WEST-VLAANDEREN. IEPER. 2060 Aandelen (uittreksel uit aandelenregister). black on pink paper. Founded 1987 by Jo Lernout and Pol Hauspie. This speech recognition technology company went in 1995 public on Nasdaq and Easdaq. Its top market capitalization was almost 10 billion USD. Yet, in 1999 the Wall Street Journal wrote that earnings had been overstated. Further investigation led to a major financial scandal involving fictitious transactions in Korea and elsewhere. The company went bankrupt in 2001 and the founders, Jo Lernout and Pol Hauspie were arrested. The certificate we offer was issued at a very early stage of the company and is dated 23 Feb. 1990. At that moment, the company capital amounted to 42,9 million francs divided by 2400 'A shares' and 6180 'B shares'. The certificate we offer represents 2060 'B shares' and is issuedto the N.V. Vlaamse Investeringsvennootschap (later Fortis Private Equity). Personally signed by Jo Lernout!
Themes: BANK & FINANCE, COMPUTER & OFFICE EQUIPMENT
BELGIUM, G.D.LUXEMBOURG, USA
Date: 23 February 1990
Startprice: € 200