Lernout & Hauspie acquires its main rival, Dragon Systems
Article Abstract:
Lernout and Hauspie Speech Products NV has acquired Dragon Systems Inc., a maker of speech recognition software. Lernout and Hauspie acquired Dragon Systems for $587 million (608.1 million euros).
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2000
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Insurance company with close ties was Major Lernout & Hauspie investor
Article Abstract:
The article discusses how Mercator & Noordstar NV, a Belgian insurance firm with close connections to Lernout & Hauspie (L&H), owned 16 of the 30 startup companies that provided a large part of L&H's revenue in 1998 and 1999. The close ties appear to support the concerns of some L&H critics, who thought that the startup companies were secretly financed by parties related to L&H that that would benefit from an increase in the company's stock price.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2000
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Lernout & Hauspie wins lender's OK for restructuring
Article Abstract:
Lernout and Hauspie Speech Products NV's restructuring plan has been approved by most of the company's creditors. The new managment's restructuring plan will lead to the breakup of the firm.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2001
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