By Wendy Sanacore
Warren Buffet has a history of letting his disdain towards technology be noted. Bu this shifted dramatically last Monday when it was announced that Buffett has been slowly building up his stake in the technology giant over the past 8 months. He now owns about a 5.5% stake in the company which could easily make him the largest shareholder.
So what made the mogul change his mind in regards to investing in the IBM stock?
Buffett examined the way IBM conducts its business and liked what he saw. The services IBM provides allows them to be indispensable to their corporate clients in a way that many companies just aren’t anymore.
I have often spoken in my blog about the way to do business and make your company indispensable to your clients. You want to be provide services in a manner that make you a strategic business partner, not simply a vendor.
This is the nugget of gold that Buffett apparently sees in IBM. He was quoted as saying, “It’s a company that helps IT departments do their jobs better….I don’t know of any large company that really has been as specific about what they intend to do and how they intend to do it as IBM.”
Here at TxMQ, we like this news a lot! We support the IBM spectrum of Middleware and Software products. Any good news for IBM is good news for us. Buffet backing IBM proves to us that our niche market is going to be one to stand the test of time, which just means we have more and more time to get even better at doing what we already do great!