His vice president is Peter Rose, 42, who is also president of the active systems division.

G.E.'s medical systems division, meanwhile, gets a product that it doesn't have: heart monitoring machines.

The results were buoyed by strong gains in its financial services, aircraft engine and medical systems divisions.

"Major programs in the aeronautical systems division are winding down."

His father is a vice president and the general director of the institute's optoelectronics and systems division.

Profit and sales fell in its medical systems division, but the company said it expects the unit to recover in the second half.

In 1997, Fonar collected almost $129 million from General Electric's medical systems division.

It recently turned its successful data systems division into a subsidiary, and there are rumors that the subsidiary could become an independent company.

He even claimed that if the large systems division was spun off from the rest of the firm, it would be worth more than $80 a share.

Customers of our systems division must be convinced that Olivetti really will still be around in five years' time.