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> Immelt talked about making GE a “top 10 software company” I thought this was interesting in particular. After years of cutting back on R&D, Immelt makes a t
by sevensor 9y ago
> Immelt talked about making GE a “top 10 software company”
I thought this was interesting in particular. After years of cutting back on R&D, Immelt makes a top-down push in a direction that GE had allowed to lie fallow for decades, into a market already dominated by strong competitors. Why not play your strengths? GE's days as a computing pioneer are so long gone, they're practically lost to memory.
- WorldMaker 9y agoI still don't understand the spin-out/carve-out of GE Appliances. The most consumer-facing strength of the company and one of the few profit centers that remained profitable across centuries of industry. (GE Appliances is now just the US arm of Chinese conglomerate Haier. Similar to IBM carving out so much of their hardware and selling it to Lenovo for short-term gains and what may prove to be long-term mistakes.)