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it really looks like
Slowly increasing each day. Are the shorts trying to cover in a non chalant way?
I think the $40 resistance is finally broken! Only took three tries!
It has not yet begun
Bigger move coming!
Earnings post market tonite?. Expectations anybody?.. I'd expect IRBT to be very strong & beat expec.
There is much buzz on the IMSC board about combining their bomb sniffers with the IRBT military robots....it is a good fit for both companies....check it out.
IRBT top heavy with management and is no longer on the cutting edge...
Do your own DD.
I sold way too early....wish i had kept it longer....i have been waiting for a dip but it just keeps climbing... Glad for those who still have it.
No question. A very well managed growth company with excellent products.
Last quarter was fantastic.
http://www.sec.gov/Archives/edgar/data/1159167/000115916713000014/irbt-2013330x10q.htm
Their warning of weakness in the proxy probably took the price down a bit. That's another point on which they excel - they're almost always way to pessimistic. Underpromise and over deliver - gotta love it.
Luv this company...rebuying on the dips...
I think 40's to come this month faxed GLTA.
Nice "iRobot, do you?" commercial on Big Break tonight showing all the robots they make.
IRBT added to new "3D Printing Stocks" board here on ihub.
Yes, it's not a 3D Printing company at the present time, it's speculative, and some doubt that IRBT will develop much in the space and claim their patent application is vague, etc.
However, I do believe if IRBT is serious about entering 3D printing in some manner, they could based on their exceptionally strong balance sheet/cash position.
3D Printing Stocksboard.
30s to come this year. RP VITA sales and monthly revenue to kick in. Obama is going to need these robots with the doctor shortage increasing in severity. The home robotics division continues to grow at a rapid and high double digit pace. The defense robot sales are icing on the cake. The 3D robotic printer is the 100 buck plus a share question. Perhaps Raytheon will lead with it and we collect big revenues?
Goverment sales are just the icing on the cake since home robotics sales are now the bulk of IRBT business. So undervalued!
Irobot Wins 28.8 Million Contract
iRobot Wins $28.8 Million Navy Contract
Rich Smith - April 13, 2013
Among the $1.3 billion in Pentagon contracts awarded Friday, one tiny company won a sizable part of the funds available, when Bedford, Mass.-based iRobot (NASDAQ: IRBT) was awarded a $28.8 million modification to a previously awarded contract.
The U.S. Navy gave the award to iRobot, ordering an unspecified number of Man Transportable Robotic System, or MTRS, "production systems, depot level repair parts, spare kits, depot repair services, parts supply, training, engineering enhancements, configuration management, and approved accessories."
MTRS is a small robotic vehicle modeled on iRobot's successful 510 PackBot design and is used by the U.S. Marine Corps (which orders through the Department of the Navy) in bomb disposal work, in particular for disarming roadside IEDs. iRobot is expected to deliver the ordered bots by April 2014.
http://m.fool.com/investing/general/2013/04/13/irobot-wins-288-million-navy-contract
The IRBT-Raytheon Robotic 3D printer is going to be a part of this trend where low level manufacturing robots replace human workers. It's a given that filing for unemployment is going to be more than the norm for those workers that do not take education seriously.
The RP-VITA is going to be bigger than we know once the "Affordable Care Act" starts ripping away hospital reimbursement rates. This is going to bring material revenues for IRBT. Also, look at the trends in medicine: mid-level providers (e.g. Nurse Practitioner's, Physician Assistants) are replacing doctors...why? because they are less expensive to employ in our health system. The patient will lose in the long run with less qualified mid-level providers supplying patient care, but the RP-Vita at least provides an opportunity for the best trained provider, i.e. a physician, to diagnose a patient. Doctor shortages and the under-estimation of the huge "Affordable Care Act" costs will propel tremendous sales of the RP-VITA.
The market is starting to realize the macro robotic trends in our economy and IRBT is going to become one of the bigger guns in this industry.
The Robot Reality: Service Jobs Are Next to Go
If you meet Baxter, the latest humanoid robot from Rethink Robotics – you should get comfortable with him, because you'll likely be seeing more of him soon.
Rethink Robotics released Baxter last fall and received an overwhelming response from the manufacturing industry, selling out of their production capacity through April. He's cheap to buy ($22,000), easy to train, and can safely work side-by-side with humans. He's just what factories need to make their assembly lines more efficient – and yes, to replace costly human workers.
But manufacturing is only the beginning.
This April, Rethink will launch a software platform that will allow Baxter to do a more complex sequencing of tasks – for example, picking up a part, holding it in front of an inspection station and receiving a signal to place it in a "good" or "not good" pile. The company is also releasing a software development kit soon that will allow third parties – like university robotics researchers – to create applications for Baxter.
These third parties "are going to do all sorts of stuff we haven't envisioned," says Scott Eckert, CEO of Rethink Robotics. He envisions something similar to Apple's app store happening for Baxter. A spiffed-up version of the robot could soon be seen flipping burgers at McDonalds, folding t-shirts at Gap, or pouring coffee at Starbucks.
