With a Windows 8 launch coming so soon, why is Warren Buffett selling all his Intel shares?
I’m by no means a financial analyst but this is troubling.
Warren Buffett’s company (Omaha-based Berkshire Hathaway Inc.) has dropped its entire stake in Intel.
They revealed the moves in a regulatory filing after the market closed Tuesday. In the three months ending June 30, Berkshire dropped all of its 7.7 million shares in Intel Corp.
For those who don’t know, Warren Buffett is one of the richest men in the world but is more widely known as the Oracle of Omaha for his financial investment wisdom. His company has a $74.3 billion stock portfolio.
What’s troubling about this particular sale is that he knows Windows 8 will be here soon and logically if he thought that the launch would be a boon for Intel based devices, you would think he would either buy more Intel or stay put.
Of course, this could all be coincidence and unrelated. Let’s keep an eye on this one.
Be clear: I am not giving any financial advice – this is just speculation.