Researchmaterial zur General Electric - 500 Beiträge pro Seite

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Dieser Thread soll Researchmaterial für die Aktie General Electric bieten. Fangen wir mit einer charttechnischen Betrachtung an:
http://clearstation.etrade.com/cgi-bin/details?Symbol=ge&Ref…

Die Indikatoren zeigen eindeutig einen überkauften Zustand an. Es könnte zur einer technischen Gegenbewegung kommen.

Udo
http://www.cologne.brokers.de

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Der Mischkonzern General Electric Co. teilte am Mittwoch mit, dass seine Plastik-Sparte in Asien bis 2003 rund 100 Mio. Dollar investieren wird, um ihre Aktivitäten auszubauen und dem erwarteten Nachfrageanstieg über die nächsten Jahre gerecht zu werden.

Mindestens die Hälfte der Investitionssumme von GE Plastics fließt hierbei nach China, da diese Region für über 50 Prozent der Umsätze der Sparte in Asien verantwortlich ist, so Wayne Hewett, President von GE Plastics in Asien.

Hewett gab zudem bekannt, dass er in Asien in den nächsten drei bis vier Jahren mit einem Nachfragewachstum bei Plastik von 15-20 Prozent rechnet, was vor allem mit der boomenden chinesischen Wirtschaft zusammenhängt.

In 2001 verzeichnete die GE-Sparte eine Umsatz von 5,0 Mrd. Dollar, was einem Anteil von rund 5 Prozent am gesamten Konzernumsatz entspricht. Für den Rest des Jahres, so General Electric, sollte GE Plastics Gewinne erzielen können.

Die Aktie von General Electric beendete den Handel gestern an der NYSE bei 31,95 Dollar (-0,37 Prozent).

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General Electric To Boost `05 China Procurement To $5 Billion
Thursday August 29, 7:29 am ET

BEIJING -(Dow Jones)- General Electric Co. (NYSE:GE - News) will increase the value of its annual local procurement in China to $5 billion by 2005, state media reported Thursday.

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The locally procured equipment will include medical systems, lighting and aircraft engines that GE will use in projects worldwide, official Xinhua News Agency reported, citing GE Hydro Asia Pacific President F.L. Leow.

The report didn`t specify the current value of GE`s local procurement in China.

The projected increase in local procurement levels follows GE`s decision in June to relocate the regional headquarters of its plastics division to China from Japan.

The move is an attempt to double the unit`s China sales to $1 billion within three years.

The company is also reportedly in talks that could lead to three major acquisitions in China this year.

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General Electric kombiniert Geräte- mit Beleuchtungs-Sparte

Die General Electric Co. gab am Donnerstag bekannt, dass sie derzeit ihre Sparte für Konsumgeräte (Appliances) mit ihrem Beleuchtungs-Geschäft (Lighting) im Zuge einer Konsolidierung kombiniert, um Kosten zu senken und das Management zu rationalisieren.
Die neue Sparte, GE Consumer Products, wird einen Jahresumsatz von über 8 Mrd. Dollar erwirtschaften und ihren Hauptsitz in Louisville, Kentucky haben. Die Hauptaktivitäten bleiben jedoch in Cleveland, Ohio angesiedelt.
Dem Konzern zufolge wird James P. Campbell, derzeit CEO von GE Appliances, President und CEO der neuen Sparte. Matthew Espe, CEO von GE Lighting, verlässt das Unternehmen und wechselt zu IKON Office Solutions (NYSE: IKN - Nachrichten) .

Die Aktie von General Electric (NYSE: GE - Nachrichten) verliert an der NYSE aktuell 3,04 Prozent auf 30,35 Dollar.

Grüße aus Kölle
Udo
http://www.cologne-brokers.de

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RESEARCH ALERT-Worries surface over GE 2003 profits
Thursday August 29, 12:00 pm ET

NEW YORK, Aug 29 (Reuters) - Reduced pension fund income and weaker aircraft engine sales at General Electric Co. (NYSE:GE - News) have some Wall Street analysts worried that the conglomerate won`t be able to hit the consensus profit forecast for 2003.

