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Cisco Announces $25bn Stock Buyback Plan

Cisco Announces $25bn Stock Buyback Plan

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Cisco has become the first big tech company to pass the rewards of US tax reform directly to its investors, with the announcement of a $25bn stock buyback plan. The network equipment maker has $71bn of cash held offshore, amounting to the third largest pile of unrepatriated foreign earnings of any US company, after Apple and Microsoft.