Earlier quoted context omitted.
Cisco had money burning a hole in their pocket and bought a some consumer stuff and then had no idea what to do with it ... so they sold most of it off, or simply discontinued it (like flip video).
they discontinued flip video because after the acquisition they didn’t really understand the consumer and then GoPro came and they got wreckt
They just don't understand it, they're not built to run it.
They spent a ton on flip during the rise of the smartphone. Every executive probabbly had a device in their pocket that would replace the company they were buying for crazy money.