Monday, April 03, 2006

I Have No Idea...

No...I have no idea.

Some of the readers of this blog are friends and family who know that I work for EDS, and my assignment is to support the computer operations of General Motor's (GM's) GMAC Division...their finance arm.

Today there are many stories on the newslines about GM selling off a majority stake in GMAC. This has been in the works for some time and we have known about it internally at EDS for quite a while. At this time, I have no idea if or how this might impact my job or my job assignment. Internal rumors are that at worst case it would be a number of months to a year before any impact is realized and at best case no impact at all.

A sale of this size ($8 billion) will definitely require some time for details to be worked out. I'll keep you posted on any impacts to me. My most immediate concern is the project I'm currently managing which is scheduled to take me until late August to complete and will be of a sizeable financial benefit to GMAC so I'm fairly certain it will not be impacted.


Big D.

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