The ubiquitous light bulb will be phased out thanks, in part to GE’s lobbying for CFL’s.
The U.S. plants are closing and the jobs are going to China.
As Kurt Vonnegut said:
“And so it goes”
(He worked for GE as a PR flak)

GE’s white goods division has been a manufacturing powerhouse for decades. But GE the conglomerate no longer sees the value of the white goods division. To GE the white goods are only a small division in terms of income and immediate value. And now in a troubled economy, the division valuation is less that what it was 18-24 months ago. History dictates that GE generally sheds itself of underperforming segments, as it should unless it can turn the division around. Jeffery Immelt and the GE board ultimately will seek disposition options of the white goods division. One possible option is for GE to spin off the division for shareholders and keep white goods division under some control of GE. I don’t believe selling the white goods division outright with the GE name intact is of any long term value. Plus if the product line falters in quality or overall value under an off shore buyer or equity firm, the diminished value in name could also effect GE the conglomerate. It is hoped for the division, its thousands of employees and shareholders that GE name continues and prospers.

GE has lost the type of people who could innovate inside the business and restart that business. The marketing advantage of coming out with a product that leaps over everone in the same business would have kept the Appliance Business a profitable arm of GE. I am sorry to see this great firm without the talent needed to produce the necessary inovation to continue.

Jeff I-Melt your stock… looked no futhure than the Union Jack siting on his profit margin… goodby Amercian Work Force, and they will blame you for the the rejection… you think… Yep! Happy Trails to you and hellow outsourcing along with your 65 years of pensions… see ya or cathch you later in the wellfare lines!

My guts feeling is that GE’s problems run much deeper than its Appliance Unit. Timing of their latest, so called portfolio streamling, sales are off and somewhat hurried. I can’t help but suspect credit/cashflow problems. they might be facing problems in raising cash and/or downgrade of their credit rating. Remember the run in with bond market guru Bill Gross couple of years ago. Stay tuned… It might get more interesting.

GE’s real strength has been its shareholder base Jeft-I-Melt has eroded the confidence of the shareholders and the mass exit has begun. Another american icon beginning to crumble. Is this the roman empire falling?

Jeff had lowered the quality, moved operations to Mexico and sucked the last profit dollar from Appliances…even GE employees will not buy the brad with discoounts and rebates!!! Auction all a show for the stock holders Jeff is running in fear.
…Medical will be next under the bus… over staffed and getting their shorts eaten by Siemans and Tosbiba… Lighting is OK its all going to China anyway…..

Whirlpool and Electrolux made their presence felt in markets of larger growth. GE had the same opportunity to buy Maytag before it was acquired by a competitor. Small tuck in acquisitions and driving operational efficiencies could have made appliances as one of the valuable businesses. Surprised to note that a company with such a large intellectual capital could not think outside the box. Spin offs, as suggested by Barrett is certainly a better option that sell off.

in our view, GE TOP MANAGMENT IS A SHADDOW of that of decades past. Food, shelter, and clothing - along with health care are still essentials of life. home appliances are still a part of housing. JR MOODY (above) hit it right on the button. A great on going demand business is for sale because the financial manipulators - Not MANAGERS - of GE have in recent decades lacked the ability to manage. A spin off would be great but our quess is those in power would prefer to play with the shareowners money.

JR MOODY and others are correct - GE management is incorrect. The financial manipulators- NOT MANAGERS -flunked again

GE is still a great company with good people, but leadership failed. Jeff doesn’t know come here from sic ‘em and too many solid people are gone, replaced by the nearest ivy league yes man. Unless John Rice is running the company soon, these will look like the good ole days 2-3 years from now.

It is time now for GE to get out of this highly comp etitive low end low profit margin business, which as interest rate recession sentivive, as more competition from China and other developing countries.
GE should concentrate on high end high tech products, medical, finance.
details on
www.osawh.com/mortdefa.htm
www.osawh.com/fund2008.htm
www.osawh.com/recession.html

E Ozak… you go to the top of the class… you get (two);

(Two… Pings) Yup!

There is no such thing as global warming! This was made up to support a way to make money off the American people. The earth is in a natural state of warming up from the last ice age. It has been proven that there has been several ice ages on this earth before human mass population and the ice melted then why? Because it’s natural for the earth to cool down and heat up just wait until the next ice age you will see. That is why it is silly to think CFL’s will help to stop global warming!!!

Ge’s stock would climb to the heights of heaven… if only… they would outsource… Jeff I-Melt your stock… “Brain Dead”… and his Greedy Duo at the top… Bush and Useless Paulson… you think… to say the least, while Ge Finance, NBC, and MSNBC rating are in the toilet and loosing money daily he turns on one of the GE Founding Fathers Money Profit Tools because he does not know how to work with people… you think! This is not about profit… it’s about the Unions… you think… I do and I know this for a fact! Ge is going to slice and dice this Cash Cow just like what Chrysler did to their Union Brothers! HA… Hey… Jeff I-melt your Ge stock… wanta’ buy some carbon tax credits from the broke US Tax Payers… I hope they run you out of town on a Glowing Red Hot Rail… you have ruined this once great company! You have mastered minded your last manipulation of Ge Stock for your profit and your friends (I can only hope also that you take Wright with you when you leave)… to the demise of this company (lets all pray to God) for the last time! Ray Charles could see what you’re doing! You think… you’re not only useless but you are also hopeless. At least you have learned to keep your mouth shut here lately when it comes to telling your share owners a pack of lies… I told you last fall you couldn’t even hold 32.60… guess what… go look at you stock since you last spoke… you think!

Do you remember Westinghouse Electric? One of the world’s largest companies for a hundred plus years. They also sold off their white goods and then the problems started. No division of GE is doing that great. All of their divisions are having a hard time. The white goods touch the public and return quick cash to GE - cash flow. I think that is what will drop with this sell off. Westinghouse died in 25 years remember.
*** The company that only 25 years before had 135 divisions was now down to three: nuclear energy, process control and government operations. **** It appears to be a fire sell to buy some operating cash. Where is the art of the deal, an auction?

it’s nice site lipitor pills >:))

G.E. HAS DUMPED THEIR APPLIANCE DIVISION EMPLOYEES. MY HUSGAND HAS 36 YEARS AND 58 YEARS OLD AS OF DEC 1 2008 HE IS LOSING HIS RETIREMENT, GE. REUSING TO RETIRE HIM AND WE ARE ALSO LOSING OUR MEDICAL BENEFITS. G.E. HAS SCREWED ALL THE APPLIANCE DIVISION EMPLOYEES TO SELL TO A COMPANY THAT IS NOT US. WHAT A SHAME. WE ALL NEED TO PRAY FOR COUNTRY, G.E. HAS GONE TO HELL IN A HAND BASKET AND I HAVE NOTHING GOOD TO SAY ABOUT G.E. THEY ARE NOT THE COMPANY THEY USE TO BE. JEFF NEEDS TO LEAVE ASAP. SO THE MOTTO CALL -1-800 GE.CARES, RIGHT, WE BRIGHT GOOD THINGS TO LIFE!!!!!!!!!!!!i DON’T THINK SO. EVERYONE NEEDS TO KNOW HOW EMPLYEES CHEATED OUT OF THEIR RETIREMENT AFTER ALL THE YEARS OF SERVICE AND MEDICAL BENEFITS. DEC 2008. I WANT THE WORLD TO KNOW