Thread regarding General Electric Co. layoffs

"TS7 will not show you failures after 7000+hours, right?"

Eh, no... sort of. It was designed for a certain life, maybe 48,000 hours or something. By over firing they accelerate whatever life issues there might be and after inspection and data reduction, you can project the life at a standard firing temperature. So either A) they didn't over fire at least not enough or B) their predictive techniques were not good enough or, my guess, C) they ignored the data that they got because they didn't like it.

So now they're hip-deep in reality and have to live with it. If they had a good predictive model then they should have believed it. If they didn't have a good predictive model then they should have done the design process differently. S---s to be wrong.

@VfCz4KO-6sne when GE had Tranes they were called Weathertrons. The quality was too good for a GE product, so they sold it in 1982 to Trane.

TS7 will not show you failures after 7000+hours, right? So you have to go to the customer if you are not sure if your parts will survive.

"the first HA overfired and then fix it in the field"

Then why have TS7?

I think Russels strategy is still good, selling the first HA overfired and then fix it in the field with the 2nd gen. blade later. Otherwise we'd certainly not have sold that many HA units compared to MHPS or Siemens. So let's see.

"1wre...first of all you spelled trains wrong.....you had TRANES...??"

Same guy. Over and over. Mocking his made up misspellings. Pretend.

the general has many things up his sleave dont be confyoused all of this is just a trick to make the stock price $10 and then the big dogs will bye lots of stock and then they will relese news of some big sales and then the stock will zoom up to $20 again and JF will ride again

So do we know what fix GE is offering its customers? is it just a replacement or something new

1wre...first of all you spelled trains wrong.....you had TRANES...??

“To be effective you must not let your need to be right be more important than your need to find out what’s true. If you are too proud of what you know or of how good you are at something you will learn less, make inferior decisions, and fall short of your potential.”

― Ray Dalio, Principles: Life and Work

Yes, they can. But according to the news, they haven't. From what I've seen, JPM simply heard "oxidation issue", and reduced the lowest prediction among analysts from $11 to $10.

I agree that they "could" talk to end users, just as easily as I could. But the 9FB has been in the field for enough years (I could Google it, but I assume you would deny that number anyway) that JPM had plenty of years to break the story... They didn't.

P.S. - if you know if an undergrad program that teaches how to predict a turbine blade temperature so precisely that the oxidation life is obvious, based on back of the envelope math, please specify the university.

It’s true that the analysts probably don’t know much about the specifics of GT design (although more analysts than you think were engineering undergrads who later got a top tier MBA).

Anyway, that aside, they don’t need to have much technical knowledge. Firms like JPM can easily do channel checks. They can talk directly to HA class operators (these are known, GE even publicizes them when possible). These guys will divulge info; perhaps not the CEO, but certainly some other folks will. Next, they can check with owners of other GT platforms, to determine which units outside of HA are affected. Next, they can check with the suppliers of the parts that are affected, and again, it is easy to figure out who those are.

By this point they know which parts are affected, how many are affected, and the cost of the remedy on an order of magnitude basis. Based simply on back of the envelope math, they know whether it will cost GE $1M, $10M, $100M, or $1B. And that is sufficient to make a trade recommendation.

Sheesh. These turbines are getting to be as bad as the GE appliances in terms of poor quality and early failure. Better sell it off soon!

I love a good technical debate as much as he next engineer, if not more. But I’d be amazed if any of the financial analysts at J.P. Morgan knew about any of this, much less understand it. They just can’t seem to resist taking another huge swipe at their favorite target, given the tiniest reason.

...this is a boon for Power Services....

No no no

These units will be mothballed. No one wants to run a GT anymore. That thinking is so 2014.

Many of those FBs will be beyond the warranty period, so in a way this is a boon for Power Services.

...only 75 9FB has been sold...

If they are breaking then they will never be fixed. The 9FB was the bellwether for today's market where initial sales disappoint, the starts and hours are lower than they expect and many units are put up before their time.

could we be so lucky for russell to leave on his own? any guesses on the size of his parachute? my guess is $9M

Good thing only 75 9FB has been sold this past 15 years...

https://www.reuters.com/article/us-ge-power/general-electric-says-blade-problem-affects-more-gas-turbines-idUSKCN1M12HG

@1pea, the financial guys have ruined many companies. Especially GE. The only thing they can manufacture is financial jargon. Their balance sheets are comic books. GE made money when engineers made decisions. The bean counters have destroyed our desire to care. Keep counting beans until the balance sheet had no more beans to count. Save a few beans to eat. We are going to need them.

Russell has a plan? He is a financial guy who doesn't know one end of a turbine from the other.

Russell’s only plan is an exit-plan

Time for bankruptcy discussions

it seems allot off people hear think they are experts well let me just say that ge still has the worlds greatest and they will fix all these problems because they have lots of experence in airplanes and tranes and turbines. Russel has a plan!!!!

You don't have to be faster than the bear just faster than the guy next to you.

Haha, GE doesn't even have a cohesive team. 6B engineers fighting with the HA engineers? No wonder you can't design anything that works.

This is fun to watch from a safe distance. I'm glad I got laid off last year and now have a real job with a real company.

To the one that said "As it stands, I'm on this sinking ship with the rest of you fools, praying for a miracle and looking for a new job."

Reach out on linked in … sure they would love to have you join the team ...

"no longer any doubt that GE Power has company-specific issues"

Ya think?

Looking down from the top and from the outside in, all they can see are halos.

"[W]e believe there should be no longer any doubt that GE Power has company-specific issues," Tusa added.

A Google search of "turbine blade oxidation" showed "about 1,930,000 results". That's hardly a company-specific issue.

"General Electric Co said on Thursday that four of its new flagship power turbines in the United States have been shut down due to an “oxidation issue” and warned it expects the problem to affect more of the 51 units it has shipped, sending shares lower."

"GE could be forced to pay millions of dollars in compensation to customers and make costly design changes if the problems persist, industry experts said."

that is funny sheet