Organization in focus has been General Electric Company (NYSE:GE), well-known as GE, and on being questioned by CNBC on its future prospects, vice president John Rice painted a rosy picture liberally doused with optimism. Much of his positive outlook was based on the fact that infrastructure as the company’s core business is likely to herald good things, especially when there are quite a few projects in the pipeline waiting to materialize. With a strong presence in 27 countries around the world, the management seems confident of being able to address present concerns.
On being reminded of recessionary times when GE Company (NYSE:GE)’s shares touched the rock bottom, Mr. Rice said that at present there was no such danger in sight and if it did lurk, then the company would take appropriate measures to emerge from it. While the 2008-2009 nightmare was warded off by slashing dividends, it is a policy that has held in good stead for the company all through the last six years when it has bounced back from the darkest side.
As far as its overseas presence is concerned, Mr. Rice was appreciative of China shaping up well as the second largest economy in the world and recording a growth figure of well over 7%. Europe has also been showing signs of recovery and there are positive vibes from India too wherein there is hope that the new government will channel substantial amount of capital for modernization projects. All of this, he claimed, could only add to GE Company (NYSE:GE)’s bottom line.
Mr. Rice was particularly appreciative of Alibaba and praised its founder John Ma eloquently for having conceptualized the idea and evolved it brilliantly over the months. He labeled Alibaba as an inherently Chinese business that has the potential to be much more and attributed its astounding performance to Jack Ma’s inspiring leadership as also the team spirit of its employees.
Last but not the least, he claimed that GE Company (NYSE:GE) was quite excited about having acquired Alstom and considered it to be a good fit courtesy of its trained and skilled employees. According to him, the deal is likely to be sealed mid-way into 2015 and will be an outcome of several loose ends being tied up.
This article has been writen by Vinita Basu.