Tuesday, April 12, 2011

Cisco Shuts Down Flip, Its Video Camera Unit - NYTimes.com

A time for big decisions at Cisco; check the article link below for info on how Flip was undone by smartphones

Cisco, the computer-networking giant, announced Tuesday that part of its restructuring plan will including shutting down the company’s Flip video camera division that it bought just two years ago for $590 million.

The decision marks a retreat from the consumer market for Cisco, which purchased Pure Digital Technologies, Flip’s parent company, in March of 2009 in a stock transaction.

Cisco Shuts Down Flip, Its Video Camera Unit - NYTimes.com

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