GE Vice Chairman & Technology Infrastructure CEO John Rice spoke today at the Reuters Manufacturing Summit in Chicago about a wide range of topics including GE’s infrastructure performance; the economy and the US stimulus package; GE’s share price and dividend; services & backlog and GE’s global growth.
“We’re going to maintain our commitment to investing in technology,” John said, “because we have a set of businesses … aircraft engines, locomotives and energy that are technical platforms that have been built over decades. You don’t stop and start investing in those. We didn’t slow down in the mid-90s. We didn’t slowdown the investment in the GEnx engine for the 787 after 9-11. This is what you do when you’ve been around for 130 years and we’re going to continue to do that.”
Listen to his opening comments:
* Visit the Reuters Manufacturing Summit blog to see related coverage and audio broadcasts
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keep up the good work
Technology in part of GE’s genetic code inherited from its passionate founder and prolific inventor, Thomas Edison. I think that The Innovation Timeline tells brilliantly the GE’s technology story.
This is my personal opinion that doesn’t necessarily reflect those of my employer GE Security.
http://blogs.barrons.com/stockstowatchtoday/2009/02/27/ge-cuts-dividend-70-immelt-says-payout-appropriate-company-has-no-plans-to-raise-more-equity/#comment-104985#comment-104985
General Electric is missing out by not giving attention to magnetic generators.
http://ec604qyajihydvfil70d0lsjbp.hop.clickbank.net/?tid=MEFH