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Resource ID: #16837
Subject: Financial Investigations
Source: Wall Street Journal (New York)
Date: 2000-09-22



The WSJ repots on an investigation by Securities and Exchange Commission into a sudden and massive sales increase at Belgian software maker Lernout & Hauspie Speech Products NV. The probe focuses on the recent sales increase in Asia. The reporters find out that nearly all of L&H's revenue in Singapore has come from 19 companies, most of which were launched a year ago. Also, L&H helped create those start-ups.

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