Thursday, November 15, 2007

Cisco Authorizes Up To $10 Billion in Additional Stock Repurchases

Cisco's board of directors 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.



Since the inception of the repurchase program in September 2001 through the close of Cisco's first quarter of fiscal year 2008 on October 27, 2007, the company had repurchased and retired 2.3 billion shares at an average price of $19.89 per share for an aggregate purchase price of $46.2 billion, with a remaining authorized amount of $5.8 billionhttp://www.cisco.com

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