Pleo creator Ugobe files for bankruptcy

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.

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.

Recession is killing a lot of cool but unnecessary innovations.