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Non-Tech : General Electric (GE)
GE 290.46-1.2%11:07 AM EST
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To: Frank Griffin who wrote (1508)10/23/2000 12:24:45 AM
From: bigcue2000  Read Replies (1) of 3256
 
Frank - Yes I do. This stock has been adrift since the 3:1 split on 8 May. At that time the split adjusted price was $52.4375. I believe the reason for the drift, aside from the general market meltdown, was the Street’s uncertainty over JW’s successor. The QUICK merger with Honeywell would ordinarily trigger a further loss in valuation; however, knowing that JW will stay aboard through 2001 should calm the Street and negate any significant loss in valuation of GE stock (IMHO). The forthcoming announcement of JW's #2 will help. Tomorrow will tell the story.
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