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Pleo creator Ugobe files for bankruptcy (crunchgear.com)
7 points by peter123 on April 27, 2009 | hide | past | favorite | 3 comments


Looks like their website is already down and parked. Amazon only has 4 left, better hurry.

Thats a shame, I was planning on by my nephew a robotic toy this summer and Pleo was the only one that he probably wouldn't have broken within a month. I was hoping he'd treat it more like a pet then he would with a humanoid robot.


In its bankruptcy filing, Ugobe reported assets of $1.6 million, including $1.5 million in machinery to make Pleo in Hong Kong, and liabilities of $3.6 million.

Wow. Chicken feed. And yet the billions that exploded with Lehman probably upset fewer vacation plans.


Recession is killing a lot of cool but unnecessary innovations.




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