By Chris Holbrook, 29 November 2000 16:31
NEWS Former leader in the voice technology field, L&H will address the massive debt issue, which analysts believe could plunge the firm into bankruptcy, by debt rescheduling talks with a number of banks. L&H have been hit by a number of problems this year, including investigations into accounting irregularities by both the Securities and Exchange Commission and Easdaq, litigation threats from disgruntled shareholders, profit warnings and executive resignations. These factors have all contributed to a 90 per cent dive in their presently suspended UK shares. Hans Michiels, a spokesman for L&H, confirmed a conference call for investors on Friday, and added that audits on its financial reporting are still being carried out.
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