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GE (NYSE: GE) today announced that its 2007 annual report entitled
"Invest and Deliver: Every Day" is now available on the Company's Web
site at www.ge.com/annual07. The Company also announced that Chairman
and CEO Jeff Immelt will host an interactive Webcast for retail
investors on Thursday, March 13 at 2:30 p.m. ET to discuss the annual
report and outlook for 2008, and take questions from investors.
This year's annual report focuses on the Company's strong 2007
performance and how the Company is capitalizing on the major growth
trends by executing on its four strategic priorities. The report
consists of Chairman and CEO Jeff Immelt's letter to investors;
pictorial chapters on the major growth trends, GE's businesses and
leaders; a letter from the Board's Presiding Director Ralph Larsen on
the Company's compensation philosophy; an overview on governance and
citizenship; and a comprehensive financial section.
"GE is different because we invest in the future and deliver
today," GE Chairman and CEO Jeff Immelt writes in his letter. "We are
uniquely positioned to win in the essential themes of this era. We
help to create the future and, by doing so, drive our own growth. We
are a leadership company. We have built strong businesses that win in
their markets. Together, our businesses deliver consistent earnings
growth through the cycles. We are a high-performance company. We can
harness ideas from across the Company to drive superior organic
growth, margins, and returns. We are a company that develops leaders.
Our team is experienced, and still they learn every day. Our bench is
deep."
GE has begun distributing more than three million reports and
proxy statements in preparation for its annual shareowners meeting on
Wednesday, April 23, 2008, in Erie, Pennsylvania.
"I, along with all of our leaders, am aligned with investors. We
believe in performance and long-term commitment to the Company. In the
toughest of times, you can count on us. That is the way we are built,
the way we grow, and the way we are paid," Immelt writes. "We have
averaged earnings growth of 11% over the past 25 years, including 16%
in 2007. We have increased our dividend for 32 straight years. We
invest and deliver: every day ...every quarter ... every year ... and
we will in 2008."
Connecting with Retail Investors
Building on the success of its fully interactive on-line annual
report, the Company has been developing new and innovative ways to
reach investors through digital connections. In the last two years,
Chairman and CEO Jeff Immelt has delivered audio and video messages to
investors. This year, he will host a live conversation with retail
investors about GE, the annual report, the market and the 2008
outlook. Mr. Immelt will be joined by special guests Chrystia
Freeland, U.S. managing editor of the Financial Times, and Carl
Quintanilla, co-anchor of CNBC's "Squawk Box."
This first-of-a-kind Webcast will take place on Thursday, March
13, 2008 at 2:30 pm ET and be broadcast across a number of internet
properties, including CNBC, MSNBC, CNN, MSN, AOL, Yahoo, Bloomberg,
Forbes and thestreet.com. Individuals can watch the event and submit a
question in advance or during the Webcast by going to any one of the
listed sites today or tomorrow. The Webcast will also be simulcast on
GE's annual report Web site at www.ge.com/annual07.
GE (NYSE: GE) is Imagination at Work -- a diversified technology,
media and financial services company focused on solving some of the
world's toughest problems. With products and services ranging from
aircraft engines, power generation, water processing and security
technology to medical imaging, business and consumer financing, and
media content, GE serves customers in more than 100 countries and
employs more than 300,000 people worldwide. For more information,
visit the company's Web site at www.ge.com.
Caution Concerning Forward-Looking Statements:
This document contains "forward-looking statements"- that is,
statements related to future, not past, events. In this context,
forward-looking statements often address our expected future business
and financial performance, and often contain words such as "expect,"
"anticipate," "intend," "plan," "believe," "seek," or "will."
Forward-looking statements by their nature address matters that are,
to different degrees, uncertain. For us, particular uncertainties that
could adversely or positively affect our future results include: the
behavior of financial markets, including fluctuations in interest and
exchange rates and commodity and equity prices; the commercial and
consumer credit environment; the impact of regulation and regulatory,
investigative and legal actions; strategic actions, including
acquisitions and dispositions; future integration of acquired
businesses; future financial performance of major industries which we
serve, including, without limitation, the air and rail transportation,
energy generation, media, real estate and healthcare industries; and
numerous other matters of national, regional and global scale,
including those of a political, economic, business and competitive
nature. These uncertainties may cause our actual future results to be
materially different than those expressed in our forward-looking
statements. We do not undertake to update our forward-looking
statements.
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