Computer manufacturer Dell Inc has approved raise to $5 bn in stock repurchases

Computer manufacturer Dell Inc has allegedly stated that its board has approved raise to $5 bn in stock repurchases over the $2.16 bn already approved.

The statement mentioned that the $5 bn approval represents 19percent of the firm’s $26.24 bn market capitalization, Dell repurchased $1.1 billion value of stocks in the 2nd qtr, states statement.

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