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Brocade Increases Authorized Share Repurchase Program To $1 Billion

Wednesday, 25 Sep 2013 08:00am EDT 

Brocade announced that its Board of Directors has increased the authorization to repurchase its common stock from $308 million to $1 billion. Since the beginning of fiscal Q3 2011, Brocade has repurchased $581 million of common stock, reducing the average diluted shares outstanding by nearly 10%. 

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