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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Les H who wrote (30164)	4/26/2005 5:06:17 PM
From: Les H	Read Replies (1) \| Respond to of 306849

India's outsourcers moving up to more advanced specialties usnews.com

To: Les H who wrote (30164)	4/26/2005 8:12:35 PM
From: Ramsey Su	Read Replies (1) \| Respond to of 306849

GMAC may consider debt buybacks on an opportunistic basis, Khattri told the conference, but would never do anything to compromise the company's liquidity. "Liquidity is paramount, sacred. We will protect liquidity," he told Reuters. "But we have a cash desk now that is investing $18 to $20 billion of cash," Khattri said. "We want our cash to sweat, so we will be opportunistic and within reasonable amounts we're going to do it. This CFO is funny. So they have $18-20 billion cash. It wasn't that long ago they had closer to $30B. They have something like $300B in debt. Yep. Start buying.