Diebold is no more (at least in name)!

THIS MESSAGE IS FROM THE BradBlogAlert@cville.com LIST!
Election Unit Spins off from Corporate Parent, Becomes ‘Premier Election Solutions’ After Failure to Find Buyer for Failing Unit!
— By Brad Friedman from St. Louis, MO
Diebold Elections Systems, Inc. is no more. At least in name.
After a year and a half of conversely trying to dump their failed voting unit and/or lying to customers about the reliability and security of their voting systems, corporate parent Diebold is giving up the ghost of their election business which, according to an analyst in a Reuters report, was “responsible for less than 10 percent of Diebold’s revenue, and 100 percent of its bad publicity.
According to a company statement just released, Diebold Elections Systems, Inc. will become Premier Election Solutions as of today. The company president, David Byrd, who has overseen the disastrous election unit for some time, will stay on as President to go down with the ship, apparently.
More than anything, however, the move may well be a harbinger of a coming declaration of bankruptcy for Diebold/Premier as we see it. With the unit now spun off from the blue chip Diebold parent, declaring bankruptcy or dissolving the company all together would be less trouble for investors and the main company as a whole…

Brad Friedman
Publisher/Editor, The BRAD BLOG

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