Ugobe Declares Chapter 7 Bankruptcy
It looks like we can chalk up Ugobe, makers of the lovable Pleo Robot, as one more victim of the poor economy and the ongoing credit crunch. Evidently, it was never a matter of whether there were enough people buying the personable robots, because Ugobe defintiely had the orders. The problem came when the companies who ordered shipments could not pay Ugobe, because their credit was frozen or denied. As a result, Ugobe has had to lay off 20 employees and declare Chapter 7 Bankruptcy. Owners of existing Pleosaurs are understandably a bit freaked out. This just in from Robert…