"Could [Baxter] be a barista?" asks Eckert. "It's not a target market, but it's something that's pretty repeatable. Put a cup in, push a button, espresso comes out, etc. There are simple repeatable service tasks that Baxter could do over time."
(More From The Fiscal Times: The Rise of Robots and Decline of Jobs)
Companies might not need to wait for a more advanced version of Baxter – MIT already has a BakeBot that can read recipes, whip together cookie dough and place it in the oven. The University of California at Berkeley has a robot that can do laundry and fold T-shirts. Robot servers have started waiting tables at restaurants in Japan, South Korea, China and Thailand – and just last week, a robot served Passover matzah to President Obama during his trip to Israel.
"Every year, machines are getting more capable of doing low-level tasks," says Professor Seth Teller, a robotics researcher at MIT's Computer Science and Artificial Intelligence Lab.
The Great Job Transformation
Many experts worry about what robots in the service sector could do to employment. The national unemployment rate remains at 7.7 percent – not remotely close to the 4.7 percent unemployment in 2007 before the recession. Job growth isn't expected to return to pre-recession levels until 2017, and the recent sequestration could easily derail it. Manufacturing has already shed nearly 6 million jobs since 2000.
"When machines and robots start taking over service sector jobs, that's when we'll really start to notice," says Martin Ford, robotics expert and author of The Lights In the Tunnel: Automation, Accelerating Technology and the Economy of the Future. "If you're making hamburgers or Starbucks drinks, that's really just high manufacturing."
(More From The Fiscal Times: The Robot Revolution: Your Job May Be Next)
What's worrisome to Ford is that these jobs have been offering a huge safety net to the middle class. They're jobs he calls "the jobs of last resort." When someone can't find a salaried job, they look for lower-paying service jobs to get by – and because the jobs typically have a high turnover rate, they're more likely to be available. Think of all the college graduates who take jobs as cashiers or baristas before they find salaried work. If those jobs were to vanish, those workers would be forced to file for unemployment instead."
Retail and service industries are the largest employers in the U.S., accounting for nearly 20 percent of total employment in 2011, according to the latest data available from the BLS. The retail sector employs nearly 14.8 million people, with Walmart employing 10 percent of them. On top of that, one in five retail workers are the sole income earners in their household. The U.S. restaurant industry employs 9.5 million people, and nearly 50 percent of all adults have worked in the restaurant industry at some point in their life, according to a 2012 report from the Workforce Strategies Initiative at the Aspen Institute. Compare these numbers to the tech job "boom" at companies like Facebook, Apple, Amazon and Google – and you get a mere 190,000 people.
Restaurant work also supports aging boomers as they transition out of the workforce – 12 percent of restaurant workers are 55 and older. "Many older Americans have fallen back on jobs in the restaurant industry, as they seek to transition to a new career or are simply unable to find other work," write the authors of the Aspen Institute report.
Play Video
Robot Lifeguard to Debut on Connecticut Beach
This summer, lifeguards at one Connecticut beach will be getting an assist from a robot known as Emily, which can reach a troubled swimmer far faster than a lifeguard. Ryan Hanrahan reports.
Teller at MIT argues that economic disruption from technology is nothing new – we've seen it before with inventions like the cotton gin, the automobile, and the personal computer. "One way to frame this is robots are taking human jobs away, but technology has, throughout history, transformed the nature of human jobs," he says. "As machines get more capable, they take on functions that were previously performed by people. There's a displacement, certainly, but we're still seeing this transformation play out, so you just don't know whether there's going to be a net gain or a loss [of jobs]."
According to Teller, Baxter and other robots could create jobs in new industries we haven't even envisioned yet. The PC, for example, eliminated plenty of jobs while creating millions of others. And he has a point – Baxter is creating some jobs. Rethink Robotics employs 85 people at their Boston headquarters that would've never existed without Baxter – though most are high-level engineers, designers and salespeople.
(More From The Fiscal Times: Ten Jobs That Won't Be Taken By Robots…Yet)
At the factories that are buying Baxter, employers now create robot "managers" to oversee Baxter. Baxter is also made in the U.S., and Rethink employs some 100 people in factories and distributors – though in an ironic twist, they're already planning to use Baxter to help build Baxter.
As robots move into other sectors and the home, Teller says the job opportunities are abundant. Robot IT and maintenance personnel, designers and salespeople for robot accessories, software, and apps, and robot security developers are just a few examples. "If personal robots are the next thing and everyone wants one in their house, doing the laundry and unloading the dishwasher, we're talking about another decade of massive economic activity," says Teller.
The PC, however, also created a decade of economic wealth – but the wealth has largely stayed at the top. Facebook, Apple, Amazon and Google don't employ many people, relatively speaking, but they have about 6.25 percent of the market cap of all U.S. companies. Yes, PCs have created IT jobs and software developers, but the tech industry is small compared to retail and restaurant industries. Computer and mathematical jobs make up about 3 percent of the labor force, according to the BLS, and require advanced degrees and years of training. Will the U.S.'s higher education system be prepared for massive retraining? Will service employees have the time and resources to learn new skills? Will enough high-skill jobs be available for them? No one is quite sure where they'll go when robots like Baxter push them out.
