EXHIBIT 99.2
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NEWSrelease
Media contact: Investor contact:
Mike Jacobsen John Kristoff
+1 330 490-3796 +1 330 490 5900
jacobsm1@diebold.com kristoj@diebold.com
FOR IMMEDIATE RELEASE:
August 4, 2005
DIEBOLD BOARD AUTHORIZES ADDITIONAL TWO MILLION SHARE STOCK REPURCHASE
NORTH CANTON, Ohio - The Board of Directors of Diebold, Incorporated
(NYSE:DBD) today authorized the company to repurchase up to two million
additional shares of its common stock in the open market. Diebold has
approximately 400,000 shares remaining under its most recent 2 million share
authorization from June 2004, and has repurchased approximately 1.4 million
shares to date in 2005.
The company plans to opportunistically repurchase shares as a means of
returning cash to its shareholders.
"We believe this new authorization represents a strong vote of
confidence in our ability to continue generating superior results as we focus on
improving the profitability and competitiveness of our business for the
long-term," said Walden W. O'Dell, chairman and chief executive officer. "The
prospects for the markets we serve remain healthy, and the strategic actions we
are initiating today will position us well for future growth in the global
marketplace."
Diebold has 70,551,902 shares of common stock outstanding.
Diebold, Incorporated is a global leader in providing integrated
self-service delivery systems, security and services. Diebold employs more than
14,000 associates with representation in nearly 90 countries worldwide and is
headquartered in North Canton, Ohio, USA. Diebold reported revenue of $2.4
billion in 2004 and is publicly traded on the New York Stock Exchange under the
symbol `DBD.' For more information, visit the company's Web site at
www.diebold.com.
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PAGE 2/DIEBOLD BOARD AUTHORIZES TWO MILLION SHARE STOCK REPURCHASE
FORWARD-LOOKING STATEMENTS
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In this press release, statements that are not reported, financial
results or other historical information are "forward-looking statements" within
the meaning of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements give current expectations or forecasts of future
events and are not guarantees of future performance. These forward-looking
statements relate to, among other things, the company's future operating
performance, the company's share of new and existing markets, the company's
short- and long-term revenue and earnings growth rates and the company's
implementation of cost-reduction initiatives. The use of the words "believes,"
"anticipates," "expects," "intends" and similar expressions is intended to
identify forward-looking statements that have been made and may in the future be
made by or on behalf of the company. Although the company believes that these
forward-looking statements are based upon reasonable assumptions regarding,
among other things, the economy, its knowledge of its business, and on key
performance indicators that impact the company, these forward-looking statements
involve risks, uncertainties and other factors that may cause actual results to
differ materially from those expressed in or implied by the forward-looking
statements. The company is not obligated to update forward-looking statements,
whether as a result of new information, future events or otherwise.
Readers are cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date hereof. Some of the risks,
uncertainties and other factors that could cause actual results to differ
materially from those expressed in or implied by the forward-looking statements
include, but are not limited to:
- - competitive pressures, including pricing pressures and technological
developments;
- - changes in the company's relationships with customers, suppliers,
distributors and/or partners in its business ventures;
- - changes in political, economic or other factors such as currency exchange
rates, inflation rates, recessionary or expansive trends, taxes and
regulations and laws affecting the worldwide business in each of the
company's operations, including Brazil, where a significant portion of the
company's revenue is derived;
- - acceptance of the company's product and technology introductions in the
marketplace;
- - unanticipated litigation, claims or assessments;
- - the company's ability to reduce costs and expenses and improve internal
operating efficiencies;
- - variations in consumer demand for financial self-service technologies,
products and services; o challenges raised about reliability and security
of the company's election systems products, including the risk that such
products will not be certified for use or will be decertified;
- - changes in laws regarding the company's election systems products and
services;
- - potential security violations to the company's information technology
systems; and
- - the company's ability to achieve benefits from its cost-reduction
initiatives and other strategic changes.
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PR/3185