Buffett Says Berkshire Has Bought About $10.7 Billion in IBM
Stock Chart for International Business Machines Corp (IBM)
Warren Buffett, chairman and chief executive officer of Berkshire Hathaway Inc. (BRK/A), 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.
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