Computer Motion, Inc. (RBOT) flash or trash? - 500 Beiträge pro Seite

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Computer Motion`s products include: the ZEUS(R) Robotic Surgical System with MicroWrist(TM) for minimally invasive surgery; the HERMES(TM) Control Center, a centralized system that enables the surgeon to voice control a network of "smart" medical devices; and the AESOP(R) Robotic Endoscope Positioner, which was also the first surgical robot to be made commercially available in the U.S. The company`s newest product, the SOCRATES(TM) Telecollaboration System, is the first device in the newly created FDA category of Robotic Telemedicine Devices, and is designed to facilitate surgeon collaboration using video and audio conferencing, shared control of the endoscopic camera, and video annotation on the surgical image in the operating room. The company`s products are CE-Marked for commercial sale in the European Community. The company`s Web site is www.ComputerMotion.com.

Last Trade: 0,74$
Day`s Range: 0.73 - 0.94$
52-wk Range: 0.67 - 6.25$
Mkt Cap. : 12.77 (mil)$

Avg Estimate (mean) Q2/2002: -0,19$
Year ago: -0,53$

Avg Estimate (mean) Q3/2002: -0,11$
Year ago: -0,28$

Fiscal Year (mean) 2002: -0,60$
Year ago: -1,60$

Next Fiscal Year (mean) 2003: 0,01$
Year ago: -0,60$

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SANTA BARBARA, Calif.--(BW HealthWire)--July 8, 2002--Computer Motion, Inc. (Nasdaq:RBOT, news, msgs), the world`s leading developer of surgical robotic systems serving over 900 customers and 3,000 surgeons in 32 countries, today announced that Eric H. Halvorson has joined Computer Motion`s Board of Directors.
Mr. Halvorson is currently a Visiting Professor of Business Law and Accounting at Pepperdine University, Malibu, California where he instructs classes in the Legal and Regulatory Environment of Business and Financial Accounting.

Mr. Halvorson also has an extensive background in business. He was the Executive Vice President and Chief Operating Officer at Salem Communications Corp. (Nasdaq:SALM, news, msgs) from 1995-2000. He directed Salem`s 1999 $150 million initial public equity offering and its $150 million public debt offering in 1997. Prior to becoming the Chief Operating Officer of Salem, he was the company`s Vice President and General Counsel for ten years. From 1976 until 1985, he was a partner at Godfrey and Kahn, a Milwaukee, Wisconsin based law firm. At Godfrey and Kahn, Mr. Halvorson specialized in corporate, banking and securities law with a particular emphasis in mergers and acquisitions. Mr. Halvorson is a Certified Public Accountant and holds a Bachelor of Science degree in Accounting from Bob Jones University and a Juris Doctor degree from Duke University School of Law. Mr. Halvorson is currently a director of Salem Communications Corp. and Media Arts Group, Inc. At Computer Motion, he will serve on the Audit and Compensation Committees of the Board.

"Mr. Halvorson brings a wealth of experience in operations, finance, and legal matters. As the company works diligently to expand on its twelve year history of uninterrupted growth, we look forward to his guidance and contribution," stated Bob Duggan, Chairman and CEO of Computer Motion.

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SANTA BARBARA, Calif.--(BUSINESS WIRE)--July 15, 2002--
Second Quarter Conference Call Scheduled For Today,

Monday, July 15th at 1:30 p.m. PT; Simultaneous Webcast

Available at www.ComputerMotion.com

Computer Motion, Inc. (Nasdaq:RBOT, news, msgs), the world`s leading developer of surgical robotic systems serving over 900 customers and 3,000 surgeons in 32 countries, today announced revenue results for the second quarter ended June 30, 2002. The company recorded $5,064,000 in revenue, up 27% year over year. Revenues recorded in the second quarter of 2001 were $4,003,000. For the second quarter of 2002, gross profit was $2,847,000 or 56%. The gross profit in the second quarter of 2001 was $2,121,000 or 53%. Gross profit was up 34% year over year.

