Hey bofp, a little idle speculation:
It's interesting to think about LU as the new telecom division of GE. GE would get the company cheap, probably a stock deal, and in a few years, after replacement of legacy manangement, could have the #1 or #2 player in the telecom equipment market (being #1 or #2 was a Jack Welch requirement, I presume it's still in effect). In addition, ALL divisions of GE would get the benefit of Bell Labs, spinning out materials science wonders like nobody else. GE would know how to capitalize on that in a way LU couldn't dream of. Redundant functions (HR, legal, accounting, IT, marketing, etc) could be combined for big savings. GE Capital could enhance equipment sales with financing options.
I think LU makes far more sense as a damn good division of GE, than it does as a starving independent telecom manufacturer.
But that's just idle speculation.
John |
