A Tiny Camcorder Has a Big Payday By ASHLEE VANCE March 20, 2009
SAN FRANCISCO, Calif. - Pure Digital Technologies thought small and simple, and it paid off big time. The tiny, eight-year-old start-up famed for its inexpensive and easy to use Flip video cameras has defeated a down economy. On Thursday, the 100-person company was bought by Cisco Systems, a technology infrastructure giant, for $590 million in stock. The deal caps off a bumpy and unpredictable rise for Pure Digital, which bested the Asian companies that dominate the camera industry from an office located above the Gump's department store in the heart of San Francisco. ... http://www.nytimes.com/2009/03/20/technology/companies/20flip.html *********************************** * POST TO [email protected] * *********************************** Medianews mailing list [email protected] http://lists.etskywarn.net/mailman/listinfo/medianews
