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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion.

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To: Sprintcar who wrote (91861)9/13/2001 8:06:41 PM
From: john  Read Replies (1) of 150070
 
Cisco Sets $3 Billion Share Buyback

us.news2.yimg.com

SAN JOSE, Calif. (Reuters) - Cisco Systems Inc. (Nasdaq:CSCO - news), the world's biggest maker of computer-networking equipment, announced on Thursday that its board authorized a stock repurchase program of up to $3 billion over the next two years.

The program is effective immediately, the San Jose, California-based company said in a statement.

Cisco said it may repurchase stock under the program from time-to-time, in the open market, through block trades or otherwise, depending on market conditions and other factors.

As of Thursday, Cisco said it has about 7.3 billion shares outstanding.
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