Warren Buffett has given up on IBM (NYSE:IBM), but that's not necessarily the negative that the media has painted it. Buffett has been selling his previously large stake in the technology giant. The Oracle of Omaha only owned shares for roughly six years, which is a quick turnaround for a man that invests with a decade long time frame.
This suggests the thesis at IBM has weakened materially and in a rather quick time frame. However, the flip side of that might be that Buffett never really understood what he owned in the first place. Buffett noted, "I don't value IBM the same way that I did 6 years ago when I started buying... I've revalued it somewhat downward."
