AshboryBassPlayer writes "Ugobe has filed for chapter 7 bankruptcy. According to the company, 100,000 Pleos were sold in 2008. CEO Caleb Chung is optimistic about the auction value of intellectual property held by the company.
The Pleo robotic dinosaur featured 14 servo joints, a camera, and an SD Card for storage. The final street prices were commonly between $275-$350, much higher than an earlier hoped for price point under $200."
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