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Despite pressure from a major investor to focus solely on home cleaning robots, iRobot (IRBT) should stick to its guns and keep its defense and security robot business, Canaccord Genuity analyst Bobby Burleson said Wednesday. Red Mountain Capital Partners disclosed Tuesday that it had taken a 6.1% ownership stake in iRobot. In an open letter to management, Red Mountain Capital urged iRobot to focus on its core consumer robot business, explore Scalper1 News
Scalper1 News