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Dell is not alone in stock repurchases.
The cash could not be used for dividends or stock repurchases.
Analysts had said they expected the company to announce stock repurchases this week.
A surge in stock repurchases is still far from a sure thing.
The other pillar of Cisco's strategy, stock repurchases, hasn't rewarded shareholders either.
The company confirmed that the board had authorized an additional $3 billion of stock repurchases.
Many investors like to copy what Mr. Buffett does, but stock repurchases are best left to the Oracle of Omaha.
It also tracks stock-price momentum and management spending, in the form of dividend increases or stock repurchases.
The company spent $549 million on stock repurchases in the first three months of this fiscal year.
The second was the fact that the Securities and Exchange Commission relaxed the rules on stock repurchases by corporations.
"The S.&P. 100 companies are paying out 108percentt of earnings through dividends and stock repurchases.
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