Lernout & Hauspie
fell 27.6% in preopen
trading after announcing it would restate its 1998, 1999 and 2000 results.
The Belgian developer of voice-recognition technology also said its founders stepped down from their posts as co-chairmen and managing directors. Lernout & Hauspie has been under investigation by the
Securities and Exchange Commission
because of alleged discrepancies in its financial statements.