e-mail..LHSPF.. my best candidate for "dead cat bounce" is LHSPF. I don't think this is necessarily a daytrade but should provide short term or swing trade.
The downgrade did it in today, but I expect it to rebound especially after the news at 7:10 p.m.
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Wednesday July 29, 7:10 pm Eastern Time
Company Press Release PulsePoint Communications Signs Licensing Agreement With Lernout & Hauspie Speech Products PulsePoint Communications Leads with Speech-enabled Enhanced Services Solutions
CARPINTERIA, Calif.--(BUSINESS WIRE)--July 29, 1998--PulsePoint Communications (Nasdaq/NM:PLPT - news) Wednesday announced a multi-year licensing agreement with Lernout & Hauspie Speech Products (L&H) (Nasdaq/NM:LHSPF - news; Easdaq:LHSP-ED.).
L&H is a worldwide market leader in speech and linguistic technologies, products and services. Under the terms of the agreement, PulsePoint Communications will license L&H software technology for integration onto the PulsePoint Enhanced Application Platform for use with its Communication-Management Suite of Applications and any third party application that resides on the platform.
PulsePoint will first integrate L&H's carrier-grade text-to-speech synthesizer, which will allow subscribers to access text-based content when connected to a PulsePoint system from any telephone, landline or wireless. Popular applications for text-to-speech processing include spoken retrieval of e-mail messages and Internet content, such as Web pages or stock quotes, through a telephone.
''We are excited to participate in PulsePoint's fundamentally different approach to enhanced services,'' said Gerald Calabrese, president of L&H's Core Technology Division, L&H. ''Our companies share a common vision that speech processing plays an integral role in unified messaging and the next generation of enhanced services.''
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INTERVIEW-L&H trending to beat estimates
BOSTON, July 29 (Reuters) - Lernout & Hauspie Speech Products NV Chief Executive Gaston Bastiaens said on Wednesday results from the first half point towards the company beating Wall Street estimates for the full year.
''Absolutely,'' Bastiaens said in a phone interview when asked if he was comfortable with estimates. ''If you see our performance the first two quarters, we have beaten the figures, so just see the trend and it should be no issue there.''
According to a survey by First Call, analysts expect on average earnings per share of $0.77 for 1998, with a range of $0.73 to $0.80, up from $0.51 in 1997.
Earlier, L&H reported second quarter earnings of $0.17 per share, above analysts expectations of $0.16 per share.
''We have for nine quarters in a row beat all the Street expectations, and we see very strong growth going forward,'' Bastiaens said.
In September, L&H will launch Voice Express Professional, speech recognition dictation software for the corporate market which will be compatible with Microsoft (MSFT - news) Word and Microsoft Office. Voice Express Professional will retail for more than $100, he said.
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