Skip to content
Catholic Online Logo

By Catholic Online

4/13/2011 (3 years ago)

Catholic Online (www.catholic.org)

Cisco bought Pure Digital for $590 million, then stops production of camcorder

Cisco announced that it will stop making the Flip camera, a popular pocket-sized camcorder a few of years ago from a company called Pure Digital. Cisco says it is strategically realigning its business to focus on selling its core products.

Cisco bought Pure Digital in 2009 for $590 million. It was not a large purchase by the company's standards as it spent a total of nearly $6 billion to acquire Tandberg and Starent Networks that same year.

Cisco bought Pure Digital in 2009 for $590 million. It was not a large purchase by the company's standards as it spent a total of nearly $6 billion to acquire Tandberg and Starent Networks that same year.

Highlights

By Catholic Online

Catholic Online (www.catholic.org)

4/13/2011 (3 years ago)

Published in Technology

Keywords: Cisco, Pure Digital, Flip camcorder


LOS ANGELES, CA (Catholic Online) - "We are making key, targeted moves as we align operations in support of our network-centric platform strategy," Cisco CEO John Chambers said in a statement. "As we move forward, our consumer efforts will focus on how we help our enterprise and service provider customers optimize and expand their offerings for consumers, and help ensure the network's ability to deliver on those offerings."

Cisco bought Pure Digital in 2009 for $590 million. It was not a large purchase by the company's standards as it spent a total of nearly $6 billion to acquire Tandberg and Starent Networks that same year.

Many experts along with fans of the Flip camcorder wonder why Cisco didn't try to sell the business unit, especially since the Flip products are considered market leaders.

According to NPD's Stephen Baker, "there is no compelling evidence that Flip was failing. It remains far and away the leading consumer video camera company."

"I'm very surprised that Cisco chose to simply shut down the product given what they paid for it," said Zeus Kerravala, an analyst for Yankee Group, who has followed Cisco for more than a decade. "But I'm not surprised that they got out of the consumer business."

Some see it as a sign that Cisco needed to do something drastic to show Wall Street that it was getting back on track. For over 20 years, Cisco has dominated its core markets of Internet Protocol routing and switching. It has provided networking equipment to almost every large company, government entity, broadband and telephone service provider and thousands of small and medium businesses around the globe.

In addition, unlike many other tech companies, Cisco has managed to weather dips in the economy and almost always emerges from recessions stronger than it did going into them.

But as Cisco moved into new markets, sales in its core businesses slowed and Cisco lost market share. While Cisco still dominates in the IP routing market, it has been more challenged in its Ethernet switching business, where it faces stiff competition from a slew of competitors, including Hewlett-Packard and Chinese manufacturers, such as Huawei.

---


Pope Francis: end world hunger through 'Prayer and Action'


2014 - Distributed by THE NEWS CONSORTIUM

Pope Francis Prayer Intentions for August 2014
Refugees:
That refugees, forced by violence to abandon their homes, may find a generous welcome and the protection of their rights.
Oceania: That Christians in Oceania may joyfully announce the faith to all the people of that region.



Comments


More Technology

A confident Ballmer leaves Microsoft 'completely' to run the Clippers Watch

Image of Steve Ballmer has left all positions of authority at Microsoft, leaving behind the tech giant to run the Los Angeles Clippers, for which Ballmer paid a record $2 billion.

By Catholic Online (NEWS CONSORTIUM)

Eight months after he ended his role as Microsoft CEO, Steve Ballmer resigned from Microsoft's board, a move that ends more than three decades of direct involvement in the world's largest software maker. LOS ANGELES, CA (Catholic Online) - The 58-year-old, who ... continue reading


Why did NASA turn the cameras off? Live feed from Space Station shows UFO, NASA cuts the feed Watch

Image of Is this evidence of a UFO? Or perhaps just venting gasses or debris from the ISS?

By Catholic Online (NEWS CONSORTIUM)

Fans of the International Space Station got an eyeful recently when an alleged UFO appeared on NASA's live feed from the station. Curiously, the feed was interrupted as soon as the object appeared fueling rumors that NASA is engaged in a cover-up. LOS ANGELES, CA ... continue reading


Have you been hacked? New report says millions of personal information has been stolen Watch

Image of Russian hackers recently gathered customer individuals from more than 420,000 websites.

