Warren Buffett Bidding for Yahoo Assets with Quicken Loans Founder
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Re: Warren Buffett Bidding for Yahoo Assets with Quicken Loans Founder
#2Buffet buying a stake in a technology company. Never thought I'd see the day.
Re: Warren Buffett Bidding for Yahoo Assets with Quicken Loans Founder
#3It sound as a good news for everybody.
Buffett is know for not putting too much pressure on his investments giving them the time to grow and be profitable.
It is a strategy that worked pretty well, however a technology company is a different beast from the other companies in the Hathaway portfolio (winner takes it all/most), said so Yahoo can still an important player with the right management.
Re: Warren Buffett Bidding for Yahoo Assets with Quicken Loans Founder
#4Buffet buying a stake in a technology company. Never thought I'd see the day.
He bought into ibm
Re: Warren Buffett Bidding for Yahoo Assets with Quicken Loans Founder
#5Re: Warren Buffett Bidding for Yahoo Assets with Quicken Loans Founder
#6Earlier quoted context omitted.
He bought into ibm
I know they have a quantum computer, Watson AI, and that Power architecture...but isn't IBM primarily a sales and consulting company? at least, by revenue and headcount?
https://en.wikipedia.org/wiki/IBM_Research
According to Wikipedia, they are also the world's largest industrial research organization.
Re: Warren Buffett Bidding for Yahoo Assets with Quicken Loans Founder
#7Earlier quoted context omitted.
He bought into ibm
I know they have a quantum computer, Watson AI, and that Power architecture...but isn't IBM primarily a sales and consulting company? at least, by revenue and headcount?
IBM spends a lot of money on research and development, as far as I can tell they just usually exit markets that don't have high margins.
Re: Warren Buffett Bidding for Yahoo Assets with Quicken Loans Founder
#8Earlier quoted context omitted.
He bought into ibm
I know they have a quantum computer, Watson AI, and that Power architecture...but isn't IBM primarily a sales and consulting company? at least, by revenue and headcount?
Is yahoo really a technology company? IMO it's more of a media company.
Re: Warren Buffett Bidding for Yahoo Assets with Quicken Loans Founder
#9Buffet buying a stake in a technology company. Never thought I'd see the day.
He probably realised they're going to sell it for nothing close to its actual value.
Re: Warren Buffett Bidding for Yahoo Assets with Quicken Loans Founder
#10It seems that Buffett is helping finance the offer. He might not be the part of the consortium. He may have arranged a loan for them. That would be more the style of Buffet. Selling pickaxes during a gold rush. He rarely invests directly in technology companies.
>The consortium is in the second round of bidding in the auction for Yahoo's assets, the people said. Buffett is helping finance the offer, one of the people added.
http://www.reuters.com/article/us-yahoo-m-a-buffett-idUSKCN0...