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Industrials

Good News For GE (GE): Siemens See Stimulus Revenue

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By Douglas A. McIntyre Updated Published
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It should be considered significant good news for GE (GE) that Siemens (SI) says its revenue from global stimulus packages would be huge. According to Reuters, the conglomerate claims that it expects new orders due to efforts to improve the economy to be close to $31 billion. Much of this money will be spent on so-called “green” initiatives.

GE is a champion of environmentally friendly projects which fall under its “ecomagination” programs. GE’s revenue benefit ought to be greater than Siemens because of the relative sizes of the firms.

GE’s stock has been stuck around $12 for the last two months, down from a 52-week high of over $30. The company needs one or more catalysts to revive investor interest. GE’s shares have dropped almost 25% over the last six months while the DJIA and Siemens have been flat.

Most of the trouble with GE’s stock has come because of a fear of write-offs at its large financial services business, although the unit has performed as well as the company had forecast.

If GE’s income from the global efforts to repair the economy can track Siemens, investors in the company may be able to get out of the mud.

Douglas A. McIntyre

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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