Tag Archives: Intuitive Surgical

Intuitive Surgical's Sluggish Sales Sends Shares Lower

By Zacks.com, Contributor

Intuitive Surgical, best known for its da Vinci Surgical System which helps surgeons to perform operations with increased precision and control, benefited from high sales growth across the globe, but struggled in the U.S. market. The basis of the system uses robotics, while there are also HD 3D vision systems, and proprietary instrument technologies as well.Intuitive Surgical’s outlook was especially troubling because the company pinned the lower sales on the difficult environment in the U.S., and the lack of hospital dollars for new technologies. This bearish outlook is driving the stock sharply lower, with prices for Intuitive Surgical collapsing by about 14% in the past month alone. …read more

Source: FULL ARTICLE at Forbes Latest

QUAN Aims to Solve iPad's Limited Storage Problem

By Business Wirevia The Motley Fool

Filed under:

QUAN Aims to Solve iPad’s Limited Storage Problem

HOUSTON–(BUSINESS WIRE)– Despite its many powerful features, the Apple (NAS: AAPL) iPad has a serious problem: limited internal memory. As part of its mission to enter the $2.3 billion market for Apple iOS accessories, technology innovator Quantum International Corp. (OTCBB: QUAN) is working to make storing large numbers of movies, music and other data files on the iPad easier and more convenient than ever before.

Quantum is currently developing a new all-in-one protective iPad case designed to address each of the most common complaints consumers have about their tablets, including the devices’ lack of additional storage. Instead of having to upload files to the iPad, Quantum plans to make it possible to simply place the iPad into a rugged, stylish case which will have a USB port designed to connect to any portable storage device.

Of course, external storage is only one of the many exciting features Quantum has in the works for its new accessory. The gadget will also address the iPad’s missing ports, limited battery life, poor sound and overall fragility, turning a good device into a great one.

Today, more than 100 million people own and use iPads, and that market is expected to keep growing. Last week, news outlets reported that Apple’s next-generation iPad could go into production this summer. In a joint venture with A Plus Technologies, Quantum is hard at work building a working prototype of its revolutionary iPad accessory for testing.

For more information on Quantum International‘s technology initiatives, please visit www.quantuminnovators.com/investors.html.

Quantum International Corp. is working to develop the next generation of mobile and automation technologies to compete in a booming global industry alongside Intuitive Surgical, Inc. (NasdaqGS: ISRG), iRobot Corporation (NasdaqGS: IRBT) and Dover Corp. (NYS: DOV) .

Follow us on Twitter at www.twitter.com/QuantumIntlCorp.

About Quantum International Corp.

Quantum International Corp. (OTCBB: QUAN) is a robotics innovation company working to commercialize the next generation of sophisticated, automated technology. The Company is positioning itself to develop, deliver and market the most cutting-edge innovations in robotics in order to leverage the worldwide demand for the precision, speed, and cost-effectiveness these technologies offer.

For more information about Quantum International Corp., please visit www.quantuminnovators.com.

From: http://www.dailyfinance.com/2013/04/18/quan-aims-to-solve-ipads-limited-storage-problem/

1 Number Intuitive Surgical Stock Investors Should Know Ahead of Earnings

By Tim Beyers, The Motley Fool

Filed under:

Procedures. For Intuitive Surgical investors, nothing matters so much as seeing the da Vinci robotic surgery system used in more procedures, especially general surgery.

Despite reports of errors using the da Vinci system, Intuitive Surgical has put up good numbers so far. Total procedures rose 25% in the fourth quarter and 29% in last year’s first quarter. The company sold 175 and 140 da Vinci systems, respectively, during those periods.

For its part, Wall Street is expecting revenue to grow 17.7% to $582.9 million, resulting in $3.99 of profit per share. The company has beat earnings estimates in each of the past four quarters, according to data supplied by Yahoo! Finance. Intuitive Surgical stock is still down nearly 6% over that period.

Would another beat send Intuitive Surgical stock soaring? Tim Beyers of Motley Fool Rule Breakers and Motley Fool Supernova weighs in on this question in the video below. Please watch and then leave a comment to let us know what you whether you would buy, sell, or short Intuitive Surgical stock at current prices.

Are stories of this demise greatly exaggerated?
Recently, some investors have questioned Intuitive Surgical‘s future. However, Intuitive Surgical expert Karl Thiel believes a visible path to long-term growth persists. Will Intuitive capitalize, or be crushed by unforeseen pitfalls? His report highlights all of the key opportunities and risks facing the company — and includes a full year of ongoing updates as key new hits — so be sure to claim your copy by clicking here now.

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From: http://www.dailyfinance.com/2013/04/14/1-number-intuitive-surgical-stock-investors-should/

5 Big Reports for the "World's Greatest Retirement Portfolio"

By Brian Stoffel, The Motley Fool

Filed under:

A full 23 months ago, I started identifying 10 companies that I would be putting $40,000 of my own retirement money behind. Since then, that sum of money has grown to $51,880 — a 29.7% increase and $1,560 better than if I had just invested the money in the S&P 500.

The portfolio has benefited from one company already reporting positive results, and I’ll be looking for four more to report next week.

PriceSmart
A huge part of the reason that the portfolio has done well this week is because of the continued excellent execution at Latin American wholesaler PriceSmart. The company, which was spun off its American counterpart — Costco — continues to follow in its parent-company’s footsteps of providing value for customers and shareholders alike.

For the last quarter, PriceSmart increased revenue by 10.8% while earnings were up an even more impressive 22.3%. Probably most important, however, was the fact that sales at comparable stores were up 10.1%. That, combined with the company’s slow and steady growth plans, gives investors lots of reasons to cheer.

Four more set to report
After next week ends, half of the company’s in this retirement portfolio will have reported earnings. Here’s what the week has in store.

