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Tuesday, November 14, 2006

GE India

GE wants investors to get excited about India. The big US conglomerate says that its revenue will grow 60% this year to $1.6 billion. GE has even said it is going to try to flog is people on the ground to get sales in India to $8 billion by 2010.

Oddly enough, no one seems to care. Even with all of the excitement, GE’s stock has come down from $36 a month ago $35.20. Maybe that is because with GE’s revenue worldwide runs about $150 billion, and investors have plenty of concerns to offset the happy India news.

Wall St.’s impression is that GE can put out a dozen press releases a day. The company still has businesses with next to know promise, lead by NBCUniversal. Dead wood compared to some of GE’s big industrial and infrastructure business.

Immeldt will have to sharpen the picture at GE or the shares are going to stay at $35.


Douglas A. McIntyre can be reached at He does not own securities in companies that he writes about.

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