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Cisco has announced that the Flip cams' days are numbered, just two years after the company paid over half a billion dollars for the product line.
Cisco today announced that its line of once-mighty Flip camcorders will soon be given the axe as part of the company’s plans “to align its operations.” The restructuring effort will also cost 550 employees their jobs as Cisco moves to overhaul its businesses related to consumer products.
Analysts have criticized Cisco in recent months for straying too far from a business model that focused on selling routers and network switches to tech and telecommunications companies. Cisco’s CEO John Chambers had recently indicated that the company was off course and last week he vowed to make tough decisions to correct course. Ending the production of Flip is among the first of those decisions.
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