Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: GoldBull no bug here who wrote (63937)	3/4/2009 12:52:59 PM
From: Proud Deplorable	1 Recommendation Respond to of 78419

"GE SCORES A PERFECT 10!" OMG!!!!!!! I don't know what's more frightening Shareholder Sues General Electric, Immelt Over Dividend Cut 12:00 EST Wednesday, March 04, 2009 NEW YORK -(Dow Jones)- A shareholder has sued General Electric Co. (GE) and several top executives, including Chief Executive Jeffrey Immelt, over statements made regarding GE's dividend before it was slashed last month. The lawsuit, filed Tuesday in U.S. District Court in Manhattan, alleges Immelt and others deceived investors regarding the payment of GE's quarterly dividend and caused investors to purchase the company's shares at artificially inflated prices. The complaint claims Immelt touted the company's strong commitment to investors in a Jan. 23 interview on CNBC, stating the company had made dividend payments for 100 years, had $48 billion in cash and its operating model would assure continued dividend payments at the same rate. "Immelt further stated that, from a capital standpoint, he believed payment of dividends to shareholders is the best thing to do for investors in view of GE's cash position," the lawsuit said. On Feb. 27, GE cut its quarterly dividend to 10 cents a share from 31 cents - the first time its dividend was reduced in 71 years. The lawsuit is seeking class-action status on behalf of all purchasers of GE stock between Jan. 23 and Feb. 27. The lawsuit was by Karen A. Christiansen, who purchased 800 shares of GE on Feb. 9. She is represented by law firm Harwood Feffer LLP in New York. A GE spokesman didn't immediately return a phone call seeking comment Wednesday. -By Chad Bray, Dow Jones Newswires; 212-227-2017; chad.bray@dowjones.com (END) Dow Jones Newswires 03-04-09 1159ET Copyright (c) 2009 Dow Jones & Company, Inc.

To: GoldBull no bug here who wrote (63937)	3/4/2009 1:08:42 PM
From: LLCF	Respond to of 78419

Nice job Jack Welsh. From hero to goat. Guess it wasn't so smart to turn a great manufacturing company into a highly leveraged bank in the midst of the greatest speculative frenzy in the history of the galaxy... huuummmm, but what do I know, and Jack is the guy who cashed in with all the options! DAK PS, I REALLY think they ought to have a look at changing some of the rules about how far back you can look into crimes. GE has "managed" earnings for 20 years or more... it was a joke in the EARLY 90's.