Company

Earnings Date

Expected Revenue 

Expected EPS

Coca-Cola

April 16

$11.0 billion

$0.45

Johnson & Johnson

April 16

$17.5 billion

$1.40

Google

April 18

$14.2 billion

$10.69

Intuitive Surgical

April 18

$583 million

$3.99

Source: E*Trade. 

Coca-Cola and Johnson & Johnson are both in the portfolio to act primarily as anchors, offering stability in a portfolio that otherwise has stocks that can be quite volatile.

I’ll be looking to see how two different aspects of these reports play out. Recent evidence has pointed to the popularity of energy drinks over soda lately, and I’m curious to see if analysts have any questions for the company on expanding its line of energy drinks or even acquiring others — like Monster Beverage. And though Johnson & Johnson has had a tough time in the consumer health products division, its pharmaceutical business has been carrying more than its fair share of the revenue load.

When it comes to Intuitive Surgical, I think I’ll actually be just as interested in the conference call as the numbers released. The last couple of weeks have seen several sources  call into question the necessity of the daVinci Surgical system in helping perform hysterectomies.

Though any effect from these announcements probably won’t show up in results for the quarter, I’m very interested to see what management has to say about these developments.

Finally, with Google, I’m simply expecting more of the same. Earnings might miss, as I don’t think CEO Larry Page is done spending money to invest in the future, but I think revenues should continue to increase likely. And while many analysts will be

From: http://www.dailyfinance.com/2013/04/12/5-big-reports-for-the-worlds-greatest-retirement-p/

Production of New iPad Presents a Big Opportunity for QUAN

By Business Wirevia The Motley Fool

Filed under:

Production of New iPad Presents a Big Opportunity for QUAN

HOUSTON–(BUSINESS WIRE)– Quantum International Corp. (OTCBB: QUAN), a fast-growing mobile accessories developer, cheered reports this week that an all-new Apple (NAS: AAPL) iPad could be on its way to consumers this summer.

Digitimes.com broke the news that production on a fifth-generation iPad will begin as early as July, citing Taiwan-based supply chain makers. The report claimed that the new iPad will be thinner and lighter than the current model, including a slimmer bezel similar to the iPad Mini.

For a company like Quantum that develops high-tech add-ons and accessories for the iPad, that’s great news. More than 100 million iPads have been sold since the product was introduced. Now tablet users will have a whole new generation of devices to enjoy, and the market for innovative iPad accessories is wide open.

In a joint venture with A Plus Technologies, Quantum is producing a working prototype of an advanced, all-in-one accessory for current iPads. By engineering a solid, protective case capable of enhancing the popular tablet’s memory, battery life, connectivity and more, the new joint venture plans to create an accessory desired by every iPad owner on the planet—including owners of forthcoming models.

For more information on Quantum International‘s technology initiatives, please visit www.quantuminnovators.com/investors.html.

Quantum International Corp. is working to develop the next generation of mobile and automation technologies to compete in a booming global industry alongside Intuitive Surgical, Inc. (NasdaqGS: ISRG), iRobot Corporation (NasdaqGS: IRBT) and Dover Corp. (NYS: DOV) .

Follow us on Twitter at www.twitter.com/QuantumIntlCorp.

About Quantum International Corp.

Quantum International Corp. (OTCBB: QUAN) is a robotics innovation company working to commercialize the next generation of sophisticated, automated technology. The Company is positioning itself to develop, deliver and market the most cutting-edge innovations in robotics in order to leverage the worldwide demand for the precision, speed, and cost-effectiveness these technologies offer.

For more information about Quantum International Corp., please visit www.quantuminnovators.com.

Notice Regarding Forward-Looking Statements

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities

From: http://www.dailyfinance.com/2013/04/11/production-of-new-ipad-presents-a-big-opportunity-/

QUAN Taps Emerging Technology Consultants for Production of All-in-One iPad Accessory

By Business Wirevia The Motley Fool

Filed under:

QUAN Taps Emerging Technology Consultants for Production of All-in-One iPad Accessory

HOUSTON–(BUSINESS WIRE)– Technology innovator Quantum International Corp. (OTCBB: QUAN) will rely on new joint venture partner A Plus Technologies’ expertise in electronics to help produce its sleek, new highly functional all-in-one accessory for the Apple (NAS: AAPL) iPad, the company announced today.

“A Plus Technologies has the industry contacts that we need to design, build and distribute this groundbreaking peripheral device,” said Quantum CEO Robert Federowicz. “With their help, we’ll soon take this device from the mock-up stage all the way to store shelves.”

By developing and marketing a solid, protective case capable of enhancing the popular tablet’s memory, battery life, connectivity and more, the new joint venture plans to create a fantastically inclusive accessory to tap into a market for iOS accessories that’s currently worth $2.3 billion and growing fast. Thanks to Quantum’s expertise in the field of automation and A Plus Technologies’ deep connections throughout the electronics development and supply chain, the partnership could be uniquely positioned to produce many incredible new accessories to stretch the world’s understanding of what an iPad or iPhone can do.

The first challenge will be producing a comprehensive iPad accessory that will address each of the most common complaints consumers have about their tablets, including the devices’ lack of additional storage, missing ports, battery life, poor sound quality and overall fragility, among other issues.

For more information on Quantum International‘s technology initiatives, please visit www.quantuminnovators.com/investors.html.

Quantum International Corp. is working to develop the next generation of mobile and automation technologies to compete in a booming global industry alongside Intuitive Surgical, Inc. (NasdaqGS: ISRG), iRobot Corporation (NasdaqGS: IRBT) and Dover Corp. (NYS: DOV) .

Follow us on Twitter at www.twitter.com/QuantumIntlCorp.

