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To: esecurities(tm) who wrote (618)	10/22/1997 9:50:00 PM
From: esecurities(tm)	Respond to of 4231

Lernout Hauspie (Kurzweil) reports impressive quarterly results. "...Lernout & Hauspie Speech Products (LHSPF) After market close, LERNOUT & HAUSPIE SPEECH PRODUCTS reported 3Q EPS of $0.26 vs $0.10 on revenues of $27.8 mln vs $7.2 mln last year. Analysts' mean estimates were $0.24, according to First Call..." (Reuters 05:01 PM ET 10/22/97) source: Infobeat Finance Full Closing Bell "...Wednesday October 22 4:05 PM EDT Company Press Release Lernout & Hauspie Reports Record Revenues And Record Earnings For Third Quarter 1997 BURLINGTON, Mass.--(BUSINESS WIRE)--Oct. 22, 1997-- Record Revenues of $27.9 Million, Earnings Per Share of $.26, Strong Increase In Recurring Revenues For Core Technologies and Dictation Software Revenues Lernout & Hauspie Speech Products (Nasdaq:LHSPF) today announced financial results for the third quarter ended September 30, 1997. For the third quarter of 1997 Lernout & Hauspie's (L&H) total revenues were $27.9 million, an increase of 285% over revenues of $7.3 million in the third quarter of 1996. Revenue included approximately $7.6 million from the companys core speech technologies, $8 million from dictation products, $7.6 million from translation services and $4.7 million from machine translation...Recurring revenues from core technologies for the third quarter of 1997 increased substantially to $4.6 million (up 70% from previous quarter), or 61% of the total core technology revenues. The company has realized significant growth in the sales of dictation software. The quarter previous to it's acquisition, Kurzweil AI reported approximately $2.2 million in revenues. In the third quarter of 1997, the company reported $3.5 million in revenues for it's Kurzweil related dictation software, representing approximately a 60% percent increase...''We are pleased with the results of Q3. It confirms our belief that consolidation and focus on execution pay off, not only from a corporate and financial standpoint, but from a product perspective as well. The combination of this quarter's accomplishments, including the Microsoft alliance, the increase in recurring royalties and the increasing revenues of the Dictation Division were supported by product introductions in the horizontal market with VoiceCommands, and in vertical markets with continuous speech products from our Healthcare Solutions Group. These milestones demonstrate the companies belief that the market is ready to embrace speech as an established technology,'' said Gaston Bastiaens, president and CEO of Lernout & Hauspie... Strategic Alliance with Microsoft L&H announced a broad strategic alliance with Microsoft (Nasdaq:MSFT) on September 11, with the goal of accelerating development of the next generation of voice-enabled computing on the Microsoft Windows platform. Microsoft's $45 million investment will help accelerate efforts to create next generation speech-enabled products for the Windows platform...Kurzweil VoiceCommands Continuous Speech Product Introduction In September 1997 L&H launched VoiceCommands, a horizontal market continuous speech command and control editing tool for Microsoft Word(TM). VoiceCommands is designed to increase user productivity by recognizing naturally-spoken words to edit and format Word documents..." source: Yahoo biz.yahoo.com