Apple price climbed by more than 2 percent on Monday after news that Warren Buffett’s power company, Berkshire Hathaway bought the shares for $ 1 billion, just over 8 billion.
There are welcome news for Apple’s stock, which has been fighting an uphill battle. Last month, Apple reported declining sales of mobile phone Iphone, and shrinking profits. Such a thing has not happened in 13 years, and crayfish walking on the Nasdaq stock market has made Apple’s market value less than Google-owners Alpha Beth.
In connection with , the weak report also announced the investor Carl Icahn that he sold his holdings in Apple.
is not known about Warren Buffett himself behind the surprising maneuver. Warren Buffett has often reiterated its reluctance to invest in technology companies, on the grounds that he does not understand them well enough.
Two managers Berkshire Hathaway named Todd Combs and Ted Weschler, usually responsible for investments of up to $ 1 billion. They have also conducted earlier investments in technology shares, as a foray into Intel.
Since 2011 company is also a major shareholder of IBM, a holding that has been increased according to the disclosure notice, which also contained the news Apple purchase.
to Warren Buffett aversion to computers and technology seem to have diminished lately, also stresses that he is considering to finance an investment in troubled Yahoo.
Yahoo boss Marissa Mayer announced in February that the company will auction off its core business in Internet services as search, email and news. The idea is that only a valuable stake in Chinese Alibaba, and Yahoo’s Japanese movement, will remain after the sale.
Among the bidders are a group of investors led by Dan Gilbert, who once founded the US mortgage company, Quicken Loans.
Berkshire Hathaway supports consortium, which is reported to have made it through to a second round of discussions, and may act lender at a purchase. Competition from other bidders, such as telecom giant Verizon, said to be very hard.
No comments:
Post a Comment