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To: MythMan who wrote (10876)	12/11/1997 8:54:00 AM
From: Joan Osland Graffius	Read Replies (1) of 18056

Pete,>>If a one time gain shows up on their doorstep, you can bet it will be offset by restructuring charges. GE will not warn. I'm sure they have plenty tucked away to cover "surprises". Heck they covered Kidder debacle. Jack restructuring the industrial departments means they are not delivering. I was a manager at GE for part of my career!! I agree with you assessment that GE is healthy, heck 40% of their earnings come from the financial side of the house and they do not have to disclose their bad loans..i.e. banking accounting. They got through the last recession without disclosing a lot of sins. If these industrial departments are not delivering they will be on the chopping block. I suspect the jet engine boys are doing ok. Joan

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