Jo and the chocolate factory
According to a report in today's issue of Flemish newpaper Het Laatste Nieuws, Jo Lernout, co-founder of speech-recognition technology company Lernout & Hauspie (L&H), one of the most notorious failures of the dotcom bubble era, is now managing a chocolate factory in the Philippines. The plant makes pralines and chocolate figures from imported Callebaut chocolate. These are then sold in franchised kiosks at 25 high-end supermarkets around the country.
Lernout has no stake in the business, which is called Annie's Belgian Chocolates: he receives a monthly salary paid by a consultancy based in Belgium.
Lernout has no stake in the business, which is called Annie's Belgian Chocolates: he receives a monthly salary paid by a consultancy based in Belgium.
posted by Justin Toland at 11:19 pm
1 Comments:
Dictaphone, which Lernout & Hauspie bought for $940 million in 2000, is no longer in Belgian hands. Earlier this week, US firm Nuance Communications agreed a takeover deal worth $357 million with KBC, Fortis and Dexia.
The three Belgian banks took ownership of Dictaphone following the collapse of L&H. in 2001.
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