Cisco gives Flip video biz the boot
The first cuts to Cisco Systems' business have been announced, and the Flip video camera is among the first items to go.
Cisco announced today that it will exit parts of the consumer electronics business as it strategically realigns its business to focus on five main areas: core routing; switching and services; collaboration; architectures; and video. One of the first casualties of this plan was the Flip video business, which Cisco bought from Pure Digital two years ago for $590 million.
Cisco said in the press release that it will "support current FlipShare customers and partners with a transition … Read more