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Technology Stocks : Nuance Communications, Inc.
NUAN 54.840.0%Aug 11 5:00 PM EST

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To: Patrick Slevin who wrote (614)1/17/2008 9:05:01 PM
From: Sr K  Read Replies (1) of 834
 
The American Express position that was under water was after the salad oil swindle by Billy Sol Estes (Amex had lost some money in it) more than 40 years ago. Buffett bought more and built his position to over 5% of the company.

KO does not pay Berkshire Hathaway "more in annual dividends than "he" paid for it."

They paid $1,299 million for 200,000,000 shares (some by selling puts according to the WSJ) that pay 34 cents a share a quarter. That's $272 million a year. The basis is $1,027,000,000 more.

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Four WPO dividends exceed their basis, but that's with appreciation of 12,400%.

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NUAN down 5% today.
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