General Electric is an American corporation engaged in the production of equipment for various lines of industry as well as for final customers. One-fifth of its production is dedicated to the governmental defense order. Founded by Thomas Edison in 1878, the company started its business with incandescent lamps and afterward created a greater variety of products through household appliances: refrigerators and washing machines. And in the meantime, they were engaged in the development of machine guns and jet engines. They also attempted at various times PC and TV programs production, but those were inconclusive. It was only in 2015 that General Electric revived its plans in of IT-technologies development by creating an asset-focused on software development. Today's General Electric comprises 6 assets responsible for the production of medical equipment, energy engineering, and water supply equipment, railroad and sea transport, aircraft features, lighting equipment. One of the assets is engaged in banking. General Electric's salient feature is its flexibility. It has a vast number of production units, but no less was timely discontinued and replaced by a demanded product. Significant funds are invested in exploratory development.
There has been a certain income slowdown, but the experts do not ring the alarm: in its age-old history, General Electric has repeatedly proved itself being unsinkable. The last decade has been marked by vast contributions to original promotion campaigns. The shares are very attractive for purchase. Warren Buffett himself told in early 2018 about his investments in General Electric's valuable security.
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