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Politics : Formerly About Applied Materials

AMAT 284.31

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Jan 5 3:59 PM EST

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To: Lone Star who wrote (34372)	2/22/2000 9:58:00 AM
From: Proud_Infidel	of 70976

Looks like Mr. Buffet finally "got religion": Buffett's Berkshire Denied Confidentiality for Holdings by SEC By Miles Weiss Buffett's Berkshire Denied Confidentiality for Holdings by SEC Washington, Feb. 22 (Bloomberg) -- Warren Buffett disclosed that his Berkshire Hathaway Inc. owns stakes in Microsoft Corp. and Robert Half International Inc. after the Securities and Exchange Commission refused to let the billionaire report these holdings on a confidential basis. Berkshire, based in Omaha, Nebraska, held 167,500 Microsoft preferred shares at Sept. 30, according to documents filed with the Securities and Exchange Commission. Other stakes reported in the filing include 1 million shares in Robert Half and 1.86 million shares in Cox Communications Inc. However, both of these stocks may have been selections made by Louis Simpson, who runs an investment portfolio for Geico Corp., a subsidiary of Berkshire. Investment managers who oversee $100 million or more of equities must report their holdings to the SEC in a Form 13F at the end of each quarter. The SEC also allows such managers to file a separate, confidential report if they can show that disclosure would disrupt their trading strategies. Buffett for many years has filed a confidential 13F that was disclosed to the public about one year later. However, he said in the amended Form 13F filed today that the SEC had refused at least some of his latest requests for confidential status. The Form 13F lists securities ''pursuant to a request for confidential treatment and for which that request was denied on Feb. 4,'' the SEC filing said. ''Berkshire has chosen not to appeal the denial of confidentiality as to these securities even though Berkshire believes that its confidentiality request was appropriate.''

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