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Politics : Formerly About Advanced Micro Devices

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To: tejek who wrote (392483)6/19/2008 2:00:56 PM
From: Joe NYC  Read Replies (1) of 1578109
 
Ted,

This is very bad news......in all the confusion over oil.....most people are not paying attention to what's happening to GM and F. Sadly, what I am hearing more and more is that both may go under. Neither company was prepared for $4 gas. They had staked their businesses on SUVs and trucks. How they could do that is totally and completely beyond me.

Very simple: with the overpaid workforce (vs. their productivity) forced them into narrower and narrower high margin niches ...

Joe
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