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Cisco Buying Back $3 Billion in Shares

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SAN JOSE, Calif., Sept. 14 -- Cisco Systems Inc. said that its board had authorized a stock repurchase program of up to $3 billion over the next two years. 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.

Photonics.com
Sep 2001
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