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L&H was founded in 1987 by Jo Lernout and Pol Hauspie. After a difficult start, it quickly grew, and, in 1995, it went public on the Nasdaq (LHSP) and was also quoted on the Easdaq . Its headquarters were in Ypres, Belgium, and in Burlington, Massachusetts. At one moment market capitalisation was as high as $9 billion.
Flanders played an important role in helping and investing in the company and the surrounding Flanders Language Valley. L&H had quickly become Flanders' pride.
On August 8, 2000This page is about the year 2000. See 2000 AD for the UK comic book, Number 2000 for other uses. 2000 is a leap year starting on Saturday (see link for calendar), and also the International Year for a Culture of Peace''. Events Y2K passes without the seri, a financial scandalA corporate scandal is a scandal involving unethical behavior on the part of a company. A corporate scandal sometimes involves accounting fraud of some sort. A wave of such scandals swept United States companies in 2002 ( accounting scandals of 2002). was revealed (e.g. recording fictitious transactions in KoreaKorea is a formerly unified country, situated on the Korean Peninsula in north East Asia adjacent to China in the west and Russia in the north. When World War II ended in 1945, the country was divided into two: the Republic of Korea ( South Korea) and the) by the Wall Street Journal, and, in AprilApril is the fourth month of the year in the Gregorian Calendar, with 30 days. Derived from the Latin aprilis either from the Latin word aperire which means "to open", probably referring to growing plants in spring, or from the Etruscan name Apru for Aphr 2001, Jo Lernout and Pol Hauspie, the co-founders, were arrested. L&H went finally bankrupt in October 25October 25 is the 298th day of the year (299th in leap years) in the Gregorian Calendar, with 67 days remaining. Events 1415 The army of Henry V of England defeats the French army at the Battle of Agincourt 1662 King Charles II of England sells Dunkirk to, 2001, after struggling for about a year.
The technology has been bought by Scansoft after the bankrupty.