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Buffett Praises IBM Profit Prospects After Share Slump

Warren Buffett, who invested more than $11 billion in International Business Machines Corp., said he is confident in the computer-service provider’s prospects after the stock slumped last week.

“They will have record per-share earnings this year,” Buffett, 83, said in an interview on the “Charlie Rose” show, which aired late yesterday on PBS. “That can be disappointing if you expected more. But it is not a bad record, believe me.”