LHSP: Lernout En Hauspie Message Board

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Technology Stocks : LHSP: Lernout En Hauspie

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To: geert who wrote (1228)	6/9/1998 9:07:00 PM
From: Nick	Read Replies (1) of 2467

Tuesday June 9, 8:21 pm Eastern Time Lernout buys 24.5 pct Accent stock BURLINGTON, Mass., June 9 (Reuters) - Lernout & Hauspie Speech Products said Tuesday it invested $4 million in preferred stock and warrants in language information technology leader Accent Software International. The company said in a statement the investment, representing 24.5 percent of Accent's outstanding shares, will further the development of its software tools and services. The agreement will allow L&H and Accent to offer products and services for companies seeking information technology in the international marketplace. As part of the agreement, L&H will gain a seat on Accent's board of directors. Accent Software International is a leading provider of multilingual solutions for software products. Lernout & Hauspie is a language technology company.

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