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Nice background graphic when reporting on the SMU recruiting class during the 6:00 news

hahahahahaha

I just put in a sell order for my GE shares.

FIVE-O-FAN wrote:I just put in a sell order for my GE shares.

You should have sold years ago. GE subsidiary company continued to sell restricted technologies to Iran for the past 7 years in violation of various UN restrictions which resulted in killing US troops. Company is totally slimmy and run into the ground since retirement of Welch.

PoconoPony wrote:

FIVE-O-FAN wrote:I just put in a sell order for my GE shares.

You should have sold years ago. GE subsidiary company continued to sell restricted technologies to Iran for the past 7 years in violation of various UN restrictions which resulted in killing US troops. Company is totally slimmy and run into the ground since retirement of Welch.

You are correct that I should have sold years ago because the share price is a third of where I bought it. Your facts are not quite accurate and have been debunked time and again. Just to let you know though, I was actually just making a joke in response to the initial post. I am open to any other stock tips you may have though.

FIVE-O-FAN wrote:

PoconoPony wrote:

FIVE-O-FAN wrote:I just put in a sell order for my GE shares.

You should have sold years ago. GE subsidiary company continued to sell restricted technologies to Iran for the past 7 years in violation of various UN restrictions which resulted in killing US troops. Company is totally slimmy and run into the ground since retirement of Welch.

You are correct that I should have sold years ago because the share price is a third of where I bought it. Your facts are not quite accurate and have been debunked time and again. Just to let you know though, I was actually just making a joke in response to the initial post. I am open to any other stock tips you may have though.

No stock tip despite working for NASAAQ in NY for five years. Double check again you facts on GE overseas subsidiary companies selling restricted technologies. It is true na not debunked. Going to leave, JJ interview ongoing on CSCBS half time.

PoconoPony wrote:

FIVE-O-FAN wrote:

PoconoPony wrote:

FIVE-O-FAN wrote:I just put in a sell order for my GE shares.

You should have sold years ago. GE subsidiary company continued to sell restricted technologies to Iran for the past 7 years in violation of various UN restrictions which resulted in killing US troops. Company is totally slimmy and run into the ground since retirement of Welch.

You are correct that I should have sold years ago because the share price is a third of where I bought it. Your facts are not quite accurate and have been debunked time and again. Just to let you know though, I was actually just making a joke in response to the initial post. I am open to any other stock tips you may have though.

No stock tip despite working for NASAAQ in NY for five years. Double check again you facts on GE overseas subsidiary companies selling restricted technologies. It is true na not debunked. Going to leave, JJ interview ongoing on CSCBS half time.

Didn't mean to offend friend. The joke I was making was about a different, and hopefully less harmful, subsidiary company that has a colorful bird for their logo.

PoconoPony wrote:

FIVE-O-FAN wrote:I just put in a sell order for my GE shares.

You should have sold years ago. GE subsidiary company continued to sell restricted technologies to Iran for the past 7 years in violation of various UN restrictions which resulted in killing US troops. Company is totally slimmy and run into the ground since retirement of Welch.

I have no idea whether you are right or wrong on that. But, why would a company that makes billions upon billions of dollars on legitimate enterprises do something stupid and illegal like that? That would make no sense. Jeff Immelt: "Geez, we made $2bn last year on making airplane engines. We made $6bn from our financing arm. We made $3bn from our healthcare unit. Yet, knowing how well we do in those areas, I think we should get into the oh-so-lucrative business of selling technologies to countries like Iran."

What's next, Goldman Sachs knowingly financing guerrilla fighters in columbia? Don't be an idiot...

RushStPony wrote:

PoconoPony wrote:

FIVE-O-FAN wrote:I just put in a sell order for my GE shares.

You should have sold years ago. GE subsidiary company continued to sell restricted technologies to Iran for the past 7 years in violation of various UN restrictions which resulted in killing US troops. Company is totally slimmy and run into the ground since retirement of Welch.

I have no idea whether you are right or wrong on that. But, why would a company that makes billions upon billions of dollars on legitimate enterprises do something stupid and illegal like that? That would make no sense. Jeff Immelt: "Geez, we made $2bn last year on making airplane engines. We made $6bn from our financing arm. We made $3bn from our healthcare unit. Yet, knowing how well we do in those areas, I think we should get into the oh-so-lucrative business of selling technologies to countries like Iran."

What's next, Goldman Sachs knowingly financing guerrilla fighters in columbia? Don't be an idiot...

The answer is greed.

From the mouths of GE themselves.......they were doing business in Iran until last June:

http://www.ge.com/news/our_viewpoints/iran.html



I'm sure that we all believe that everything they were doing was on the up-and-up like they say!

And I'm sure that the constant media coverage, political pressure, and investors pulling out had nothing to do with them finally making the decision to pull out--even though they spent 3 more years "finishing up existing contracts."

huskerpony wrote:

RushStPony wrote:

PoconoPony wrote:

FIVE-O-FAN wrote:I just put in a sell order for my GE shares.

You should have sold years ago. GE subsidiary company continued to sell restricted technologies to Iran for the past 7 years in violation of various UN restrictions which resulted in killing US troops. Company is totally slimmy and run into the ground since retirement of Welch.

