Flipin 'eck! Cisco to buy Flip maker for $590m - that's $3.6m Flips

Cisco has announced its intention to buy the makers of the Flip Video camcorder, Pure Digital.

According to Ned Hooper, senior vice president of Cisco's Corporate Development and Consumer Groups, the "acquisition of Pure Digital is key to Cisco's strategy to expand our momentum in the media-enabled home and to capture the consumer market transition to visual networking."

A quick history of Cisco acquisitions:

1. Linksys, 2005 for $500 million
2. Scientific Atlanta, 2005 for $6.9 billion
3. PostPath, 2008 for $215 million
4. Jabber, 2008 for unknown