Subscribe & Follow
Jobs
- L&D intern Cape Town
- Data Analyst/Engineer Johannesburg
- Senior Business Intelligence Developer Johannesburg
- Intermediate Full Stack C# Software Developer Centurion
- Full-stack Developer Cape Town
- Senior Microsoft Full Stack Developer Johannesburg
- Senior Full Stack Developer - C#/Angular Bedfordview
- Senior Full Stack .Net Developer Johannesburg
- Senior Full Stack C# Developer Cape Town
- Senior Full Stack C# Developer Midrand
IBM tumbles as Buffett discloses he is trimming stake
In early Wall Street trade, IBM shares were down 2.5% at $154.00.
Buffett, one of IBM's biggest shareholders, told CNBC he had divested shares in the first and second quarter.
"I don't value IBM the same way that I did six years ago when I started buying," he told the financial channel. "I've revalued it somewhat downward."
Buffett added that "IBM is a big strong company, but they've got big strong competitors too."
Buffett, who heads the Berkshire Hathaway holding company and is among the world's richest individuals, invested some $10.7 billion in IBM in 2011 for a stake of some 5.5%. His stake was worth an estimated $13.5 billion at the end of 2016.
The move comes with Buffett set to release his closely followed annual shareholder letter, offering important clues for investors who follow his advice.
Source: AFP
Source: I-Net Bridge
For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.
We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.
Go to: http://www.inet.co.za