When it comes to tech investing, Warren Buffett and his lieutenants have clearly decided to stick to what they know. This does not mean that a similar result is guaranteed.
In securities filings Wednesday night, Mr. Buffett’s Berkshire Hathaway disclosed a large stake in HP Inc. The famed value investor now owns nearly 121 million shares, or about 11% stake, of the giant once-legendary technology that makes computers and printers personal. And at least 11 million of those shares were purchased after HP announced its agreement late last month to acquire video communications equipment maker Poly for about $1.7 billion in cash.