Book excerpt: Verbmobil is the result of eight years of intensive research in a large speech-to-speech translation project, executed by a consortium comprising nineteen academic and four industrial partners. The system that was developed by more than 100 researchers and engineers handles dialogs in three business-oriented domains, with translation between three languages: German, English, and Japanese. Verbmobil deals with spontaneous speech, which includes realistic repair phenomena, and uses deep semantic analysis to recognize a speaker's slips and to translate what he tried to say rather than what he actually said. - This book gives the first comprehensive overview of the results of this unique and seminal project in human language technology. Contributions by leading scientists in speech and language technology look at the component technologies that make Verbmobil the most advanced speech-to-speech translation system worldwide and a landmark project in the history of natural language processing.