GE re planning business blueprint, lighting business is not included in the

According to the "CNNMoney" report, GE (GE-US) this year, the new CEO John Flannery unveiled a new path for enterprises in the future, will focus on the current leading position in the medical class, power class, and aviation products, and the lighting business is not included in the.

GE previously mentioned that in July this year, the lighting business group will sell off, the business currently accounts for 2% GE total revenue, while the performance of GE bulbs this year also fell 66%. However, for some investors, no lighting GE like do not supply the phone AT&T (T-US) or Chevrolet GM (GM-US).

GE on Monday (13 days) announced that it will cut the dividend, to $0.12 from the original $0.24, although the annual savings of $4 billion in cost, so closing price fell 7.17% to $19.02 per share, the lowest level in 5 years hit. GE shares fell 40% this year, while also reducing dividends to investors to transfer funds to more return on investment products.

A brief history of GE

It is understood that Addison invented the light bulb in 1879, a year after he set up his own company in 1892 selling light bulbs, and Thomson-Houson electronics company merged into today's GE.

In the beginning of 1892, GE no longer bulb manufacturing manual, but the use of the machine. In 1906, GE Engineer William Coolidge developed persistent and ultra bright bulbs, GE began selling in 1911.

In 1935, GE lighting began to illuminate the site for MLB MLB in 1938, invented the fluorescent bulb, LED bulb invented in 1962.

GE hopes to 2019 will no longer have the lighting business group.

Lighting group problem

LED bulb can be decades without replacement, although LED lamp business owned by GE group in 2007 to 2014 performance is good, but I'm afraid not too optimistic about the future revenue. GE hope that the future of the business group is a growth probability, stable income, and healthy cash flow.

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