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When your goods are not selling well, can you blame your sales people? You can if you are an Oracle. However, some analysts believe that the real problem is that cheaper cloud solutions are eating into the turf of more expensive enterprise software segments, the traditional stronghold of Oracle. Last quarter, Oracle (ORCL) recorded revenues that missed estimates in key areas of its business, causing an unexpected drop in the stock price. The company had been going steady at a price between $34 and $37 for most of the last year before its disappointing earnings results caused it to dip quickly to as low as $31. Its hardware, software licenses and subscription services all recorded negative surprises. Given that these products make up a significant portion of Oracle’s revenues, analysts and investors could be increasingly concerned on Oracle’s future as a leading technology company. Read more...

Donald Yacktman, founder of Yacktman Asset Management Co., bought two new stocks in the fourth quarter: Dell (DELL) and IBM (IBM). Yacktman bought 14,912,159 shares of Dell at the average price of $10 per share in the fourth quarter. Previously, he held a position beginning in 2008, which he closed out in 2011. Read more...

This is the portfolio update of Yacktman Asset Management. We also track Yacktman Fund and Yacktman Focused Fund, which are reported separately. Over the fourth quarter Donald Yacktman initiated two new positions in the technology field. One is Dell, and the other is IBM. IBM is still a tiny position. We expect to see Yacktman to add much more over the next quarter. He also added to Stryker Corporation, Coca-Cola Co, PepsiCo Inc, Avon Products Inc, Wells Fargo & Co, sells Research in Motion Ltd, H&R Block during the 3-months ended 12/31/2012, according to the most recent filings of his investment company, Yacktman Asset Management Co. As of 12/31/2012, Yacktman Asset Management Co. owns 63 stocks with a total value of $16.7 billion. These are the details of the buys and sells.

New Purchases: DELL, IBMAdded Positions: SYK, KO, PEP, AVP,Reduced Positions: RIMM, HRB, For the details of Donald Yacktman's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Donald+Yacktman

These are the top 5 holdings of Donald Yacktman

News Corporation (NWSA) - 80,106,935 shares, 12.3% of the total portfolio. Shares reduced by 0.56%Procter & Gamble Co (PG) - 27,752,099 shares, 11.3% of the total portfolio. Shares reduced by 0.11%PepsiCo Inc (PEP) - 23,006,617 shares, 9.4% of the total portfolio. Shares added by 3.69%Cisco Systems Inc (CSCO) - 52,443,161 shares, 6.2% of the total portfolio. Shares reduced by 0.1%Sysco Corporation (SYY) - 28,611,438 shares, 5.4% of the total portfolio. Shares added by 0.18%

New Purchase: Dell Inc (DELL)

Donald Yacktman initiated holdings in Dell Inc. His purchase prices were between $8.86 and $10.67, with an estimated average price of $9.77. The impact to his portfolio due to this purchase was 0.91%. His holdings were 14,912,159 shares as of 12/31/2012. Dell Inc is a Delaware Corporation, which was founded in 1984. Dell Inc has a market cap of $23.68 billion; its shares were traded at around $13.63 with a P/E ratio of 9.2336 and P/S ratio of 0.4102. The dividend yield of Dell Inc stocks is 1.17%. Dell Inc had an annual average earnings growth of 6.6% over the past 10 years. GuruFocus rated Dell Inc the business predictability rank of 3-star.

Added: Stryker Corporation (SYK)

Donald Yacktman added to his holdings in Stryker Corporation by 24.12%. His purchase prices were between $52 and $56.57, with an estimated average price of $53.88. The impact to his portfolio due to this purchase was 0.78%. His holdings were 12,064,853 shares as of 12/31/2012. Stryker Corporation was incorporated in Michigan in 1946 as the successor company to a business founded in 1941. Stryker Corporation has a market cap of $23.97 billion; its shares were traded at around $63.04 with a P/E ratio of 16.9205 and P/S ratio of 2.8313. The dividend yield of Stryker Corporation stocks is 1.43%. Stryker Corporation had an annual average earnings growth of 13.5% over the past 10 years.

Added: Coca-Cola Co (KO)

Donald Yacktman added to his holdings in Coca-Cola Co by 23.09%. His purchase prices were between $35.97 and $38.58, with an estimated average price of $37.33. The impact to his portfolio due to this purchase was 0.68%. His holdings were 16,584,021 shares as of 12/31/2012. The Coca-Cola Co was incorporated in September 1919 under the laws of the State of Delaware. Coca-cola Co has a market cap of $168.37 billion; its shares were traded at around $37.54 with a P/E ratio of 19.6078 and P/S ratio of 3.6258. The dividend yield of Coca-cola Co stocks is 2.72%. Coca-cola Co had an annual average earnings growth of 8.8% over the past 10 years. GuruFocus rated Coca-cola Co the business predictability rank of 3.5-star.

