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Lernout & Hauspie Dives 27.6% on Restatement

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Lernout & Hauspie


fell 27.6% in preopen

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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.