Ruminations on the electronics industry from David Manners, Senior Components Editor on Electronics Weekly.
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