Cisco Restructures Consumer Business – Ends Flip Production

Sad but true! Cisco, a worldwide brand of video camera and leader in networking has decided to close the production of cute Flip and all models of the camera. It is believed that. The brand may sell the camera line to some other brand/group.

Press Release -
Cisco has sent a report to the press that they are going to move on five “key companies priority like core routing, teamwork, architectures, switching and services and most of all video. It looks very much like a grand scheme that Cisco is going to support their enterprise and customers that provides service to the brand.

Let us check the highlights of the press release below -

April 12, 2011 08:30 ET
According to the views of San Jose, CA (marketwire-April12,2011) he stated that as a part of Cisco plan to align its operation, the company declared that they will leave the aspects of the business of consumer and realign the business of consumer to support its 5 key company priorities like core routing, teamwork, architectures, switching and services and video.
According to the plan of Cisco the company closes its Flip business and hold up contemporary customers and partners with a conversion plan.
In order to expand the network into a video podium, the refocus Cisco’s Home networking business for gaining profit. The leading products of the industry will continue their marketing through retail channels.
Cisco will incorporate their umi into their business Telepresence product line, operating endeavor, go-to-market service provider and being reliable with the tele presence efforts of existing business.
The access core technology by the Cisco will integrate their business of Eos Media Solution or other business prospects.
John Chambers, Cisco chairman and CEO stated” We are making key, targeted moves as we align operations in support of our network-centric platform strategy and 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”
The change connection of Cisco with its business consumer is looking forward to the renovating charges to the financial result of their GAAP and during the 3rd and 4th quarter of fiscal 2011, the cumulative of pre-tax should not go beyond $ 300 million. All the charges will be disclosed in the number of conference calls, earnings, and the filling forms from 10-Q fillings.