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Press Release

GE Chairman Confirms Earnings Targets

May 08, 2002

FAIRFIELD, Conn.--(BUSINESS WIRE)--May 8, 2002--GE remains on track to deliver record earnings in 2002 of more than $16.5 billion ($1.65-$1.67 per share before accounting changes), GE Chairman and CEO Jeff Immelt told analysts at an industry meeting today.
Immelt also said that GE remains comfortable with consensus estimates for double-digit earnings growth targets in 2003.
GE (NYSE:GE) is a diversified technology, services and manufacturing company with a commitment to achieving customer success. GE operates in more than 100 countries and employs approximately 310,000 people worldwide. For more information, visit the company's Web site at http://www.ge.com.
Caution Concerning Forward-Looking Statements
This document includes certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations and are subject to uncertainty and changes in circumstances. Actual results may differ materially from these expectations due to changes in global political, economic, business, competitive, market and regulatory factors. More detailed information about those factors is contained in GE's filings with the Securities and Exchange Commission.

--30--mem/ny*

CONTACT:

General Electric, Fairfield

David Frail, 203/373-3387

[email protected]


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