November 14, Beijing time, according to foreign media reports, "Warren" Warren Buffett (Warren Buffett) on Monday told U.S. financial TV channel CNBC interview that he managed Burke company (Berkshire Hathaway) has been held by IBM's 5.5% stake, which is always to avoid investing in technology stocks, Buffett largest investment in science and technology.
Buffett said Berkshire Hathaway began in March of this year Jiancang IBM stock, has bought about 64 million, spent about $ 10.7 billion. Today, Berkshire Hathaway has become one of IBM's largest shareholder. Berkshire Hathaway's initial goal is $ 10 billion purchase of IBM stock.
Buffett said, IBM does not know that he has purchased in the company's stock, until he accepted an interview with CNBC, IBM discovered that Buffett has bought shares. Buffett said he has been concerned about IBM's annual report. He said, "But this year, I used to read a different perspective of IBM's annual reports." He said, with many of the technology industry executives had another conversation, he determined to Jiancang IBM stock.
IBM shares in premarket trading Monday, up nearly 1%. Since March this year, IBM's stock rose about 17% has been reached, outperformed the S & P 500 decline of 3% over the same period.