I have no idea whether you are right or wrong on that. But, why would a company that makes billions upon billions of dollars on legitimate enterprises do something stupid and illegal like that? That would make no sense. Jeff Immelt: "Geez, we made $2bn last year on making airplane engines. We made $6bn from our financing arm. We made $3bn from our healthcare unit. Yet, knowing how well we do in those areas, I think we should get into the oh-so-lucrative business of selling technologies to countries like Iran."

What's next, Goldman Sachs knowingly financing guerrilla fighters in columbia? Don't be an idiot...

The answer is greed.

From the mouths of GE themselves.......they were doing business in Iran until last June:

http://www.ge.com/news/our_viewpoints/iran.html



I'm sure that we all believe that everything they were doing was on the up-and-up like they say!

And I'm sure that the constant media coverage, political pressure, and investors pulling out had nothing to do with them finally making the decision to pull out--even though they spent 3 more years "finishing up existing contracts."

What you just posted is far different and far more legal than what I was originally responding to. The original claim was that GE was doing illegal and slimy business with Iran directly. Your link, which was much appreciated, shows that GE does business in the country of IRAN, which is different than doing business WITH Iran. Are we going to scold Coke and Pepsi because those products are sold there?

And to be honest, I don't think greed is the right term. Based on that, any company doing business in places like Iran is greedy, which isn't entirely true. I would call it more opportunistic expansion of business....

I believe that the economic sanctions, of which the US is a party to, do not allow US and European companies to do business IN Iran. That is kind of the point--to put economic pressure on the entire country in an effort to coerce a government to stop doing whatever it is you want them to stop doing.

So, yes, doing business in Iran--even if not with the government--is illegal for a US comapny because it is providing products, services, and economic stimulus to a country that our government is trying to prevent those things from happening. Whether or not this is good or bad as a matter of policy, I don't know the answer--but it is not a matter for the CEO of GE to decide whether or not to abide by laws that affect our foreign policy. If he doesn't like it, he needs to try to get the policy changed or go work for a company in a country that is not restricted by these sanctions.

I also don't know the answer to whether or not GE actually broke any laws. They say they didn't. Roger Clemens says he didn't take steroids too. From all appearances, however, it certainly looked like AT MINIMUM they skirted around the edges to milk every last penny out of Iran that they could before they shut down their operations there. Terrible PR move at the very least.

huskerpony wrote:I believe that the economic sanctions, of which the US is a party to, do not allow US and European companies to do business IN Iran. That is kind of the point--to put economic pressure on the entire country in an effort to coerce a government to stop doing whatever it is you want them to stop doing.

So, yes, doing business in Iran--even if not with the government--is illegal for a US comapny because it is providing products, services, and economic stimulus to a country that our government is trying to prevent those things from happening. Whether or not this is good or bad as a matter of policy, I don't know the answer--but it is not a matter for the CEO of GE to decide whether or not to abide by laws that affect our foreign policy. If he doesn't like it, he needs to try to get the policy changed or go work for a company in a country that is not restricted by these sanctions.

I also don't know the answer to whether or not GE actually broke any laws. They say they didn't. Roger Clemens says he didn't take steroids too. From all appearances, however, it certainly looked like AT MINIMUM they skirted around the edges to milk every last penny out of Iran that they could before they shut down their operations there. Terrible PR move at the very least.

One of the problems is that GE is so massive that a guy like Jeff Immelt might find out after the fact that GE is doing business there. Running GE is like being the President of a medium sized country. From that link, though,it's obvious that they are winding down their interests there.

Again though, are you saying that--by definition-- Pepsi is doing illegal business there because you can buy a can of Pepsi in Iran? Although we have restrictions and limitations on Iran, I believe the country still receives some imports from western countries, and in addition, also exports oil to some western countries...

nerds

huskerpony wrote:I believe that the economic sanctions, of which the US is a party to, do not allow US and European companies to do business IN Iran. That is kind of the point--to put economic pressure on the entire country in an effort to coerce a government to stop doing whatever it is you want them to stop doing.

So, yes, doing business in Iran--even if not with the government--is illegal for a US comapny because it is providing products, services, and economic stimulus to a country that our government is trying to prevent those things from happening. Whether or not this is good or bad as a matter of policy, I don't know the answer--but it is not a matter for the CEO of GE to decide whether or not to abide by laws that affect our foreign policy. If he doesn't like it, he needs to try to get the policy changed or go work for a company in a country that is not restricted by these sanctions.

I also don't know the answer to whether or not GE actually broke any laws. They say they didn't. Roger Clemens says he didn't take steroids too. From all appearances, however, it certainly looked like AT MINIMUM they skirted around the edges to milk every last penny out of Iran that they could before they shut down their operations there. Terrible PR move at the very least.

This is the correct interpretation of the UN sanctions. It is all about restricted technologies that facilitate Iran's military and ability to advance their nuclear weapons development programs. It is not about drinking Cocoa Cola or more appropriately Kool Aid for that thread analogy.

as usual, you guys managed to get so off subject on something that was meant to be funny. get a handle on things.

i haven't seen another message board that manages to get so far from the original subject matter on a post.