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David Williams Buys Lorillard, Eaton Corp., American International Group Inc., Sells Washington Mutual Inc., Harman International Industries Inc., Ambac Financial Group Inc.

David Williams runs Columbia Value and Restructuring Fund. his fund averaged more than 15% over the past 5 years. Over the lifetime of his fund, he has gained more than 10% annually. These are his buys and sells during the second quarter of 2008. David Williams owns 132 stocks with a total value of $10.408 billion.

David Williams buys Lorillard, Eaton Corp., American International Group Inc., sells Washington Mutual Inc., Harman International Industries Inc., Ambac Financial Group Inc., Horsehead Hldg Corp during the 3-months ended 06/30/2008. David Williams owns 132 stocks with a total value of $10.408 billion. These are the details of the buys and sells.

For the details of 's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=

Added: (GMBXF.PK)

David Williams added to his holdings in by 209.38%. The impact to his portfolio due to this purchase was 0.73%. His holdings were 49,500,000 shares as of 06/30/2008.

has a market cap of $ million; its shares were traded at around $ .

Added: CommScope Inc. (CTV)

David Williams added to his holdings in CommScope Inc. by 27.78%. His purchase prices were between $36.55 and $55.4, with an estimated average price of $48.7. The impact to his portfolio due to this purchase was 0.25%. His holdings were 2,300,000 shares as of 06/30/2008.

Commscope Inc. is a world leader in infrastructure solutions for communication networks. Through its SYSTIMAX Solutions and Uniprise Solutions brands CommScope is the global leader in structured cabling systems for business enterprise applications. It is also the world's largest manufacturer of coaxial cable for Hybrid Fiber Coaxial applications. Backed by strong research and development CommScope combines technical expertise and proprietary technology with global manufacturing capability to provide customers with high-performance wired or wireless cabling solutions. CommScope Inc. has a market cap of $3.63 billion; its shares were traded at around $49.93 with a P/E ratio of 25.34 and P/S ratio of 1.39.

Added: Companhia Vale Do Rio Doce (RIO)

David Williams added to his holdings in Companhia Vale Do Rio Doce by 28%. His purchase prices were between $34.57 and $43.91, with an estimated average price of $38. The impact to his portfolio due to this purchase was 0.24%. His holdings were 3,200,000 shares as of 06/30/2008.

VALE RIO DO-ADR is a mining company that specializes in the mining of iron ore and pellets manganese alloys gold copper potassium and kaolin. Companhia Vale Do Rio Doce has a market cap of $ million; its shares were traded at around $29.9 . The dividend yield of Companhia Vale Do Rio Doce stocks is 0.84%.

Added: BristolMyers Squibb Company (BMY)

David Williams added to his holdings in BristolMyers Squibb Company by 35.48%. His purchase prices were between $19.28 and $23, with an estimated average price of $21.3. The impact to his portfolio due to this purchase was 0.22%. His holdings were 4,200,000 shares as of 06/30/2008.

Bristol-Myers Squibb Company is a global leader in the research and development of innovative lifesaving and life-enhancing treatments for heart disease; high blood pressure; stroke; diabetes; cancer; HIV/AIDS and other infectious diseases; depression schizophrenia and other mental disorders; pain; and other conditions. BristolMyers Squibb Company has a market cap of $43.08 billion; its shares were traded at around $21.83 with a P/E ratio of 20.20 and P/S ratio of 2.14. The dividend yield of BristolMyers Squibb Company stocks is 5.58%.

Added: Sterlite Industries Ltd. (SLT)

David Williams added to his holdings in Sterlite Industries Ltd. by 35.14%. His purchase prices were between $16.14 and $22.14, with an estimated average price of $19.9. The impact to his portfolio due to this purchase was 0.2%. His holdings were 5,000,000 shares as of 06/30/2008.

Sterlite Industries Ltd. is a leading producer of copper in India. Sterlite a part of Vedanta Resources a London listed metals and mining major with Aluminium Copper and Zinc operations in India and Australia continues to seek improvements in its business having set benchmarks to LME grade A standards in Copper products manufacturing. Sterlite Industries Ltd. has a market cap of $10.2 billion; its shares were traded at around $14.42 with a P/E ratio of 9.74 and P/S ratio of 1.75.

