Intel Corp (INTC)

[Elmer Phud]

Buffett buys into Intel

http://finance.fortune.cnn.com/2011/11/14/buffett-buys-into-intel/?cnn=yes

So much for Warren Buffett avoiding tech stocks.

Earlier today, Buffett disclosed that he spent nearly $11 billion to acquire a 5.5% stake in IBM (IBM). Now the famed value investor also has acquired shares in chipmaker Intel Corp. (INTC).

In a 13F filing, Buffett's Berkshire Hathaway revealed that it has acquired around 9.33 million Intel shares. The market value is just north of $200,000[edit: huh???]. In other words, this is a much smaller bet than IBM.

Just a few hours ago, Ted Parrish, co-manager or the Henssler Equity Fund (HEQFX), told CNNMoney that Intel would be a smart place for Buffett to make a bet -- arguing that it's an under-priced market leader paying a large dividend.

At this rate, maybe Buffett will soon buy some shares in Oracle (ORCL) -- a move that would open up all sorts of possibilities for headline writers...