Feeds

Buffett no longer Intel Inside

Still owns $13bn stake in Big Blue

Internet Security Threat Report 2014

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

More from The Register

next story
Ford's B-Max: Fiesta-based runaround that goes THUNK
... when you close the slidey doors, that is ...
Official: European members prefer to fondle Apple iPads
Only 7 of 50 parliamentarians plump for Samsung Galaxy S
Fujitsu CTO: We'll be 3D-printing tech execs in 15 years
Fleshy techie disses network neutrality, helmet-less motorcyclists
Space Commanders rebel as Elite:Dangerous kills offline mode
Frontier cops an epic kicking in its own forums ahead of December revival
prev story

Whitepapers

Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
How to determine if cloud backup is right for your servers
Two key factors, technical feasibility and TCO economics, that backup and IT operations managers should consider when assessing cloud backup.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Protecting against web application threats using SSL
SSL encryption can protect server‐to‐server communications, client devices, cloud resources, and other endpoints in order to help prevent the risk of data loss and losing customer trust.