IBM was once the most admired company in the world. It was the main frame computer powerhouse. Then along came laptops followed by the internet that IBM has been in a recurring downward spiral. Nevertheless, the most successful investor, Warren Buffett, is the largest shareholder of IBM. And IBM has just completed twenty consecutive quarters of revenue decline. CNBC discusses Buffett taking a mega million dollar beating on IBM.
The billionaire Oracle of Omaha is the largest shareholder – through his Berkshire Hathaway – of the information technology behemoth, whose stock has been sliding since it recorded its 20th-straight quarterly revenue […]
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