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Sun earmarks $3bn to buy back its own shares

Posted 17 May 2007 - 10:04 PM

"With over $5.4bn in cash and marketable debt securities, we have maintained a strong balance sheet and feel confident that this programme will allow us to further pursue strategic opportunities for growth."

Sun Microsystems announced today that its board of directors has authorised the repurchase of up to $3bn worth of the company's outstanding common shares. via Vnunet

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