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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report Pursuant
to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) October 27, 2000
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LERNOUT & HAUSPIE SPEECH PRODUCTS N.V.
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(Exact Name Of Registrant As Specified In Its Charter)
The Kingdom of Belgium
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(State or Other Jurisdiction of Incorporation)
0-27296 N/A
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(Commission File Number) (I.R.S. Employer Identification No.)
52 Third Avenue, Burlington, Massachusetts 01803
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(Address of Principal Executive Offices in the U.S.) (Zip Code)
(781) 203-5000
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(Registrant's Telephone Number, Including Area Code)
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(Former Name or Former Address, if Changed Since Last Report)
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ITEM 5. OTHER EVENTS.
In connection with the lawsuit brought by Visteon Corporation against the
Registrant (as reported by the Registrant on a Current Report on Form 8-K, dated
October 13, 2000), the Suffolk Superior Court for the Commonwealth of
Massachusetts issued a modified preliminary injunction against the Registrant on
November 1, 2000. The modified preliminary injunction clarified a preliminary
injunction issued by the Court on October 27, 2000. The newly issued injunction
restrains the Registrant from:
. taking any actions to develop, market, license or sell onboard
embedded and offboard ISP voice solutions for automotive
applications in the: (a) market for products sold for
installation into new vehicles manufactured by OEMs (the "OEM
Market"); or (b) market for products installed in, or designed
for primary use in, a vehicle, other than the OEM Market (the
"Automotive Aftermarket");
. transferring to any third party, other than Visteon or Automotive
Voice Solutions, L.L.C., any right to software or other
technology that have application to the OEM Market and the
Automotive Aftermarket; and
. transferring to any third party, other than Visteon or Automotive
Voice Solutions L.L.C., any customer contracts related to voice
solutions for automotive applications for the OEM Market or the
Automotive Aftermarket.
The preliminary injunction, however, specifically does not prevent the
Registrant from:
. making ongoing sales: (a) to chip-set manufacturers of technology
which is not primarily designed for use in a vehicle; or (b) of
technology for voice-enabled mobile phones not primarily designed
for installation or use in the vehicle;
. continuing to fulfill all obligations under contracts with third
parties existing prior to November 1, 2000;
. continuing to negotiate and enter into new contracts relating to
voice solutions for automotive applications for the OEM Market
and the Automotive Aftermarket; or
. internally continuing to develop onboard embedded and offboard
ISP voice solutions for the OEM Market and the Automotive
Aftermarket.
The injunction requires the Registrant to account for all revenues and expenses
incurred in connection with most of these permitted activities. The Registrant,
however, is not permitted to take any steps in connection with these activities
which would preclude it from assigning applicable contracts or rights to Visteon
or Automotive Voice Solutions, L.L.C.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this Report to be signed on its behalf by the
undersigned, thereunto duly authorized.
LERNOUT & HAUSPIE SPEECH
PRODUCTS N.V.
Dated: November 14, 2000
By: /s/ Daniel P. Hart
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Daniel P. Hart
General Counsel and Senior Vice President
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