AUDIO – GE sees the problems … and the opportunities

February 24, 2009

On the first day of this year’s Reuters Manufacturing and Transportation Summit, one of the guests told us of the Chinese theory of the word “crisis” — the symbols for which are a combination of “problem” and “opportunity”.

On Tuesday, Vice Chairman John Rice told Reuters that both sides of the equation were in play for GE, but voiced confidence that the company would be able to hit its marks.

General Electric shares have had a tough run in 2009, but Rice’s comments — first reported by Reuters — did seem to turn the tide for GE on Tuesday, which had been lower on the day, but recently were 4 percent higher.

Rice, who runs GE’s Technology Infrastructure group, was one of the featured speakers at this year’s summit, which continues through Thursday in Chicago.

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