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To: esecurities(tm) who wrote (2856)	12/1/1998 11:16:00 PM
From: Link Lady	Respond to of 4231

In case your interested news.com Lernout & Hauspie May Cut Research Charges Under SEC Pressure Bloomberg News December 1, 1998, 5:20 p.m. PT Lernout & Hauspie May Cut Research Charges Under SEC Pressure Burlington, Massachusetts, Dec. 1 (Bloomberg) -- Lernout & Hauspie Speech Products NV said it may have to reduce charges for in-process research-and-development, under pressure from U.S. regulators, for acquisitions completed as far back as 1996. Lernout, which makes software that responds to the human voice, said the U.S. Securities and Exchange Commission is reviewing its purchases of Kurzweil Educational Systems Inc. in September and Tiksoft LLC in October. Some of the SEC's concerns also stem from Lernout's calculations of research-and-development charges for acquisitions dating back two years. Lernout didn't disclose the number or names of acquisitions that the SEC is scrutinizing. Brussels-based Lernout said it ''adjusted'' its write-offs for research-and-development expenses for acquisitions that it made in the third-quarter. Company officials weren't immediately available for comment. The company said in its press release that it couldn't predict the outcome of the SEC review. The SEC has been cracking down on companies that artificially boost their profits by overvaluing research acquired when they take over other companies. The practice has allowed companies to take huge one-time earnings charges, rather than having to spread out charges over periods that can stretch for decades. Lernout, which has offices in Burlington, Massachusetts, fell 1/2 to 40 in U.S. trading. --Aimee Picchi in Boston (617) 542-3040, through the San

To: esecurities(tm) who wrote (2856)	12/1/1998 11:40:00 PM
From: esecurities(tm)	Read Replies (2) \| Respond to of 4231

Intel acquires [Online Merchant competitor] iCat. Intel acquires e-commerce developer Intel Corp. said it has agreed to acquire iCat Corp., a developer of e-commerce software. iCat is privately held and has been the subject of speculation about its future. Last week, a company spokesman denied staff layoffs had occurred. Seattle-based iCat provides e-commerce software and services which aid in the creation of Web-based storefronts that include secure transaction processing capabilities. A spokesman for Intel cbs.marketwatch.com E=htx/http2_mw called the purchase of iCat "consistent with our efforts to explore new business opportunities over the past few years." Terms of the deal were not disclosed. source: InfoBeat Inc Finance Internet Daily 12/1/98 Intel To Acquire iCat source: biz.yahoo.com Intel Pays Cash For iCat source; &copy 1998 c\|net news.com ...Online Merchant may just be worth a considerable amount given Intel's acquisition of iCat [in the event/assuming] this [online storefront creation software] sector is now in play?...