Lehman Brothers on Thursday said it cut its 2003 earnings estimate for GE, citing expectations for lower pension income, weaker aircraft engine and power systems results and the costs of expensing stock options.

In a research note, analyst Robert Cornell lowered his estimate for GE`s 2003 earnings per share to $1.76 from $1.81.

Cornell said he expects GE`s pension income, a perennial contributor to earnings, to be about $300 million lower next year, trimming earnings per share by 2 cents.

GE`s pension plan is fully funded, but the company has cut its projected rate of return to 8.5 percent this year from 9.5 percent in 2001. Pension plan assets also have dropped.

Cornell said GE`s recent decision to begin treating stock-option compensation as an operating expense would cost it a penny per share.

The remaining 2 cents per share of his reduction comes from GE`s aircraft engine and power systems segments, Cornell said, saying recent developments in those markets prompted the adjustments.

"Recovery of the airline passenger traffic has somewhat abated in the past several months," which Cornell said does not bode well for GE`s spare parts and maintenance business. The so-called aftermarket segment generally produces high profit margins.

The cut brings Lehman`s view a nickel below the average estimate among Wall Street analysts, which currently is $1.81, according to research firm Thomson First Call. The only other brokerage with an estimate as low as $1.76 is William Blair & Co., according to Multex, another research firm.

Nevertheless, Cornell said GE`s earnings could benefit from acquisitions that add to profits immediately.

Morgan Stanley analyst Scott Davis said he expects GE to earn $1.79 a share in 2003, but acknowledged there is a downside risk to market expectations for GE earnings.

But Davis said he is waiting to review September order data and other economic indicators before revisiting his GE estimate.

"I`m looking for anything that gives us more clarity on a double dip recession," Davis said. "Hitting those numbers relies on the strength of the overall economy."

GE shares fell 89 cents, or 2.84 percent, to $30.41 in morning trade on the New York Stock Exchange. After hitting 3 1/2-year lows in the market sell-off in late July, GE shares have risen about 26 percent.

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Die General Electric Co. beabsichtigt, in China jährlich Produkte im Wert von 5,0 Mrd. Dollar bis 2005 einzukaufen, so eine Unternehmenssprecherin am Freitag.

Der US-Konzern, der in China bis 2004 oder 2005 zudem einen Jahresumsatz von 4-5 Mrd. Dollar anstrebt, benötigt demnach eine Reihe von Produkten für seine verschiedenen weltweiten Aktivitäten, die sich von Flugzeugtriebwerken über Energiesysteme bis hin zu Glühbirnen und Geräten erstrecken.

Die Aktie von General Electric schloss gestern an der NYSE bei 30,35 Dollar.

[tradingfuchs]

General Electric ist m.E. nach den Verlusten der letzten Tage wieder ein Kauf. V.a. kurzfristig, aber mittelfristig ist der Trend noch intakt.

Der dargestellte Trendindikator ist wieder relativ negativ und könnte bald ein antizyklisches Signal liefern. GE konnte sich die letzten 5-Monate überdurchschnittlich entwickeln, ist aber gegenüber dem Markt kurzfristig zurückgeblieben.
Der kurzfristige Bollinger-Indikator auf http://www.traducer.de/star/include/abal_c.htm liefert bereits ein Signal (heisst dort K/GD-7).

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ABB sells finance business to GE for $2.3 bln in cash
Wednesday September 4, 11:28 am ET

By Knut Engelmann


(Adds fresh reaction, analyst quotes, bonds, ratings agencies)
ZURICH, Sept 4 (Reuters) - ABB (ABBZn.VX) will sell most of its leasing and financing business to General Electric Co`s Commercial Finance unit for $2.3 billion in cash, the industrial group said on Wednesday, boosting its ailing shares.

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The cash payment of $2.3 billion will let ABB cut its $5.2 billion debt mountain to a more manageable $2.9 billion. But Europe`s biggest industrial engineer still struggles with a weak balance sheet and claims by former workers exposed to asbestos.

