Dragon Systems, Inc. [DRGN] Message Board

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Technology Stocks : Dragon Systems, Inc. [DRGN]

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To: Mark Oliver who wrote (46)	4/23/1999 12:54:00 PM
From: Sam	Read Replies (2) of 59

Dragon withdraws its registration statement, so a plausible guess is that Seagate will end up owning more than their current 38% (for better or worse): Voice recognition software developer Dragon Systems said it is withdrawing its IPO registration statement so it can negotiate a possible strategic investment. ''At this time, we believe it makes more sense to accept strategic corporate investments to accelerate our growth, and to allow us to capitalize on the huge growth potential of the speech market and result in an even more successful IPO in the future," said Dr. Janet Baker, the chief executive of Dragon Systems. Shares of Seagate Technologies (SEG: news, msgs), which owns 35 percent of Dragon, fell 3/4 to 28 1/4.

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