By Adam E. John
Warren Buffettt has always avoided investing in technology sectors. Until recently, that is. Berkshire Hathaway has accumulated a 5.5 per cent stake (about 64 million shares) in IBM, Buffett said, speaking in a CNBC interview. The cost? $10.7 billion. Buffett said in the CNBC interview that his company started acquiring the shares from March this year, but did not share this with the IBM top brass, who were getting the news from the CNBC interview.
IBM is not the only company Buffett has invested in. Intel and DirecTV are two other tech sector companies he has invested in, according to Berkshire Hathaway’s quarterly filing with the SEC.
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