Erik Brynjolfsson, director of the MIT Center for Digital Business and co-author of Rise Against the Machine, has been warning economists about the coming job disruption for years. "Technology doesn't automatically lift the fortunes of all people," Brynjolfsson said recently to a crowd at Wharton University in San Francisco. "Profits [in the U.S.] have never been higher, innovation is roaring along, GDP is high, but job creation is lagging terribly, and the share of profits going to labor is at a 60-year low. This is one of the most important issues facing our society."
http://www.cnbc.com/id/100592545
Holding this long and strong. Nothing not to like imo. They are buying up the float. Before we know it, some 500 lb gorilla is going to buy up this company. GE should just pick it up for 50 bucks a share. If the robotic 3d printer comes to market 70 bucks a share will make sense. It will melt up to 28 and above this year imo.
Yeah, I'm out for the moment too. Flipped twice for about a 15% gain each time. I agree, good long term, but I'm waiting to see if there's another pull back.
I got out today to lock in some profits. Not sure if it's topped out yet, but it's been a nice little run. I like this company long term and will probably jump back in after the next pullback. GLTA.
If they make an announcement about the Robotic 3D Printer, that will be fun. Hopefully they are saving that huge bullet to announce with Raytheon in the near future.
IRobot Shares Rise 10.7%
Dow Jones Newswires
March 11, 2013 16:27 ET (20:27 GMT)
Copyright (c) 2013 Dow Jones & Company, Inc.- - 04 27 PM EDT 03-11-13
Source: DJ Broad Tape
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of report (Date of earliest event reported): March 7, 2013
iROBOT CORPORATION
(Exact Name of Registrant as Specified in its Charter)
Delaware
(State or Other Jurisdiction of Incorporation)
000-51598 77-0259335
(Commission File Number) (IRS Employer Identification No.)
8 Crosby Drive, Bedford, Massachusetts 01730
(Address of Principal Executive Offices) (Zip Code)
Registrant’s telephone number, including area code: (781) 430-3000
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On March 7, 2013, John J. Leahy resigned as Executive Vice President, Chief Financial Officer and Treasurer of iRobot Corporation (the “Company”), effective April 5, 2013.
On March 8, 2013, the Company appointed Alison Dean as Executive Vice President, Chief Financial Officer and Treasurer, effective April 5, 2013. Following her appointment, Ms. Dean will receive an annual base salary of $325,000 and her target bonus will be 60% of her total base compensation. Ms. Dean, 48, previously served as the Company’s Senior Vice President, Corporate Finance since February 2010. From March 2007 until February 2012, she also served as the Company’s Principal Accounting Officer. From March 2007 until February 2010, Ms. Dean served as the Company’s Vice President, Financial Controls & Analysis, and from August 2005 until March 2007, she served as the Company’s Vice President, Financial Planning & Analysis. From 1995 to August 2005, Ms. Dean served in a number of positions at 3Com Corporation, including Vice President and Corporate Controller from 2004 to 2005 and Vice President of Finance — Worldwide Sales from 2003 to 2004. Ms. Dean holds a B.A. in Business Economics from Brown University and an M.B.A. from Boston University.
Item 7.01 Regulation FD Disclosure.
On March 11, 2013, the Company issued a press release, a copy of which is furnished as Exhibit 99.1 to this Report on
Form 8-K.
The information in this Item 7.01 and Exhibit 99.1 attached hereto is intended to be furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, except as expressly set forth by specific reference in such filing.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits:
99.1 Press Release issued by the registrant on March 11, 2013, furnished herewith.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
iRobot Corporation
March 11, 2013 By: /s/ Glen D. Weinstein
Name: Glen D. Weinstein
Title: Chief Legal Officer and Secretary
EXHIBIT INDEX
Exhibit
Number
Description
99.1 Press Release issued by the registrant on March 11, 2013, furnished herewith.
Irobot Corp. (MM) (NASDAQ:IRBT)
Historical Stock Chart
1 Year : From Mar 2012 to Mar 2013
Irobot Corp. (MM) (NASDAQ:IRBT)
Intra
BIG bump in projected earnings! To da moon.
"Now sees Q113 revenue of $102 to $104 million, earnings per share of $0.16 to $0.20 and Adjusted EBITDA of $10 to $12 million. The company was previously modeling revs of $98 million to $102 million and EPS of $0.00 to $0.07. The Street sees revs of $100.4 million and EPS of $0.02."
http://www.streetinsider.com/Guidance/iRobot+(IRBT)+Appoints+Alison+Dean+as+CFO%3B+Boosts+Q1+EPS,+Revs+Outlook/8174474.html
We're up almost 10% in after-hours! Woohoo!
iRobot Appoints Alison Dean Executive Vice President and Chief Financial Officer
http://www.businesswire.com/news/home/20130311006424/en/iRobot-Appoints-Alison-Dean-Executive-Vice-President
Thanks for the tip! And I agree, it looks like it's ready to run for awhile :)
Good move. I got in about 10% ago, but I think it's got a good run ahead.
It does tend to move in streaks though, so I'd take some profits if there's a big move on news other than strong earnings.
Jumped back in today. Chart is lookin' good!
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