Warren Buffett - one of the world's most closely watched investors - has disclosed building a 5.4% stake in IBM.
Mr Buffett's Berkshire Hathaway fund started buying shares in the firm in March, eventually spending around $10.7bn (£6.7bn).
The billionaire had steered away from technology firms in the past.
However, he said that he had been impressed by IBM's road map for how it planned to attract IT firms outside the US to sign up to its services.
"If you're in some country around the world and you're developing your IT department you're probably going to feel more comfortable with IBM than with many companies," he told the US television station CNBC. [BBC]
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