Is something up at iRobot?

I don't have an inside track, but their shares are at about $18, so 8000
shares is a little under $150K, which means that Colin probably either
wanted a down payment on a new house, or he bought a nice car...

According to the filing info, Colin has a little less than 1.5 million
shares, which puts his approximate worth somewhere a little north of 25
million dollars.

I don't suspect there's anything going on, at least WRT the 8000 shares.

Later,
Jon

--------------------------------------------------------------
   Jon Hylands      Jon@huv.com      http://www.huv.com/jon

  Project: Micro Raptor (Small Biped Velociraptor Robot)
           http://www.huv.com/blog

I imaging that if the selling was a prearranged trade arrangement, as it
says it was, then it's a way for Mr. Angle to pull out a little bit of
cash for some personal need. We're talking less than 1% of his stock
after all...

Seems to me that if Joe Jones is leaving iRobot, it probably has more to
do with the nature of his type or robot, and the increasing dominance of
military-based robots developed by the company. As a business, would you
prefer to develop and market 2 million robots that net maybe $40-50 each
and have a high customer support cost, or 10,000 robots (just an
example) that sell to the gobment at $20,000 each, in which support is a
billable extra?

Me, I'd take the government contract business any day. So, while I have
ZERO inside track, I'd say iRobot is preparing to sell the Roomba line
so it can concentrate on militrary and commercial robotics. Joe is going
where his personal interests are. I hope he finds the niche he's looking
for, and becomes filthy rich.

(Then again, I did not read the report that said he was leaving, so I'm
merely basing my comments on your report.)

-- Gordon