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To: Les H who wrote (25444)12/17/2001 8:00:56 PM
From: The Freep  Respond to of 209892
 
Yes, Les, of course. But we're in the land of SPIN now, aren't we? Seems much easier to spin this as a positive than a negative. Of course, perhaps today's GE move was in relation to this "new" guidance.

the freep



To: Les H who wrote (25444)12/18/2001 12:10:12 AM
From: Wyätt Gwyön  Read Replies (2) | Respond to of 209892
 
re: GE,

and a lower estimate of long-term returns on pension assets.

reality seeps back in--how convenient that it happens to coincide with the GAAP goodwill freebie.

back before the bull market, when the long bond was at 10%+, GE's long-term return estimate was 5% or 6%...now that the long bond is under 6%, they have a double-digit pension estimate?

gotta love institutional memory.


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