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April 12, 2011 04:44 pm GMT
Wow. Cisco has just issued a release stating that in a strategic plan to "align its operations," the company will exit parts 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. One of the casualties of this realignment: Cisco's video camera Flip business, which was part of its $590 million acquisition of Pure Digital. As part of the plan, Cisco close down its Flip business and "support current FlipShare customers and partners with a transition plan." Cisco will also refocus its Home Networking business and integrate Cisco umi into the company's Business TelePresence product line.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/6o-92pg4g54/
Cisco To Shut Down Flip Video Camera Business; Will Give Pink Slips To 550 Employees
Wow. Cisco has just issued a release stating that in a strategic plan to "align its operations," the company will exit parts 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. One of the casualties of this realignment: Cisco's video camera Flip business, which was part of its $590 million acquisition of Pure Digital. As part of the plan, Cisco close down its Flip business and "support current FlipShare customers and partners with a transition plan." Cisco will also refocus its Home Networking business and integrate Cisco umi into the company's Business TelePresence product line.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/6o-92pg4g54/
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