Buffett's other big tech bet has been a bust

May 16, 2016 6:04 PM

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Investors might be tempted to follow Berkshire Hathaway's faith in Apple (AAPL). But his other big bet on a big tech company hasn't worked out well.

Berkshire just plunked down on $1 billion on Apple, but its largest technology holding is still International Business Machines (IBM). Berkshire owns 81 million shares of IBM - or 8.4% of its shares outstanding - for a total investment of about $12 billion, says S&P Global Market Intelligence. That ...

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