Colin Angle says the failed Amazon acquisition doomed iRobot

While iRobot is selling itself off as scrap, let's remember what actually makes a good robovac.

The stock appears inexpensive based on sales metrics, yet that seeming “value” rests on a troubled balance sheet and a business that has forfeited both its

Tech company iRobot (NASDAQ: IRBT), the maker of household vacuums and cleaning robots that include Roomba and Braava, filed for Chapter 11 bankruptcy protection on Sunday, less than two years after a $1.7 billion buyout by Amazon (NASDAQ: AMZN) fell through.

Robot survived three decades of competition, but couldn't survive European regulators killing its Amazon buyout. Now it's being taken over by its own supplier in bankruptcy court.