By Catholic Online (NEWS CONSORTIUM)

Russian hackers gathered information from over 420,000 websites, both smaller sites and "household name" sites, in an attempt to gather passwords to send out spam. LOS ANGLES, CA (Catholic Online) - Hold Security, a Milwaukee-based firm, discovered the theft but ... continue reading


ROSETTA: After 10 long years - 'We're in orbit!' Watch

Image of Exciting new images, taken from just 80 miles away shows boulders, craters and steep cliffs.

By Catholic Online (NEWS CONSORTIUM)

All things come to those who wait. "After 10 years, five months and four days travelling towards our destination, looping around the sun five times, we are delighted to announce finally 'we are here,'" Jean-Jacques Dordain, ESA's Director General, said in a ... continue reading


Xiaomi overtakes Samsung as leading Smartphone maker Watch

Image of Xiaomi has evolved from a niche player in China to a major force in its home market.

By Catholic Online (NEWS CONSORTIUM)

How do you pronounce Xiaomi? Think of "show me," and then pronounce the first syllable as if it was in "shower." While Xiaomi in English translates as "little rice," there's nothing little about this Chinese Smartphone manufacturer - Xiaomi has knocked South ... continue reading


Next Mars rover will try to create oxygen on planet's surface Watch

Image of Being able to produce oxygen could help with that ambition, since transporting fuel is heavy and expensive. Other NASA spacecraft can already produce oxygen from CO2.

By Catholic Online (NEWS CONSORTIUM)

The next Martian rover that NASA sends to the red planet will attempt to make oxygen on the surface when it lands there in 2021. In addition, the rover will carry seven scientific projects, aimed at paving the way for future manned missions, seeking evidence of ... continue reading


Astronomers discover a 'magnifying glass' in space that acts like a time machine Watch

Image of Images which reveal the galaxies in question. They may look like pixels, however by examining light in fine detail with sensitive instruments astronomers can reveal a lot of basic knowledge about the objects.

By Catholic Online (NEWS CONSORTIUM)

Astronomers have discovered a virtual magnifying glass in space that allows them to look farther back in time than they normally can, to an age when the universe was young and contained less mysterious dark matter. LOS ANGELES, CA (Catholic Online) - Astronomers ... continue reading


Amazing sight beheld on Saturn's moon: More than 100 geysers spewing forth Watch

Image of NASA's Cassini spacecraft first spotted the geysers as plumes in 2005.

By Catholic Online (NEWS CONSORTIUM)

The universe has offered up many amazing sights over the past years, but the most recent one seems to take it all. At least 101 geysers have been discovered erupting on Saturn's frozen moon Enceladus. This find suggests that it may be possible for liquid water ... continue reading


Here are 12 amazing images of outer space. Number 6 is our favorite! Watch

Image of Nebulae are created when great stars explode, scattering their guts across space where they form new stars and solar systems.

By Catholic Online (NEWS CONSORTIUM)

There are wondrous sights in the heavens above! Space is packed with treasures beyond imagination. While we can see many things with just our eyes alone, instruments like the Hubble Space Telescope have given us some incredible close-ups packed with amazing detail. ... continue reading


Astronomers crack mystery of 'transformer' star Watch

Image of The mysterious star switches between two states of energy output, baffling scientists -- until now.

By Catholic Online (NEWS CONSORTIUM)

Astronomers have discovered a star that seems to vary and vanish in a surprising fashion. They mystery may now have been solved. LOS ANGELES, CA (Catholic Online) - Scientists observing a pulsar have been surprised to notice the star disappear and reappear in their ... continue reading


All Technology News

Newsletters

Newsletter Sign Up icon

Stay up to date with the latest news, information, and special offers

Daily Readings

Reading 1, Ezekiel 36:23-28
23 I am going to display the holiness of my great ... Read More

Psalm, Psalms 51:12-13, 14-15, 18-19
12 Give me back the joy of your salvation, sustain in ... Read More

Gospel, Matthew 22:1-14
1 Jesus began to speak to them in parables once ... Read More

Saint of the Day

Saint of the Day for August 21st, 2014 Image

St. Pius X
August 21: On June 2, 1835, Giuseppe Melchiorre Sarto saw the light of ... Read More

Inform, Inspire & Ignite Logo

Find Catholic Online on Facebook and get updates right in your live feed.

Become a fan of Catholic Online on Facebook


Follow Catholic Online on Twitter and get News and Product updates.

Follow us on Twitter