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Warren Buffett buys $10.7bn stake in IBM

Warren Buffett buys $10.7bn stake in IBM

Do My Research Essay Warren Buffett – one of the world’s most closely watched investors – has disclosed building a 5.4% stake in IBM.

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Mr Buffett’s Berkshire Hathaway fund started buying shares in the firm in March, eventually spending around $10.7bn (£6.7bn).

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The billionaire had steered away from technology firms in the past.

Defending A Phd Thesis However, he said that he had been impressed by IBM’s road map for how it planned to attract IT firms outside the US to sign up to its services.

“If you’re in some country around the world and you’re developing your IT department you’re probably going to feel more comfortable with IBM than with many companies,” he told the US television station CNBC.

Argumentative Essay Topics For College Students Easy He said he started buying the stock after he read IBM’s 2010 annual report and spoke to technology professionals in the businesses his fund had already invested in.

He said he realised there was a lot of “continuity” in the US-headquartered business.

Help Starting An Essay Read More/Source: BBC News

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