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+ - Cisco Ditches Flip and $590 million->

Submitted by darthcamaro
darthcamaro (735685) writes "Remember the Flip? When Pure Digital Technology first came out with the device it was one of the hottest gadgets, providing users with an ultra-portable camcorder. Then Cisco came along and bought the Flip for $590 million in 2009. Now less than two years later, Cisco is throwing the money, 550 employees and the Flip out the door."
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Cisco Ditches Flip and $590 million

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