One of these days is none of these days - English proverb
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GE to enter healthcare tech market
GENERAL ELECTRIC said that it will spend $6 billion between now and 2015 to lever itself into the healthcare technology market.
The money will be spent developing innovative healthcare technology, from portable ultrasound machines to low-cost X-ray equipment.
GE Chairman and CEO Jeff Immelt was quoted by the AP as saying that there are pots of money waiting to be made in the healthcare market as the industry is challenged by rising costs, inequality of access and quality problems.
He said that healthcare needs new ideas, smarter processes and technology that help doctors and hospitals deliver better healthcare to more people at a lower cost.
Any products that come out of the initiative will find buyers in Eastern Europe, Africa and the Middle East, he said, where low cost, portable technology is much in demand. µ
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Whether Buck Rodgers or
Todays Monn & Mars, Com sats In Style GE Has Come to Be American. Its Company With Strong Ideas On Profit. theres Little Other Top Choice, Yet GE Is ruthless, like others in Top field, eg Kodak. GE Is one of Hugely Broad Inventory. ST drashek
ecomagination
healthymagination
What's next.... safetymagination?:)
Also, Immelt was a big donnor for Obama's candidacy, and he plans to take advantage of that by levereging GE into receiving a large role in cap and trade, and receiving stimulus monies in the health care IT giveaway.
"lever itself into"
You make it sound like GE is getting into new business area - it is not, they have been health care for ages. They are just investing more in R&D.