol Hauspie, who started the speech recognition company a dozen years ago, were charged with forgery and stock manipulation Friday.
BUSINESS
September 22, 2000 | Associated Press
Shares of Lernout & Hauspie skidded after the speech recognition and translation software maker said the Securities and Exchange Commission is investigating its financial statements. Its shares were down nearly 29%, or $6.13, to close at $15.13 on Nasdaq. The company, which has headquarters in Belgium and Burlington, Mass., makes products that, among other things, allow people to use their normal speaking voice to dictate documents and control their computers.
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