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

To: wlcnyc who wrote (2300)	8/16/2000 7:25:07 PM
From: A.L. Reagan	Respond to of 2467

Balance Sheet cruise through. 10-Q was filed 8/14. Nothing really weird (focussing on receivables after crunching through various adjustments for D&D) - just normal semi-weird stuff. FWIW, convinced that earlier CC statements made about D&D sales being materially down as a result of adopting more conservative accounting is a bunch of hooey - and that LHSP adopted same for Dictaphone as of date of purchase. They have, accordingly, recognized a deferred revenue liability. There's some truth to the statement, to the extent of sales increases, but given D&D didn't seem to have any significant sales increases, not much. So, in summary, no huge smoking guns implying accounting shenanigans lept out at me. There are many, many business issues, however, that come out in the numbers and are already well known.