Farewell Flip
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Cisco has announced that it’s shutting down the Flip video camera line, purchased a few years ago from Pure Digital for a whopping $590 million, for good….
The reasons for the shutdown likely have more to do with Cisco’s position rather than any competition with video hardware itself — the IT giant picked up the boutique camera manufacturer, some analysts say, because it wanted to get into consumer electronics. But the company just wasn’t ready to deal with that market, and the analysis on this shutdown now says Cisco is just declaring a surrender on a deal it thought would work out. More…