The “Oracle of Omaha,” otherwise known as Warren Buffet has long time sworn off the tech industry. Word broke on May 16th of him buying a $1 billion stake in Apple Inc. Buffett is famously opposed to investing in tech companies, and four years ago Buffet specifically ruled out Apple as a possible investment. Buffet stated in a shareholder meeting that he wouldn’t invest in Google Inc. or Apple because he doesn’t know how to value them. He went on to say that that he “would rather be certain of a good result than hopeful for a great one.” He went on to tell the Associated Press, “It’s too hard to determine what tech companies will be worth in the future because their businesses evolve so quickly, but he’s certain Snickers candy bars and Coca-Cola will remain popular decades from now. Whenever you get a truly extraordinary business, they’re the hardest ones to value. It’s much easier for me to figure out what Coca-Cola is worth than Google or Facebook or you name it.” In the recent years, Buffet has added two guys to Berkshire’s investing team, Todd Combs and Ted Weschler. Buffet’s new guys have the enthusiasm to go into the corners of the market that Buffet will not, one of those being the tech sector. Buffet’s stance on investing in the tech industry shows how much rope he is willing to give these new protégés. It also shows what faith Buffet has in the tech industry. As much as Buffet says he will never invest in the tech sector, he wouldn’t let his investors drop money on something that is going to go south. Apple is the classic Berkshire stock. The tech industry is something that is always going to be around. You would be hard-pressed to find someone who doesn’t have a cell phone or a personal computer. Buffet has not come clean about which one of his guys made the investment in Apple, only that he was not consulted on it. Berkshire Hathaway’s shares were valued at around $1.07 billion as of March. Today, those shares are valued at $920 million. We will be keeping tabs on this purchase, stay tuned for transaction updates as they come along.
The Houston Business Journal recognizes the top 25 fastest growing technology companies within Houston with its annual Houston Fast Tech 25 list. Ranked based on revenue growth between 2012 and 2014, the list includes only businesses that are headquartered in the Houston area. Criteria also include that the company be at least 5 years old, privately owned, and earn more than $1 million in revenue for the most recent fiscal year.
Elevated Technologies has been honored with the #15 spot among the Houston Fast Tech 25 for the 2015 year! We are proud of our achievements in recent years and look forward to even more exciting growth in the future. With over 9 years of successful operation, we’ve seen a growth rate of over 108% in 2015.
Congratulations to the other companies included on the list, which include technology companies from The Woodlands, Sugar Land, and across the entire Houston area.
We look forward to providing reliable IT support services and cultivating more relationships with clients and customers throughout Houston.
We’re pleased to share that the incredible growth seen by Elevated Technologies has earned a place among the Houston Business Journal’s 2015 Fast 100 List. These 100 companies will be honored at a the Houston Fast 100 awards luncheon on Thursday, September 17. More than 800 professionals from industries across Houston are expected to attend in anticipation of the list’s rankings.
The Houston Fast 100 Awards are annually assigned to honor the fastest-growing private companies throughout the city. To qualify, businesses must be headquartered in Houston and have been in operation for at least 5 years. Last year’s recipients ranged from construction companies to financial advisers, many of whom featured astounding levels of growth from 2011 to 2013. We are honored to be included in this year’s list and look forward to connecting with other local business owners at the upcoming luncheon.