Why in the world did they pay 590m$ and buy the company then?
IIRC the logic was FLIP increases the video traffic in various networks and hence CISCO can sell more Routers. Silly logic for buying the company. No wonder it ended up like this.
Closing the flip video section isn't too big given the competition of smartphone. People can now share photos and video through facebook or twister apps on any smartphone device. Business of flip video is inevitably going down hill if it is not already. I am sure, as big as Cisco, John Chamber is making the decision based on various factors that would include annual sales. I don't see closing flip video is parallel to stop innovation.
The Other Tesla David Blaza5 comments I find myself going to Kickstarter and Indiegogo on a regular basis these days because they have become real innovation marketplaces. As far as I'm concerned, this is where a lot of cool ...