Added: Genworth Financial Inc. (GNW)

David Williams added to his holdings in Genworth Financial Inc. by 55%. His purchase prices were between $17.89 and $24.16, with an estimated average price of $21.9. The impact to his portfolio due to this purchase was 0.19%. His holdings were 3,100,000 shares as of 06/30/2008.

Genworth Financial is a leading insurance company in the U.S. with an expanding international presence serving the life and lifestyle protection retirement income investment and mortgage insurance needs of their customers. They distribute their products and services through an extensive and diversified distribution network that includes financial intermediaries independent producers and dedicated sales specialists. Genworth Financial Inc. has a market cap of $7.23 billion; its shares were traded at around $16.37 with a P/E ratio of 7.31 and P/S ratio of 0.63. The dividend yield of Genworth Financial Inc. stocks is 2.46%.

Added: Rockwell Automation Inc. Common (ROK)

David Williams added to his holdings in Rockwell Automation Inc. Common by 20%. His purchase prices were between $43.92 and $61.02, with an estimated average price of $55.5. The impact to his portfolio due to this purchase was 0.15%. His holdings were 2,100,000 shares as of 06/30/2008.

Rockwell Automation is a leading global provider of industrial automation power control and information solutions that help customers meet their manufacturing productivity objectives. The Company brings together leading brands in industrial automation for Complete Automation solutions including Allen-Bradley controls and services Dodge mechanical power transmission products Reliance Electric motors and drives and Rockwell Software factory management software. Rockwell Automation Inc. Common has a market cap of $6.59 billion; its shares were traded at around $43.63 with a P/E ratio of 10.89 and P/S ratio of 1.19. The dividend yield of Rockwell Automation Inc. Common stocks is 2.66%.

Added: AGCO Corp. (AG)

David Williams added to his holdings in AGCO Corp. by 10.34%. His purchase prices were between $50.7 and $69.84, with an estimated average price of $59.6. The impact to his portfolio due to this purchase was 0.15%. His holdings were 3,200,000 shares as of 06/30/2008.

AGCO CORP. is engaged in the manufacturer and distribution of farm equipment machinery and replacement parts in the United States and Canada. Products include tractors combines hay tools and forage equipment and implements. AGCO Corp. has a market cap of $4.88 billion; its shares were traded at around $54.87 with a P/E ratio of 18.29 and P/S ratio of 0.69.

Added: Harris Corp. (HRS)

David Williams added to his holdings in Harris Corp. by 6.25%. His purchase prices were between $48.57 and $65.78, with an estimated average price of $55.6. The impact to his portfolio due to this purchase was 0.15%. His holdings were 5,100,000 shares as of 06/30/2008.

Harris Corporation is an international company focused on communicationsequipment for voice data and video applications. The company structures its operations around five operating divisions which divisions have been organized on the basis of specific communications technology and markets. For the most part each operating division has its own marketingengineering manufacturing and service organization. The company produces most of the products it sells except for certain broadcast products sold by the Broadcast Communications Division. Harris Corp. has a market cap of $6.74 billion; its shares were traded at around $50.08 with a P/E ratio of 16.79 and P/S ratio of 1.33. The dividend yield of Harris Corp. stocks is 1.19%.

Added: Nokia Corp. (NOK)

David Williams added to his holdings in Nokia Corp. by 11.63%. His purchase prices were between $24.03 and $33.08, with an estimated average price of $28.1. The impact to his portfolio due to this purchase was 0.12%. His holdings were 4,800,000 shares as of 06/30/2008.

Nokia is the world leader in mobile communications. Backed by its experience innovation user-friendliness and secure solutions the company has become the leading supplier of mobile phones and a leading supplier of mobile fixed and IP networks. By adding mobility to the Internet Nokia creates new opportunities for companies and further enriches the daily lives of people. Nokia is a broadly held company with listings on six major exchanges. Nokia Corp. has a market cap of $100.8 billion; its shares were traded at around $27.32 with a P/E ratio of 8.81 and P/S ratio of 1.21. The dividend yield of Nokia Corp. stocks is 2.18%.

