BRAD BLOG: Diebold Stock Hits 52-Week Low in wake of DIEB-THROAT Story!

[BradBlog]

Diebold Stock Hits 52-Week Low!
PLUS: More Resounding Thuds from the Baker/Carter Report...or, as it may soon be known, Dr. Robert Pastor's Disaster...



Shares of Diebold, Inc. hit a 52-week low today, for some reason, falling to $44.37/share at Tuesday's close. Perhaps it has something to do with somebody we call DIEB-THROAT, but whaddu we know?

In other tales from the last vestiges of American democracy and reaction to the Baker/Carter "Election Reform" fiasco...Stories on the charlatans behind it, the skinny on the guy who invented it, the warnings he was given and ignored, the Voting Rights groups who laughed him out of the room today, the fallacy it's all built on...and so much more.

"Turd in the swimming pool" anybody?...

THE ROUNDUP: http://www.bradblog.com/archives/00001849.htm


---
Brad Friedman
THE BRAD BLOG - The uprising continues...
http://www.BradBlog.com
VELVET REVOLUTION - The revolution begins...
http://www.VelvetRevolution.us

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[paineinthearse]

1. Great post,,,,nominated

How are Sequoia and the others doing?

[autorank]

2. Golly gee...is it time to buy? Maybe an asset sale.

The CB Commission Report will be known as:

"From the People Who Brought You WMD"

Pastor, what a choice. I've totally lost any illusions I had about Carter. I didn't believe them but I thought, hey, thinking he's "pure" is harmless. Was I wrong. The guy is Griffin Bell's smiling twin.

Thanks Jimmy, you really came through...sold out people who cared, did it with aplomb!

[skids]

9. Anyone who bought yesterday...

...is kicking themselves in the ass today. Diebold released a poor earnings projection, and the stock just crashed.

[girl gone mad]

12. Down on huge volume, too.

Doesn't look like there is much support and I'd expect to see further declines.

[Coexist]

3. What goes around....

... what was that saying about Karma???!

[FreedomAngel82]

11. It's working

:D

[GreenPartyVoter]

4. Woohoo, buy Lefties, buy! Let's take 'em over!

[dusty64]

8. Thats not a half bad

idea. I wish some of the rich outside of the extreme wrong would take control of these companies. Either that or let them go completely under, although I don't think the evil powers that be could EVER let that happen.

[DemonFighterLives]

5. How could Carter not get it right for us

He has helped elections in many countries, but when near the Baker heart of the beast he falls down. I haven't read the whole thing, but have always thought the best of Carter.
Another whitewash to help jebbie and neil and the boys become pRes.

[EFerrari]

6. Let them choke on their miscalculation.

The word is out and there's no putting it back.

Andy would have LOVED this one.

[Beam Me Up]

7. Frankly, I'd prefer more blog and less brad.

The information is good but the packaging rankles.

[FreedomAngel82]

10. Thank you to all you guys working on this

:hug: And I'm glad to hear this about Diebold too! Yay!

[EFerrari]

16. ditto

:hi:

[garybeck]

13. any news on the Velvet Revolution campaign

I think this domonstrates that attacking them at the financial level could have an affect. The Velvet Revolutionaries are awaiting our next command!

[KoKo]

14. Brad...here's some more news about Diebold

from Yahoo's Financial Watch: (Hmmm...Wonder what Eric Evans did that he had to resign as COO and leave the Board of Directors. :shrug:)




------------------------------
NORTH CANTON, Ohio (AP) -- Shares of Diebold Inc. plunged to a new year low Wednesday after the company said its president quit and it slashed its earnings forecast for the third quarter, blaming Hurricane Katrina and rising fuel costs along with a lower outlook for its automated teller machine business.


The North Canton company, which also makes security and voting machines, said its president and chief operating officer quit and that Walden W. O'Dell, Diebold's chairman and chief executive, would assume those positions to become more involved in the company's global operations.

"Our recent financial performance has been unacceptable, and these organizational changes are a major step toward improving our direction," O'Dell said.

Diebold says it now expects to make 32 to 37 cents a share for the quarter, including restructuring charges of 7 cents a share. Analysts surveyed by Thomson Financial had projected third-quarter earnings of 66 cents a share.

Half of the company's global revenue from ATMs is from North America, where about $50 million in lower revenue expectations are tied to customer delays and operational inefficiencies, O'Dell said.

The hurricane affected scheduled ATM deliveries, security installations, maintenance contracts and other near-term business throughout the Gulf region.

Also, the hurricane hindered deliveries of voting machines in the Gulf region, costing the company approximately $10 million in revenue during the quarter.

Higher fuel prices are also pushing up costs in freight and service-fleet operations, Diebold said. The company is starting a fuel surcharge on certain services.


The company did not mention whether it is considering job cuts. But in a conference call with analysts, O'Dell said Diebold is looking at all options.

"We will continue to do significant consolidation and restructuring and make technology investments that should help our costs on both service and manufacturing. We have closed one plant this year and we are reducing the size of others," he said.

O'Dell is assuming the responsibilities of Eric Evans, president and chief operating officer. Diebold said Evans is leaving the company and has resigned from its board of directors.

Diebold Inc.: http://www.diebold.com


http://biz.yahoo.com/ap/050921/diebold_outlook.html?.v=7

[electropop]

17. Can we deliver Wally O'Dell on a silver platter

to Ohio? :evilgrin:

[tlsmith1963]

15. Fantastic News!

About time that Diebold crashed. I wish that Halliburton would, too.

Tammy