About Quantum International Corp.

Quantum International Corp. (OTCBB: QUAN) is a robotics innovation company working to commercialize the next generation of sophisticated, automated technology. The Company is positioning itself to develop, deliver and market the most cutting-edge innovations in robotics in order to leverage the worldwide demand for the precision, speed, and cost-effectiveness these technologies offer.

For more information about Quantum International Corp., please visit www.quantuminnovators.com.

Notice Regarding Forward-Looking Statements

…read more

Source: FULL ARTICLE at DailyFinance

3 Buy-Now Stocks From the "World's Greatest Retirement Portfolio"

By Brian Stoffel, The Motley Fool

Filed under:

A full 23 months ago, I started identifying 10 companies that I would be putting $40,000 of my own retirement money behind. This was, has been, and will continue to be my way of helping the world to invest better.

Since then, that sum of money has grown to $50,960 — a 27.4% increase and $1,320 better than if I had just invested the money in the S&P 500.

Every month, I look over these stocks to see which three are tempting. I call these my “Buy Now” stocks because I think they’re pretty good deals. Read the chart below to see how the whole portfolio has performed, check out my best buys, and at the end I’ll offer up access to a special premium report on one of the 10 stocks that’s been floundering lately.

Company

Publication Date

Change

Vs. S&P 500

Google 

6/26/11

64.4%

38

Pricesmart 

6/28/11

56.7%

31

Baidu *

9/15/12

-20.8%

(44)

Intuitive Surgical

7/25/11

22.4%

1

National Oilwell Varco

7/28/11

-11.8%

(37)

Coca-Cola 

6/21/11

28.1%

3

Whole Foods

7/5/11

40.3%

19

Amazon 

7/12/11

26.1%

3

Apple 

6/30/11

33.8%

11

Johnson & Johnson 

8/1/11

34.7%

8

       

Source: Fool.com. All numbers accurate as of market close March 31, 2013. *Returns are for position in ATVI held from July 15, 2011, to Sept. 9, 2012, and transferred over to BIDU on Sept. 15, 2012.

Baidu
First on my list of best buys is a company that’s been a mainstay on here: Chinese search engine giant Baidu. To be honest, anyone following this portfolio is probably tired of hearing my reasoning for thinking Baidu is such a great stock at this price, so — at the risk of exposing myself to big-time confirmation bias — here’s a sampling of other Fool analysts who have been singling the stock out.

  • Just this week, Fool Daniel Sparks called Baidu out as one of two stocks to buy this month, saying: “Baidu’s substantial investments in research and infrastructure promise to create more opportunities.” 
  • Fool Dan Caplinger called Baidu his one stock to buy in April, reminding investors: “Baidu has expansion plans beyond China, and its prospects for picking up market share in other lucrative emerging Internet markets look bright.” 
  • And technology guru Andrew Tonner called Baidu the best value in all of technology, saying: “Every so often the stock market does investors a real favor and that’s the case with Baidu.”  

I don’t point these three out to say, “See? I’m right!” Rather, as I myself am running out of new reasons to say the stock‘s a buy, I’m offering some other opinions, all voiced within the past two weeks.

National Oilwell Varco
In a perfect world, we’d be able to use the energy the sun gives us to meet our wants — that’s the way it worked …read more
Source: FULL ARTICLE at DailyFinance

The "World's Greatest Retirement Portfolio" Continues to Outperform

By Brian Stoffel, The Motley Fool

Filed under:

It’s been almost 23 months since I introduced the World’s Greatest Retirement Portfolio to Foolish readers. This was, has been, and will continue to be my way of helping the world to invest better. Putting my money where my mouth is, I pledged to put at least $4,000 behind each stock and attempt to hold each one for at least three years — though I’ve already broken that promise

Since I began, the market has returned 24.1%, which is pretty darn good by historical measures. Though this portfolio has been outperforming the market by double digits for well over a year now, it is currently ahead by just 3.3 percentage points.

Read below to see why the margin between the two is narrowing, and at the end, I’ll offer up access to a special premium report on one of these 10 companies.

Company

Publication Date

Change

Vs. S&P 500

Google 

6/26/11

64.4%

38

PriceSmart

6/28/11

56.7%

31

Baidu 

9/15/12

(20.8%)

(44)

Intuitive Surgical

7/25/11

22.4%

1

National Oilwell Varco 

7/28/11

(11.8%)

(37)

Coca-Cola

6/21/11

28.1%

3

Whole Foods 

7/5/11

40.3%

19

Amazon.com 

7/12/11

26.1%

3

Apple 

6/30/11

33.8%

11

Johnson & Johnson

8/1/11

34.7%

8

       

Source: Fool.com. All numbers accurate as of market close March 31, 2013. *Returns are for position in ATVI held from July 15, 2011, to Sept. 9, 2012, and transferred over to BIDU on Sept. 15, 2012.

One company that can’t catch a break
More or less, the companies in this portfolio didn’t perform terribly during the month of March, they just weren’t able to keep pace with the S&P 500, which climbed over 3% during the month. That wasn’t the case, however, for Intuitive Surgical , maker of the da Vinci surgical robot.

I’ve covered the stock’s dive already, but there are three simple events that caused the stock to drop. First, the Journal of the American Medical Association questioned the need for robotic hysterectomies. Second, the FDA announced it was investigating a rise in the company’s incidents reports. Finally, the president of the American Congress of Obstetricians and Gynecologists publicly echoed the concerns raised in the JAMA article.

Three companies having a good month
Even though the portfolio as a whole isn’t leading the market by quite as much, three stocks had a relatively good March.

