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I wonder if the executives who spent $590 million on Pure Digital will also get a pink slip?
by brown9-2 16y ago
I wonder if the executives who spent $590 million on Pure Digital will also get a pink slip?
- akent 16y agoDid that acquisition EVER make any sense?
- brianbreslin 16y agowell the logic was the following (I'm assuming): video requires tons of bandwidth, more video out there means more bandwidth requirements. Where are cisco's cash cows? in routers/exchange devices.
- wmf 16y agoArguably all that video would have been created anyway.
- brianbreslin 16y agowell maybe, maybe not. the idea was to be at every point in the bandwidth creation/consumption stream.
- pathik 16y agoNever. I wonder why these mega-corps make these acquisitions if they always kill the product after some time.
- maukdaddy 16y agoThe acquisition made sense if they wanted to diversify into the consumer space. What did NOT make sense was the astronomical pricetag of $590 million. How many flips + services would need to be sold to generate $590 mil in revenue?
- ippisl 16y agoSo they acquire talent + brand for a large part of $590 million ? seems pretty expensive.
- johnrob 16y agoI know someone who was involved in that deal, and I remember hearing that the Flip folks were very happy to sell because they knew iPhone was about to add video support.
- tdmackey 16y agoPure Digital CEO Jonathan Kaplan left cisco over two months ago.