Cisco Closing it’s Flip Camera Division

Cisco bought Flip just two years ago for $590 million dollars, but it is leaving the consumer market, never it’s strong suit, and focusing on it’s real strengths. They plan to keep the “Flipshare” web site open a little longer, but it is not clear how long, or whether they will sell the Flip company, or simply close it down.

Shame. It was a pretty neat product. Also, Cisco will be laying off 550 people. Ouch!