IBM (IBM) can now count Warren Buffett as owner of over 5% of the stock. Buffett has built his $10.7 billion stake in IBM over the last two quarters. This is Buffett’s first big technology purchase.
Investors may want to observe caution in following Buffett into IBM as Buffett stated that he is done with his purchases and his purchases were at an average cost of about $170. Now IBM is trading around $190.