"Computer Motion is well on its way to a twelfth year of uninterrupted growth. We believe that the pending FDA clearance on our General Laparoscopic submission for ZEUS will prove to be a huge win for Computer Motion. This clearance is anticipated during the third quarter and will pave the way for us to bolster our U.S. sales. Additionally, Computer Motion expects to receive regulatory clearances during the third quarter for ZEUS in China as well as AESOP and ZEUS in Brazil. We expect this to have a positive impact on second half revenues," stated Bob Duggan, Chairman and CEO of Computer Motion.

Net loss per share for the second quarter of 2002 totaled $0.29 compared to net loss per share of $0.53 for the second quarter of 2001, which includes the non-cash dividend to preferred shareholders of $.01. Net loss for the second quarter was $4,934,000 compared to a loss of $5,361,000 for the second quarter of 2001, which includes the non-cash dividend to preferred shareholders of $61,000.

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Patent Allows Use of Robotic Surgical Products in Canada

GOLETA, Calif., Oct 30, 2002 (Santa Barbara News-Press - Knight Ridder/Tribune Business News via COMTEX) -- Computer Motion Inc. said Tuesday it has received a Class IV license to market its ZEUS robotic surgical products in Canada for full cardiac surgery and telesurgery applications. The company previously had a license in Canada to other surgical specialities. The system is designed to enable minimally invasive and open surgical procedures.

RBOt CEO Sees 80% to 90% Revenue Increase in Q4

Ridgeland, MS, NOV 01, 2002 (EventX/Knobias.com via COMTEX) -- Computer Motion Inc (NasdaqNM: RBOT) announced its financial results from the three months ended September 30, 2002.

Guidance

Bob Duggan, Chairman and CEO of Computer Motion, stated, "we anticipate a significant increase, approximately 80% to 90%, in 4th quarter revenue versus the 3rd quarter."

GET KNOBIAS IN REAL-TIME: Delivery of this proprietary Knobias alert has been delayed by 10 minutes. To get all Knobias alerts in real-time daily, visit http://www.knobias.com/cmtx

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RBOT ist heute schon wieder verdammt im Plus.

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Computer Motion Announces Record First Quarter Revenue[/

First Quarter 2003 Earnings Conference Call Scheduled for
Today, Thursday, April 24th at 2:30 p.m. PT

Simultaneous Webcast Available at http://www.ComputerMotion.com

SANTA BARBARA, Calif., Apr 24, 2003 (BUSINESS WIRE) -- Computer Motion, Inc. (Nasdaq:RBOT) today announced record revenue results for the first quarter ended March 31, 2003. Revenues for the quarter totaled $7,011,000 as compared to $5,691,000 recorded in the first quarter ended March 31, 2002, up 23%. Gross profit for the first quarter 2003 increased by 40% to $4,271,000 from $3,046,000 for the first quarter of 2002. Computer Motion achieved a 61% gross margin in the first quarter of 2003.

"We are excited about our record first quarter results and the sale of the first ZEUS(R) Surgical System in Latin America. Computer Motion continues to drive global presence and utilization of our robotic surgical systems," stated Bob Duggan, Chairman and CEO of Computer Motion.

For Computer Motion`s first quarter 2003 financial statements, the company recorded a litigation provision of $3,039,000 and a merger expense incurred of $544,000. The litigation provision is comprised of the company`s intellectual property litigation expenses. Furthermore, all legal matters have been stayed pending the completion of the company`s announced merger agreement with Intuitive Surgical, Inc. The merger expenses are the costs recorded in association with the proposed merger between Intuitive Surgical and Computer Motion.

Net loss per share for the first quarter of 2003 totaled $0.52 as compared to $0.65 for the first quarter of 2002.

Computer Motion ended the first quarter of 2003 with $3,567,000 in cash. The $7,300,000 working capital line from Intuitive Surgical has not been drawn down upon.

