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[ NNSquad ] How the Inventors of Dragon Speech Recognition Technology Lost Everything (Answer: Goldman Sachs) 



How the Inventors of Dragon Speech Recognition Technology Lost
Everything (Answer: Goldman Sachs)

http://j.mp/NIRqzV  (Slashdot)

   "James and Janet Baker were the inventors of Dragon Systems speech
    recognition software, and after years of work, they created a
    multimillion dollar company. At the height of the tech boom, with
    investment offers rolling in, they turned to Goldman Sachs for
    financial advice. For a five million dollar fee, Goldman hooked them
    up with Lernout & Hauspie, the Belgium speech recognition company.
    After consultations with Goldman Sachs, the Bakers traded their
    company for $580 million in Lernout & Hauspie stock. But it turned out
    Lernout & Hauspie was involved in cooking their books and went
    bankrupt."

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--Lauren--
Lauren Weinstein (lauren@vortex.com): http://www.vortex.com/lauren 
Co-Founder: People For Internet Responsibility: http://www.pfir.org 
Founder:
 - Data Wisdom Explorers League: http://www.dwel.org
 - Network Neutrality Squad: http://www.nnsquad.org 
 - Global Coalition for Transparent Internet Performance: http://www.gctip.org
 - PRIVACY Forum: http://www.vortex.com 
Member: ACM Committee on Computers and Public Policy
Lauren's Blog: http://lauren.vortex.com
Google+: http://vortex.com/g+lauren / Twitter: http://vortex.com/t-lauren 
Tel: +1 (818) 225-2800 / Skype: vortex.com
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