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Cisco Systems GmbH

Cisco Authorizes Up to $10 Billion in Additional Stock Repurchases

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Cisco (NASDAQ: CSCO) announced that at a regularly scheduled meeting of its board of directors on November 15th, the board authorized up to $10 billion in additional repurchases of its common stock, increasing the total authorized amount under the program to $62 billion. There is no fixed termination date for the repurchase program.

"We have consistently generated strong cash from operations," said Dennis Powell, chief financial officer, Cisco. "This allows us to return a significant amount of cash to our shareholders in the form of stock repurchases while at the same time continue to make strategic internal investments and acquisitions hu oomlk vimlip wkuypc."

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The publisher indicated in each case (see company info by clicking on image/title or company info in the right-hand column) is solely responsible for the stories above, the event or job offer shown and for the image and audio material displayed. As a rule, the publisher is also the author of the texts and the attached image, audio and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.