Shares of Latin American club wholesaler PriceSmart  were up 5%. This came on the heels of the announcement that the company’s net sales increased 7.8% during the month of February, which included an impressive 8.9% increase in same-store sales. PriceSmart also announced it has acquired land in Tegucigalpa, Honduras, to open up its third store in the country. 

The total return from my investments in Coca-Cola and Johnson & Johnson also increased markedly during March. Part of this was due to the fact that Coke issued its quarterly dividend …read more
Source: FULL ARTICLE at DailyFinance

QUAN Forms Joint Venture to Enter $2.3 Billion iPad Accessories Market

By Business Wirevia The Motley Fool

Filed under:

QUAN Forms Joint Venture to Enter $2.3 Billion iPad Accessories Market

HOUSTON–(BUSINESS WIRE)– Quantum International Corp. (OTCBB: QUAN), a growing technology company, announced today that it signed a joint venture agreement with A Plus Technologies to develop and market a new line of electronic lifestyle enhancement technologies, including accessories for popular gadgets like the Apple (NAS: AAPL) iPad.

The global market for iPad accessories is growing at an astonishing rate due to the device’s paradigm-shifting popularity. Currently, there are more than 117 million iPad owners worldwide, and the market for accessories is worth $2.3 billion and climbing.

Capitalizing on that growth will be the new joint venture’s primary challenge. Its first priority will be the production of a working prototype of Quantum’s advanced, all-in-one accessory for the Apple iPad. By engineering a solid, protective case capable of enhancing the popular tablet’s memory, battery life, connectivity and more, the new joint venture plans to create an accessory desired by every iPad owner on the planet.

“In the iPad, Apple has made a terrific tablet, but it’s far from perfect,” said Quantum CEO Robert Federowicz. “Perfection of the iPad is our goal with this product that we’re working on. We’re going to take it to a new level of portable functionality.”

For more information on Quantum International‘s technology initiatives, please visit www.quantuminnovators.com/investors.html.

Quantum International Corp. is working to develop the next generation of mobile and automation technologies to compete in a booming global industry alongside Intuitive Surgical, Inc. (NasdaqGS: ISRG), iRobot Corporation (NasdaqGS: IRBT) and Dover Corp. (NYS: DOV) .

Follow us on Twitter at www.twitter.com/QuantumIntlCorp.

About Quantum International Corp.

Quantum International Corp. (OTCBB: QUAN) is a robotics innovation company working to commercialize the next generation of sophisticated, automated technology. The Company is positioning itself to develop, deliver and market the most cutting-edge innovations in robotics in order to leverage the worldwide demand for the precision, speed, and cost-effectiveness these technologies offer.

For more information about Quantum International Corp., please visit www.quantuminnovators.com.

Notice Regarding Forward-Looking Statements

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the …read more
Source: FULL ARTICLE at DailyFinance

Intuitive Surgical's March Madness

By Brenton Flynn, The Motley Fool

Filed under:

From revolutionary science to the impact of Obamacare, every week The Motley Fool’s health care team sits down to discuss the most fascinating developments across the health care industry and their implications for long-term investors. In this week’s edition, the team talks about the disruptive potential of a new iPhone app, as well as an FDA inquiry that could have negative implications for some of the pharmaceutical industry’s biggest players. In addition, our analysts dive into some of the stocks making big moves over the past week and discuss companies on their radar for the near future.

In the segment below, health care bureau chief Brenton Flynn discusses Intuitive Surgical’s recent volatility, and how despite a solid long term outlook, investors should be prepared for choppy waters in the short term.

Are stories of Intuitive’s demise greatly exaggerated?
Recently, some investors have questioned Intuitive Surgical‘s future. However, Intuitive Surgical expert Karl Thiel believes a visible path to long-term growth persists. Will Intuitive capitalize, or be crushed by unforeseen pitfalls? His report highlights all of the key opportunities and risks facing the company — and includes a full year of ongoing updates as key new hits — so be sure to claim your copy by clicking here now.

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Source: FULL ARTICLE at DailyFinance

Here's What This Huge Long-Term Winner Is Buying

By Selena Maranjian, The Motley Fool

Filed under:

Every quarter, many money managers have to disclose what they’ve bought and sold, via “13F” filings. Their latest moves can shine a bright light on smart stock picks.

Today, let’s look at Lone Pine Capital, founded by Steve Mandel in 1997. Prior to that, Mandel was a managing director at Tiger Management. Lone Pine is one of the biggest hedge fund companies, and reportedly beat the S&P 500 for 11 years in a row. Like many value investors, Mandel is known to dig deep into companies, aiming to buy undervalued ones.

The company’s reportable stock portfolio totaled $15.9 billion in value as of Dec. 31, 2012.

Interesting developments
So what does Lone Pine Capital‘s latest quarterly 13F filing tell us? Here are a few interesting details:

The biggest new holdings are Facebook and Capital One Financial . Other new holdings of interest include Intuitive Surgical . Facebook is compelling to many, with its hundreds of millions of users and its top ranking in mobile app reach. But it’s not without risks, such as a seemingly rich valuation and concerns about the influential younger generation gravitating toward other social platforms. In addition, a new study casts doubt on the efficacy of social-media advertising.

Shares of Intuitive Surgical hit a 52-week low recently, partly on reports that robotic surgeries may not be as worthwhile as many think and news of an investigation into its systems’ safety. But with a recent P/E ratio of about 30, a forward P/E of 21, and an expected near-term growth rate of 18% (following an average growth rate of 34% over the past five years), many see it as attractively priced now.

Among holdings in which Lone Pine Capital increased its stake was priceline.com . Priceline has been experiencing strong growth internationally, and its financial statements offer lots to love, such as its steep and growing free cash flow and net margins near 27%. Its forward P/E ratio of just 15 is attractive, too, considering its sizable growth rate. The company has made a $1.8 billion offer for Kayak Software , and its hotel-booking business has been a very strong performer.

