Why Cisco's Flip flopped in the camera business. Cisco is stopping production on its Flip camera because of loss of earnings.
Cisco bought Flip from Pure Digital only two years ago for a cool $590 millionIts earnings fell 18% in the second quarter of 2011General-purpose smartphones have made cameras and camcorders seem excessive (WIRED) -- Cisco is shutting down a business unit that it bought for over half-a-billion dollars: the Flip camcorder division. That's a shame, considering how high the Flip was flying a few short years ago. It's also a waste, considering that Cisco bought Flip from Pure Digital only two years ago for a cool $590 million.
But Cisco probably had to act fast, because its earnings fell 18% in the second quarter of 2011, and CEO John Chambers had to show he was doing something decisive to stanch the flow. Sorry, Scoble, Quora is not your playground ? The Quora Review. By: Dan Kaplan “This used to be my playground.
This used to be my childhood dream. Quora.