As part of the widely expected deal first reported by Reuters last month, the GE (NYSE:GE - News) unit will acquire assets worth about $3.8 billion from ABB`s Structured Finance unit, including outstanding loans and leases worth some $3.4 billion.

That is about 80 percent of the total portfolio, which includes everything from power stations to copy machines.

"They are going to be on much safer ground now," said UBS Warburg analyst Michael Hagmann in London. "But it is still a gigantic job to restructure the company and margin improvements are still needed."

In March, the group dodged a liquidity squeeze by drawing down $3.0 billion in bank credits which it had to renegotiate at expensive terms. It later issued a 500 million euro bond and a 200 million sterling bond to replace part of this money.

ABB had aimed to sell all or most of the business before the end of September. The sale to GE had been rumoured for weeks, but ABB sources said the announcement had been held up by the huge volume of documents that teams of lawyers had to pore over.

The unit has over 2,000 individual clients, large and small.

Investors reacted with relief, and ABB`s battered shares surged as much as 16 percent on news of the deal before settling down, trading 11.2 percent higher at 8.51 francs at 1445 GMT. The shares had lost about half their value this year amid worries over ABB`s precarious finances.

ABB bonds also rose sharply on the deal.

"At first sight, this is better than expected," said Claude Zehnder, analyst at Zuercher Kantonalbank. "They have solved most of their debt problem, although other problems remain."

Both Moody`s and Standard & Poor`s rating agencies said ABB`s ratings would not be affected by the deal, adding there was still plenty of uncertainty over ABB`s future -- both in terms of potential asbestos claims and its profit margins.

CASH BONANZA

GE Commercial Finance will pay about $400 million for Structured Finance equity, representing a discount of two percent on the underlying book value of the portfolio.

The GE unit will also pay ABB $1.9 billion to cover the Structured Finance unit`s net debts. It will assume other liabilities worth $1.2 billion, ABB said.

"The sale of Structured Finance is an important step in our ongoing programme to strengthen the balance sheet, and allows us to cut net debt by $2.3 billion," ABB President and Chief Executive Joergen Centerman said in a statement.

A two percent discount on the loan and lease portfolio -- far below the 10 percent discount expected by most analysts -- plus transaction costs and commissions, will result in a book loss of about $125 million, ABB said.

But it added this amount would not affect its EBIT operating profit this year. ABB said it still expected an EBIT operating margin of four to five percent this year and revenues steady around last year`s $23.7 billion.

Jens Jantzen, an analyst at Bear Stearns in London, said the amount of debt reduction was in line with expectations. "That is good news and it is very good news that the company is reaffirming its EBIT margin targets," he added.

ABB`s financial advisory business, ABB Export Bank, a 35 percent stake in Swedish export credit agency SEK as well as the group`s aircraft leasing business are not included in the GE deal. But a sale of those parts is still on the cards.

Chief Financial Officer Peter Voser said ABB will sell another $100 to $200 million in real estate assets this year.

"We said we would sell our real estate portfolio of $400-$500 million before the end of the year. We sold our Swedish real estate for some $300 million, the rest will follow," he told a conference call with reporters.

ABB said it will use the Structured Finance sale`s proceeds to repay scheduled debt due in the fourth quarter of the year, when it expects to complete the deal, including its revolving credit facility, commercial paper and bonds, totalling about $1.2 billion. The rest would be used to repay debt mainly coming due next year.

GE Commercial Finance is one of four parts of the former GE Capital division which was restructured at the end of July in the first major overhaul by Chief Executive Jeff Immelt. (Additional reporting by Jon Cox, Nieck Ammerlaan and Tom Armitage in Zurich, Marcel Michelson in London, and Madeline Chambers in Frankfurt)

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05.09.2002
General Electric "buy"
Salomon Smith Barney

Die Analysten vom Investmenthaus Salomon Smith Barney stufen die Aktie von General Electric (WKN 851144) unverändert mit "buy" ein und sehen das Kursziel weiterhin bei 38 US-Dollar.

