A new generation

A new generation

In Silicon Valley, GE isn't your grandfather's company



(From Bloomberg) More than a century after General Electric Co. (GE) built its first research laboratory in an upstate New York barn, it's wooing Silicon Valley engineers in a bid to connect machines the way Facebook Inc. (FB) links people.

New hires are coming from Oracle Corp. (ORCL), SAP AG (SAP) and Symantec Corp. (SYMC) as well as Stanford University and the University of California, Berkeley, as GE persuades developers to forgo potential windfalls from initial public offerings to work for the last original member of the Dow Jones Industrial Average.

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