Added: Tyco International Ltd. (TYC)

David Williams added to his holdings in Tyco International Ltd. by 12.5%. His purchase prices were between $40.08 and $47.23, with an estimated average price of $44.5. The impact to his portfolio due to this purchase was 0.12%. His holdings were 2,700,000 shares as of 06/30/2008.

Tyco International Ltd. a diversified manufacturing and service company is the world's largest manufacturer and servicer of electrical and electronic components and undersea telecommunications systems the world's largest manufacturer installer and provider of fire protection systems and electronic security services has strong leadership positions in disposable medical products plastics and adhesives and is the largest manufacturer of flow control valves. (press release) Tyco International Ltd. has a market cap of $20.15 billion; its shares were traded at around $41.71 with P/S ratio of 1.02. The dividend yield of Tyco International Ltd. stocks is 1.45%.

Added: AerCap Holdings N.V. (AER)

David Williams added to his holdings in AerCap Holdings N.V. by 18%. His purchase prices were between $12.26 and $19.34, with an estimated average price of $16.1. The impact to his portfolio due to this purchase was 0.11%. His holdings were 5,900,000 shares as of 06/30/2008.

AERCAP HOLDINGS is an integrated global aviation company with a leading market position in aircraft and engine leasing trading and parts sales.They also provides aircraft management services and performs aircraft and engine maintenance repair and overhaul services and aircraft disassemblies through its certified repair stations. AerCap Holdings N.V. has a market cap of $1.23 billion; its shares were traded at around $14.16 with a P/E ratio of 6.88 and P/S ratio of 1.05.

Added: ACE Ltd. (ACE)

David Williams added to his holdings in ACE Ltd. by 6.25%. His purchase prices were between $55.24 and $61.19, with an estimated average price of $58.7. The impact to his portfolio due to this purchase was 0.11%. His holdings were 3,400,000 shares as of 06/30/2008.

ACE LTD. provides excess liability insurance for bodily injury property damage & wrongful advertising. ACE offers excess liability insurance for corporate directors and officers against wrongful acts and claims and satellite insurance for launch and in-orbit operations. ACE Ltd. has a market cap of $15.75 billion; its shares were traded at around $47.75 with a P/E ratio of 7.09 and P/S ratio of 1.16. The dividend yield of ACE Ltd. stocks is 2.37%.

Added: America Movil S.A.B. de C.V. (AMOV)

David Williams added to his holdings in America Movil S.A.B. de C.V. by 3.92%. His purchase prices were between $52.25 and $65.61, with an estimated average price of $58. The impact to his portfolio due to this purchase was 0.1%. His holdings were 5,300,000 shares as of 06/30/2008.

America Movil S.A.B. de C.V. has a market cap of $ million; its shares were traded at around $52.05 . The dividend yield of America Movil S.A.B. de C.V. stocks is 0.7%.

Added: Avon Products Inc. (AVP)

David Williams added to his holdings in Avon Products Inc. by 9.68%. His purchase prices were between $35.44 and $40.74, with an estimated average price of $38.6. The impact to his portfolio due to this purchase was 0.1%. His holdings were 3,400,000 shares as of 06/30/2008.

Avon Products Inc. is one of the world's leading manufacturers and marketers of beauty and related products which include cosmetics fragrance and toiletries; beauty plus which consists of jewelry and accessories and apparel; and non-core which consists of gift and decorative and home entertainment products. Avon Products Inc. has a market cap of $15.41 billion; its shares were traded at around $35.83 with a P/E ratio of 27.70 and P/S ratio of 1.49. The dividend yield of Avon Products Inc. stocks is 2.21%.

New Purchase: Lorillard (LO)

David Williams initiated holdings in Lorillard. His purchase prices were between $67.98 and $72.76, with an estimated average price of $70.6. The impact to his portfolio due to this purchase was 2.75%. His holdings were 4,139,637 shares as of 06/30/2008.

