IBM tumbles as Buffett discloses he is trimming stake
IBM shares tumbled Friday after billionaire investor Warren Buffett revealed he has sold about a third of his stake and "revalued" downward the computing giant.In early Wall Street trade, IBM shares were down 2.5 percent at $154.00.Buffett, who heads the Berkshire Hathaway holding company and is among the world's richest individuals, invested some $10.7 billion in IBM in 2011 for a stake of some 5.5 percent.
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