Lernout is declared insolvent

Article Abstract:

An Ypres, Belgium court declared Lernout and Hauspie Speech Products software company insolvent, refuting the company's call for a Chapter 11-type ruling. The court pointed out that Lernout's debt was 520 million euros, but sales of the company's assets would not even be close to 25 million euros (around $22 million). SpeechWorks International closed in to bid on Lernout's speech technology business at $12 million while MedQuist offered $25 million for the medical unit. Massachusetts speech recognition company Dragon Systems, which Lernout bought last year, is now penniless. Lernout's U.S. bankruptcy status will be decided later.

Belgium, Liabilities NEC, Management, Finance, Securities fraud, Voice communications software, Dragon Systems Inc., Lernout & Hauspie Speech Products USA Inc., Bankruptcy, Company bankruptcy, Bodson, Philippe, Lernout, Jo, Hauspie, Pol

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Europe Goes On Offensive In the Case Of Microsoft

Article Abstract:

Microsoft faces another legal challenge to its control over computer operating systems as it faces a European Commission lawsuit seeking to prevent Media Player's packaging of its devices with the Windows OS.? The current Media 9 Series is bundled with Windows XP.? Because the EC views Microsoft OS dominance as uncompromising, it c ould levy a fine that could be as high as $3 billion.?Of greater concern to Microsoft is the ?challenge it faces in unbundling the operating system from Media Player devices.

Regulation, Licensing, and Inspection of Miscellaneous Commercial Sectors, Antitrust Law, Applications Software Pkgs (Micro), Company legal issue, Microsoft Corp., European Union. European Commission, MSFT, Applications software, Antitrust issue, MSFT P

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Europe Delays Vote to Unify Patent Rules

Article Abstract:

The European Union is trying to harmonize patent laws across Europe. The legislation, which has become known as the software patent directive, would ban patents on data processing innovations.

Europe, Government regulation (cont), Government regulation, Other Justice, Public Order, and Safety Activities, Patents & copyrights, Patent Law, Interpretation and construction, Laws, regulations and rules, European Union, Intellectual property, Software quality

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