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Hughes Electronics Corp. (GMH) Message Board

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  • dbrewerm dbrewerm Nov 13, 2000 2:35 PM Flag

    This used to be a good board....

    Oak,

    You are welcome. The spouse and I
    have substantial investments in GMH and GM,as well. If
    we didn't trust the current management(Pearce,
    Wagoner, Smith) we would put our money elsewhere. We are
    used to the volatility(remember last Nov. thru Feb.).
    We didn't sell then and will not sell now. Only
    buying more and more and more. It is my belief that
    Harry Pearce will become Chairman within the next 18
    months. Wagoner is doing fine with the auto group and
    Pearce will get the Hughes transaction done correctly,
    given the time he needs. It's all a matter of trust in
    these executives. Some bad transactions were recently
    approved by the Board(the GMH conversion), but also notice
    that the CFO is no longer with GM and Morgan Stanley
    is no longer being retained as a Hughes transaction
    advisor. I bet Pearce and Wagoner had something to say
    about those events. Hang in there until we at least
    elect the President of the United States. That is when
    things will improve providing Greenspan doesn't smack us
    with another HIKE!

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