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Why Cisco's Flip Flopped in the Camera Business

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Flip Mino 2008

Retro-looking Flip Mino from 2008 contained 2GB of memory for storing up to one hour of video.

Jon Snyder /

Cisco is shutting down a business unit that it bought for over half-a-billion dollars: the Flip camcorder division. That's a shame, considering how high the Flip was flying a few short years ago. It's also a waste, considering that Cisco bought Flip from Pure Digital only two years ago for a cool $590 million.

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