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The Stocks to Avoid Article noted a 30% decline GE's operating cash flow from the first nine months of 1999 to the firsst nine monthsof 2000. However, a year to year comparison of operating cash flow from GE's activities showed an increase from $11.8 billion to $15.4 billion, based on the January 17, 2001 earnings announcement. GECapital's operating income showed a decrease of $6.5 billion in the first nine months of 1999. GE's 1999 10-K states that "cash managment activities of GE and GECS are separate and distinct..." However, continuing substantial cash flow losses from GECS cannot be ignored as they ultimately will drain expansion potential from the other parts of GE's businesses.
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