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Flip Camera, RIP: Cisco To Discontinue Popular Video Camera as Part of Reorganization (VIDEO)

Peopleare flipping out over Cisco’s announcement that it is shutting down themade-for-Web Flip video camera. Cisco bought Pure Digital, the creator of thehandy video recorder, back in 2009, looking to get into the highly competitiveconsumer electronics market. In addition to dropping the Flip, Cisco is layingoff 550 employees-one of the “bold steps” that CEO John Chambers saysthe company is taking to reorganize its business.