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© 2008 SMP Marketing • ISSN 1420-3693 • www.localization.org

In this issue…


Money Talks

John Freivalds, JFA International

Many observers of the localization industry have noted that not much has happened in the capitalization area of late, but that plenty in the decapitalization of the industry.

Lernout & Hauspie (LHSQ) and Alpnet (AILP) were delisted from trading. Lionbridge (LIOX) is in danger of being delisted, while Berlitz International (BTZ), immediate parent of Berlitz GlobalNet, delisted itself as it receded further into Bennesse Holdings International, a Japanese printing and publishing conglomerate. In Europe, SDL International (SDL.L) and Systran (SYTN.N) continue to trade, but in a down market. In-house localization firms such as Lucent Global Translations, part of Lucent Technologies, are being savaged in a cost cutting mode, with hopes that by outsourcing the work of a unit that has sales of approximately US $20 million, it will bring additional cost savings.


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