Buffett Dumps Intel; Puts $13bn Into IBM

America’s second richest man, Warren Buffett, has dumped all his Intel shares while building up an enormous shareholding in IBM.

Renowned for being a long-term investor, Buffett was in and out of Intel in under eight months between Q4 2011 and Q2 2012,  buying 9.3 million Intel shares in November for $200 million, selling 1.6 million of the stake in March, and then selling off the remaining 7.7 million shares in June.

Meanwhile Buffett has amassed 66.6 million shares in IBM worth $13 billion.

Tags: 6 million, eight months, stake, term investor, warren buffett

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2 Comments

  1. David Manners
    August 16, 2012 08:11

    Well, Curious, IBM is the leading R&D house for fundamental microelectronics in the US (note this week’s breakthrough in electron spin technology for one) and is also one of the world’s top half dozen developers of microelectronics process technology with its Common Platform alliance. Also it’s the world’s leading supplier of supercomputers. The big infrastructure projects they deploy are electronic. I’d say that puts IBM in the technology business.

  2. Curious
    August 16, 2012 02:18

    Why do you consider them related? Are intel and IBM in the same business today? I am not sure they are still in the same industry.

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