In a move that surprised many people, Cisco announced they are discontinuing the flip line of video cameras. Apparently there is too much competition from smart phones which are also offering HD video. I don’t own one, but they seemed like a relatively popular video camera. Only time will tell if that means prices for them will go up or down.
“As part of the company’s comprehensive plan to align its operations, Cisco (NASDAQ: CSCO) today announced that it will exit aspects 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. As part of its plan, Cisco will:
- Close down its Flip business and support current FlipShare customers and partners with a transition plan.
- Refocus Cisco’s Home Networking business for greater profitability and connection to the company’s core networking infrastructure as the network expands into a video platform in the home. These industry-leading products will continue to be available through retail channels.
- Integrate Cisco umi into the company’s Business TelePresence product line and operate through an enterprise and service provider go-to-market model, consistent with existing business TelePresence efforts.
- Assess core video technology integration of Cisco’s Eos media solutions business or other market opportunities for this business.” - Press Release Excerpt
Link: Press Release: Cisco Restructures Consumer Business
[via TechCrunch]
Image Credit: Photo by SunToad used under Creative Commons
