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Hewlett-Packard Board Approves Added $2 Billion Stock Buyback

Hewlett-Packard's

(HWP)

board authorized the repurchase of an additional $2 billion worth of stock to offset any dilution from the issuance of shares under employee benefit programs and for opportunistic share repurchases.

Hewlett-Packard has about 1.98 billion common shares outstanding.

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The company's shares were recently trading at $35.25, down 38 cents, or 1%.