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Friday, November 11, 2005

IPO Alert - The Next Tech Frontier

Ever seen the movie I, Robot, the sci-fi thriller played by Will Smith about a future world where multi-functional robots are extensively used to help human being. Don't just think of this as just another it-will-never-happen crazy idea. In fact, there is a company,which just went public three days ago, making the dream come true.

Founded in 1990 by roboticists in MIT, iRobot Corp, same name as the sci-fi movie, designs behavior-based and artificially intelligent robots, in another words, the smart robots. The company is famous for it's vacuum cleaning robot which sold about 1.5 million worldwide. Its search-and-surveillance is performing potential hazardous work for Bomb Squads, SWAT teams or the military.

Pricing at $24 per share, iRobot(IRBT) went public on Wednesday, Nov. 9, and quickly soared to $34 per share, a 42% increase. It hits $37 today and look for more upside for this new tech frontier.

Other interesting worth watching technology includes nanotech where you may subscribe to a naotech stock report.

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