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Speech recognition company fraud trial starts
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Ghent, Belgium (IBT): Only 12 years after its 1987 launch, L&H had a market value close to $10 billion. But it crashed amid charges of malpractice and overstated earnings. The two founders were arrested in 2001 before the company was declared bankrupt. […] The prosecutors insist that the technological prowess of the speech-recognition system is not in question; but the way the company did its bookkeeping and manipulated its share price certainly is.
For more information, please visit:
www.ibtimes.com/articles/20070521/belgium-high-tech-trial.htm
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