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6 Most Expensive Tech Slip-Ups
By siliconindia
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Monday, 12 September 2011, 22:29 IST
Bangalore: The world of technology is all about innovation, expansion, experiment, creativity. But does it always work for the biggies in the tech world? Well the answer is straight no; history has witnessed many big ventures, with millions of investment that took off with high hopes but eventually within no time had to be closed down.
Here are 6 most expensive tech shut down that took place.
1. Cisco's digital attempt
As a major step towards venturing into the world of electronics, Cisco Systems invested a whopping $590 million to acquire Pure Digital Technologies, the maker of the popular Flip Video camcorders in 2009. Cisco explored the technologies of Pure Digital to create Flip video cameras. However with the ever increasing competition from companies like Apple and Samsung it could not survive the blow and had to close down the venture within a span of 2 years.
