The General Electric Company or GEC was a major British-based industrial conglomerate, involved in consumer and defence electronics, communications and engineering. The company was once a constituent of the FT 30 and FTSE 100 Index.
In December 1999, GEC was renamed to Marconi plc and became a telecommunications focused company; when its defence arm, Marconi Electronic Systems was amalgamated with British Aerospace to form BAE Systems. The financial troubles that followed the burst of the dot-com bubble in 2000/2001, led to the May 2003 restructuring of Marconi plc to Marconi Corporation plc.
In 2005, Ericsson purchased the bulk of Marconi Corporation plc, along with its principal subsidiary, Marconi Communications. The remainder of the business was renamed Telent.
Famous quotes containing the words general, electric and/or company:
“The following general definition of an animal: a system of different organic molecules that have combined with one another, under the impulsion of a sensation similar to an obtuse and muffled sense of touch given to them by the creator of matter as a whole, until each one of them has found the most suitable position for its shape and comfort.”
—Denis Diderot (1713–1784)
“Flabby, bald, lobotomized,
he drifted in a sheepish calm,
where no agonizing reappraisal
jarred his concentration of the electric chair—
hanging like an oasis in his air
of lost connections. . . .”
—Robert Lowell (1917–1977)
“... we may remember what the Romans ... thought a cultivated person ought to be: one who knows how to choose his company among men, among things, among thoughts, in the present as well as in the past.”
—Hannah Arendt (1906–1975)