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Politics : Formerly About Advanced Micro Devices

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To: Road Walker who wrote (559433)	4/7/2010 3:32:34 PM
From: Tenchusatsu	Read Replies (2) of 1576178

RW, the WSJ already saw this coming a year ago. Google the article entitled "Magic Act: Conjuring Up a Profit at GM". (A pasted link will only lead to part of the article, but for some reason going through Google will provide the full article.) Anyway, from your AP article: > GM owes an additional $45.3 billion* to the government. That will be repaid when GM makes a public stock offering, which Liddell says will happen "when the markets and the company are ready."* I wonder how much GM thinks they can raise by selling more shares. GM's market cap peaked at $60B back in 1999. This was with $176B in annual sales and profit margins of 12.6%. Tenchusatsu

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