Feeds

Diebold rebrands evoting business, revises forecasts

A bad day to Diebold

Securing Web Applications Made Simple and Scalable

Diebold has re-branded its electronic voting subsidiary as "Premier Election Solutions" after attempts to offload the business failed. The firm also had to rein in its performance predictions, as uncertainty about the security of the machines starts to bite.

The firm said: "Efforts to sell this company... have proven unsuccessful due in part to the rapidly evolving political uncertainties and controversies surrounding state and jurisdiction purchases of electronic voting systems".

It also noted that large orders it was expecting in 2007 have moved into "2008 and beyond", and so needs to reduce its full year revenue forecast by around $120m. That is more than half: the business had expected to report revenue of up to $215m for the period.

Thomas Swidarski, Diebold's president and CEO said: "While we plan to fully support this business for the foreseeable future, we feel a more independent structure should allow it to operate more effectively."

He added that although the market is uncertain now, the US government is likely to pump more cash into voting technology at some point. The implication being that is worth hanging around to see what happens.

The news follows California's decision to decertify the voting machines made by the four biggest vendors, including Diebold.

The move by California Secretary of State Debra Bowen placed tough new restrictions on the use of machines of three of the manufacturers - Diebold Election Systems, Sequoia Voting Systems and Hart InterCivic, after security testers found serious vulnerabilities in machines from all three firms.

A fourth manufacturer, Election Systems and Software, could still be re-certified, having lost its stamp of approval for failing to turn over its source code in time for the review. ®

Application security programs and practises

More from The Register

next story
ONE EMAIL costs mining company $300 MEEELION
Environmental activist walks free after hoax sent share price over a cliff
Arrr: Freetard-bothering Digital Economy Act tied up, thrown in the hold
Ministry of Fun confirms: Yes, we're busy doing nothing
Help yourself to anyone's photos FOR FREE, suggests UK.gov
Copyright law reforms will keep m'learned friends busy
Apple smacked with privacy sueball over Location Services
Class action launched on behalf of 100 million iPhone owners
US judge: YES, cops or feds so can slurp an ENTIRE Gmail account
Crooks don't have folders labelled 'drug records', opines NY beak
UK government officially adopts Open Document Format
Microsoft insurgency fails, earns snarky remark from UK digital services head
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
prev story

Whitepapers

Top three mobile application threats
Prevent sensitive data leakage over insecure channels or stolen mobile devices.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.