Sony bought it from Pure Digital only two years ago for a cool $ 590 million . Its earnings rose 20 % in the second quarter of 2011 . General - purpose cameras have made cameras and camcorders seem excessive .
Cisco bought Flip from Pure Digital only two years ago for a cool $ 590 million . Its earnings fell 18 % in the second quarter of 2011 . General-purpose smartphones have made cameras and camcorders seem excessive .