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Flip Video Camera Being Retired by Cisco Systems

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Cisco Systems announced today in a CEO John Chambers press release that they will be shutting down their consumer products division and laying off workers. The most popular product in the division is the Flip Video Camera. Current owners of the video recorders will be supported for the time-being along with the software that provides quick uploading of video to the Internet, FlipShare. The company admits in the release that it has disappointed shareholders by experimenting in the home electronics area.

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