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Warren Buffett buys $10.7bn stake in IBM

Warren Buffett buys $10.7bn stake in IBM

Annotating An Article Warren Buffett – one of the world’s most closely watched investors – has disclosed building a 5.4% stake in IBM.

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

Custom Writing Plagiarism Help Term Paper The billionaire had steered away from technology firms in the past. Mba Admission Essay Buy Usc Professional Resume Writing Services Ottawa 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.

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“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.

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Josh Kwondike Do Your Homework 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.

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

Convert Dissertation Into Book Read More/Source: BBC News

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