General Electric wolle den Großteil der Structured Finance-Aktivitäten des Industrietechnik-Konzerns ABB für 2,3 Milliarden US-Dollar in bar erwerben. Der Preis setze sich aus einer Barkomponente von 400 Millionen US-Dollar und einer Schuldenrefinanzierung von 1,9 Milliarden US-Dollar zusammen. Der effektive Kaufpreis von 400 Millionen US-Dollar entspreche einer attraktiven Multiple von weniger als dem einfachen Buchwert. Das Geschäft dürfte dem Nettogewinn in 2003 zusätzliche 50 bis 80 Millionen US-Dollar oder einen halben Cent zum EPS hinzufügen.

Der Deal passe gut zu GE`s Commercial Finance Geschäft und vergrößere die Reichweite und das Produktangebot in Europa, insbesondere in den skandinavischen Ländern und Italien. Die Gewinnschätzungen je Aktie für 2002 und 2003 würden mit 1,65 bzw. 1,78 US-Dollar beibehalten.

Vor diesem Hintergrund bleiben die Analysten von Salomon Smith Barney bei ihrem Votum "kaufen" für die Aktie von General Electric.

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General Electric: Welch nutzt keine Vergütungen mehr
16.09.2002 14:45:00



Wie Jack Welch, der ehemalige CEO der General Electric Co. (GE), am Montag bekannt gab, hat er die freie Nutzung von firmeneigenen Flugzeugen, eines firmeneigenen Appartements sowie weiteren Vergütungen im Rahmen seines Ausscheidens beim US-Mischkonzern eingestellt, nachdem er sich seit der Enthüllung dieser Vergütungen mit Kritik konfrontiert sah.
Welch, der in 2001 nach 21 Jahren als Chairman bei GE zurückgetreten ist, äußerte sich nun in einem Brief an das Wall Street Journal, das zuvor über entsprechende Vergütungen berichtete, die im Scheidungsprozess von Welch und seiner Frau Jane Beasley ans Tageslicht kamen. In diesem teilte er mit, dass er GE gebeten hat, seinen Abfindungsvertrag dahingehend zu ändern, dass sämtliche Vergütungen bis auf die traditionelle Büro- und Verwaltungsunterstützung - die seit Jahrzehnten jeder ausgeschiedene Chairman und Vice Chairman von GE erhält - eliminiert werden.

Welch zufolge wurde diesem Wunsch vom GE-Vorstand, angeführt vom derzeitigen CEO und Chairman Jeff Immelt, letzte Woche entsprochen.

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General Electric Names Two New Officers
Thursday September 19, 2:30 pm ET


FAIRFIELD, Conn.--(BUSINESS WIRE)--Sept. 19, 2002--General Electric has announced the appointment of two new company officers.
Brian Gladden, 37, is Vice President, Finance for GE Plastics, serving in this role since August 2002. Gladden joined GE in 1988. A graduate of GE`s Financial Management Program, he has also spent five years on the Corporate Audit Staff, and has held positions in engineering, finance, and business development at GE Aerospace, GE Medical Systems and GE Plastics. He holds a B.S. in Finance from Millersville University.

Dee Mellor, 45, is Vice President and General Manager, Global Supply Chain at GE Medical Systems. She assumed this role in September 2002. Mellor joined GE in 1978, graduating from GE`s Manufacturing Management Program (MMP). She has held various leadership positions at GE Aircraft Engines and GE Medical Systems during her 24-year tenure. She is a 1978 graduate of the University of Massachusetts, with a B.S. in Industrial Engineering/Operations Research.

GE (NYSE: GE - News) is a diversified technology and services company dedicated to creating products that make life better. From aircraft engines and power generation to financial services, medical imaging, television programming and plastics, GE operates in more than 100 countries and employs more than 300,000 people worldwide. For more information, visit the company`s Web site at http://www.ge.com



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Contact:
General Electric, Fairfield
Nancy Elder, 203/357-3508
[e-mail]



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Source: General Electric

[Knallarsch]

GE leidet heute unter einem Downgrade.
Meine Verwunderung ist gross.
Wie kann ein Analyst eine Firma für 2003 runterstufen, wenn diese in 2 Wochen die aktuellen Zahlen veröffentlicht?
Hier wird der Markt verfälscht.