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Technology Stocks : NewKidCo International (OTC:NKCIF) (TSE:NKC) -- Ignore unavailable to you. Want to Upgrade?


To: esecurities(tm) who wrote (2237)8/13/1998 8:17:00 PM
From: esecurities(tm)  Read Replies (1) | Respond to of 4231
 
REUTERS/InfoBeat FULL CLOSING BELL

Lernout & Hauspie Speech Products (LHSPF)
Late yesterday, LERNOUT & HAUSPIE SPEECH PRODUCTS said it was awarded $300,000 in the lawsuit between Alpha Corp. and Kurzweil Applied Intelligence Inc., a unit of Lernout & Hauspie. In December 1997, Alpha Software Corp. filed suit against Kurzweil for $12 million in damages for breach of contract. Lernout & Hauspie counter sued Alpha for failure of non-payment of invoices and other claimed damages
. (Reuters 09:34 PM ET 08/12/98)

...this was supposed to be in our favor...and could/would have helped put this little company on the [street] map...apparently was not meant to be...



To: esecurities(tm) who wrote (2237)8/14/1998 11:45:00 AM
From: SlyWombat  Respond to of 4231
 
>The arbitrator awarded Alpha $400,000 in "reasonably expected net
> profits" for several discrete voice products, and also awarded
> Kurzweil a total of $780,052 for disputed royalties

What is the chance that SoftQuad was conservative and actually
was accruing the expense of the disputed royalty payments? i.e.
they do not go and stuff this quarters finanicals with another
"exception" and cause a bigger loss in share value.



To: esecurities(tm) who wrote (2237)8/14/1998 1:17:00 PM
From: SemiBull  Respond to of 4231
 
<we agree that this was a very troubling if not bizarre ruling...no agreement should ever be entered into with an 'arbitration' clause(.)...jury trial Superior Court PERIOD...>

The only problem is the contract may have stipulated arbitration as the form of dispute resolution unfortunately. Clearly, the arbitrator will lose work from this cockeyed ruling. Again, though this does little for SWEBF shareholders.

Just one man's spin....SemiBull