About 42 percent of the growth in global demand is coming from China, where there is virtually no price sensitivity to demand. There's a huge relationship to income growth there, but a very uncertain relationship to price at all.

Recent launches have significantly larger commercial potential than the previous cycle?and [are] likely to drive improving growth prospects post-2006.

We remain prepared to deliver double-digit earnings growth in 2001, but most importantly we're excited about how well GE is positioned for the future,

Next year we're likely to see continued deceleration in mobile systems revenue growth and a further decline in operating profitability due to increased spending associated with 3G. That's going to be a difficult environment for the stock.

The First Splendid Truth: To be happy, I need to think about feeling good, feeling bad, and feeling right, in an atmosphere of growth.

We'll get there on the back of rising oil prices.