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To: Voltaire who wrote (12675)4/13/2000 10:18:00 AM
From: hroark2000  Read Replies (1) | Respond to of 35685
 
Voltaire: Assuming we recover from this freefall, which I believe we will for reasons you have discussed, and also as Catchtrader has stated because the houses don't want to hurt their lucrative IPO market, do you think we head back to 5000 quickly, or trade sideways for a while. I think we will see the same type of action QCOM has seen this quarter and be stuck in a sideways trading range for a while (what that range is I don't know- when JW gets paroled he probably has some opinions). I would appreciate your opinion.



To: Voltaire who wrote (12675)4/13/2000 10:25:00 AM
From: T L Comiskey  Respond to of 35685
 
Biting a pencil will cause a smile and the desired mood to unfold...... Works Great for us Bi polar types...:)

Lernout, Ford race to give drivers voice control

By Gilles Castonguay

BRUSSELS, April 13 (Reuters) - Belgium's Lernout & Hauspie Speech Products NV (NasdaqNM:LHSP - news) plans to capture a bigger
piece of the market for speech-recognition devices in cars with the help of Ford Motor Co (NYSE:F - news), the world's second largest
auto maker.

The companies on Tuesday announced a joint venture aiming to deploy voice-recognition technology which would allow car drivers to
check e-mail and surf the Internet while keeping their eyes on the road and hands on the wheel.

The venture will also sell existing voice-recognition products which enable drivers to get directions, set cruise controls, raise the temperature or change the radio station by
voice alone.

Scott Pyles, director of product marketing for L&H, said on Thursday that the joint venture with Ford auto parts unit Visteon will consolidate its earlier efforts with auto
equipment makers in getting a lead in a market potentially worth tens of billions of dollars.

``It will (be better)...than if we did it alone,' he told Reuters, adding that Lernout was pushing for a wide deployment of these devices in the next four or five years,
compared to industry expectations of five or six years.

Lernout makes these products with U.S. auto parts supplier Delphi Automotive Systems Corp. (NYSE:DPH - news) and audio and electronics maker Clarion Corp.

Patrick De Schrijver, president of technology and solutions, said the venture was part of Lernout's push for wider use of its software and other technology in a variety of
sectors, including translation and healthcare.

``If we can make it happen in the car environment, then we have passed the test for deploying it for daily use,' he said.

De Schrijver said the venture's plans to install Internet applications in cars were similar to Lernout's agreement with chip maker Intel Corp. (NasdaqNM:INTC - news) to
develop voice-controlled software for ordering merchandise online.

Under the Ford-Visteon joint venture, Lernout will provide the software and own 60 percent of the venture. Visteon, with the remaining 40 percent interest, will work on the
hardware, as well as investing $20 million in cash.

De Schrijver said Lernout will sell its voice recognition devices to other automakers, rather than pursue additional joint ventures. He declined to say how much revenue
Lernout expected to generate from the venture.

The devices would come installed in the cars or sold separately, he added.


Ford Motor Co (NYSE:F - news)
Intel Corp (NasdaqNM:INTC - news)
Lernout En Hauspie Speech Products (NasdaqNM:LHSP - news)
Related News Categories: US Market News