International Business Machines Corp. (NYSE:IBM) likely isn’t flying under anyone’s radar. From its humble beginnings as the Computing-Tabulating-Recording Company in the early 20th century, this Armonk, New York based mega technology corporation has grown to a top 20 company in the world. But even without that tidbit of information, you’ve surely heard about the company.
Perhaps two of the most well-respected value investors – Warren Buffett and Peter Lynch – have commented specifically on this company. Warren Buffett’s Berkshire Hathaway purchased 63.9 million shares or about 5.5% of the company in 2011 stating the following:
“I was late to the IBM party. I have been reading the company’s annual report for more than 50 years, but it wasn’t until a Saturday in March last year that my thinking crystallized.”
In an interview, he went on to describe that in his early entrepreneurial days he competed against IBM products only to be told that “nobody ever got fired for going with IBM.” Read more
Perhaps two of the most well-respected value investors – Warren Buffett and Peter Lynch – have commented specifically on this company. Warren Buffett’s Berkshire Hathaway purchased 63.9 million shares or about 5.5% of the company in 2011 stating the following:
“I was late to the IBM party. I have been reading the company’s annual report for more than 50 years, but it wasn’t until a Saturday in March last year that my thinking crystallized.”
In an interview, he went on to describe that in his early entrepreneurial days he competed against IBM products only to be told that “nobody ever got fired for going with IBM.” Read more
