Comments on: GE is not seeking equity investments from SWFs

By: Neil

Neil — Fri, 21 Nov 2008 19:08:03 +0000

Hello again, please retract last post, obviously the only conflicting views are in the way business developments are being reported by people such as Henry Blodget. Some time ago the President stated that anyone putting out misinformation about a company that negatively affected the stock would be prosecuted. Has this ever happened? Why is everything GE i.e. Jeff Immelt doing being viewed and reported in a negative light? There is obviously a high level of mistrust between GE and the Wall Street reporters, commentators etc.

CEO Jeffrey Immelt does need to make a powerful unequivocal statement to rebutt this type of negative reporting, to reassure his investors, employees and business community. To not do so begs the question is such a negative view accurate.

Thanks

By: Megan Parker

Megan Parker — Fri, 21 Nov 2008 19:05:30 +0000

Hi Neil,
Thanks for the question! (I usually just go as Megan ) My colleague Russell put it nicely in this Reuters article yesterday.

http://www.reuters.com/article/asiaDealsNews/idUSTRE4AJ52F20081120

Hope that clears it up!

By: Neil

Neil — Fri, 21 Nov 2008 18:38:35 +0000

Hello Megan from GE,

There seems to be conflicting statements from top executives concerning GE negotiating with SWF’s in Asia. Nani Becalli is cited by some sources that the company is indeed talking to SWF’s to take a stake simlar to the one with Mubdala. Please clarify!

Thanks.

By: Sun

Sun — Fri, 21 Nov 2008 16:50:05 +0000

Hi Megan,

The problem is Yahoo is still showing his old article (not the new one) as of right now 11/21 12:00PM as headline news (Tech Ticker). Please go to Yahoo GE finance page and check it out. Thanks.

By: Megan Parker

Megan Parker — Fri, 21 Nov 2008 16:23:59 +0000

Hi Sun,
Megan from GE- Thanks for pointing that out. We did touch base with Henry yesterday and he revised his post at: http://clusterstock.alleyinsider.com/2008/11/ge-raising-more-emergency-capital-

By: Sun

Sun — Fri, 21 Nov 2008 16:17:01 +0000

Yahoo.com is still showing "GE Raising More Emergency Capital?" as headline news for GE as of today (11/21/08) 11:12AM EST. This is the article by Henry Blodget in Newsmakers. Just go to yahoo GE finance page and this is what we all see as Fridays headline news. And based on what people is commenting on this article as of today, some people consider it as true. GE need to contact Henry Blodget to take off this article and write a retraction.

By: AndySKane

AndySKane — Fri, 21 Nov 2008 01:45:49 +0000

Mr. Immelt,

From your past actions I don’t particularly trust you.

Stock price is not at a ten year low. Please come out with some real assurance that you will not cut the dividend, that you are concerned about the loss of shareholder wealth, and outline your plan for raising the share price.

By: Mr Howard

Mr Howard — Fri, 21 Nov 2008 01:38:15 +0000

Santosh is ‘right on’

By: newinvestor

newinvestor — Fri, 21 Nov 2008 00:19:49 +0000

Giving a 10% extra dividend is a bad idea. Better to let GE retain whatever earnings they get. right now GE yields like 9 and some change. Good enough dividend.

Remember these low prices are good because the dividend payout with DRIP will increase your equity stake much quicker. so when the upswing occurs, it will be real fast. You will see your cost basis drop everytime you get dividends and then have them reinvested. Your yield also increases as well.

By: Santosh

Santosh — Thu, 20 Nov 2008 21:32:48 +0000

GE stock is sliding heavily in the recent past. The company should publicly come out with some strong stmt to restore the confidence among the investors.