ADVFN - Advanced Financial Network.
HOME» NASDAQ » I » INTC Stock Price » INTC Stock News

Intel Share News

 Intel (mm) Stock Price
INTC Stock Price
 Intel (mm) Stock Chart
INTC Stock Chart
 Intel (mm) Stock News
INTC Stock News
 Intel (mm) Company Information
INTC Company Information
 Intel (mm) Stock Trades
INTC Stock Trades

Buffett's Berkshire Shows New Stakes In General Motors, Viacom

By Erik Holm Of DOW JONES NEWSWIRES NEW YORK -(Dow Jones)- Warren Buffett's Berkshire Hathaway Inc. (BRKA, BRKB) revealed new investments in Viacom Inc. (VIA) and General Motors Co. (GM), though both holdings were small enough to suggest they may not have been made by the company's famous chairman. Berkshire held 10 million shares of General Motors, the once-struggling automaker, at the end of March, according to a regulatory filing released Tuesday. The stake was worth $257 million. Its holding of 1.59 million shares of Viacom, the owner of Paramount studios and various cable networks, was valued at $75.5 million at March 31. The holdings were the only new additions to Berkshire's portfolio in a quarter that saw the company alter or eliminate positions in several other stocks. But the size of the holdings suggested they were investments made by Berkshire's new portfolio managers, Todd Combs and Ted Weschler. But not every move in the portfolio was revealed in the securities filing. Berkshire said it had been granted permission by the U.S. Securities and Exchange Commission to keep some information confidential for now. The last time Berkshire was given the chance to keep a new investment hidden for a time, Buffett himself was building a massive new position in International Business Machines Corp. (IBM) last year. Among the stock picks that are commonly thought to be Buffett's, the filing revealed a larger position in long-time holding Wells Fargo & Co. (WFC), Wal-Mart Stores Inc. (WMT) and a slightly increased stake in IBM. Stakes in Kraft Foods Inc. (KFT) and Procter & Gamble Co. (PG) declined. Berkshire also showed no stake in long-term holding Comdisco Holdings Co. (CDCO). Buffett's company also reported additional shares of Bank of New York Mellon Corp. (BK), DirecTV Group Inc. (DTV), Liberty Media Corp.(LMCA) and dialysis provider DaVita Inc. (DVA). Stakes in Dollar General Corp. (DG), Intel Corp. (INTC) and Verisk Analytics Inc. (VRSK) dropped. Berkshire's total U.S. stock investments were worth $75.3 billion at the end of the first quarter, up from the $66.2 billion Berkshire reported at the end of 2011. Buffett's company, like other firms that control an investment portfolio of more than $100 million, is required to report its U.S. stock holdings 45 days after the end of a given quarter. News about Berkshire's stock picks has the power to move the market. Some money managers use the disclosure to mimic the investment success of the "Oracle of Omaha." But Buffett, 81, has repeatedly warned that not all the moves in the investment portfolio are his. A portion of the portfolio was long managed by Lou Simpson, the investment manager at Berkshire-owned car insurer Geico Corp. He stepped down a year ago and Combs and Weschler have stepped in. "When our quarterly filings report relatively small holdings, these are not likely to be buys I made but rather holdings denoting purchases by Todd or Ted," Buffett wrote in his widely read shareholder letter in February. Each of the two men has been handed "a few billion dollars" of Berkshire's money to invest initially, Buffett said in the letter. But they will gradually get more of Berkshire's money to invest over time and may be joined by a third investment manager. Upon Buffett's eventual departure from the company, the managers would take over Berkshire's entire portfolio. "They have the brains, judgment and character" for the job, Buffett wrote. -By Erik Holm, Dow Jones Newswires; 212-416-2892; erik.holm@dowjones.com

Stock News for Intel (INTC)
DateTimeHeadline
08/12/201416:47:33TECH STOCKS: Twitter Among Few Gainers In Weak Tech Session
08/11/201415:11:27Intel Details New 14-Nanometer Chip -- 2nd Update
08/11/201413:48:12Intel Details New 14-Nanometer Chip -- Update
08/11/201413:20:07Intel Details New Chip Aimed at Tablets
08/07/201414:30:29IBM Unveils Chip Simulating Brain Functions
08/06/201417:56:24TECH STOCKS: Facebook Hits New High; LinkedIn Rallies
08/05/201417:56:17TECH STOCKS: Apple, Twitter Shares Rally, Lifting Techs
07/23/201419:42:43Have Big-Screen Smartphones Crashed the Tablet Party?
07/23/201411:29:13TECH STOCKS: Apple, Microsoft Fuel Broad Tech Gains
07/21/201403:20:37MARKET SNAPSHOT: Small Caps' Slump, Ukraine Fears May Hold Up...
07/17/201402:04:35Dow Rises to Record Close
07/17/201402:02:47MARKET SNAPSHOT: U.S. Stocks Gain; Dow Sets Its 15th Record Of...
07/17/201401:48:19MARKET SNAPSHOT: U.S. Stocks Trim Gains, But Dow Stays In Record...
07/17/201401:43:53TECH STOCKS: Intel Rises, Yahoo Falls After Earnings Results
07/17/201401:36:37MARKET SNAPSHOT: Dow Hits Intraday Record; Apple, IBM Drive Gains
07/17/201401:29:32MARKET SNAPSHOT: U.S. Stocks Open Higher; Yellen In Focus
07/16/201423:58:59MARKET SNAPSHOT: U.S. Stocks: Futures Rise; PPI Up In June
07/16/201421:16:22U.S. Hot Stocks: Hot Stocks to Watch
07/15/201417:09:10MARKET SNAPSHOT: U.S. Stocks Close Lower; Dow Ekes Out A Gain
07/15/201417:07:23MARKET SNAPSHOT: Momentum Plays Pull Down U.S. Stock Market

Intel and other NASDAQ stock quotes are delayed by at least 20 minutes.
All other stock price and quote data is delayed by at least 15 minutes unless otherwise stated. By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad