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In reply to: cyberalien on Tuesday 30/09/08 11:57am

Interesting: sorry this is on SLX site and would discourage comment on this thread - but... this may all be true, but you're telling me no Republicans had a hand in this mess? Please.


Also, and I may be wrong, but I thought up until recently Congress was republican controlled (Newt Gingrich etc).


As to sp: I think very close to bottom. Volume was extraordinary and close mildly positive given last trade before close was 3.37.


Good luck.

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In reply to: sweet11395 on Tuesday 30/09/08 11:39am

Hi sweet. Any good news from your GE contact will be welcome as there is deathly silence from Translucent re the solar operation. With todays slx price in Oz I will scrounge some extra funds and top up - I just need a trigger to offsett my current caution in the market .


Incidentally can someone over there put a bulldozer through the Wall Street cowboys who have brought all this mess on the world . Cheers.

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klitt...I'm first in line to string these guys up with a rope!!!! and our useless congress better not approve this bailout!!!! let them roast...get the funds from the CEO's and brokers then whats left over MAYBE we'll consider covering...


gone fishin'...yes thank you I did get a deal sub $2.80 (ie sub $15 for SILXY ADR)....nice avg down for me...thanks for all you due diligence my OZ friends...I'll try and return the favor with more from the US.

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In reply to: donnaleighh on Sunday 28/09/08 08:15am

Looks like the US Senate is set to vote on the India deal on Wed night - guess we could have some news late tomorrow... will be interesting to see if this pathway opens up given statements earlier in the week about India wishing to renew commercial ties on nuclear with GE.... Regards all, Donna


US Vote Due on India Nuclear Deal"




"Objections on US India Nuclear Deal Overcome"

Associated Press

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In reply to: thirty8south on Wednesday 01/10/08 05:49pm

Thirty... hiya...


Sure, there is an accord now between France and India, but this not a "one-person" show, or a contract and does not preclude other countries and companies, GE included, from competing for contracts, assuming Congress votes to lift the ban. My sense is that the accord with France will likely provide some added impetus... and we all know about the anticipated quality and cost-effectiveness that GE will have to offer! http://www.sharescene.com/html/emoticons/smile.gif


Herald Tribune


Cheers, DL




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In reply to: donnaleighh on Wednesday 01/10/08 06:04pm

DUBAI, Sept 27 (Reuters) - Iraq has signed preliminary deals worth billions of dollars with General Electric Co and Siemens (Xetra: 723610 - news)


for equipment to almost double electricity generation capacity, an energy official said on Saturday.


The deals with GE, Siemens and a third company would be worth a total of $7 billion to $8 billion, Iraq's Electricity Minister Karim Waheed told Reuters.


Years of war, sanctions and neglect have battered Iraq's power grid and the country suffers chronic power shortages. The capital Baghdad receives only a few hours of electricity a day. The deals would mark a big step in the country's reconstruction, Waheed said.


'These deals will help us to end the electricity supply problem by 2012,' Waheed said on a private visit to the United Arab Emirates.


Iraq signed a memorandum of understanding (MOU) earlier this month for U.S. giant General Electric (NYSE: GE - news) to supply turbines to generate 6,800 megawatts of power, Waheed said.


He declined to say how much Iraq would pay GE for the equipment, but said each megawatt would cost between $700,000 and $800,000. That would give a value of between $4.8 billion and $5.4 billion.


The country has signed a second MOU with Germany's Siemens to supply equipment to generate another 2,000 MW, he added. That deal would be worth between $1.4 billion and $1.6 billion.


Baghdad was negotiating with a third company for another 1,000 MW, he said, declining to give further details.


The three deals would enable Iraq to add around 10,000 MW to installed capacity by around 11,000 MW. Damage to the power stations, lack of maintenance and drought mean Iraq's actual power production is well under capacity at around 5,500 MW.


Demand stands at around 11,000 MW, Waheed said.


Iraq plans to approach engineering, procurement and construction (EPC) firms to build the plants once the deals are signed, he added.


While big international companies were still reluctant to send people to work in Iraq, improvements in security had improved Baghdad's chances of attracting companies to undertake the work, he said.


Iraqi oil officials will meet Russia's Technoprom Export on Oct. 12 to review a $124 million deal to repair 400 MW of power generation capacity in the southern city of Basra.


The World Bank will fund the deal, he added.


The deal was one of several frozen after the U.S.-led invasion of Iraq in March 2003. Iraq is also negotiating with Russia's Power Machines to revive another old deal to build two plants with 160 MW of capacity each in Iraq's north, he added.


Iraq signed a deal with GE for three power plants worth $480 million in June.


(Editing by Janet Lawrence) Keywords: IRAQ GE/SIEMENS

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somewhat related


GE Raises $15 Billion; Buffett Gets Preferred Stake (Update2)


By Rachel Layne and Erik Holm


Oct. 1 (Bloomberg) -- General Electric Co. plans to offer $12 billion in common shares and billionaire investor Warren Buffett's Berkshire Hathaway Inc. will buy $3 billion in preferred shares as GE bolsters its cash cushion amid volatile markets.


Buffett's stake will pay an annual 10 percent dividend and is callable after three years at a 10 percent premium, Fairfield, Connecticut-based GE said today in a statement. Buffett also gets warrants to buy $3 billion of common stock with a strike price of $22.25 a share for five years.


The offering and stake will let GE accelerate the plan Chief Executive Officer Jeffrey Immelt announced last week to bolster its finances amid volatile financial markets. Buffett, 78, last month bought $5 billion in Goldman Sachs Group Inc. preferred shares to show faith in the investment banking company.


``GE is the symbol of American business to the world,'' Buffett said in the statement. ``I have been a friend and admirer of GE and its leaders for decades. I am confident that GE will continue to be successful in the years to come.''


GE on Sept. 25 reduced its annual profit forecast for the second time this year and suspended its stock buyback, shifting capital to protect its dividend and AAA credit rating, the highest available, as volatility in credit markets reduced profit at its finance arm.


GE earlier today said it has been able to sell corporate paper and fund operations without tapping bank lines, seeking to quash speculation that led to a surge in its credit default swaps and a slump in the stock.


GE fell 67 cents, or 2.6 percent, to $24.83 at 2:23 p.m. in New York Stock Exchange composite trading.



link to article here


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