Why did Cisco kill the Flip video camera, a brand they paid $509MM for in 2009? Some analysts have said it is because margins on the cameras have dropped significantly due to competition and the advent of HD video being built into smart phones.
While this is true, I still see a place for these video cameras, especially the ruggedized and waterproof ones from Kodak and GE. For citizen journalists -- the regular person who goes to a public meeting and sees something "irregular" -- these cameras are very valuable. Sometimes things get ugly, like here:
When some goon gets in your face and tries to slap your camera away (skip to about 5:17 in the vid to see my point illustrated), do you want to be holding a $99 Flip or a $$$ smartphone that, if stolen, contains all of your personal data?
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