Warren Buffett said his Berkshire Hathaway Inc. has invested $10.7 billion in International Business Machines Corp. this year, a major shift for the billionaire investor, who has famously avoided technology stocks, according to the Wall St Journal report.
Berkshire purchased 64 million shares, or about 5.4% of the outstanding stock, beginning in March and building the stake throughout the year, Mr. Buffett said in an interview Monday on CNBC televsion.
Berkshire's purchases come as IBM's stock has repeatedly set all-time highs. Based on Friday's close, Berkshire's stake would be valued at about $12 billion….
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