phiwong t1_izrpczj wrote
Calling GE an appliance company is like calling Apple an earbud company.
It is/was one of the largest maker of electric power generation, defense stuff (like most of the engines in submarines, aircraft carriers, jet engines etc), medical equipment, plastics, communications etc. It pioneered many industries. NBC (one of the big 3 TV broadcasters today) was formed by GE.
GE, in its day, was THE company in the USA. In 2000, GE was the largest market cap company in the world.
beetus_gerulaitis t1_izs39m7 wrote
And the Tracy Jordan meat machine (tm).
lasertitsnow t1_izuwlbb wrote
GE blew it by getting into finance. With factories all over the world able to make nearly any complex machine the value of GE was stable and undeniable, a blue chip stock. Getting into finance tied GE to the ups and downs of financial markets.
[deleted] t1_izvfnkx wrote
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