Buffett Says Berkshire Has Bought About $10.7 Billion in IBM
November 14, 2011, 7:48 AM ESTBy Steve Dickson
Nov. 14 (Bloomberg) -- Warren Buffett, chairman and chief executive officer of Berkshire Hathaway Inc., said his company has bought about 64 million shares of IBM Corp. this year, mostly in the third quarter, at a cost of about $10.7 billion.
IBM has set out a “road map” for 2015 and has done an “incredible job,” Buffett said today in an interview on CNBC.
The company owns about 5.5 percent of IBM, Buffett said.
To contact the reporter on this story: Steve Dickson in New York at sdickson1@bloomberg.net
To contact the editor responsible for this story: Steve Dickson at sdickson1@bloomberg.net
