GLOBAL REACH. LEADlNG TECHNOLOGY. - Zonebourse.com

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6 The P&H engineering team designs technology-based solutions such as the Centurion system— which includes digital drives and touch-screen computers—that deliver increased performance and lower the customer’s cost per unit of production. investment in infrastructure in these markets will continue until that gap is substantially narrowed. In addition, coal will continue to play a critical role in fueling base load generation of electricity for generations to come. The most optimistic estimates project renewable sources to reach only twenty percent of the power supply. The next nuclear plant is ten or more years away, and it will be decades before enough capacity is built to meaningfully increase nuclear’s share of overall power generation. Coal is even more essential to achieving both climate change goals along with continued economic development. The inevitable dependence on hydrocarbons will drive the commercialization of carbon capture and storage technologies that will make coal environmentally sustainable and the most affordable fuel for electricity generation. Eighty percent of the worldwide power generating capacity that will be added in the next two decades will be built in the emerging markets, and the vast majority will be coalfired simply because coal is the abundant local fuel in these countries. The industrialized markets will also continue to depend heavily on coal, and we are already seeing this play out in Europe. Despite the commitment to climate change, new base load power generation in Europe is turning to coal. As a result, the European Union has made carbon capture and storage a primary climate change priority. Demand growth, fuel affordability and surety of supply will invariably take the U.S. down the same path. In 2008, we delivered very solid financial performance and balanced that by making strategic investments in our future. In 2009, our balanced efforts will be even more important as we face volatility and uncertainty in our markets. As a result, we remain focused on delivering near-term performance and long-term capability to maximize the value of your company. Sincerely, Michael W. Sutherlin President and Chief Executive Officer
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K [ X ] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED October 31, 2008 OR [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD From to Commission File number 001-09299 JOY GLOBAL INC. (Exact Name of Registrant as Specified in Its Charter) Delaware 39-1566457 (State of Incorporation) (I.R.S. Employer Identification No.) 100 East Wisconsin Ave, Suite 2780, Milwaukee, Wisconsin 53202 (Address of principal executive offices) (Zip Code) Registrant’s Telephone Number, Including Area Code: (414) 319-8500 Securities registered pursuant to Section 12(b) of the Act: Title of Each Class Name of each exchange on which registered Common Stock, $1 Par Value The Nasdaq Market LLC Preferred Stock Purchase Rights None Securities registered pursuant to Section 12(g) of the Act: None Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes [X] No [ ] Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes [ ] No [X] Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes [X] No [ ] Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K is not contained herein, and will not be contained, to the best of registrant’s knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K. [X] Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, or a non-accelerated filer. See definition of "accelerated filer and large accelerated filer" in Rule 12b -2 of the Exchange Act. Large accelerated filer [X] Accelerated filer [ ] Non-accelerated filer [ ] Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes [ ] No [X] The aggregate market value of the voting and non-voting common stock held by non-affiliates, as of May 2, 2008 the last business day of our most recently completed second fiscal quarter, based on a closing price of $76.97 per share, was approximately $8.3 billion.
Page 1 and 2: global reach. leading technology. j
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LIABILITIES AND SHAREHOLDERS' EQUIT
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22. Subsidiary Guarantors Joy Globa
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