News Bulletin: Flip Cameras are defunct. The darling of the 2007-2008 tech industry shuttered its doors last week.News Bulletin: GPS sales were down 37% on Black Friday. Hammered, you might say. Who really needs a wrist watch or alarm clock anymore? Even way back in 2006, iPods and cell phones were taking market share from these time honored (pun intended) devices. Who needs a point and shoot camera? Olympus cameras posted a double digit slide in sales in 2010. New smartphones shoot HD pictures with the convenience of a text or email to send them around the world or post (18 comments)