Diebold (manufacturer of the voting machines in question) faces informal SEC inquiry
Diebold faces informal SEC inquiry
Tue May 9, 2006 5:29 PM ET
NEW YORK, May 9 (Reuters) - Diebold Inc. one of the world's largest makers of automated teller and electronic voting machines, on Tuesday said staff at the U.S. Securities and Exchange Commission have begun an informal inquiry into how the company recognizes revenue.
North Canton, Ohio-based Diebold said it learned recently about the SEC inquiry and is cooperating. The company disclosed the inquiry in its quarterly report filed with the agency.
A Diebold spokesman did not immediately return a call for comment. SEC spokesman John Nester declined to comment.
Diebold has struggled with high manufacturing costs and lower demand in North America for its ATMs. It is incurring some restructuring charges this year as it tries to cut costs and improve profitability.
Labels: Diebold
posted by Jef Hall at 6:45 AM
5 Comments:
What does the question of how the company recognizes its revenue have to do with the voting machine issue in Winnebago County? Is this the start of one of your typical Liberal blog smear campaigns. Now you will find every article written against this company in the past decade reguardless of the source. So typical of your kind.
It speaks to the solvency of the company. Do we want to but a questionable machine from a company with questionable finaces?
Will they be around for upgrades? Does the comapny have the funds for the R&D to improve their service?
The finances of any company that the county is entering into purchase contacts with is very important.
It also speaks the why there may be the errors in the new equipment when the clerks have found the old equipment reliable.
Do you check the finances of every company the county purchases from. Hello, we already have their equipment and system in place.
Web Images News Audio Video
Search:
Quick FindAutosCareersCasinoCelebritiesCommunityComputersDatingeBay®EducationEmailEntertainmentFashionFood & DrinkGamesGiftsGreetingsHealthHoroscopesInvestingLifestyleLotteryMoviesMusicNewsReal EstateShoppingSite MapSmall BusinessSportsTodayTravelTVWeatherWhite PagesYellow Pages
Excite | Lite | Email | Help
Symbol(s):
Find Symbol
Tip: You can enter multiple
symbols. (ex DELL EMC)
Money Home My Money Portfolio Markets News Research Personal Finance
Top Business • Markets • Analyst News • Technology News • IPO • Press Releases • By Industry
3 States Order More E-Voting Security
Wednesday May 10, 10:01 PM EDT
SAN FRANCISCO, May 11, 2006 (AP Online via COMTEX) -- Officials overseeing elections in three states have directed local authorities to take additional security measures with a popular type of electronic voting machine to prevent election fraud.
California, Iowa and Pennsylvania issued the voting directives in recent weeks after researchers discovered a feature that could allow someone to load unauthorized software on Diebold Election Systems computerized machines.
A hacker theoretically could use the software to rig or sabotage an election or to perform some other unauthorized function, said Michael Shamos, a computer science professor at Carnegie Mellon University.
"It's worse than a hole," said Shamos, who has been briefed on the vulnerability of the Diebold machines. "It's a deliberate feature that was added by Diebold that we all believe is unwise."
In the wake of the ballot-tabulating problems that plagued the 2000 presidential election, electronic voting has become a flash point for many people concerned about fair elections. Critics charge that electronic voting machines are too susceptible to fraud and error to be trusted and should not replace traditional balloting until proper safeguards are installed.
Diebold spokesman David Bear said there is no evidence electronic results have been subject to tampering. He added it would be hard for anyone to exploit the recently discovered flaw if officials follow security procedures already in place, but that Diebold is developing a permanent solution to address concerns.
The additional safeguard spelled out in the directives "is one more redundancy to ensure the security of the election," Bear said.
Pennsylvania officials warned local election registrars last week about the vulnerability in the mechanism that installs and upgrades software on Diebold equipment. It said the risk of the vulnerability being exploited was "low" because a person would need physical access to the machine's memory card slot while the system was being booted up.
Until Diebold, a unit of North Canton, Ohio-based Diebold Inc., delivers a permanent solution, the notice instructed local officials to reinstall the authorized software just before testing the machine and certifying it for use. Directives issued in California and Iowa called for similar procedures.
Diebold machines are used in 16 of Pennsylvania's 67 counties, said Leslie Amoros, a spokeswoman for the Pennsylvania Department of State. Pennsylvania's primary election is scheduled for May 16.
In California, 12 of 58 counties use Diebold machines with the vulnerability, according to Jennifer Kerns, a spokeswoman with the Secretary of State's office.
About 30 percent of counties in Iowa use electronic voting machines, affecting about 7 percent of Iowa voters, said John Hedgecoth, a spokesman for the Iowa Secretary of State.
The security flaw was discovered by a researcher for Black Box Voting, a nonpartisan, not-for-profit organization that has criticized the security of electronic voting in the past. The group expects to release a report on the vulnerability this week, director Bev Harris said.
The flaw was reported Wednesday by the Oakland Tribune.
___
On the Net:
http://blackboxvoting.org
By DAN GOODIN AP Technology Writer AP Technology Writer
Copyright (C) 2006 The Associated Press. All rights reserved.
**********************************************************************
As of Saturday, 05-06-2006 23:59, the latest Comtex SmarTrend(SM) Alert, an automated pattern recognition system, indicated an UPTREND on 10-24-2005 for DBD @ $35.86.
(C) 2006 Comtex News Network, Inc. All rights reserved.
News provided by Comtex. Click here to view end user terms.
RELATED QUOTES
Symbol Last Trade Change
DBD
43.16
-0.44
Enter one or more symbols
Quotes delayed up to 20 minutes.
Google sponsored links
Stock Investment - Yield 10x's your initial capital. GHLT shares could Soar over 1,000%
www.TheStreetStockReport.com
REIT Growth and Income - REIT investing for individuals View Best & Worst Performing REITs
www.REITMonitor.net
Bond Investing - All-in-one site for bond buyers. Learn, search and buy. FMSbonds.
fmsbonds.com
Click here to email this page to a friend
Quotes supplied by ComStock, Inc. Click here for terms and conditions.
Technology provided by TIBCO Finance Technology, Inc., a Reuters Company.
Money Help Give Us Your Feedback Money Glossary
Web Images News Audio Video Search Spy
Got Speedbar?
Search the Web:
Yellow Pages | White Pages
Site Map Advertise on Excite Member Info Sign In/Out Company Info Terms of Service Privacy Policy Help
Make Excite Your Home Page!
© 2006 IAC Search & Media. All rights reserved.
Excite Deutschland | Excite España | Excite France | Excite Italia | Excite Nederland | Excite Österreich | Excite UK
The other side of the story
Post a Comment
<< Home