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Buffett duplicates technology hardware with HP

When it comes to investing in technology, Warren Buffett and his lieutenant have clearly decided to stick with what they know. This does not mean that a similar result is guaranteed.

On Wednesday night, Buffett’s Berkshire Hathaway unveiled a large stake in HP Inc.’s stock presentations. The well-known value investor now owns nearly 121 million shares, with a stake of about 11%, making it a personal technology giant of yesteryear. computers and printers. And at least $ 11 million of those shares were bought by HP at the end of last month when it announced its deal to buy Poly video communications equipment manufacturer Poly for about $ 1.7 billion in cash.

Buffett duplicates technology hardware with HP

Source link Buffett duplicates technology hardware with HP

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