In a regulatory 8K filing, Oracle states that on February 12th, its board authorized the repurchase of up to an additional $12.0 billion of common stock under an existing share repurchase program. The stock repurchase authorization does not have an expiration date and the pace of repurchase activity will depend on factors such as Oracle's working capital needs, cash requirements for acquisitions and dividend payments, debt repayment obligations or repurchases of Oracle's debt, Oracle's stock price, and economic and market conditions.