Lernout & Hauspie Dives 27.6% on Restatement
Beleaguered
Lernout & Hauspie
(LHSP)
fell 27.6% in preopen
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Island
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.
