Cisco today announced its intent to acquire privately held Pure Digital Technologies Inc. San Francisco-based Pure Digital, creator of the best-selling Flip VideoTM brand,
WTF? $590 million dollars?
These guys only sold 2 million cameras and they are worth $590m? That valuation is higher than the entire revenue (average rrp $149 per camera) that the company has made in it's entire lifetime?
I dont get it what am i missing here?