BRADBLOG: Diebold stock plummets, company CHANGES NAME of election div after no buyer

[yurbud]

Here's some good news for a change.

The rigged voting machines have become an albatross for giant corporation Diebold. They have been trying to shed the division, and when they couldn't, they resorted to changing the name.

After a year and a half of conversely trying to dump their failed voting unit and/or lying to customers about the reliability and security of their voting systems, corporate parent Diebold is giving up the ghost of its election business which, according to an analyst in a Reuters report, was "responsible for less than 10 percent of Diebold's revenue, and 100 percent of its bad publicity."



After a string of disastrous reports on the quality and security of their voting systems, along with plummeting stock prices since last week, it seems clear that Diebold, the once-great, more-than-100-year old company, is doing whatever it can at this point to save the corporate parent. While its stock price (DBD) plummeted at today's opening bell and is currently down some 5.6% from yesterday, the price has begun to rise again in the last hour or so on news of the spin-off.

More than anything, however, the move may well be a harbinger of a coming declaration of bankruptcy for Diebold/Premier, as we see it. With the unit now spun off from the blue chip Diebold parent, declaring bankruptcy or dissolving the company altogether might be less trouble for investors and the main company as a whole, as their extraordinary legal and financial liabilities continue to mount...



http://www.bradblog.com/?p=4962#more-4962

California's profoundly corrupt registrar Connie McCormack was in such a panic about the failing status of the Diebold machines that she made a telling Freudian slip at a meeting of the county supervisors, her bosses:

"I think we have to see what the vendors are going to say about that," McCormack said. "The vendors aren't going to make much money in Los Angeles County if they have to pay $400,000 for the recount."

But Supervisor Gloria Molina upbraided McCormack for her concerns about the vendors' profit margins.

"I think you are walking close to the edge," Molina said. "I don't understand why you are so protective of the vendors. You keep saying you are concerned about what this is going to cost them.

"It's really none of our business. It shouldn't be in our interest to protect the vendors' profits."

http://www.bradblog.com/?p=4929

Brad helpfully reminds people how close her relationship with Diebold is with a screenshot of their sales brochure she appears in.




Brad's list of links on growing shit storm for vote rigging companies:
http://www.bradblog.com/?p=4963#more-4963

[AndyTiedye]

1. They Probably Got Tired of This…

We Make Democracy DIE

[yurbud]

3. when I withdraw money from ATM, I look into camera and say FUCK DIEBOLD

[AndyTiedye]

4. The Banks May Be Questioning the Quality and Security of Diebold's ATM Software

and that WOULD hurt their business, a lot.

The poor quality of Diebold's voting machine software has been exposed for all to see.
So has the company's poor security in letting that out in the first place.

That has made the voting machine division a major liability to them.

[yurbud]

8. especially since some kid in Des Moines has all the money they misplaced

[Jack Rabbit]

2. Diebold is stuck with a white elephant

Because these machines were flawed (to put it mildly), e-voting is a thing of the past. It's just another bad idea, if not a downright dishonest one, that will come to be associated with Bush's reign of error.

One might have easily imagined the future of American politics being one where an election is won by the candidate or party with the best hackers. Imagine a caught candidate holding a press conference to explain his misdeeds: I had to employ election day hackers; to do otherwise would have put my campaign at a disadvantage. Did my opponent think I would unilaterally disarm? Would you do that? Imagine that the real sad thing is that this fellow has a good point.

Diebold should try to get all in can liquidating the election division, but they're not likely to get much. The only thing that the machines are good for now is cannibalizing for spare parts.

[izzie]

5. Guess they were not making enough from banks so want this

a good deal of tax payers money. Do you think there was a deal in on it? I think so. Big business to get every voting place in the country to buy their machines and who has the say on it? I always smelled a rat on this one.

[yurbud]

6. now that it looks like Dems will be new sheriff, they need to clean up their act pronto

[izzie]

9. Used to hear bad things about them also. They better clean up

how they do a lot of things. The trouble in their are always people who first are in the greed party. My father used to say. Always get an old lawyer. He has taking all his money already and now is looking at the law We used to laugh about it in the family but it sure hits home for Congress and WH these last years, even more than ever.

[annabanana]

7. I am keeping that first graphic, so I remember who's who. . .n/t