Lone Pine Capital reduced its stake in lots of companies, including Accretive Health , which has fallen by more than 57% over the past year, in part due to news that it’s delaying releasing its fourth-quarter and year-end earnings reports as it reevaluates its accounting habits. The company specializes in revenue cycle management services for the health-care industry. Right now, it’s heavily shorted, reflecting market skepticism about it.

Finally, Lone Pine Capital‘s biggest closed positions included Apple and Schlumberger . Energy giant Schlumberger is in the business of helping companies find and extract gas and oil. It’s the second-largest fracking supplier and its technology and offerings may help frackers be kinder to the environment. It recently took a small hit on news that it’s experiencing pricing pressures and …read more
Source: FULL ARTICLE at DailyFinance

Is Intuitive Surgical Wasting Your Money?

By Rich Duprey, The Motley Fool

Filed under:

Stock buybacks are generally considered a bullish signal on Wall Street. They return capital to shareholders, while declaring management’s belief that its own cheap shares are its best return on investment. As long as profits remain consistent, share repurchases can even increase earnings per share, by dividing the same amount of earnings among a smaller pool of shares outstanding.

But the market is at record highs these days, and, according to a recent report by The Wall Street Journal, February was a record month for stock buybacks with companies authorizing the repurchase of $177.8 billion worth of stock. The bearish read on that is they’re doing the opposite of “buy low, sell high.” Worse, they’re simply buying stock and not investing in their businesses, hiring new employees, or making acquisitions suggesting that despite having war chests filled to overflowing they don’t see the economy as good enough to take a risk on.

So don’t use the buyback announcement as a reason to buy the stock yourself — rather, use it as a launching pad for additional research.

Returning value
Just yesterday, Intuitive Surgical announced a massive new $1 billion share purchase program on top of the $208 million that remains on its current buyback plan, equating to about 2 million shares at yesterday’s closing price, or around 5% of its float. It plans to fund the repurchase program through cash and investments, and as of the end of 2012, the company had approximately $2.9 billion of cash, equivalents, and investments.

The stock has fallen about 20% in the past few weeks as concerns over a spike in device malfunction reports weighs heavily on its shares.

Mona Lisa’s smile
The selloff began after it was reported the FDA was looking into whether Intuitive’s da Vinci surgical robotics machines were causing complications for surgeons. Some 450,000 procedures were performed with the systems in 2012, up 25% from the year before, and the question being asked is whether the high cost of the equipment — they run about $1.5 million each — is worth the minimally invasive surgery they perform. The Journal of the American Medical Association charged the systems raised the cost of a hysterectomy, for example, but did little to improve safety. Gynecological surgery comprises 60% of the procedures performed in the U.S., and a hysterectomy is the most common operation using the devices.

Intuitive Surgical realized almost $2.2 billion in sales last year, of which $1.8 billion came from product sales generating $1.3 billion in gross profit.

The robotics maker did nothing to help itself when it tried to explain that the spike in problems reported with the da Vinci systems was because it changed how it reported them to the regulatory agency.

It began the new system last September and immediately began seeing a rise in the number of issues doctors were having, with a cable breaking being the most common problem reported, but rendering the machine non-functionable. Intuitive’s stock fell again when it …read more
Source: FULL ARTICLE at DailyFinance

MAKO Gets Serious About Protecting Its Turf

By Steve Symington, The Motley Fool

Filed under:

The world of robotic surgery sure is getting ugly, isn’t it?

Soft tissue specialist Intuitive Surgical , for instance, has fallen more than 17% over the past month after the fallout of multiple negative industry reports, as well as a recent FDA inquiry into its procedure safety and surgeon training. Of course, few are convinced that this particular case presents any real trouble for Intuitive, but that’s likely little solace for worried shareholders who have had to endure the pullback.

Then, just last month, Intuitive’s orthopedic cousin MAKO Surgical filed a lawsuit against one of its former sales managers, as well as his new employer — which just so happens to be MAKO competitor Blue Belt Technologies. And yes, as you might recall, that’s the same company that fellow Fool Dan Carroll pointed out recently received FDA approval to perform partial knee replacements using its unique NavioPFS system. According to the suit, MAKO is allegin that its former employee not only violated his non-compete agreement but also provided stolen client data and trade secrets to his new employer.

The sincerest form of flattery…
Now, MAKO just announced in a press release that it has filed complaints against U.K.-based Stanmore Implants, claiming that the company has violated three patents related to MAKO‘s computerized orthopedic surgical devices and software. Interestingly, just last month Stanmore received its own 510(k) clearance from the FDA to market its Sculptor Robotic Guidance Arm for partial knee resurfacing, and the company had intended to release the system to a select group a surgeons around the middle of this year. 

The most ironic thing about Stanmore being given the go-ahead by the FDA, however, is that MAKO‘s RIO platform actually helped pave the way for its approval. Sure enough, just weeks before the FDA‘s final decision, the agency noted (link opens PDF) that the Sculptor RGA was shown to be “substantially equivalent” to the previously cleared device from MAKO “with respect to its intended use, indications for use, technological characteristics, and performance characteristics.”

What’s more, at first glance Stanmore’s Sculptor RGA does look awfully similar to MAKO‘s RIO System:

Stanmore Sculptor RGA, left, and MAKO Surgical’s RIO system. Sources: Stanmore and MAKO Surgical.

In addition, here’s how Stanmore’s website describes its own platform:

The Sculptor RGA is a unique bone sculpting solution based on Stanmore’s patent protected ‘Active Constraint‘ technology. Dynamic ‘Active Constraints’ confine a bone cutting tool to a defined volume in space by integrated hardware and software. This ‘safe area’ in which the cutting tool operates is defined by the surgeon prior to the operation using Stanmore’s proprietary planning software.

