Feeds

Buffett no longer Intel Inside

Still owns $13bn stake in Big Blue

Security for virtualized datacentres

Warren Buffett, the Oracle of Omaha and one of the world's richest men, has dumped his Intel stock, setting tongues a-wagging around the tech world that he might know something the rest of us don't.

According to a 13F filing with the US Securities and Exchange Commission for Berkshire Hathaway, Buffett's holding company, you can see that as of June 30, Buffett had sold off his 7.75 million shares in Chipzilla before the second quarter ended. At the end of March, when Buffett made a similar 13F filing, those Intel shares were valued at $217.8m.

Buffett has never been a big investor in tech stocks, preferring insurance and financial services companies as well as Coca Cola, Proctor and Gamble, and Wal-mart, among others.

But last year he amassed a 5.5 per cent stake in IBM over a number of quarters, which was worth $10.7bn back in November when he disclosed his large position in Big Blue. In March, he had 64.4 million shares valued at $13.4bn, and at the end of June he had 66.6 million shares. But because IBM's stock was down a bit over those 13 weeks, they were only worth a hair more than $13bn. ®

Top 5 reasons to deploy VMware with Tegile

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.