In his latest article for Seeking Alpha, Validea CEO John Reese says that Warren Buffett’s recent IBM buy actually isn’t all that out of character for the tech-wary Buffett — and says other “Buffett-esque” tech stocks are out there right now.

“While Buffett’s IBM move was surprising given [his previous tech sector] comments, it wasn’t all that surprising if you look at the fundamentals — which are what my Buffett-inspired Validea.com ‘Guru Strategy’ does,” Reese writes. “My Buffett-based model identifies stocks that have the quantitative characteristics Buffett looked for while building his empire. It doesn’t always jive with Buffett’s real-time moves, since the Oracle of Omaha no doubt takes non-quantitative factors into account when investing. But in the case of IBM, it was on the money. Throughout much of this year, as Buffett has been building Berkshire’s IBM position, my Buffett-based approach has been giving the stock very solid marks.”

The Buffett approach looks for stocks with lengthy histories of increasing annual earnings per share, manageable debt, and high returns on equity, and IBM has all three, Reese says. And, he says IBM isn’t alone; his Buffett-based approach is giving a number of other tech sector stocks high marks. Among them: Oracle Corporation. To read the full article and see all the picks, click here.