Dusty Ayres
Commodore
Apologies if this has already been posted:
Cisco shutters Flip business, takes consumer mulligan
Cisco on Tuesday announced that it will shutter some of its consumer businesses and realign what’s left to support its core networking infrastructure businesses.
That means that the company will:
Cisco says its four key company priorities remain core routing, switching and services; collaboration; architectures; and video.
- Close down its popular Flip business, acquired for $590 million in March 2009;
- Refocus its home networking business for “greater profitability and connection to the company’s core networking infrastructure” as Cisco expands it into a home video platform;
- Integrate its umi consumer videoconferencing product into the company’s Business TelePresence product line, transitioning the product to an enterprise and service provider go-to-market model;
- Take the core video technology integration of Cisco’s Eos media solutions business and use it elsewhere in the company.
“We are making key, targeted moves as we align operations in support of our network-centric platform strategy,” CEO John Chambers said in a statement.
Cisco shutters Flip business, takes consumer mulligan