What are the odds that someone like Lockheed will buy the aviation piece? I’m guessing that GE will evaporate totally within 5 years.
GE did this before and then brought it all back together.....business cycle stuff.
Yes, both are holders of huge portions of government business.
Both had lots of patents for valuable inventions. Both now live on connections and not innovation.
Wow.
Hook some magnets to Jack Welch and power lower manhattan, because Neutron Jack is Spinning in his grave.
Smart move.
Buy recommendation.
Patriots will return and GE sees this as an inevitability.
They are dividing there woke sectors of operation.
I think GE recently did a 8-1 reverse split in order to stay listed.
A once giant has fallen. Bad management, but not as bad as the management we have in government.
They, Raytheon, owns Pratt - Whitney.
Already sold their home appliance business to the Chicomms (Haier)...
Did’nt skippy 0bama have GE toadies on his Industrial Manufacturing task force, or something like that.
GE transformed into fascist grifters
A couple months after I started my new job, I got a call from GE wondering where my source code was. I said, "Hey, your CM system was down and you gave me 1 hour to pack up my stuff before you escorted me out of the building like I was a criminal. My source code was on my computer just like I told my boss during my exit interview." They replied, "Oh, we re-cored that machine long ago." I said, "Too bad for you!" LOL
Have not knowingly bought a thing made by GE since. Absolutely agree that Jeff Immelt was a disaster.
How about they move back to Schenectady and make some f’ing 60 watt light bulbs again?
Events like this are a clear rebuke to Marxist theory.
Marx believed that companies would buy each other and capitalism would collapse once there were only a few giant monopolies.
GE shows that capitalism works. Bad companies die and get broken up just as fast as new ones are born.
Lawyers rejoice. Investment bankers cheer.
Fees are going to be YOOJ
I worked in the R&D center years ago. Also visited there R&D center when working at a computer company for a innovative product they had.
Later one I went to work at Ericson GE. They management was a good ole boys network. Not surprised to see they go down and break up.
People were not awarded on the contributions. They were rewarded if they were in the inner circles. Sometimes they wanted to stick to old technology. Best thing I did was to leave them and work a places where they reward contributions. Salary has tripled.
I worked in the R&D center years ago. Also visited there R&D center when working at a computer company for a innovative product they had.
Later one I went to work at Ericson GE. They management was a good ole boys network. Not surprised to see they go down and break up.
People were not awarded on the contributions. They were rewarded if they were in the inner circles. Sometimes they wanted to stick to old technology. Best thing I did was to leave them and work a places where they reward contributions. Salary has tripled.
so who gets NBC?