It's just amazing how important GE Power Systems has become to this company, ... It really has allowed GE to maintain its earning growth.
When we listened to the third-quarter earnings (report), their credit card business was performing above expectations and they felt that that was going to mitigate the negative impact they were experiencing from their retail operation.
It seems that like almost every corporation is trying to get their funding needs done for the year, ... A lot of new issues coming to market and of course that puts a lot of pressure on rates.
You're seeing a return to traditional measures of value as investors become more focused on things like (price-to-earnings ratios), interest rates and earnings.
We think it's time for investors to be cautious about technology stocks.
Without [revenue growth from its] power systems [unit], there would have been no growth, and the question is, as it peaks, how fast will the other businesses rebound and make up for the power systems decline? ... It's going to make double-digit earnings growth tougher to come by in the next couple of years.
Many of the leading technology companies have shown solid sales and earnings growth since the economy began to improve in late 2001. While technology earnings have continued to grow and the stocks have remained flat or even dropped, we believe the prices of many of these companies are more attractive than we have seen in a long time.
When you work for a firm that is known for its outstanding service, it's quite an honor to be singled out for your service record.
We are not seeing the big slowdown but we are seeing some weakness around the edges showing the medicine is starting to take effect, ... And I don't think it's just psychological.
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