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Intel Corporation Message Board

  • jerry.blown jerry.blown Jul 18, 2013 11:59 AM Flag

    This Just In !

    June 18, 2013, 8:55am PST

    Warren Buffett buys $199M stake in Intel

    Staff Portland Business Journal

    Warren Buffett's Berkshire Hathaway on Thursday disclosed a raft of new investments, including 9.33 million shares of Intel Corp. valued at $199 million.

    The Wall Street Journal reports that the new investments -- which include stakes in CVS Caremark and DirectTV -- were likely made by Berkshire's new investment manager Todd Combs rather than Buffett himself.
    The investment in the Santa Clara, Calif.-based chip-maker -- Oregon's largest private employer with 16,000 workers in Washington County -- wasn't the biggest headline-grabber among Berkshire's new holdings.

    Bloomberg reports that Buffett spent more than $10 billion for International Business Machines Corp. stock, marking it his biggest investment in the third quarter.

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