low-tech guru Warren Buffett, long file antipathy IT sector by buying 5% of IBM, saying he was "beaten between the eyes" of their competitive advantage

billionaire investor Warren Buffett has ended its moratorium on technology investments, taking a 12 billion (£ 7.5 billion) at IBM, the technology company 100 years.

Berkshire Hathaway investment company Buffett bought shares of IBM since March and now has 64 million shares, or approximately 5.4% of the outstanding shares, Buffett said in an interview Monday in the financial news channel CNBC.

The investor has received permission from the authorities of securities regulation to keep secret shopping in several months, but ended up buying the company also found that the addition of small farms in case Intel Corp., DirecTV, General Dynamics Corp. and CVS Caremark

Buffett is a close friend of Bill Gates, cofounder of Microsoft, but has come to avoid high-tech stocks, preferring to invest in names such as Coca-Cola and American Express, or companies of insurance.

dominated the computer industry, but was on the verge of collapse in late 1994, thanks in part to their inability to use the new wave of computing led by Microsoft. In 1990, had one of their most profitable. But in 1992, IBM lost $ 5 billion - and then, more than any other American company had never lost in a year
Under former CEO Louis Gerstner, IBM has been one of the most significant decisions in the history of the company. The company focuses in services, embraced the Internet and sold its personal computer.