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To: Glenn D. Rudolph who wrote (146505)	8/30/2002 12:27:39 PM
From: H James Morris	Respond to of 164684

Tom lucked out. He might have got laid off by GE.<vbg> ASSOCIATED PRESS August 30, 2002 HARTFORD, Conn. – General Electric Co. is merging its lighting and appliance divisions, two of its best-known product lines, into an $8 billion consumer products business, as chairman Jeff Immelt continues reshaping the conglomerate. The combination should save money and further simplify operations, Immelt said. "Because appliances and lighting have powerful connections with similar consumer bases, we believe they will now be able to grow more successfully together than either would on its own," Immelt said in a news release. "We want to create a simpler, more efficient business that will be competitive across all product lines." Merging consumer products divisions is the second major change Immelt has implemented in as many months as he reorganizes the Fairfield-based company he took over from legendary CEO Jack Welch a year ago. In July, Immelt announced a reorganization of GE Capital that split the financial-services giant into four divisions. "It looks to me like another bold move for Jeff Immelt. Makes sense," said analyst Scott Davis of Morgan Stanley. "Both businesses are selling to consumers, both businesses have below-average margins at the firm, and certainly there appears to be some synergies in putting the two businesses under one management structure," Davis said. The company said the new unit, GE Consumer Products, will be headquartered in Louisville, Ky., where about 6,000 workers produce washing machines, dishwashers and refrigerators. The division will keep a substantial presence in Cleveland, which has been home to the lighting operations. Kim Freeman, a GE spokeswoman in Louisville, said the merger likely will lead to job reductions, primarily within the salaried ranks, but she said it's too soon to say how many. Shares of GE fell 95 cents, or about 3 percent, to close at $30.35 on the New York Stock Exchange.

To: Glenn D. Rudolph who wrote (146505)	8/31/2002 5:53:56 AM
From: 10K a day	Respond to of 164684

> Ok.."screw" any possiblity of profits LOL. What a firm! Well i just woke up from a bad dream. I thought the woman was grabbing my neck from behind. And trying to choke me. So i got up. I can't sleep from too many glasses of tea with my chicken marinara. But anyway. Other than the fact i'm totally paranoid with my internet connection at work suddenly blocked from specific sites when the guy at the other end of the T1 line says there is nothing wrong with the network. And I shaking my head trying to figure out how the DNS server is selectively blocking or hiccupping me and why my node (settings) is suddenly changing all by itself. But anyway. This is enough to make anyone paranoid. Message 17936404 But with that said. One thing which really concerns me is some guy on another thread talking about the concept of "FREE CASH FLOW" and telling me that it's defined as revenue minus expenses. And i totally scratching my head at that because....WELL...I'm not an accountant...but i thinking....WHAT THE HECK IS THAT....cause i always thought FREE CASH FLOW was like...What you got when your P.G. and E bill is 1,000 dollars....and your SBC pacific Bell bill is 1000 dollars...and you sending them 200 dollars EACH and that's the best you can do. And you take the rest of the money and you buy CURTAINS or something. I thought that's what FREE CASH FLOW is.... But once again. My disclaimer is I ain't no accountant and never claimed to be . In fact, up until last year i running a double ledger simply accounting program that goes all the way back to 1991....and every year i take my printout in to my accountant and he scratch his head...and say...Yah....No problem.... So don't ask me what FREE CASH flow is all about....Cause i can't pay my electric bill....if you know what i'm sayin'...