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Browns find another way to lose
After 30 years at the helm of Akron Children's, Considine still looks to future
New version of Mozilla Thunderbird landing soon
SCORE offers wide variety of workshops
About Matsos Greek Dressing & Marinade
All-in-one units jolt desktop computer sales
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Police accuse bank robbery suspect of gobbling up note (with dashcam video)
Victim of beating in Kent last week is declared dead at Akron hospital
Can DNA tests free ex-Akron captain?
Dad accused of forcing son into field, killing him
Man found dead in North Akron home is identified
Does it work? Test team returns to try out new products advertised on television
Blogs:
Pets:
Cat-loving chihuahua suckles seven abandoned kittens
The Heldenfiles:
Sunday Notebook
Patrick McManamon:
Browns sick after sick loss in Detroit
Akron Zips:
Zips advance to Sweet Sixteen
Tribe Matters:
Seven players added to Tribe’s 40-man roster
Cleveland Browns:
Post-game defensive quotes
Kent State Sports:
Kent State defeats Rochester College, 63-44
Cleveland Cavaliers:
Gameblog: Cavs vs. Philadelphia 76ers
Buckeye Blogging:
OSU – Michigan college football rivals meet in Baghdad
Varsity Letters:
Four area football teams play tonight
All Da King's Men:
The Sunday Sanity Challenge
Blog of Mass Destruction:
Will Health Care Reform Pass?
Akron Law Café:
Health Care Financing Reform: (69) The Brookings Institute Study on "Bending the Curve" – Four General Strategies
See Jane Style:
Vintage Chic
Car Chase:
TIME TO GET YOUR COLLECTOR CARS WINTERIZED
Let's Talk Real Estate:
Faye Dunaway to be Evicted?
Ohio Travels with Betty:
George is looking for a Thanksgiving buffet in Akron.
Sound Check:
Steely Dan Plays "The Royal Scam" at E.J. Thomas Hall
HRLite House:
Personal Rant – You are All Wrong About Jobs, or the Lack of Jobs, Being the Reason People Do Not Live in NEO
Akron Gamer:
Nintendo's Mario endures even as games come and go
Afternoon presentation to feature Chenevert of United Technologies
Published on Wednesday, Mar 05, 2008
Beacon Journal staff report
Diebold Inc. shares fell slightly on Tuesday as industry analysts updated investment recommendations following United Technologies' disclosure on Sunday that it was making a hostile $2.6 billion bid for the Green maker of ATMs and electronic voting machines.
Diebold shares dropped $1.16, or 3 percent, to $37.68. Shares are up 31.3 percent since Jan. 1, and are down 17.1 percent from a year ago. Shares on Monday rose 61 percent from Friday's close of $24.12 after United Technologies said it is willing to pay $40 a share for Diebold.
Diebold's board of directors on Monday rejected the United Technologies offer as being premature as well as too low.
Industry analysts had differing views on Diebold shares.
According to Bloomberg News, two analysts rate Diebold a ''Buy,'' four call shares a ''Hold,'' and one rates the stock as a ''Sell.''
Jefferies analyst Yvonne M. Varano downgraded her recommendations on Diebold to hold from buy, saying she did not see enough of an upside in the near future to merit buying.
Investment firm Robert W. Baird analyst Reik Read, meanwhile, upgraded Diebold to
''Outperform'' from ''Neutral,'' because he expects a higher bid from United Technologies.
Meanwhile, United Technologies Corp. President and Chief Operating Officer Louis Chenevert will speak to analysts this afternoon at the Citigroup Global Industrial Manufacturing Conference. The proposed Diebold acquisition is expected to generate questions.
Chenevert's presentation is scheduled for 3:45 p.m. and will be on a live Web cast at http://www.utc.com.
Get the full article here.
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