Dell Approves Additional $5 Billion for Stock Repurchases
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Dell Inc., the second-largest personal-computer maker, has added $5 billion to its stock-buyback program, citing a resurgence in its cash flow.
The repurchase adds to the $2.16 billion remaining from prior authorizations at the end of the fiscal second quarter, which ended in July, Dell said today in a statement. The Round Rock, Texas-based company spent $1.6 billion on buybacks through the first half of the year.