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
"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
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