George Soros Buys IBM, Philip Morris, Wal-Mart Stakes, WSJ Says
Bloomberg News
February 19, 1999, 3:33 a.m. PT
New York, Feb. 19 (Bloomberg) -- George Soros's Soros Fund
Management bought stakes in International Business Machines
Corp., Philip Morris Cos. and Wal-Mart Stores Inc. in the fourth-
quarter, while PepsiCo Inc. was the firm's top new purchase by
market value in the quarter, the Wall Street Journal said, citing
Federal Filings. Soros Fund Management owned 4.9 million shares
of Pepsi with a market value of $203 million, 2.6 million shares
of Philip Morris and 1 million shares of IBM. Southern New
England Telecommunications Corp., acquired by SBC Communications
Inc. in October, was the top company sold by Soros in market
value in the fourth quarter, while the financier acquired stakes
in Sun Microsystems Inc., Ford Motor Co., Oracle Corp., Seagate
Technology Inc., Tricon Global Restaurants Inc. and Novell Inc.,
according to Federal Filings, the Journal said.
In the third quarter, the value of Soros's U.S. stock
holdings fell by more than half to $3.9 billion on Sept. 30 from
$8 billion on June 30, according to filings with the U.S.
Securities and Exchange Commission.
(WSJ 2/19 B5 wsj.com) |