LORILLARD is the third largest manufacturer of cigarettes in the United States. Lorillard is the oldest continuously operating tobacco company in the U.S. Newport Lorillard's flagship brand is a menthol-flavored premium cigarette brand and the top selling menthol and second largest selling cigarette in the U.S. In addition to Newport the Lorillard product line has five additional brand families marketed under the Kent? True? Maverick? Old Gold? and Max? brand names. These six brands include 44 different product offerings which vary in price taste flavor length and packaging. Lorillard's manufactures all of its products at its Greensboro North Carolina facility and maintains its headquarters there. Lorillard has a market cap of $11.77 billion; its shares were traded at around $67.69 with a P/E ratio of 13.54 and P/S ratio of 3.58. The dividend yield of Lorillard stocks is 2.66%.

New Purchase: Eaton Corp. (ETN)

David Williams initiated holdings in Eaton Corp.. His purchase prices were between $78.49 and $96.68, with an estimated average price of $88.6. The impact to his portfolio due to this purchase was 1.06%. His holdings were 1,300,000 shares as of 06/30/2008.

Eaton Corporation is a global diversified industrial manufacturer. Eaton is one of the leaders in fluid power systems electrical power quality and controls automotive air management and fuel economy and intelligent truck components for fuel economy and safety. Eaton Corp. has a market cap of $10.61 billion; its shares were traded at around $71.58 with a P/E ratio of 10.77 and P/S ratio of 0.78. The dividend yield of Eaton Corp. stocks is 2.74%.

New Purchase: American International Group Inc. (AIG)

David Williams initiated holdings in American International Group Inc.. His purchase prices were between $27.75 and $48.77, with an estimated average price of $39.6. The impact to his portfolio due to this purchase was 0.94%. His holdings were 1,650,000 shares as of 06/30/2008.

American International Group Inc. world leaders in insurance and financial services is the leading international insurance organization with operations in more than one hundred thirty countries and jurisdictions. AIG companies serve commercial institutional and individual customers through the most extensive worldwide property-casualty and life insurance networks of any insurer. In addition AIG companies are leading providers of retirement services financial services and asset management around the world. American International Group Inc. has a market cap of $65.87 billion; its shares were traded at around $26.53 with P/S ratio of 0.71. The dividend yield of American International Group Inc. stocks is 3.19%.

Reduced: Pinnacle Gas Resources Inc. (PINN)

David Williams reduced to his holdings in Pinnacle Gas Resources Inc. by 57.88%. His sale prices were between $2.37 and $4.01, with an estimated average price of $3.2. The impact to his portfolio due to this sale was -0.01%. David Williams still held 379,087 shares as of 06/30/2008.

PINNACLE GAS RESOURCES INC. is an independent energy company engaged in the acquisition exploration and development of domestic onshore natural gas reserves primarily located in the Rocky Mountain region. The Company focuses on the development of coalbed methane properties located in the Rocky Mountain region and is a holder of CBM acreage in the Powder River Basin. Pinnacle owns almost all of the rights to develop conventional and unconventional oil and gas in zones below its existing CBM reserves. The Company?s undeveloped acreage is located on the northern end of the Powder River Basin in northeastern Wyoming and southern Montana. Pinnacle Gas Resources Inc. has a market cap of $75.40 million; its shares were traded at around $2.77 with P/S ratio of 5.30.

Reduced: Eagle Materials Inc. (EXP)

David Williams reduced to his holdings in Eagle Materials Inc. by 30.77%. His sale prices were between $26.15 and $37.24, with an estimated average price of $34.2. The impact to his portfolio due to this sale was -0.07%. David Williams still held 900,000 shares as of 06/30/2008.

Eagle Materials Inc. is a Dallas-based company that manufactures and distributes Cement Gypsum Wallboard Recycled Paperboard and Concrete and Aggregates. Eagle Materials Inc. has a market cap of $989.13 million; its shares were traded at around $23.54 with a P/E ratio of 10.75 and P/S ratio of 1.36. The dividend yield of Eagle Materials Inc. stocks is 3.41%.

