IRobot Stock Up Sharply

10/25/07Follow @bbuderi

Shares of Burlingon, MA-based iRobot (NASDAQ: IRBT) jumped out of the gate today, seemingly buoyed by yesterday’s after-trading news that the U.S. Army had set aside the $279.9 million contract of its rival, Robotic FX, and might award the contract to iRobot. After closing yesterday at $15.46, shares hit a high this morning of $18.50 and were trading at $17.95, up over 16 percent in mid-morning trading.

Bob is Xconomy's founder and editor in chief. You can e-mail him at bbuderi@xconomy.com, call him at 617.500.5926. Follow @bbuderi

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