| Sad news for gadget fans, whether young or old: | | | | dinosaur! |
| Ugobe, the company that created Pleo the dinosaur, | | | | Is this one extinction event that Pleo can avoid? |
| has filed for Chapter 7 bankruptcy. The news, | | | | Maybe. A number of interested parties are currently |
| confirmed just over a month ago, seems to have | | | | eyeing up the robot candy on the table - Ugobe hold |
| finally laid to rest any speculation over the future of | | | | a number of patents that could be incorporated into |
| the scaley robot from the Jurassic period. | | | | future toys (including an all new Pleo, risen from the |
| Introduced in 2006, Pleo was touted as the must | | | | ashes!) |
| have Christmas present that year and sales | | | | It looks like harsh economics and the tightening of |
| exceeded expectations; 100,00 models sold | | | | consumers belt may well be meteor that finished the |
| worldwide with the Ugobe Pleo making around $20 | | | | Pleo Robotic Dinosaur but, for the kids sake (and my |
| million. But even after this phenomenal surge in sales | | | | own), I do hope that another company is up to the |
| the company was still left with approximately $3 | | | | challenge. After all, it would be a real shame to see |
| million in debt! One supplier has even filed a suit for | | | | the back of this robot dinosaur. |
| non-payment. | | | | If this is his final demise it could well mark a high for |
| Currently, the Ugobe website is down and the | | | | retailers. This toy is much loved and is highly sought |
| company has announced that all employees have | | | | after gift. In light of the Chapter 7 announcement, |
| been laid off. | | | | the toy may well become a collectors item. Could |
| The reports seems to have stirred up emotions from | | | | now be the time to try and grab a Pleo toy before |
| many both owners and fans of the quirky robot | | | | stocks run out? |