Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : LHSP: Lernout En Hauspie -- Ignore unavailable to you. Want to Upgrade?

To: hdl who wrote (2257)	8/8/2000 6:41:18 PM
From: cdtejuan	Read Replies (1) \| Respond to of 2467

i listened too and thought the same. maybe i missed some being bored? LOL problem is, the 0.05 are great, beating the consensus by 66%, but if the street believes lhsp is cooking their numbers, this good quarter won´t have the impact at all it might deserve otherways. in this sense, again, great timing by the WSJ europe and his buddy Herpes Greenberg! LOL juan FYI -------------- August 8, 2000 6:08pm Lernout & Hauspie gets past 2Q estimates By Larry Barrett ZDII Voice recognition software maker Lernout & Hauspie topped analysts' estimates in its second quarter Tuesday, earning $7.1 million, or 5 cents a share, on sales of $155 million. First Call Corp. consensus expected it to earn 3 cents a share in the quarter. Lernout & Hauspie (Nasdaq: LHSP) shares tumbled 7 3/16, or 19 percent, to 29 13/16 after the Wall Street Journal reported it had discrepancies in its sales figures for Korea. Sound off here!! Post your comment Latest News on LHSP WRAPUP-Dow, bonds rise on mild inflation; dollar mixed... Lernout & Hauspie gets past 2Q estimates... Lernout & Hauspie operating profit falls, but tops views... LHSP: News Profile Chart Estimates The $155 million in sales marks a 104 percent improvement from the year-ago quarter when it raked in $17 million, or 14 cents a share, on sales of $76 million. Including special items, Lernout & Hauspie recorded a net loss of $33.7 million, or 26 cents a share, compared with a profit of $9.6 million, or 8 cents, a year earlier. "L&H's second quarter 2000 financial results reflected the acquisitions of both Dragon Systems and Dictaphone Corp., which initially have an overall negative effect on L&H's net income," the company said in a prepared release. "Dragon's and Dictaphone's revenues were adversely impacted in the second quarter by their adoption of L&H's more conservative revenue recognition policies." L&H was busy doing damage control ahead of the earnings report, claiming its Korean customers were misquoted or inaccurate and that other information in the article had been distorted. Last quarter, it topped analysts' estimates when it posted a profit of 12.2 million, or 19 cents a share, on sales of $110.7 million. Its shares rallied up to a 52-week high of 72 1/2 in March after falling to 14 15/16 last August. Both analysts tracking the stock rate it either a "buy" or "strong buy." Analysts except it to earn 59 cents a share in the fiscal year.