Solving GE's big problem
Should the world's biggest conglomerate break itself up?
PERHAPS growth at General Electric (GE) is starting to slow. Shareholders have bet on it all year, driving down the share price of what is still the world's second most valuable firm to nearly 60% below its peak in August 2000. Wall Street's ever-bullish analysts have begun to agree: five of the 14 analysts tracked by First Call, a research firm, rate GE stock a “hold” (translation for non-Wall Streeters: “sell”). Now, even the firm's protests seem to be losing force. GE may at last be preparing itself for a refreshing burst of honesty.
This article appeared in the Business section of the print edition under the headline “Solving GE's big problem”
From the October 26th 2002 edition
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