tag:blogger.com,1999:blog-10911751.post113924377873417614..comments2024-03-07T02:00:01.582-05:00Comments on NEI Nuclear Notes: Westinghouse Goes to ToshibaUnknownnoreply@blogger.comBlogger5125tag:blogger.com,1999:blog-10911751.post-1161088218128464292006-10-17T08:30:00.000-04:002006-10-17T08:30:00.000-04:00It is sad to see a company such as Westinghouse th...It is sad to see a company such as Westinghouse that had such great potential -- be sold to a foreign-owned company. The top Management at Westinghouse did not do their job. They should have performed better and made the company what it should be -- U.S. owned. It is clear, that poor Management is the demise of Westinghouse today in the year 2006.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-10911751.post-1161088137573681732006-10-17T08:28:00.000-04:002006-10-17T08:28:00.000-04:00It is sad to see a company such as Westinghouse th...It is sad to see a company such as Westinghouse that had such great potential -- be sold to a foreign-owned company. The top Management at Westinghouse did not do their job. They should have performed better and made the company what it should be -- U.S. owned. It is clear, that poor Management is the demise of Westinghouse today in the year 2006.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-10911751.post-1139414306196953552006-02-08T10:58:00.000-05:002006-02-08T10:58:00.000-05:00I think ABB owned it before BNFL. But it's true t...I think ABB owned it before BNFL. But it's true that it is kind of distrurbing to see these former giants of US industry being sold out to foreigners. It took a lot of hard work to build what we have (had). It's unfortunate that things have come to pass that Americans would rather sell out than build up.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-10911751.post-1139344235251104782006-02-07T15:30:00.000-05:002006-02-07T15:30:00.000-05:00US companies are not backward in coming forward wh...US companies are not backward in coming forward when it comes to buying foreign firms, so one ought not to complain too loudly when a foreign company buys a former US company. Westinghouse has been foreign owned since 1999 when it was purchased from CBS by British Nuclear Fuels Limited, which is wholly owned by the British Government. At least now it is not owned by a foreign government. It is also likely that Toshiba will sell minority interests to US companies. <BR/><BR/>General Electric bid for Westinghouse, although I suspect that even if it had been the highest bidder, GE would have lost on the grounds that a merger would significantly reduce competition for the supply of new reactors to the US market.Matthew66https://www.blogger.com/profile/14300778464353560180noreply@blogger.comtag:blogger.com,1999:blog-10911751.post-1139332552138938092006-02-07T12:15:00.000-05:002006-02-07T12:15:00.000-05:00It's sad, in a way, to see another of these former...It's sad, in a way, to see another of these former industrial giants in the US, icons of a former role as leader of the world in manufacturing, being sold out in the foreign marketplace. Westinghouse Electric Co. was an innovator in many ways, being involved in the early development of AC power distribution, manufacturer of generators and steam supply systems, appliances, and other consumer goods. Today it is a shadow of it's former self. The business paradigm currently in vogue in this country, which seems to be sell everything out to foreigners to increase short-term "profits", lacks a long-term vision. Selling out for a quick buck often leaves nothing behind to build on.Anonymousnoreply@blogger.com