NUANCE COMMUNICATIONS (NUAN) -- Voice Interface Software Message Board

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Technology Stocks : NUANCE COMMUNICATIONS (NUAN) -- Voice Interface Software

NUAN 54.84

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Aug 11 5:00 PM EST

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To: Walter Morton who started this subject	1/5/2001 11:04:28 AM
From: bob zagorin	of 191

Dain Rauscher Wessels Report Forecasts Outstanding Market Opportunity for Speech Recognition Applications MINNEAPOLIS, Jan 4, 2001 (BUSINESS WIRE) -- Speech recognition technology will see growing acceptance in a wide variety of applications over the next several years, according to Peter Leppik, equity analyst at Dain Rauscher Wessels. Speech-enabled applications--including enterprise applications, voice portals and voice commerce--are likely to become a multi-billion dollar industry within the next few years. Leppik, who recently issued the report "I Hear and Obey: Speech Recognition Applications," expects Nuance and SpeechWorks to continue to be two dominant players in the market and sell more than $95 million in software licenses during 2001, up from $52 million in 2000. "The sleeper use for speech recognition technology is in providing telephone access to enterprise applications such as sales force and customer relationship management, logistics and supply chain software," Leppik said. "Companies collectively spend tens of billions of dollars on these systems, and speech recognition technology allows these companies to provide anytime/anywhere access to critical software and information." According to Leppik, there is also a significant opportunity for voice commerce--which uses speech recognition to take orders over the telephone--particularly in developing nations where few people are connected to the Internet. In these markets, voice commerce offers the opportunity to realize many of the cost and convenience advantages of online, automated transactions without an Internet connection. Institutional investors interested in receiving more information should contact their Dain Rauscher Wessels salesperson. Media interested in receiving Leppik's research report should call (612) 371-7752.

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