Buffett Has Sold Large Portion of IBM Stock

Prior to the Berkshire Hathaway annual meeting held on Saturday, Warren Buffett disclosed that he sold about a third of his 81 million shares in IBM during the first half of this year, according to last week’s Bloomberg. In April, the company reached its 20th straight quarterly revenue decline that, the article says is because it has been “slow to adopt cloud-related technologies and has had to play catch-up to the likes of Amazon.com Inc.”… Read More