Tuesday, June 06, 2017 11:37:26 PM
Your post said:
Just a couple of quick responses(almost my bed time).
1. Pretty sure the GE deal was $10 Billion not 14.
2. Alstom Contributed over $6 Billion to GE revenue the FIRST year alone and brought $28 Billion in backlog with them.
3. GE had already sold it's financial services business for $100 Billion so I don't think they were selling like madmen to find $10 Billion. And they ended the year with $70 Billion in cash and $45 Billion in receivables.
4. I work for a large multi-national ($30 Billion revenue) so I think I have a pretty good grasp on the culture and mindset thing of large corporations. Trust me, if we ever acquired tech worth Billions we would exploit it without hesitation. You make it sound like some manager snookered GE into making a lousy deal with Alstom and would be fired if some other group developed a multi $Billion market with some unknown tech that came with the deal. GE has hordes of really smart/ambitious engineers that would jump at the chance to do just that.
Regards
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