Hewlett-Packard Co.'s board authorized an additional $10 billion to buy
back its own stock.
The announcement came as H-P's stock has slumped 17% this month. Shares were
recently up 2.8% to $39.04 premarket.
The company said Monday the additional authorization will be part of its
ongoing program to manage the dilution created by shares it issues under
employee stock plans.
"We plan to be active in repurchasing our shares, and we expect to
repurchase at least $3 billion" of stock in the quarter en
