New Zealand’s consumer competition regulator The Commerce Commission has received an application for clearance for a transaction that would see the merger of the Vocus Group with 2degrees.
Cisco - which has seen its market value fall 34 percent in the past 12 months - is to close its Flip camcorder business and make major changes to the rest of its consumer focussed operations in a move that will see it shed 550 jobs and take a $US300m hit this financial year.
It's been the stated aim of video gear maker LifeSize (now part of Logitech) since its formation to make high def videoconferencing affordable for even small businesses, and there are now reports that it, along with industry giants Cisco and Microsoft are about to announce products for the consumer market.
Cisco has unveiled a new enterprise collaboration platform, Cisco Quad, and a new 'prosumer video solution' designed to bring video to enterprise collaboration and unified communication systems via a new enterprise version of the Flip video device, and video editing and management facilities in the cloud.
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