9:56 AM CDT, August 16, 2007
NORTH CANTON, Ohio - Diebold Inc. said Thursday it has failed to sell its voting technology business, which is used in elections across the country, amid criticism that its voting machines were not reliable.
Instead, the company said, it will allow the unit to operate more independently, giving it a separate board of directors that includes independent members and perhaps a new management structure.
Diebold also slashed its revenue outlook $120 million for the year for the unit because of delays by several states in purchasing voting equipment and said that will cut the company's earnings by 27 cents per share for the year.
Diebold said in a statement that it made the decision in part because of "the rapidly evolving political uncertainties and controversies surrounding state and jurisdiction purchases of electronic voting systems."
http://www.chicagotribune.com/technology/ats-ap_technology12aug16,1,1084533.story
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