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Technology Stocks : Voice recognition - who will dominate?
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To: Done, gone. who wrote (46)6/24/1997 4:10:00 PM
From: Bullseye   of 81
 
06/24 05:51 RESEARCH ALERT-Lernout&Hauspie<LHSPF.O>rated a buy

BRUSSELS, June 24 (Reuter) - Summary of research report -

Co name-----------Sector------Price------Broker-------------

Lernout & Hauspie Technology $23.375* Nedee & Co

COMMENT: Lernout & Hauspie Speech Products <LHSP.ED> is in transition from high risk situation to one of strong recurring
revenues. On basis of expected 1997 and 1998 EPS as well as revenue growth potential of 40 percent in 1999 and 2000 we think a year
from now a 1998 price/earnings ratio of 25/30 would be justified. This would give stock potential to trade between $40 and $50.
Recommendation: BUY (*) Date of research report: 12/06/97

Analysts: Kurt Janssens/Michel Vanderlinden
Estimates: EPS pvs est P/E Dividend
1996 $0.23 n/a 102 n/a
1997 $0.84 n/a 28 n/a
1998 $1.59 n/a 15 n/a

-- Brussels Newsroom +32 2 287 6810, Fax +32 2 230 7710
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