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Technology Stocks : DBD: oversold at these levels?
DBD 12.38+0.5%10:30 AM EDT

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To: Joseph S. Lione who started this subject7/26/2000 1:47:12 PM
From: Shawn M. Downey   of 79
 
Diebold, Loomis Fargo sign national cash
handling agreement

HOUSTON -- Diebold, Incorporated (NYSE: DBD) and Loomis, Fargo
& Co. have signed a national cash handling services agreement that
will help streamline Diebold's Fast Line offering, which encompasses
the company's first-line (basic, limited-technical) and cash handling
services.

Under the two-year non-exclusive agreement Diebold service
professionals will perform first-line maintenance, while Loomis, Fargo
& Co. will provide cash management services on Diebold's behalf.

Instead of signing an individual contract for each customer, the
agreement between Diebold and Loomis, Fargo & Co. will allow for
the use of standard pre-approved terms and conditions. The ordering
process between Diebold and Loomis, Fargo & Co. requires only the
completion of an exhibit that lists the tasks the individual customer
requires, such as pickup of prepared shipments, loading currency into
cash cassettes, sweeping ATM deposits and returning non-dispensed
currency.

"This agreement brings together two companies that have a
long-standing tradition of quality and customer satisfaction," said
William M. Fletcher, vice president, ATM Services for Loomis Fargo
& Co. "In many ways, this agreement simply formalizes a relationship
that has become mutually beneficial for both parties and, most
importantly, for our shared customers."
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