GE wants investors to get excited about India. The big US conglomerate says that its revenue will grow 60% this year to $1.6 billion. GE has even said it is going to try to flog is people on the ground to get sales in India to $8 billion by 2010.Oddly enough, no one seems to care. Even with all of the excitement, GE’s stock has come down from $36 a month ago $35.20. Maybe that is because with GE’s revenue worldwide runs about $150 billion, and investors have plenty of concerns to offset the happy India news.Wall St.’s impression is that GE can put out a dozen press releases a day. The company still has businesses with next to know promise, lead by NBCUniversal. Dead wood compared to some of GE’s big industrial and infrastructure business.Immeldt will have to sharpen the picture at GE or the shares are going to stay at $35.Forever.Douglas A. McIntyre can be reached at [email protected]. He does not own securities in companies that he writes about.
GE India
Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.
McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.
His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.
A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.
TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.
McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.
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