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See the best of Reuters photography. See more | Photo caption A day with the LAPD A day with the LAPD where the riots began 20 years ago. Slideshow Extreme fishing The extreme ways some people go to catch their seafood. Slideshow Seagate expands buyback plan by $2.5 billion Tweet Share this Email Print Analysis & Opinion Chesapeake tangle goes far beyond CEO Do Jubilee shares make any sense? Related Topics Tech » Credit: Reuters Thu Apr 26, 2012 9:32pm EDT (Reuters) - Seagate Technology said its board approved a plan to buy back up to an additional $2.5 billion worth of common stock. The amount is equal to about 18 percent of the company's market capitalization. The disk drive company said the latest buyback plan increases its total current buyback authorization to $3.5 billion. Seagate said it expects to fund the share repurchase through a combination of cash on hand, future cash flow from operations and potential alternative sources of financing. Shares of the company were trading marginally down at $30.85 in extended trade. They closed at $31.09 on Thursday on the Nasdaq. (Reporting by Anil D'Silva; Editing by Sreejiraj Eluvangal) Tech Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. 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