We really don't see a double dip, just slow economic growth.
The year is turning out as planned, ... As expected, the ramp-down of our turbine shipments in the first half created earnings pressure. However, we are executing with broad-based strength to generate significant growth in the second half. We see nine of 13 businesses growing in double digits and more favorable comparisons in power systems and insurance.
We think we'll have solid execution in a slow growth environment in the fourth quarter.
It's really the broadest growth we've seen since the first quarter of 2000.
We see continued strong growth in Asia and developing markets, mid single-digit growth in the Americas, and slow growth in Europe.
This is the single biggest advance in mammography in 30 years, and women throughout the United States now have access to a powerful new tool in the fight against breast cancer.
GE is about performance with integrity.
The economy is much tougher than anyone planned, but the fundamentals of GE are in great shape.
I am so confident, in fact that I have asked the Compensation Committee of our board to pay my cash incentive bonus in GE performance shares for 2005.
Some people think that big companies can't grow. We use our size as a basis for growth. Globalization is an area where size is an immense advantage.
[One of the optimists is eco-designer Bill McDonough , whom we bumped into in Beijing, at the Fortune Global Forum this May. As chair of the China-U.S. Center for Sustainable Development, he believes China will be forced to become a leading incubator of environmental innovation simply because the in-country collision between people's needs and the ability of natural systems to support them is already so acute. As he notes,] The Chinese have to build new housing for 400 million people in 12 years. ... While Europe has been a driver for innovation in cleaner technologies, China promises to be its market.
GE has a rich heritage of providing customers with essential, inventive home products.
There are 24 hours in a day, and you can use all of them.
The purpose of this generation of GE leaders is to make the company as good externally and commercially as it has always been operationally and financially.
Despite a volatile environment, our fundamentals remain very strong, as we achieved double-digit earnings growth across all six of our businesses.
The world becomes more competitive, every day.
It's appropriate to step up our current activity and affirm our faith in the long-term prospects of the company.
Because appliances and lighting have powerful connections with similar consumer bases, we believe they will now be able to grow more successfully together than either would on its own, ... We want to create a simpler, more efficient business that will be competitive across all product lines. By taking out administrative costs, we will be able to put that money back into investing in new technologies and building greater brand awareness.