So it will be another case where the buyer will over-extend themselves to make the purchase of a company in need of investment, and then be forced to make massive "rationalisations/optimistaions/cost-savings/guana-guana-phrase-of-the-day" to try and claw back some money to meet the interest charges and keep their own share price from nose-diving. End result - things just get worse and there is no real benefit from the purchase in the first place. If Wipro can't afford it they shouldn't buy, it will be less painful for all involved. IMHO, unless Wipro intend on buying to asset strip, they could choose a dozen better targets in the UK alone.

So there's ASPIRE the largest government outsource ever manage; A group of civil servants that were outsourced to EDS and then on to CG; Clearly the only way to remove these "highly-motivated" staff who are waiting for their fat pensions and move the work to India, is for WIPRO to buy the contract, then everyone works for India!

Everyone's happy? The least productive unionised workers will get a fat payoff, the government gets lower cost workers from India to do better work, the big knobs in Paris can get their restructured share options cashed in... everyone. Except of course the tax payer who will be face with the usual appalling service that all off shored development provides - it's not cultural it's practical: dealing with project teams that are miles and hours apart is so inefficient.

Hey that myth will keep running I guess!

Finally, the big knobs in Paris are actually unlikely to agree, life is way to easy, some of them have been with the company since it started, they're egos are caught up in it and so unless WIPRO wanna pay way over the odds (like CG did for E&Y consulting), it ain't gonna happen.