URL: http://www.bradblog.com/archives/00001852.htm DIEB-THROAT Weighs in on Diebold's Stunning 15.5% Wednesday Stock Plunge
Disputes Voting Machine Company's Explanations for Lowered Forecasts, Compares Company to Enron...Points to Mismanagement, Failed Voting Equipment, Homeland Security Warnings and CEO O'Dell's $3m Salary as More Likely Causes
Our still-anonymous Diebold Insider -- who we call DIEB-THROAT -- has some thoughts on Wednesday's sudden and stunning 15.5% one-day plunge in Diebold, Inc. share prices as reported earlier today by The BRAD BLOG.
"What a difference a few months makes," DIEB-THROAT wrote after the market close on Wednesday. "Back in July, Diebold told investors during its conference call the election revenues were sound and expected to grow." Yes, DIEB-THROAT was on that conference call. "Now all of a sudden Diebold's
O'Dell tells investors of $10 million in lower revenues from election systems alone. Perhaps what Diebold isn't talking about is the $500,000 a month in legal fees they were spending in California, or the current rash of problems with touch screen systems that freeze up when votes are cast. Using Hurricane Katrina is a poor excuse for bad products - the last time this kind of deception occurred it was called Enron."...
MUCH MORE: http://www.bradblog.com/archives/00001852.htm
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http://www.BradBlog.com/Archives/00001851.htm
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