From World Class To World Class Disaster
Just last spring, Belgium's Lernout & Hauspie Speech Products appeared on the brink of greatness. Its appeal was natural-language software, which would permit users to surf the Web simply by talking, and eventually even translate both spoken words and text. Microsoft Corp. and Intel Corp. had snatched up stakes in the company, and retail investors followed. By last March, with a market cap topping $8 billion, L&H was snapping up U.S. companies Dragon Systems Inc. of Newton, Mass., and Dictaphone Corp. of Stratford, Conn. This Belgian company was world-class.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.
- Bitcoin Futures Deliver Wild Ride as Debut Brings Rally, Halts
- Investors Told to Brace for Steepest Rate Hikes Since 2006
- A Manager of $42 Billion Fears Bubble in World's Biggest Stocks
- Longtime NPR Host Tom Ashbrook Is Facing Misconduct Allegations
- Buffett's About to Get $3 Billion Back From Burger King Owner