Dunk's Annual Report 2000 On Annual Reports: Companies Focus On the Internet and Collaboration: Get Along to Go Along.

Business Editors

NEW YORK--(BUSINESS WIRE)--May 19, 2000

William Dunk Partners, Inc. issued today its Annual Report 2000 on Annual Reports entitled "The Internet Economy: Get Along, If You Want to Go Along."

Since 1982, William Dunk has commented on the major themes America's leading companies develop in their annual reports. This report is the clearest exposition of what chief executives are thinking about, and it reveals issues that will drive future business activity as well as highlighting sectors that often perform well in the equity markets. This year's report can be accessed at the company website: http://www.globalprovince.com .

Chief executives are focused on the Internet, says the report -- some more than others. Chairman Ken Lay of Enron (NYSE: ENE; http:\\www.enron.com ) states that Enron is part of the New Economy where what you know is more important than what you own. John Welch of GE (NYSE: GE; http:\\www.ge.com ) tells how the top 1,000 managers of GE each spend time at the knees of young, web-savvy employees to get up to speed on the Internet. The Washington Post (NYSE: WPO; http:\\www.washpostco.com ) devotes its whole report to its involvement with the Web.

But it is a non-profit -- The Conference Board ( http:\\www.conference-board.org ) -- that best captures where the New Economy is headed and why the Web makes so much sense for business. A very penetrating essay by Peter Drucker says that the New Economy is all about strategic alliances and partnering across corporate boundaries:

"Almost unnoticed by the public, and almost totally ignored by the business press and financial analysts, is that the real boom has been in alliances of all kinds, such as partnerships, a big business buying a minority stake in a small one, cooperative agreements in research or in marketing, joint ventures and, often, 'handshake agreements' with few formal and legally binding agreements behind them."

In other words, claims the report, we have entered the age of collaboration, the Internet being the lynchpin of cooperative endeavor.

Companies mentioned in this report are: Allstate (NYSE: ALL), Anaren Microwave (NASDAQ: ANEN), Association of Strategic Alliance Professionals, Berkshire Hathaway (NYSE: BRK), Champion International (NYSE: CHA), Cisco Systems (NASDAQ: CSCO), Cogent Neuroscience, Cognex (NASDAQ: CGNX), The Conference Board, Compaq Computer (NYSE: CPQ), Connecticut Water Services (NASDAQ: CTWS), Corning (NYSE: GLW), Dow Jones & Company (NYSE: DJ), DuPont (NYSE: DD), Enron (NYSE: ENE), General Electric (NYSE: GE), Genuine Parts Company (NYSE: GPC), H. J. Heinz (NYSE: HNZ), Herman Miller (NASDAQ: MLHR), Home Depot (NYSE: HD), Interpublic Group (NYSE: IPG), Jack in the Box (NYSE: JBX), Knight-Ridder (NYSE: KRI), Kronos (NASDAQ: KRON), McDonald's (NYSE: MCD), Microsoft (NASDAQ: MSFT), NorthPoint Communications Group (NASDAQ: NPNT), Phios, RCA (NYSE: TMS), Sprint (NYSE: FON), Tandy Corporation (NYSE: TAN), Texaco (NYSE: TX), United Parcel Service (NYSE: UPS), USA Today (NYSE: GCI), Vulcan Materials (NYSE: VMC), Washington Post (NYSE: WPO), Wal-Mart (NYSE: WMT).

Dunk's Annual Report on Annual Reports dates back to 1982 when Dunk, former president of Corporate Annual Reports -- the nation's leading producer of Fortune 500 annual reports -- prepared a study for Louis Rukeyser's syndicated column, a collaboration that continued for many years. Over the years it has been cited in USA Today, Barron's, and several other global business publications.

More than 600 annual reports a year are reviewed each year to compile the report and to assemble proprietary data for corporate branding services.

William Dunk Partners closely advises chief executives and business owners. Their clientele is located in North America and Europe, heading companies ranging from $1 million to $90 billion in sales. Many of these companies could be called 21st century enterprises, with technologies, goals, information systems, or organizations that reach well into the future. Amongst the issues addressed are corporate governance, share valuation, revenue growth, international commerce, and executive performance. Its offices are in New York, Dallas, and Chapel Hill. Its website is: http:\\www.globalprovince.com .