I don’t know about you, but I’m fairly sure many folks would be none the wiser if someone were to simply replace the word “Stanmore” with “MAKO” in that description. And considering that Stanmore claims its technology was used in clinical studies as early as 2004 — the same year MAKO Surgical was founded — I’m …read more
Source: FULL ARTICLE at DailyFinance

5 Stocks That May Be Bottoming Out

By Rick Munarriz, Munarriz, The Motley Fool

Filed under:

The market may have hit all-time highs last week, but there are still too many companies staring at the floor instead of the ceiling these days.

There were 93 stocks on the New York Stock Exchange that hit fresh 52-week lows last week. Another 52 Nasdaq-listed companies hit new lows.

Bucking the bullish trend over the past year is well earned in most — but not all — cases.

Let me go over five names that clocked in with new lows last week that I think may be ready to turn the corner.

 Company

Last Week’s Low

52-Week High

Intuitive Surgical

$455.18

$594.89

Millennial Media

$7.89

$27.90

Baidu

$84.88

$154.15

Boingo Wireless

$5.35

$13.25

EZchip Semiconductor

$21.80

$46.79

Source: Yahoo! Finance.

Tennis balls bounce back, even though eggs don’t
Let’s start at the top with Intuitive Surgical.

The company behind the da Vinci robotic arm was trading within 2% of its all-time high just last month, and now it’s smacking a 52-week low.

The turning point came late last month, when the FDA launched a safety probe by surveying surgeons at some hospitals using da Vinci machines. There were an unusually high number of adverse incident reports at key hospitals and the regulatory agency wanted to take a closer look.

The investigation is ongoing, but investors don’t like uncertainty.

Intuitive Surgical has been a market darling, and the platform using a surgeon-guided robotic arm for surgical incisions on certain procedures has historically been seen as a win-win-win scenario. Surgeons don’t suffer as much fatigue. Patient recovery times are quicker. Hospitals can perform more surgeries in any given day. The only thing holding Intuitive Surgical from being in more hospitals was the high cost of the machines, but now there are real concerns about the platform itself until this cloud passes.

The dark cloud will pass.

Millennial Media has fallen ever harder.

The mobile advertising speedster went public at $13 last March, traded as high as $27.90 on its first day, and now has fallen all the way down to the single digits.

Millennial Media is still growing, serving up display advertising in many of the most popular apps. Millennial is the largest player in mobile advertising that isn’t tethered to a single mobile operating system, and those platform-agnostic ways are compelling to developers.

Revenue climbed 71% last year, and Millennial Media‘s guidance calls for a still impressive 52% to 58% top-line pop this year. Red ink used to be a problem, but the company is coming off of back-to-back profitable quarters.

Baidu is China‘s leading search engine, commanding roughly two thirds of the search queries in China.

Investors have been hesitant to pile into Chinese Internet stocks, but that’s a big mistake when it comes to Baidu. The stock has never been this cheap. The dot-com speedster is trading for less than 13 times next year’s projected earnings, but it’s growing a lot faster than that.

There is one upstart challenging its market share, and China‘s not …read more
Source: FULL ARTICLE at DailyFinance

Intuitive Surgical: Even the Downside Has an Upside

By Anders Bylund, The Motley Fool

Filed under:

Shares of Intuitive Surgical jumped as much as 5.4% in early Monday action, driven by an analyst upgrade.

Canaccord Genuity analyst Jason Mills upgraded the robotic surgery specialist from “hold” to “buy,” but also lowered its price target from $590 to $527.

The Intuitive Surgical da Vinci Si system in action.

A recent wave of criticism toward robotic surgery had caused the stock to fall 19% from recent January highs. Mills walked through protests from various surgical interest groups, but then countered with a group of minimally invasive surgery experts speaking in defense of robotic options. The group found “a substantial cost benefit to the patient and to society which has not been acknowledged,” and Mills thought it was a “logical and powerful pushback” to negative analyses.

Mills then performed two sets of alternative valuation analysis to supplement his former $590 price target and $17.90 full-year earnings estimate per share. One scenario assumed the worst — “the pressures in 2013 are systemic” and order volumes will weaken even further in 2014. Another called for hospitals delaying system orders and some procedures until the current storm of negative press subsides, but assumed that there’s nothing wrong with the basic business model or product lines.

Canaccord Model

2-Year Earnings CAGR Estimate

Price Target

Current

19%

$590

Moderate Downside

17%

$517

Significant Downside

16%

$474

Averaging out these scenarios, Mills landed at his $527 price target which carried a 15% upside at the time of publication. The worst-case scenario, in Miller’s view, still left a small margin of safety against current share prices. Therefore, the upside outweighs the downside and the stock becomes a buy. Canaccord has rated Intuitive Surgical as a “hold” for the last three years, so it’s not like Mr. Mills is defending some old party line here.

Intuitive is one of my largest personal holdings, and I agree that the stock looks like a buy at today’s prices. The stock is a play on the medical needs of the enormous Baby Boomer generation, with the added bonus of disrupting traditional surgeries in a big way.

I do appreciate Mills going through various valuation scenarios, but I’m far more interested in his analysis of various studies on patient outcomes. The valuation models only describe expected returns for the next nine months, and I intend to own this stock for another decade or more. In that view, Mills didn’t see any reason to believe that robotic surgery will fall out of fashion anytime soon.

Numbers never tell the whole story for long-term investors.

