Elections Business Holds Down Diebold Results

[quaoar]

http://www.nytimes.com/2004/10/21/business/21diebold.html?adxnnl=1&oref=login&pagewanted=all&adxnnlx=1098407162-GbtEHLGIX2BzxrzkPwzKXg

By THE ASSOCIATED PRESS
Published: October 21, 2004

NORTH CANTON, Ohio, Oct. 20 (AP) - Sagging performance and mounting legal costs in its electronic voting segment kept third-quarter earnings nearly flat at Diebold Inc., the company said Wednesday.

For the three months that ended Sept. 30, Diebold, which makes automated teller machines and security and voting equipment, earned $48.3 million, or 67 cents a share, on sales of $613.4 million. A year earlier, Diebold reported third-quarter earnings of just under $48.3 million, or 66 cents a share, on sales of $570.2 million.

Walden W. O'Dell, Diebold's chief executive, said election systems issues in California "had a negative impact on earnings and margins during the third quarter."

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Last week, Diebold said growing legal costs over its electronic voting equipment had forced it to reduce its third-quarter earnings forecast to 67 cents a share; the forecast had been 70 cents to 74 cents.

[SoCalDem]

1. A compliant congress, and a happy president are worth the losses

:(..

[WhiteTara]

2. that's the price of loyalty

that I like to see.  May they all go broke

[DeepModem Mom]

4. Indeed --

[LiberalFighter]

3. Help the local economy by...

using paper ballots printed by local printers.