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Strategies & Market Trends : Waiting for the big Kahuna

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To: James F. Hopkins who wrote (13075)	1/12/1998 2:15:00 PM
From: Joan Osland Graffius	Read Replies (1) of 94695

Hi James, Re: GE. My post was refering to GE's behavior since before WWII. You are correct that GE is a different company, but in someways the same. GE has continued to be a company that holds the fastest growing high profit industries at any given point in time and insures they are number one or two in these industries. As the US economy has changed so has GE. Right now somewhere close to 40% of their profit come from the financial side of the house and they are moving to increase the entertainment (TV, etc.) side of the house. As Jack recently noted he was restructuring the industrial side of the house and in the past this has been the start of selling off non performing businesses. I was a manager at GE during my career and was in a part of the business where we made obscene profits and when the cycle was over the business was sold--for a nice profit. Now GE has some advantages over banks as far as reporting and regulation on the finance side of the house and during the S&L crises they did not have to take a market swing like the banks did. As long as they can charge 21% on credit cards they will be fine.<ggggg> Joan

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