Bob Brinker: Market Savant & Radio Host Message Board

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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host

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To: wooden ships who wrote (5194)	5/27/1998 12:36:00 PM
From: Investor2	Read Replies (1) of 42834

Re: Y2k "Friday May 22, 4:04 pm Eastern Time Company Press Release SOURCE: Diebold, Incorporated Diebold Adjusts Second Quarter Expectations NORTH CANTON, Ohio, May 22 /PRNewswire/ -- Diebold, Incorporated (NYSE: DBD - news), announced today that earnings for its second quarter, which ends June 30, 1998, will probably lag behind those of the same period last year. Diebold earned $0.44 per share (diluted) in the second quarter of 1997. Analysts' estimates for the quarter currently range from $0.49 to $0.50. Industry-wide banking trends such as bank mega-mergers, as well as technological issues surrounding the year 2000 are having a near-term impact on Diebold's business. The company is currently re-evaluating its 1998 business plans and cost structure in a move that could result in a restructuring charge." Yesterday, Diebold stock lost about one-quarter of it's value. Best wishes, I2

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