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Qualcomm announces new $10 billion stock buyback By Reuters

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© Reuters. FILE PHOTO: Qualcomm logo seen at Mobile World Congress Barcelona in Spain on February 28, 2017. REUTERS/Eric Gaillard/File photo

(Reuters) – Qualcomm Inc (NASDAQ:) Inc. announced on Tuesday a new stock buyback of $10 billion, which is immediately effective.

The company will now have $900 million in repurchase rights.

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