Tuesday, April 12, 2011

No More Flip?

This was a killer business - I guess the proliferation of smartphones that could film video made them obsolete. What a shame.

Cisco To Shut Down Flip Video Camera Business; Will Give Pink Slips To 550 Employees:

Wow. Cisco has just issued a release stating that in a strategic plan to “align its operations,” the company will exit parts of its consumer businesses and realign the remaining consumer business to support four of its five key company priorities: core routing, switching and services; collaboration; architectures; and video. One of the casualties of this realignment: Cisco’s video camera Flip business, which was part of its $590 million acquisition of Pure Digital.

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