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.

http://finance.aol.com/company/general-electric-company/ge/nys/company-description

Current Price: $17.55 P/E Ratio: 8.36 F P/E Ratio: 15.16 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 $1,570,744.44 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 27th.

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.

http://www.newsoxy.com/panasonic/article11400.html - Nov 30. Director of Panasonic Slashes 2009 profit forecast by 90%.

http://www.bloomberg.com/apps/news?pid=20601101&sid=ahOa0QumDikk&refer=japan – Dec 1. Panasonic trying to get a stake in Sanyo but is competing with Goldman Sachs.

http://www.techradar.com/news/world-of-tech/panasonic-slashes-profit-forecasts-489143?src=rss&attr=all – Nov 27. Panasonic “revises” this year’s profit forecast by 40%.

http://www.bloomberg.com/apps/news?pid=20601101&refer=japan&sid=aUJDpdwOJrz0 – Nov 28. Japan’s recession deepens; weaker demand for Panasonic flat screen TVs.