Diebold Posts 1Q Loss - ($5.9 million )

[Kadie]

In this Oct. 28, 2005 file photo, a Diebold voting machine demo is shown in Columbus, Ohio. Diebold Inc., maker of banking machines, business security systems and voting equipment, said Wednesday, April 25, 2007 that it swung to a loss of $5.9 million in the first quarter, due largely to restructuring charges from a plant closing in France. The company also said it still is trying to evaluate a long-term strategic plan for its Diebold Election Systems voting machine business, which had a revenue decline of about $23 million in the quarter ending March 31. (AP Photo/Kiichiro Sato, File)


AP
Diebold Posts 1Q Loss
Wednesday April 25, 10:47 am ET
Plant Closing Hurts Diebold's First Quarter Results


NORTH CANTON, Ohio (AP) -- Diebold Inc., maker of banking machines, business security systems and voting equipment, said Wednesday it swung to a loss of $5.9 million in the first quarter, largely because of restructuring charges from a plant closing in France.

The company also said it still is trying to evaluate a long-term strategic plan for its Diebold Election Systems voting machine business, which had a revenue decline of about $23 million in the quarter ending March 31.

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"We are working diligently on this effort and we will communicate our strategy as soon as possible," Chief Executive Officer Thomas Swidarski said. "We will do our best to ensure that any course of action we take will be in the best possible interest of all our customers, employees and shareholders."

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