https://www.google.com/amp/s/www.cnbc.com/amp/2019/03/27/ge-likely-to-further-break-up-the-struggling-power-business-rbc-says.html
8 replies (most recent on top)
It's kind of hard to keep making $$$ on parts and services when the turbines keep ending up rekt.
Someone must of hit a nerve.....
Long live Alstom
But who would talk to us about sports and Maui?
You are smoking crack if you think fossil fuels need to go away.
The cards were already planned When Culp mentioned two difference P&L ‘s for power.
Leadership is looking to unload parts of Alstom. The GT business will remain as GE would like to continue making $$ on parts and services
Yhvc3Fz-crt....If you actual read the article, you'll see that GE would keep the gas turbine business, but most analysts have been off on GE. Don't believe it until Tusa says it.
If indeed confirmed, all signs seem to point to a complete breakup as the end game.
Good. Fossil fueled gas turbines need to go away to make room for more renewable powergen. Good on GE for getting rid of these pollution belching dinosaurs.