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Ugobe, Maker of Pleo, Files For Bankruptcy
AshboryBassPlayer writes "Ugobe has filed for Chapter 7 bankruptcy — i.e., not reorganization but liquidation. We first discussed the company's Pleo robotic dinosaur toy in 2006. According to the company, 100,000 Pleos were sold in 2008. CEO Caleb Chung is optimistic about the auction value of intellectual property that Ugobe holds. Pleo featured 14 servo joints, a camera, and an SD Card for storage. The final street prices were commonly between $275 and $350, much higher than an earlier hoped-for price point under $200."
It's the second time they're going extinct!
Please destroy your Geek card now. You are not worthy.
... who knows? World Dominance perhaps?
They are (were) really neat, really stupidly expensive toys targeted at the wrong demographic. Of course they were going to fail.
If they would have listened to me and put lasers in them
Faster! Faster! Faster would be better!
That's a little harsh for a first-time offense.
I move that he must hand in his Geek card, but can apply for reinstatment at a later date provided that:
1. He has disassembled and reassembled a Cleo without referring to the documentation
2. He can recite the Wrath of Khan, the Princess Bride, and the Holy Grail from memory
3. He provides proof that he has lived in his mother's basement for at least 6 months prior to the date of the application.
Then we can vote on his reinstatement.
Seriously, though... What if he's a theoretical mathematics geek? Then he'd be like, 4 layers away from being required to know about this robot. Did you bother to think of that?!
"Trolls they were, but filled with the evil will of their master: a fell race..." -- J.R.R. Tolkien on Olog-hai
My guess.... zero
Well yes, that is correct. But that is just because a) I own my own house, and haven't lived in my mom's basement for over 30 years now, and b) my wife has voiced strong objections to my bringing other women home.
I've abandoned my search for truth; now I'm just looking for some useful delusions.