CalebChung
Latest
Ugobe expects Pleo IP to fetch a pretty penny
Scientists may never fully understand why Pleo went extinct, but we've got a big hint for future generations -- it's probably because Ugobe was shipping products to customers who couldn't pay for them. That's at least the story according to Ugobe CEO Caleb Chung, who says that his robosaur was selling well to customers in Europe and Asia, but that the worldwide credit crunch meant that Pleos were just sitting in crates waiting for payment to arrive. It's unfortunate, but there's a silver lining -- the Pleo IP is expected to be a hot commodity during the bankruptcy liquidation, and not just with toymakers. Chung says he sees potential interest from lots of unexpected bidders "because robotics are the next PCs." We'll see about that -- hopefully Pleo is about to evolve. [Via SlashGear]
Pleo-maker Ugobe not totally dead, not totally okay
It certainly seemed like Ugobe was dead-forever a few days ago when we noted that the company's website was seemingly gone and no one was answering the phones, but it's apparently not all bad: the site's back up, and CEO Caleb Chung told the Idaho Business Review today that the company will respond in an "organized way" with a press release coming in the "next few weeks." Uh, okay, but that isn't going to distract anyone from the half-million lawsuit just filed that alleges Pleo and Co. are in breach of contract for failure to pay supplier Arrow Electronics. We'll see how it plays out -- something tells us Pleo's gonna have a hard time dodging this meteor. [Via RobotsRule]
