Container Top
Homes   Jobs   Cars   Shopping
Search

Events Calendar

EVENT SEARCH:

In This Section


Most Read Stories


Blogs:


Pets:
Not 101 Dalmations…but close!

The Heldenfiles:
Friday Notebook

Patrick McManamon:
For your perusal

Akron Zips:
The morning after

Tribe Matters:
Tribe makes roster moves

Cleveland Browns:
Lewis doesn't like boycott

Kent State Sports:
Kent State falls to Akron, 20-28

Cleveland Cavaliers:
Gameblog: Cavs at Knicks

Buckeye Blogging:
Weekly ‘B’ Deck Report – New Mexico St.

Varsity Letters:
Wrestling, bowling teams prepare for season

All Da King's Men:
If It Looks Like Islamic Terrorism…

Blog of Mass Destruction:
Dems Message To Women: Don't Enjoy The Sex

Akron Law Café:
Health Care Financing Reform: (62) The Stupak Amendment

See Jane Style:
Muffle Your Muffler

Car Chase:
Perfect Weather for an Autumn Drive

Let's Talk Real Estate:
RUMORS: Downtown Restaurant Explosion

Ohio Travels with Betty:
Jack is looking for a trip to Southern Ohio the week of November 16.

Sound Check:
The Black Keys to perform benefit concert at Musica on November 27

HRLite House:
Personal Rant – Why People Do Not Live in Northeast Ohio

Akron Gamer:
New 'Call of Duty' could set entertainment record

Diebold shares fall after analyst cuts projections

By Candice Zachariahs Bloomberg News Service

Shares of Diebold Inc., a maker of automated-teller and voting machines, fell the most in almost two years after an analyst cut his full-year earnings projection.

Shares of the Green-based company dropped $2.21, or 4.4 percent, to $47.60. That was the biggest decrease since Sept. 21, 2005.

''Certain states such as New York appear increasingly unlikely to purchase new voting equipment'' in 2007 and possibly 2008, wrote Matt Summerville, an analyst with KeyBanc Capital Markets in Cleveland, in an investors note Monday.

Diebold's 2007 revenue forecast probably included expected sales from New York's overhaul of its election system, Summerville said. The election-systems unit faces other challenges, including legislation that's been introduced in Congress that could hurt the adoption or continued use of touch-screen voting machines.

A sale of the division, which he says was the company's most profitable last year, ''appears unlikely,'' Summerville wrote. He reduced his full-year earnings estimate to $2.02 a share from $2.22. Summerville now rates the company ''hold,'' down from ''buy.''

Diebold's touch-screen machines have drawn criticism from researchers and led to speculation that the unit would be sold or spun off. Diebold in April said it is still evaluating its ''long-term strategic position'' in the voting machine operations.

Diebold shares have risen 17 percent in the past year.

Shares of Diebold Inc., a maker of automated-teller and voting machines, fell the most in almost two years after an analyst cut his full-year earnings projection.

Get the full article here.


Story tools

Email  Email   Print  Print   Save  Save   Reprint  Reprint   Popular  Most Popular   Reprint  Subscribe

Share this story

AddThis Social Bookmark Button
















Most Commented Stories