Taser's Profit Plunges by More Than 90 Percent in First Three Quarters

[NNN0LHI]

http://ap.tbo.com/ap/breaking/MGBBWSF7AFE.html

PHOENIX (AP) - The safety controversy surrounding Taser International Inc.'s stun guns has hurt the company's profit, which fell more than 90 percent in the first three quarters of 2005.

The Scottsdale-based company said Wednesday that net income was $948,014 in the first nine months of the year, down from $14.1 million in the same period a year ago. Sales for the first nine months of the year fell 27.5 percent to $35 million.

Third-quarter net income dropped to $270,945, or less than 1 cent per share, from $6.1 million, or 11 cents per share. Sales plunged by $7.3 million to 11.7 million.

The quarterly earnings result was in line with an average estimate of 1 cent per share, according to two analysts surveyed by Thomson Financial.

[AX10]

1. Good. Sadly the article claims that some lawsuits were...

dismissed. I want to see any company making "EMD" technology put out of business and their owners should suffer the same fate that Rove it about to (hopefully) suffer.

[BrotherBuzz]

2. Did Kerik ever sever his ties with Taser International?

Inquiring minds want to know...