General Electric Company
17 September 2001
GE Accelerates Share Repurchase Program
FAIRFIELD, CT, Sept. 17, 2001 - GE will accelerate its current share
repurchase program this morning when the New York Stock Exchange resumes
'GE has steadily returned value to its owners through share repurchase
programs for more than a decade,' said GE Chairman and CEO Jeff Immelt. 'It's
appropriate to step up our current activity and affirm our faith in the long-
term prospects of the Company.'
GE's has purchased its own shares on a regular basis since the board of
directors authorized the current $22 billion program in December 1994.
Approximately $2.8 billion remains under the authorization.
GE (NYSE:GE), with 2000 revenues of $130 billion, is a diversified technology,
services and manufacturing company with a commitment to achieving customer
success. GE operates in more than 100 countries and employs 313,000 people
worldwide. For more information, visit the company's Web site at
Contact: David Frail, (203) 373-3387