Are stories of this demise greatly exaggerated?
Recently, some investors have questioned Intuitive Surgical‘s future. However, Intuitive Surgical expert Karl Thiel believes a visible path to long-term growth persists. Will Intuitive capitalize, or be crushed by unforeseen pitfalls? His report highlights all of the key opportunities and risks facing the company — and includes a full year of ongoing updates as key new hits — …read more
Source: FULL ARTICLE at DailyFinance

Explosive iPad Market Provides Sales Opportunities for QUAN Products

By Business Wirevia The Motley Fool

Filed under:

Explosive iPad Market Provides Sales Opportunities for QUAN Products

HOUSTON–(BUSINESS WIRE)– The feature-packed iPad accessory being developed by technology innovator Quantum International Corp. (OTCBB: QUAN) is moving from the drawing board to the workshop. Last week Quantum executed an LOI with A Plus Technologies to develop a working prototype of the case.

“An accessory that significantly expands the capabilities of the iPad would not only mean a successful sales campaign for Quantum but could potentially drive more new buyers to opt for the convenience of an iPad while getting most of the palmtop productivity features,” Federowicz said last week.

The all-in-one accessory has been designed to give the Apple (NAS: AAPL) iPad all of the features of a high-end laptop, including peripheral ports, ability to connect storage devices, an extended battery pack and speakers – all packed into a stylish, protective case.

Currently, there are more than 117 million iPad owners worldwide. The company estimates that with an anticipated target price of $129 for its iPad case and a conservative estimate that just one in a hundred users decides to expand their new and existing iPad’s capabilities, the sales could provide a market potential of $150 million. A successful product launch could mean extreme, rapid growth for Quantum.

The company has already contacted manufacturers in China about initiating production of the breakthrough accessory as soon as a prototype can be produced that meets internal performance targets.

For more information on Quantum International‘s technology initiatives, please visit www.quantuminnovators.com/investors.html.

Quantum International Corp. is working to develop the next generation of mobile and automation technologies to compete in a booming global industry alongside Intuitive Surgical, Inc. (NasdaqGS: ISRG), iRobot Corporation (NasdaqGS: IRBT) and Dover Corp. (NYS: DOV) .

Follow us on Twitter at www.twitter.com/QuantumIntlCorp.

About Quantum International Corp.

Quantum International Corp. (OTCBB: QUAN) is a robotics innovation company working to commercialize the next generation of sophisticated, automated technology. The Company is positioning itself to develop, deliver and market the most cutting-edge innovations in robotics in order to leverage the worldwide demand for the precision, speed, and cost-effectiveness these technologies offer.

For more information about Quantum International Corp., please visit www.quantuminnovators.com.

Notice Regarding …read more
Source: FULL ARTICLE at DailyFinance

Rise of the Machines: Are We Headed Toward SkyNet?

By Katie Spence, The Motley Fool

Filed under:

If you’re a science fiction fan, or married to one, you’ve probably watched Terminator, Battlestar Galactica, and I, Robot. Widely entertaining, these shows revolve around the premise that humans create machines, and somewhere along the line, the machines become self-aware and turn on their human masters. Luckily, these stories are relegated to the land of fiction. However, the rise of robotics is not. In fact, RoboEarth recently announced that it’s developed an open source cloud engine called Rapyuta, which will allow robots to share knowledge and learn from each other. While this news might be creating nightmarish visions of SkyNet, it also presents a potential investor gold mine, as robotics could be akin to the next PC or iPhone. Here’s what you need to know.

Photo Credit: Ѕolo via Compfight cc

They’re heeere…
Believe it or not, robots already play a part in human life. iRobot makes robots like the Roomba vacuum, and FirstLook, a robot the military can use for situational awareness. Companies like Hansen Medical and Intuitive Surgical make medical-assisting robots that aid in complex surgeries. And companies like ABB make manufacturing and industrial robots. Whereas these robots probably don’t conjure images of Cylons or T-1000s, they are robots nonetheless, and part of a progression in technology.

The next steps in this progression are robots that can adapt to their environment, react to changes, and alter their behavior, all without human intervention. One such robot is Baxter, a robot made by Rethink Robotics. This robot is mainly for manufacturing companies, and was designed so that instead of going overseas for cheap labor, companies could stay stateside and use robots in their manufacturing plants, with humans overseeing the robots.  

Rodney Brooks, Rethink Robotics‘ CEO, said that he believes robots “will become as common place in our lives as turning to a search engine is today,” and that as technology progresses, robots will become cheaper and more adaptive to their environments, allowing the average person to train robots to do everyday tasks – like the dishes.  

This is where cloud computing, Google‘s Goggles — an image recognition service for mobile devices, and cloud storage, and Microsoft‘s Kinetics, come into play. As Brooks stated, a goal in robotics is to create inexpensive robots that can do everyday tasks. But one of the problems has been object recognition. However, researchers at Berkeley have developed a custom version of Goggles that runs on Google’s image recognition system that will facilitate training and recognition. According to the researchers: “The training endpoint accepts 2D images of objects with labels identifying the object. The recognition endpoint accepts an image, and based on the set of features, either returns the object’s identifier along with a probability of correctness, or reports failure.” 

In other words, cameras, along with Microsoft’s Kinetics, allow the robot to take pictures and create 3-D scans of objects. Then, images are uploaded via the cloud. Based on …read more
Source: FULL ARTICLE at DailyFinance

Intuitive Surgical, Inc. First Quarter 2013 Earnings Conference Call

By Business Wirevia The Motley Fool

Filed under:

Intuitive Surgical, Inc. First Quarter 2013 Earnings Conference Call

SUNNYVALE, Calif.–(BUSINESS WIRE)– Intuitive Surgical, Inc. (NAS: ISRG) , the leader in operative surgical robotics, will hold its quarterly conference call to discuss First Quarter 2013 results, Thursday, April 18, at 4:30 p.m. Eastern Time.

This call is being webcast by Thomson Reuters and can be accessed at Intuitive Surgical‘s web site at www.intuitivesurgical.com.

