Diebold plan to cut costs boosts shares

[kster]

Posted on Wed, Feb. 01, 2006



By Dave Scott

SNIP....ATM maker in Green announces intent to trim $100 million in wake of disappointing quarterBy Dave ScottBeacon Journal business writerDespite increased revenue, Diebold Inc. announced disappointing fourth-quarter results on Tuesday and launched a $100 million cost-cutting venture for the next three years.

Wall Street responded to the cost cutting by sending Diebold shares up $2.10


SNIP.....Also Tuesday, a shareholder lawsuit was filed against Diebold and O'Dell, claiming earlier earnings reports were misleading. The case was the second filed in U.S. District Court for the Northern District in Akron and was assigned to Judge David Dowd.
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Litigation of that nature is not uncommon when companies produce results shareholders are not happy about,'' said Jacobson, who added he had not seen the latest suit. Referring to the lawsuits in general, he said, ``We believe

http://www.ohio.com/mld/beaconjournal/business/13762387.htm

[FogerRox]

1. KN R -- Can we put this on the greatest page.