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Flanders

Venture capital arm. 1995 Nasdaq. 1997 8% Microsoft. 1999 5% Intel. Joint venture. Investor loan-guarantees. Flanders. Research grants. No tax. Lernout & Hauspie 1987. Created by L&H 1995. Holding company. FLV fund. Minority Interests. 1997 Mendez. 1997 Kurzweil (leader).

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Flanders

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  1. Venture capital arm 1995 Nasdaq 1997 8% Microsoft 1999 5% Intel Joint venture Investor loan-guarantees Flanders Research grants No tax Lernout & Hauspie 1987 Created by L&H 1995 Holding company FLV fund Minority Interests 1997 Mendez 1997 Kurzweil (leader) 1998 Dragon 1998 Dictaphone 1995: 49% stake >50% in US => SEC Bought 1998 (amortized goodwill) Expected 30% license paid loan License revenues ≈ 20 % of sales Korea arm Sales end of Q Joint ventures Customers: 1996 LDC: Dictation Consortium (RnD) Korean Customers ”Real” Customers Quarterdeck Corp ”payment” Factoring L&H side letter contract Bear RnD costs 30 + 6,5% of sales Third parties loan Bank L&H collateral

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