Cisco Systems has announced that they are shutting down their Flip video camera line, only two years after purchasing Flip creator Pure Digital for a half billion in 2009. FlipShare users are promised a transition plan.
In an age where mobile phones have their own video recording, their convenience, storage capacity, location features and Internet connectivity trump the video quality of dedicated recorders like the Flip. 550 employes will apparently be laid off as a result of this decision.
Source: PC World
