6 - Q. Only other big thing...from where you sit what are your remaining problems or opportunities? A. Let me say the Company is in the best shape I've ever seen it. We've worked terribly hard over the past five years in pruning out those things we concluded we couldn't succeed at. In allocation of resources, one thing strategic planning has done is provide the discipline to make sure we get these things done. We're obviously bullish about Utah...an exciting area in the future. But there are also many exciting opportunities in the old GE. The Company is in pretty darned good shape. Q. Problems? A. We're uncertain as to just how the situation with utilities will shake down. Have to put that in perspective. Some people think back and say "40% of GE is devoted to utilities." But 7% of our profit in 1976 came from all of our businesses with utilities. There are not orders out there in nuclear. Conventional generation businesses not booming. I don't see a profitability disaster, but I don't see it growing back to where we knew it at $100 million. Q. Then new materials and services are all the more important? A. You're darned right! In nuclear, we as a nation can't seem to find a consensus. Q. I was surprised to see that Utah accounts for only 6% of GE's profit. A. No. 6% of sales, but 17% of profit. Q. Then doesn't Utah's contribution compensate for the decline in electric utility business? A. More than...we haven't come to a conclusion on the Carter energy program... what as a nation we're going to do on nuclear. Q. Is there anything else you want to talk about? A. This may sound like a commercial. But this Company has made significant strides in terms of its ability to manage balance sheet and cash flow over the past few years. Operating components have done a magnificent job. Cash crises decided two things. We would have cash flows elevated to the same importance as profit and have it relfect in incentive compensation. And we would develop a course for management on managing during inflation. Q. Still giving it? A. Oh yes. A four-day intensive course given at Crotonville.