[Tyler]

Ugobe, Inc. files for Chapter 7 bankruptcy
     

Ugobe Inc., the manufacturer of the amazing Pleo dinosaur robot that
elicited emotional reactions from all that met him, has
filed for Chapter 7 bankruptcy.  The company is being liquidated and
all of their employees have already been let go.  The bankruptcy meeting
is set for May when the fate of Ugobe's assets will be decided.  Over
100,000 Pleos were sold worldwide and despite taking in over 20 million
dollars, the company was still left with over 3 million dollars of debt
and unable to raise further funding.  With iRobot shelving their
ConnectR telepresence robot, Tomy/Takara pulling the i-SOBOT from
American markets, and WowWee's delaying of the Spyball spycam robot
announced at CES this year, 2009 appears to be destined for the history
books as a truly tough year for consumer robots.
   

http://robots.net/article/2811.html