GE Continued

GE Corp's still cannot pry itself lose from having to associate itself with GE Appliance, the people who actually work for a living and make things,

so says the Economic Times of India.  The Times reports that there are many reasons why global appliance brands are steering clear of a GE Appliance investment, but it's clear that the key reason is that a really stupid investment at a 1.5 Euro exchange doesn't get any brighter at 1.25.

We at ApplianceAdvisor.com first reported on GE Corp's obsession with its appliance division in September 2005. 

We returned to the subject again in May 2008 with the latest cycle.

In June, 2008, we predicted the news for June 2009
"GE appliances languishes unsold like a Florida condo.  Its perceived value falling faster than GE can adjust its selling price."

How could our prediction be so late?

December 2, 2008
Learning how to use all the website's new tools for the first time, we put a poll question out there on GE's future.  A paltry 25 of you chirped up to vote in the 2 - 3 weeks it was up.  Here are the poll results:

POLL QUESTION: What's the future for GE Appliances?
Sold to LG                             8%
Sold to Haier                         4%
Sold to Arçelik                     0%
Sold to Samsung                  0%
Sold to Mabe                        28%
Sold to Iranian investors    8%
Spun off as an independent company
                                                 20%
It ain't going anywhere    32%
Total votes:   25