Cisco to Purchase Pure Digital

Cisco Systems has announced that it is buying Pure Digital for about $590 million in stock. The company has enough cash for investing in such companies and CEO John Chambers said that a weak economy can mean a good opportunity. Pure Digital has only been around for about 2 years and about 2 million Flips have already been sold. In a kind move, Cisco is offering stock incentives for employees who stay with the company.

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