LHSP....
Garyx:
Thank you for the Hunt report on LHSP.
Do I understand from your report that LHSP is a gorilla candidate, as opposed to a royalty play?
If it is a gorilla candidate, do I understand from your report that LHSP uses closed proprietary architecture, which would not be quite as profitable or longlasting as open proprietary architecture since this latter condition may result in a larger value chain?
Either way, I have been interested in speech recognition for several years. I have tried Dragon systems/IBM ViaVoice and been disappointed with the inordinate amount of time necessary to train the computer.....in part, because I was born and reared in L.A., which means I slur my words. <gg> The point made that switching costs should be high because of the prior investment in time and energy to train the computer is valid, at the present time. But this much investment makes me think that we must be prior to tornado. No consumer tornado would form around software that requires excessive investment in time, or so it seems to me. Even with, say 95% accurate recognition, this means corrections 5% of the time, which is a lot.
Rankings of LHSP, Dragon & IBM show each is relatively close to the others, and none is near perfect. So my 1999 understanding of this field has been that none of the software choices were ready for primetime. From personal experience, I have concluded that the busiest professionals most likely to benefit from a timesaver like speech recognition, perversely don't have the up-front time needed to make this software work. JMHO.
The advent of faster processors and greater memory bandwidth (Rambus) should help the rollout of speech recognition.
In your opinion, what has been the reason for the triple in the stock price over the past 60 days, and is this hype, MO-MO, or what?
Best to you, and thank you for an excellent report,
Apollo |