Added: PepsiCo Inc (PEP)

Donald Yacktman added to his holdings in PepsiCo Inc by 3.69%. His purchase prices were between $68.02 and $71.19, with an estimated average price of $69.68. The impact to his portfolio due to this purchase was 0.33%. His holdings were 23,006,617 shares as of 12/31/2012. PepsiCo, Inc. was incorporated in Delaware in 1919 and was reincorporated in North Carolina in 1986. Pepsico Inc has a market cap of $112.41 billion; its shares were traded at around $72.67 with a P/E ratio of 19.3424 and P/S ratio of 1.7473. The dividend yield of Pepsico Inc stocks is 2.93%. Pepsico Inc had an annual average earnings growth of 9.8% over the past 10 years. GuruFocus rated Pepsico Inc the business predictability rank of 5-star.

Added: Avon Products Inc (AVP)

Donald Yacktman added to his holdings in Avon Products Inc by 10.51%. His purchase prices were between $13.8 and $17.39, with an estimated average price of $15.05. The impact to his portfolio due to this purchase was 0.15%. His holdings were 18,871,186 shares as of 12/31/2012. Avon Products Inc. commenced operations in 1886 and was incorporated in the State of New York on January 27, 1916. Avon Products Inc has a market cap of $7.41 billion; its shares were traded at around $17.15 with a P/E ratio of 62.1118 and P/S ratio of 0.6891. The dividend yield of Avon Products Inc stocks is 4.37%. Avon Products Inc had an annual average earnings growth of 2.1% over the past 10 years. GuruFocus rated Avon Products Inc the business predictability rank of 3.5-star.

Reduced: Research in Motion Ltd (RIMM)

Donald Yacktman reduced to his holdings in Research in Motion Ltd by 48.65%. His sale prices were between $7.52 and $14.12, with an estimated average price of $9.95. The impact to his portfolio due to this sale was -0.54%. Donald Yacktman still held 12,055,212 shares as of 12/31/2012. Research in Motion Ltd designs, manufactures, and markets wireless solutions for the mobile communications market worldwide. Research In Motion Ltd has a market cap of $6.83 billion; its shares were traded at around $13.03 with a P/E ratio of 8.3 and P/S ratio of 0.5433. Research In Motion Ltd had an annual average earnings growth of 18.6% over the past 5 years.

Reduced: H&R Block Inc (HRB)

Donald Yacktman reduced to his holdings in H&R Block Inc by 32.75%. His sale prices were between $16.67 and $19.19, with an estimated average price of $17.97. The impact to his portfolio due to this sale was -0.43%. Donald Yacktman still held 8,577,141 shares as of 12/31/2012. H&R Block, Inc. was organized as a corporation in 1955 under the laws of the State of Missouri. H&r Block Inc has a market cap of $6.2 billion; its shares were traded at around $22.86 with a P/E ratio of 17.0358 and P/S ratio of 2.2432. The dividend yield of H&r Block Inc stocks is 3.5%.

Here is the complete portfolio of Donald Yacktman. Also check out:

1. Donald Yacktman's Undervalued Stocks
2. Donald Yacktman's Top Growth Companies, and
3. Donald Yacktman's High Yield stocks Read more...

Dell Inc. (DELL) is a hotly contested stock, with investors volleying back and forth whether it is a value or a value trap. If, as rumored, a private equity firm takes the PC-maker private, neither side actually wins per se, though some Gurus will make out better than others. Mere rumor of a private-equity buyout has lunged Dell’s share price about 18% this week to $12.84 a share in afternoon trading. Private-equity buyout offers often occur when a stock is being undervalued by the market, a view in line with several Gurus who bought Dell at cut prices. Read more...

In the previous article we reported that Berkshire Hathaway bought into 4 new stocks and sold 3 old ones. As pointed by readers, most of those positions are not Warren Buffett’s. They are actually from Buffett’s managers Ted Weschler and Todd Combs. But Warren Buffett did buy more of his favorite companies Wells Fargo and IBM, and sold Johnson & Johnson during the third quarter. As of 09/30/2012, Berkshire Hathaway owns 38 stocks with a total value of $75.3 billion. These are the summary of the buys and sells for Berkshire’s portfolio. Read more...

Billionaire Guru and GAMCO Investors founder, chairman and CEO, Mario Gabelli has increased his shares of Kenexa Corporation (KNXA) by more than 95,000 shares, reported 10/04/2012, on GuruFocus Real Time Picks. Read more...

Every quarter, GuruFocus holds a contests for readers to guess which stocks legendary investor Warren Buffett bought for the portfolio of his company, Berkshire Hathaway (BRK.A)(BRK.B). In the second quarter, there were five winners: Rgarga, Mohmand, Chihin, Ecotycoon and Luishernadez. They guessed that Buffett bought three of the following: Wells Fargo (WFC), IBM (IBM), Lee Enterprises (LEE), Viacom (VIA.B), Bank of New York Mellon (BK), Liberty Media (LMCA), DaVita (DVA) and DirecTV (DTV). Congratulations! The winners will receive their choice of book on investing from a list of classics. Stay tuned for the third-quarter contest which we will announced shortly. Read more...

International Business Machines Corporations Read more...

When looking at IBM (IBM), the financials are showing a nice and clean value purchase. They are also indicating a company with steadily improving operations. These are very good things. Read more...