by es80ac
JayBee wrote:What I have read is that they have virtually no money for R&D and that they will have to borrow $6 billion just to fund the R&D and to pay the reduced dividend. The situation at GE is worse than was known by the market.It's kind of hard to believe. GE has always showed a profit in all the past yearly/quarterly reports as far as I can remember, even with the most recent bad quarter, only GE Power lost some money. So if the company has been making profits all along, where did the cash/money go?