Voices

Newest Video Bet By Disney's Steamboat Ventures Is Elemental

Steamboat Ventures Managing Director Scott Hilleboe admits that investing in video technologies is a bit frenzied these days. “The short-term horizon, it’s like the wild, wild west,” Hilleboe said. “The growth of online video is causing a land grab.”

Flip Flips to Cisco for $590 Million in Stock (Plus the Press Release)

Pure Digital, the maker of the popular Flip digital video cameras, has sold itself to Cisco (CSCO) for $590 million in stock. The deal, which had been rumored last week, was announced this morning by Cisco. The simplicity of Pure Digital’s line of relatively inexpensive cameras has made it a huge consumer success, which is no easy task in the devices arena. And Cisco has been trying to turbocharge its consumer-focused business and the move is a clear step in that direction.
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