Taser: 1Q Sales Short of Expectations

[Rose Siding]

SCOTTSDALE, Ariz. - Taser International Inc. on Friday estimated its first-quarter revenue short of Wall Street expectations, saying the controversy over the safety of its stun guns may have cut into sales for the period.

Taser shares fell $1.58, or 13 percent, to close at $10.42 in Friday trading on the Nasdaq Stock Market. The stock, one of the most heavily traded on the Nasdaq, has lost nearly two-thirds of its value from a late December high of $32.59.
....
The controversy over safety remains the biggest challenge to Taser, which has few competitors, he said.

But Brian Ruttenbur, an analyst with Morgan, Keegan & Co., said he does not believe the concerns over safety are a temporary problem for the company. The lawsuits regarding the product are likely to mount.

In the company's latest filing with the Securities and Exchange Commission, it said it has been sued 18 times since April 2003 for personal injury or wrongful death.

http://news.yahoo.com/news?tmpl=story&u=/ap/20050401/ap_on_bi_ge/taser_outlook_16

[bettyellen]

1. wow, how did kerick know to dump the stock just this past week?

here's hoping he's the next martha stewart!

[benburch]

2. My question is this...

is there a role for "less deadly force"?

Or should the equation be cooperation or gunplay?

[Octafish]

3. Shocking.

Simply shocking.

Hope they have enough insurance to pay all the lawsuits of those harmed and killed by their product.

Otherwise, the users, company officers and shareholders should each receive a similar electrifying experience.

A volt for a volt, so to speak.