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To: jerry who wrote (576)5/24/1999 8:11:00 AM
From: GC  Respond to of 767
 
LHSP General Meeting from Yahoo board

General Meeting part I
by: Ambiorixxx
7915 of 7956
Here's my promised highly personal report of the General Meeting of L&H on
May 21, 1999. Some 250 stockholders were present, good for about 13 million
shares (I was a shrimp swimming among whales ). Generally speaking I can highly
recommend attending this Meeting. Why ? Read further.
- I met some cyberfriends for the first time and noticed that to a high degree the
meeting offers a reunion opportunity for old but distant friends
- The meeting started with a company presentation videoclip, very lively with a
catchy tune. I liked it and you will soon see it on the L&H website I heard.
- Management analysed the 1998 results, but also looked forward to the future.
The Intel joint-venture was stressed: together L&H and Intel will build the
infrastructure (hard- and software) for e-commerce by thousands of other
companies who will avoid an own internet-investment but pay a small commision
on every sale. With e-commerce expected to grow to 8 % of all USA-business in
2005, this is a huge market. L&H will make it possible to find, order and get
support by voice in almost any language for any item on the internet.
- Announcements: Clarion and Pioneer will roll out car navigation system with
L&H inside (I understood in 1999) and Olympus will bring a L&H powered
dictation machine on the American market next month. The next generation of
Sony Portables willl be so small they will not have a keyboard.
- The medical dication market is very important because of the legal system in
USA requiring transcripts of almost everything a doctor says. L&H is now market
leader in this field by acquiring Articulate Systems.
- Telecommunications: the company hopes to announce soon one or more deals
with major players in this field comparable in importance to the MSFT and Intel
deals. L&H is an attractive partner because it has all 4 core technologies
(compression, TTS, STT and TTT) and is a technological leader in all 4 fields.
For example length of training for STT has now been reduced to 5 minutes in
lastest software versions. L&H leads in artificial intelligence solutions to speech
technology (see Intel joint venture).

Posted: 05/22/99, 9:14AM EDT as a reply to: Msg 7914 by nineteen27yankees
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