By George Bocchetti, Philip Song, and Sundeep Kutumbaka Yay GE…Shay PC

 Our recommendation: BUY limit at 16.00

 GE has technology, media, and financial services  GE started in 1876 by Thomas Edison, who founded the Edison General Electric Company  Through various mergers that became General Electric as we know it today  GE is listed in the Dow Jones  It is the world’s third largest company as of September 30, 2008(Market cap)  Headquarters in Fairfield, Connecticut

 From household appliances to power plants, General Electric is plugged in to businesses that have shaped the modern world.  The company produces:  Transportation equipment for aircrafts, automobiles, and locomotives.  kitchen and laundry appliances.  Lighting, electric distribution and control equipment, including generators and turbines.  Medical imaging equipment.  GE is also one of the main financial service companies in the U.S., with business in commercial finance, consumer finance, and energy financial services.

 Current Price: $17.55  P/E Ratio: 8.36  F P/E Ratio:  Beta: 1.01  Dividend: $0.31  Dividend Yield: 7.07%  EPS: 2.10  52-Week Low: $12.58  52-Week High: $38.52  Market Cap:$184.20B  Institutional Ownership: 54% Stats as of 12/04/08

 Revenue of 2007 was $172, 738 million  Profit was $72,807 million  Target Price: $23.00  November 13, 2008: CEO and Vice Chairman bought $1,570, worth of GE shares, or 100,000 shares  October 1, 2008: Directors bought 5867 shares

 Currently just submitted bids for hydroelectric power projects along with Plutonic Power of Canada  November 26, 2008: GE Money India cut costs and restructured business model to adapt to financial state  November 20, 2008: Began work with Transformational Medical Technologies Initiative (TMTI) to make virtual human that will help drug design(Contract awarded by Department of Defense)  November 19, 2008: Installed plant at South Africa Sasol facility  October 1, 2008: Buffett invested $3 billion in GE

 Our recommendation: SELL SHORT limit at $12.00

 Panasonic manufactures electronic devices and appliances in an array of business areas  Founded in 1918; its first product was a duplex lamp socket. It then began producing devices such as bicycle lamps, electric irons, and motors.  After WWII it supplied Japan with bicycles and radios  The founder’s brother started Sanyo as a supplier to Panasonic, Sanyo is now a competitor  Headquarters: Kadoma, Japan

 PC is engaged in the production and sales of electronic and electric products.  Panasonic offers a multitude of different products for business, industrial, and consumer use.  Most products bear the Panasonic brand name. Some regional brand names include:  “National” for household electronics sold in Japan  “Technics” for high-fidelity systems

 The Company’s segments comprise audiovisual connection networks, home appliances, components and devices, Matsushita Electric Works, Ltd. (MEW) and PanaHome Corporation.  In August 2007, Victor Company of Japan Ltd. (JVC) and its consolidated subsidiaries became associated companies from Matsushita’s consolidated subsidiaries.

 Current Price: $11.06  P/E Ratio: 7.14  F P/E Ratio: Unpredicted  Beta: 0.97  Dividend: $0.23  Dividend Yield: 4.26%  EPS: 1.55  52-Week Low: $11.29  52-Week High: $24.38  Market Cap:$22.90B  Institutional Ownership: 6% Stats as of 12/04/08

 Downgraded to sell on November 27 th.  Net profit forecast for this year is down 40%.  Net profit forecast for 2009 slashed by 90%.  Rival Sanyo Electric Corporation gaining leverage over most of its sales.  Panasonic is trying to get a stake in Sanyo but is competing with Goldman Sachs.  Sales of Panasonic televisions expected to drop 10% more by the end of this year.

 - Nov 30. Director of Panasonic Slashes 2009 profit forecast by 90%.  hOa0QumDikk&refer=japan – Dec 1. Panasonic trying to get a stake in Sanyo but is competing with Goldman Sachs. hOa0QumDikk&refer=japan  slashes-profit-forecasts ?src=rss&attr=all – Nov 27. Panasonic “revises” this year’s profit forecast by 40%. slashes-profit-forecasts ?src=rss&attr=all  japan&sid=aUJDpdwOJrz0 – Nov 28. Japan’s recession deepens; weaker demand for Panasonic flat screen TVs. japan&sid=aUJDpdwOJrz0