Warren Buffett increases IBM shares to support the company's transition plan

Sina Science and technology news Beijing time February 18 morning, "stock" Warren Buffett's Berkshire Hathaway company has increased its stake in IBM 9.2%. That suggests Mr. Buffett is giving IBM support as IBM CEO her Ginni Rometty to try to revive the company. Berkshire Hathaway's Tuesday filing to regulators showed the company has increased its holdings of 6.5 million shares in IBM. According to Bloomberg data, Berkshire Hathaway is still IBM's largest shareholder, with a stake of 76.97 million shares and a 7.8% per cent stake. Her is focused on strengthening IBM's cloud computing and data analysis business. Over time, IBM is selling Low-margin businesses, and the demand for traditional hardware and service businesses has been weak. This has adversely affected the company's revenue. Last year, IBM adjusted its profit for the first year-on-year decline in the past more than 10 years. In such cases, her announced a partnership with Apple and Twitter, and increased investment in cloud computing operations. When Mr. Buffett started buying IBM shares 4 years ago, the investment deviated from Buffett's previous investment style. Before IBM, Mr. Buffett had refused to buy shares in any technology company because he could not understand the technology companies ' business plans and forecast their prospects. Last April, after another slide in quarterly revenue reported by IBM, Mr. Buffett denied rumours that he was already disgusted with IBM. IBM's share price has fallen below Buffett's bid. IBM's shares fell 14% in 2014, the biggest drop in the Dow Jones index for the second consecutive year. According to the company's annual report, Berkshire Hathaway's majority of its IBM shares were bought at $171.47 a year. Her last October to give up 20 dollars in earnings per share by 2015, a goal set by her's predecessor, Palmisano (Sam Palmisano). The decision shocked investors, and IBM's share price then fell sharply. In January this year, IBM announced new performance forecasts, with 2015 operating profits expected to be 15.75 to 16.50 dollars per share. (Lili)