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: MrktTrakr who wrote (1233)	6/10/1998 8:56:00 PM
From: Jay Nitschke	Respond to of 2467

This from Robertson Stephens in a report released yesterday on LHSPF: SUMMARY OF KEY POINTS: LHSPF announced the buyout of its contract with the Dictation Consortium of Belgium. The Consortium provided research funding for L&H in 1996 and 1997 in return for 50% of the net revenues of the continuous dictation products sold by L&H. The company has bought all the licensing and commercial rights to the products. The buyout of the contract indicates the optimism felt by Lernout & Hauspie for the market potential of its continuous dictation products. We are raising our 1998 and 1999 revenue and earnings estimates due to this contract buyout. We have increased our 1998 revenue and EPS estimates from $166.2 million and $0.75 to $172.4 million and $0.77. Our 1999 estimates were $240 million and $1.13 and are now $251.2 million and $1.20. The revised estimates are exclusive of the one-time charge the company will incur this quarter due to this transaction. L&H also announced a licensing agreement with Motorola by licensing its Chinese linguistic data to eventually sell Chinese dictation products.

To: MrktTrakr who wrote (1233)	6/11/1998 8:57:00 AM
From: Dr. Bob	Respond to of 2467

I'm not sure what to make of the Accent transaction, other than it was cheap; not a lot to lose. Maybe they have some pretty good translation technology, and L&H just wanted to keep it out of the hands of someone else??? With regards to Vail, I think they have excellent management, a very small float (when you subtract the Baron group's), and a great concept as a "destination" market, selling much more than ski lift tickets. If their real estate plans don't get blocked by environmental concerns, there is considerable upside. I sold 1/3 of my holdings after the earnings report, however, because I don't expect much to happen there for awhile, unless they buy up another ski resort or two! Bob