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Author: captainccs Big funky green star, 20000 posts Top Favorite Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 1416  
Subject: Re: Hospitals beginning to tout research results Date: 2/4/2013 2:07 AM
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LOL......unusual for you not to be objective Denny!

What objects are you objecting to? I just gave four dates so you guys could go at each other.

Comparing MAKO to ISRG without taking into account some apparently extraneous events will give you a distorted result. For example, while ISRG took only one more year from founding to IPO than MAKO that year happens to represent a 25% difference, from 4 to 5. In addition, MAKO didn't have a competitor at IPO. ISRG did, Computer Motion, a company that failed, was bought out by ISRG and its equipment discontinued:

As of June 30, 2003, Computer Motion, Inc. was acquired by Intuitive Surgical, Inc. In March 2003, Computer Motion, Inc. and Intuitive Surgical, Inc. agreed to merge into one company. Under the terms of the definitive merger agreement, Computer Motion's equity holders would receive 32% of the combined company on a fully diluted basis. Each outstanding share of Computer Motion common stock would be converted into approximately 0.52 shares of Intuitive common stock. Intuitive would issue an aggregate of approximately 15.39 million shares in exchange for all of Computer Motion's outstanding common stock, preferred stock, options, and warrants.

Computer Motion was founded in 1989 which then adds six more years to ISRG. True, there were some orthopedic robot companies as well but they all disappeared in 2008. Not having a competitor to beat can be bad news indeed!

Denny Schlesinger
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