Jeff Immelt Executing Quotations

We're positioned to win in this environment. We've got the company so we can have good operating growth in 2003, ... We're executing on a very strong leadership agenda, transforming the portfolio and building sustainable 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.