Cisco plans to buy back another $10 billion shares

LOS ANGELES (MarketWatch) --

Cisco Systems Inc. /quotes/comstock/15*!csco/quotes/nls/csco (CSCO 19.61, +0.21, +1.06%) said Thursday that its board of directors has authorized up to $10 billion in additional repurchases of its common stock. Cisco previously authorized up to $72 billion for its current stock buy-back program, according to the statement. Cisco said the stock buy-back program had no fixed termination date.