Reduced: LOEWS Corp. (L)

David Williams reduced to his holdings in LOEWS Corp. by 71.42%. His sale prices were between $41.04 and $50.4, with an estimated average price of $46.5. The impact to his portfolio due to this sale was -0.56%. David Williams still held 1,743,375 shares as of 06/30/2008.

Loews Corporation is a holding company. Its subsidiaries are engaged in thefollowing lines of business: property casualty and life insurance; the production and sale of cigarettes; the operation of hotels; the operation of offshore oil and gas drilling rigs; and the distribution and sale of watches and clocks. LOEWS Corp. has a market cap of $22.97 billion; its shares were traded at around $43.5 with a P/E ratio of 12.42 and P/S ratio of 1.26. The dividend yield of LOEWS Corp. stocks is 0.58%.

Sold Out: Washington Mutual Inc. (WM)

David Williams sold out his holdings in Washington Mutual Inc.. His sale prices were between $4.8 and $12.68, with an estimated average price of $9.4. The impact to his portfolio due to this sale was less than 0.01%.

Washington Mutual Inc. is engaged in consumer banking mortgage banking commercial banking financial services and consumer finance. The companyconducts its business operations through its subsidiaries. The company's principal banking subsidiaries are Washington Mutual Bank FA Washington Mutual Bank and Washington Mutual Bank fsb. Its other principal subsidiaries are Washington Mutual Finance Corporation Long Beach Mortgage Company and WM Financial Services Inc. Washington Mutual Inc. has a market cap of $5.76 billion; its shares were traded at around $5.48 with P/S ratio of 0.73. The dividend yield of Washington Mutual Inc. stocks is 0.68%.

Sold Out: Horsehead Hldg Corp (ZINC)

David Williams sold out his holdings in Horsehead Hldg Corp. His sale prices were between $11.91 and $14.89, with an estimated average price of $13.1. The impact to his portfolio due to this sale was less than 0.01%.

Horsehead Holding Corp. is the parent company of Horsehead Corporation a leading U.S. producer of specialty zinc and zinc-based products. Horsehead headquartered in Monaca Pa. employs over thousand people and has six operating locations throughout the U.S. Horsehead Hldg Corp has a market cap of $387.24 million; its shares were traded at around $10.48 with a P/E ratio of 5.03 and P/S ratio of 0.71.

Sold Out: Ambac Financial Group Inc. (ABK)

David Williams sold out his holdings in Ambac Financial Group Inc.. His sale prices were between $1.61 and $5.97, with an estimated average price of $3.8. The impact to his portfolio due to this sale was less than 0.01%.

Ambac Financial Group Inc. is a holding company whose subsidiaries provide financial guarantee products and other financial services to clients in both the public and private sectors around the world. Through its financial services subsidiaries the Company provides investment agreements interest rate swaps investment advisory and cash management services primarily to states municipalities and their authorities. Ambac Financial Group Inc. has a market cap of $622.40 million; its shares were traded at around $2.23 . The dividend yield of Ambac Financial Group Inc. stocks is 1.79%.

Sold Out: Harman International Industries Inc. (HAR)

David Williams sold out his holdings in Harman International Industries Inc.. His sale prices were between $38.38 and $45.15, with an estimated average price of $42.5. The impact to his portfolio due to this sale was less than 0.01%.

Harman International Industries Incorporated is a leading manufacturer of high-quality high-fidelity audio products and electronic systems for the automotive consumer and professional markets. Harman International is a worldwide leader in the manufacture of high-quality high-fidelity audio and electronic products for automotive consumer and professional use. The company's legendary brands have taken a leading role in the creation and innovation of progressive technologies from the world's first car radio to today's most revolutionary infotainment systems. Our commitment to quality and innovation can be found everywhere from theaters and stadiums to homes and automobiles and continues to redefine the boundaries of technology and entertainment. Through internal development and a series of carefully selected acquisitions they have built up a broad range of renowned brands and products in our principal markets and a substantial and experienced digital engineering capabili Harman International Industries Inc. has a market cap of $2.38 billion; its shares were traded at around $41.03 with a P/E ratio of 14.50 and P/S ratio of 0.60. The dividend yield of Harman International Industries Inc. stocks is 0.12%.


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