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To: yard_man who wrote (65037)	2/6/2001 1:20:57 PM
From: patron_anejo_por_favor	Respond to of 436258

<<How does the largest cap corp in the friggin' market buck the bear? It wouldn't be a bear, then>> Yep, it would be an entirely different animal. A sheep perhaps?<GGG>

To: yard_man who wrote (65037)	2/6/2001 1:22:25 PM
From: Shack	Respond to of 436258

Here's a gem from that article: GE is legitimately cheap on an earnings basis. Its price to 2001 earnings ratio is 36. They are allegedly growing at 14% annually. What am I missing here?

To: yard_man who wrote (65037)	2/6/2001 1:33:06 PM
From: oldirtybastard	Read Replies (2) \| Respond to of 436258

speaking of GE, here is the party line, via a friend of mine: Business Week ran a story suggesting that we will be laying off more than 75,000 employees. There are no such plans. > > There are four things that will impact the Company this year: > > 1) Some businesses will have to make volume-related adjustments (both up and down) in response to the economic climate. Each business will make its own determination in light of > the situation it sees. > > 2) Digitization is, in fact, sweeping through the Company. There will be improvements in productivity -- and better jobs created from this -- but there will be a modest impact > on employment. > > 3) The acquisition of Honeywell will create some redundancies -- but nothing in the neighborhood described by the media. > > 4) Montgomery Ward has gone through bankruptcy and will liquidate this year. Some 28,000 people will obviously be impacted as a result of this bankruptcy. > > I assure you there are no plans for any Company-wide actions. Some businesses will add as volume strengthens, others will contract in response to the economic climate. The best > thing for each of you to do is to speak directly with your manager about the situation in your business and any personal concerns you might have, and not be confused by > speculative reporting in the media. > Please communicate this to the rest of your groups. > Jack