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Historically, Mr. Buffett has avoided technology investments.
The deal is a watershed for Mr. Buffett, one of the most influential investors, who has avoided technology and communications investments -- even when they were hot -- despite occasional pleas from shareholders of his company, Berkshire Hathaway.
The Mid-Cap Stock fund soared 32.1% last year and is down 5.2% this year, handily beating its average mid-cap growth peer in both periods, according to Morningstar Inc. Felman has avoided technology stocks, Morningstar said, noting that Mid-Cap Stock had only 3% of assets in the sector at the end of the first quarter.
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The deal is a watershed for Mr. Buffett, who had avoided technology and communications investments even when they were hot.
So designers, who had avoided technology to the point of eschewing e-commerce, are using it to ride today's shopping wave.
Billionaire Warren Buffett, who has avoided investing in technology companies, saying he doesn't understand them, has made a bet on computer services by buying a 5.3% stake in Bell Industries Inc. of El Segundo.
This is yet another instance in a more than 40-year pattern under the Clean Air Act in which old and outdated technology has avoided new environmental standards.
Mark Rowland, an Atlanta money manager who has avoided buying the new technology names that led the Nasdaq market up last year and are leading it down this month, said that the that market remains expensive, despite its huge decline.
Since it never benefited from the technology boom, Family Circle has avoided the bust: ad pages for the January issue, for which sales just closed, were up 20.9percentt, according to the Publishers Information Bureau.
Having trained in classic technique, Ms. Carton had avoided using technology in her work.
That move was welcome for investors who had avoided the technology stocks that have dominated the stock market, particularly during the last six months.
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