Matchmaker of bricks and clicks: venture capitalist wants to turbocharge traditional firms on the Net; Accel's deals veer away from current Web-finance rules

Article Abstract:

Venture capital firm, Accel Partners, is developing the electronic commerce operation of Wal-Mart.

Accel Partners

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BT wants to sell telecom holdings in Asia to cut debt (British Telecommunications PLC)

Article Abstract:

British Telecommunications PLC is reducing its debt by selling its telecommunications business in Asia. British Telecom has agreed to sell its yellow pages advertising business to two investment companies, United States-based Hicks, Muse, Tate and Furst Inc., and Apax Parters in the United Kingdom.

United Kingdom, Asset sales & divestitures, Acquisitions & mergers, Telecommunications, Telephone Communication, Asia, Advertising, not elsewhere classified, Other Services Related to Advertising, Yellow Pages Advertising, Mergers, acquisitions and divestments, Finance, Telecommunications services industry, Telecommunications industry, British Telecommunications PLC, Marketing industry, Hicks, Muse, Tate and Furst Inc., Yellow pages, Apax Partners S.A., Yell Group PLC

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Lernout & Hauspie fuels concern about structure

Article Abstract:

The formation of Lernout & Hauspie Investment Co. by Jo Lernout and Pol Hauspi, founders of Lernout & Hauspie Speech Products N.V. has led to criticisms of conflicting interests between the companies. The latter company has been successful in developing speech recognition software while the former company is being founded to invest in companies which will exploit opportunities for such software. Analysts are concerned that the links between the company will make it hard gain a clear financial picture of the companies. A company spokesman has said such criticisms are false.

Prepackaged software, Organizational history, Belgium, Parent-to-subsidiary activities, Computer software industry, Software industry, Abstract, Speech recognition software, Lernout & Hauspie Speech Products N.V., Lernout and Hauspie Investment Co.

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