Dial-in Numbers: (800) 230-1092; or (612) 288-0337. No passcode required.

The webcast is also being distributed over Thomson Reuters‘ Investor Distribution Network to both institutional and individual investors. Individual investors can listen to the call through Thomson Reuters‘ individual investor center at www.earnings.com or by visiting any of the investor sites in Thomson Reuters‘ Individual Investor Network. Institutional investors can access the call via Thomson Reuters‘ password-protected event management site, StreetEvents (www.streetevents.com).

Intuitive Surgical, Inc.
Calvin Darling, 408-523-2161

KEYWORDS:   United States  North America  California

INDUSTRY KEYWORDS:

The article Intuitive Surgical, Inc. First Quarter 2013 Earnings Conference Call originally appeared on Fool.com.

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My Top 2 Stocks: Netflix and Intuitive Surgical

By Anders Bylund, The Motley Fool

ISRG Revenue TTM Chart

Filed under:

I’m an unabashed growth investor. Not just any old growth, but the kind of earth-shaking hypergrowth that comes with disrupting traditional business ideas. If our Rule Breakers newsletter had a star constellation in the zodiac, I’d be born under it.

So I hope you’re not surprised to learn that 4 of my 15 stock positions come straight from David Gardner‘s growth-focused newsletter. Two more live on David’s side of the scorecard in our Stock Advisor service.

Here’s how I ended up making longtime Stock Advisor pick Netflix my largest holding, and how Rule Breaker Intuitive Surgical became my second-fattest position.

Netflix: Through thick and thin
Video maven Netflix is not just my largest holding but also my oldest. I first got into the stock at $28 per share, way back in 2006. That was when Blockbuster made a serious attempt to kill its newfangled rival, only to fatally weaken its own financial health instead. I had just done several months of intensive research on the movie rental industry, and came away convinced that Netflix had that game in the bag. That’s when I bought my first Netflix shares.

The stock price has multiplied more than five-fold since then, which goes a long way toward explaining its large stature in my portfolio. But that’s not the whole story.

Many investors might have taken their profits and headed for the exits when Netflix traded at $300 per share. I didn’t because I saw even higher values in the years ahead. The all-digital strategy of global domination had barely started to play out in those heady days of early 2011.

Many more might have — and did — run away when Netflix changed its service prices, separated the digital church from its DVD state, and wanted to cram a totally separate DVD service named Qwikster down our throats. This trifecta of management errors played out in a matter of weeks, and the stock lost three-quarters of its value.

I thought about the mistakes and, yes, I briefly considered selling. But CEO Reed Hastings saw the error of his ways, reversed the unforgivable Qwikster mistake (which might have worked just fine in 2013, mind you!), and vowed to tread more carefully when making large changes to the core business plan.

Netflix is still way ahead of the admittedly growing pack of hungry rivals. Everyone wants to rule the just-blossoming era of digital video distribution. So far, only Netflix has found a business model that works, and the company has a lead time of several years as the others figure out its secret sauce for customer satisfaction.

So I stayed. Not only that, but I bought more shares at $83. Hastings has done nothing to lose my long-term trust since then, and I still see outsized value in the stock.

This growth story is just getting started. I’m letting this winner run for the long haul. Quite possibly decades.

Intuitive Surgical: Betting …read more
Source: FULL ARTICLE at DailyFinance

QUAN Signs LOI to Give $40 Billion Tablet Market a Facelift

By Business Wirevia The Motley Fool

Filed under:

QUAN Signs LOI to Give $40 Billion Tablet Market a Facelift

HOUSTON–(BUSINESS WIRE)– Quantum International Corp. (OTCBB: QUAN), a growing technology company, announced today that the company signed a Letter of Intent with A Plus Technologies to begin producing a new line of electronic lifestyle enhancement technologies, including accessories for popular gadgets like the Apple (NAS: AAPL) iPad.

According to the LOI, Quantum and A Plus Technologies will evaluate entering into a definitive agreement for the development and delivery of new electronic products. A Plus’s first challenge will be to produce a working prototype of Quantum’s advanced, all-in-one accessory for the Apple iPad. The company plans to capitalize on the iPad’s unprecedented global popularity by engineering a case capable of enhancing the popular tablet in a number of significant ways, from the addition of external storage capabilities to a boost in battery life.

“We’re very pleased by the prospect of working with A Plus Technologies on this project, and we can’t wait to see the results,” said Quantum CEO Robert Federowicz. “We’re in the midst of our due diligence process now, but we anticipate moving forward on a definitive agreement with A Plus soon in order to get the line of incredible products that we’ve envisioned into the marketplace as quickly as we can.”

That’s because the market for iPad accessories is massive and growing fast. Currently, there are more than 117 million iPad owners worldwide, and the market for accessories is worth $2.3 billion and climbing. That’s the growth that Quantum plans to tap into with its new product.

For more information on Quantum International‘s technology initiatives, please visit www.quantuminnovators.com/investors.html.

Quantum International Corp. is working to develop the next generation of mobile and automation technologies to compete in a booming global industry alongside Intuitive Surgical, Inc. (NasdaqGS: ISRG), iRobot Corporation (NasdaqGS: IRBT) and Dover Corp. (NYS: DOV) .

Follow us on Twitter at www.twitter.com/QuantumIntlCorp.

About Quantum International Corp.

Quantum International Corp. (OTCBB: QUAN) is a robotics innovation company working to commercialize the next generation of sophisticated, automated technology. The Company is positioning itself to develop, deliver and market the most cutting-edge innovations in robotics in order to leverage the worldwide demand for the precision, speed, and cost-effectiveness these technologies offer.

For more information about Quantum International Corp., please …read more
Source: FULL ARTICLE at DailyFinance