Intuitive Surgical and Computer Motion continue to expect to close the proposed merger by the end of June 2003. Currently, planning for the post-merger transition is underway and the companies expect to meet the estimated $18 million in annual operating pre-tax cost savings. The outlook for the combined entity is to record between $110 and $130 million of 2003 revenue on a pro forma basis. The companies are targeting profitability by the fourth quarter of 2003 for the combined entity, excluding amortization of intangible assets and one-time charges associated with the merger. The companies are analyzing possible post-merger plans to enhance the efficiency and productivity of a merged company. While no final decisions have been made, the companies are considering various post-merger opportunities including the consolidation of manufacturing and administrative functions at corporate headquarters, maintaining an engineering presence in multiple locations, and creating a single sales and service force to cost-effectively serve and support customers world-wide.

Computer Motion will host a conference call to discuss its first quarter 2003 earnings today, April 24th, 2003 at 2:30 p.m. PT. To participate, please call 800-937-6983, or 706-679-5457, and ask to be connected to the Computer Motion First Quarter 2003 Earnings Conference Call. A live webcast will also be available at the Computer Motion Investor Relations website under the events section. Computer Motion`s website is www.ComputerMotion.com. For parties interested in a replay of the call, a digital playback will be available through May 8th, 2003 at 800-642-1687, or 706-645-9291, code 9993052. An archive of the webcast will also be available through May 8th, 2003 on the Computer Motion Investor Relations website under the events section.

Computer Motion`s products include: the ZEUS(R) Surgical System and accessories for minimally invasive surgery, the HERMES(R) Control Center, a centralized system that enables the surgeon to voice control a network of "smart" medical devices, and the AESOP(R) Robotic Endoscope Positioner, which was also the first surgical robot to be made commercially available in the U.S. The company`s newest product, the SOCRATES(TM) Telecollaboration System, is the first device in the newly created FDA category of Robotic Telemedicine Devices, and is designed to facilitate surgeon collaboration using video and audio conferencing, shared control of the endoscopic camera, and video annotation on the surgical image in the operating room. The company`s products are CE-Marked for commercial sale in the European Community. The company`s Web site is www.ComputerMotion.com.

This press release contains forward-looking statements concerning the company`s business and products. Actual results may differ materially depending on a number of risk factors, including the risks of not completing the proposed merger between Intuitive Surgical and Computer Motion, competition and competing technologies, duration or suspension of clinical studies, regulatory clearances and approvals, and physician, hospital and payor acceptance of the company`s products. These factors and other risks inherent in the company`s business are described from time to time in the company`s Securities and Exchange Commission filings, including its Annual Report on Form 10-K. The company undertakes no obligation to revise the forward-looking statements contained herein to reflect events or circumstances after the date hereof to reflect the occurrence of unanticipated events.

In connection with Intuitive Surgical`s proposed merger with Computer Motion, Intuitive Surgical has filed a registration statement on Form S-4 containing a joint proxy statement/prospectus and other relevant materials. INVESTORS AND SECURITY HOLDERS OF INTUITIVE SURGICAL AND COMPUTER MOTION ARE URGED TO READ THE JOINT PROXY STATEMENT/PROSPECTUS AND THE OTHER MATERIALS CONTAINED IN THE REGISTRATION STATEMENT BECAUSE THEY CONTAIN IMPORTANT INFORMATION ABOUT INTUITIVE SURGICAL, COMPUTER MOTION AND THE PROPOSED MERGER. The registration statement and any other documents filed with the SEC by Intuitive Surgical or Computer Motion may be obtained free of charge at the SEC`s website at www.sec.gov. In addition, investors and security holders may obtain free copies of the documents filed with the SEC by Intuitive Surgical by directing a request to Intuitive Surgical, Inc., 950 Kifer Road, Sunnyvale, CA 94086, Attn: Sarah Norton. Investors and security holders may obtain free copies of the documents filed with the SEC by Computer Motion by contacting Computer Motion, Inc., 130-B Cremona Drive, Goleta, CA 93117, Attn: Dan Tamkin.

RBOT-Santa Barbara

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