  The $S$-matrix of diffractive scattering is diagonalized in terms of the
colour dipole-dipole cross section. Recently, we have shown that the dipole
cross section satisfies the generalized BFKL equation. In this paper we discuss
the spectrum and solutions of our generalized BFKL equation with allowance for
the finite gluon correlation radius $R_{c}$. The latter is introduced in the
gauge invariant manner. We present estimates of the intercept of the pomeron
and find the asymptotic form of the dipole cross section. We consider the
difference between the BFKL and GLDAP evolutions and conclude that the GLDAP
evolution remains a viable description of deep inelastic scattering well beyond
the kinematical range of the HERA experiments. We suggest methods of measuring
the pomeron intercept in the HERA experiments.
