Intuitive Surgical Net Worth is27.6 12-Month Sales Growth (%)
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Company Name: Intuitive Surgical Inc.
Company Type: Public company
Traded As: ISRG, S&P 500
Foundation: 1995
Location: Sunnyvale, California, California, USA
Key People: Gary S. Guthart, CEO , Lonnie M. Smith, Chairman
Industry: Medical Appliances & Equipment
Products: ''da Vinci'' Surgical System
Revenue: url
Operating Income: net income
Num Employees: 935
Homepage: [http://www.intuitivesurgical.com/ www.intuitivesurgical.com]
Intuitive Surgical Inc. is a corporation that manufactures robotic surgical systems, most notably the da Vinci Surgical System. The da Vinci Surgical System allows surgery to be performed remotely using robotic manipulators. The company is part of the Nasdaq-100 and S&P 500. Intuitive Surgical has installed over 1,242 systems worldwide as of July, 2009.Computer Motion was a competitor that merged with Intuitive Surgical in 2003.
The research that eventually led to the development of the da Vinci Surgical System was performed in the late 1980s at non-profit research institute SRI International. In 1990, SRI received funding from the National Institutes of Health. SRI developed a prototype robotic surgical system that caught the interest of the Defense Advanced Research Projects Agency (DARPA), which was interested in the system for its potential to allow surgeons to operate remotely on soldiers wounded on the battlefield.
In 1994, Dr. Frederic Moll became interested in the SRI System, as the device was known at the time. At the time, Moll was employed by Guidant. He tried to interest Guidant in backing it, to no avail. In 1995, Moll was introduced to John Freund, who had recently left Acuson Corporation. Freund negotiated an option to acquire SRI's intellectual property and incorporated a new company that he named Intuitive Surgical Devices, Inc. At that point Freund, Moll, and Robert Younge (also from Acuson) wrote the business plan for the company and raised its initial venture capital. Early investors included the Mayfield Fund, Sierra Ventures, and Morgan Stanley.
The company refined the SRI System into a prototype known originally as "Lenny" (after the young Leonardo da Vinci), which was ready for testing in 1997. As the company's prototypes became more advanced, they were named using da Vinci themes. One was named "Leonardo", and another was "Mona". The final version of the prototype was nicknamed the da Vinci Surgical System, and the name stuck when t

Intuitive Surgical Net Worth, 5.0 out of 5 based on 1 rating
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Intuitive Surgical Latest News

Why Intuitive Surgical, Inc. Shareholders Have Something to Worry About

Surgeons around the globe will perform around 867,000 procedures using Intuitive Surgical, Inc.'s (NASDAQ: ISRG) robots this year, making this company the undisputed champion of robotic surgery, today. The market this company helped create is growing fast ...
Posted: December 4, 2017, 6:45 am

da Vinci leads the way in global robotic surgical market, says GlobalData

The pioneering area of robotic surgery is headline news around the world and buzzing with activity thanks to Intuitive Surgical’s da Vinci machine. The company launched the first robotic assisted surgery system in 2000 and have led the way ever since in ...
Posted: December 8, 2017, 8:04 am

Superb Metrics for Earnings Momentum Make Intuitive Surgical (ISRG) a Strong Buy

The current recommendation of Strong Buy for Intuitive Surgical Inc (NASDAQ:ISRG) is derived using the Portfolio Grader stock evaluator of Louis Navellier, which incorporates his investing methodology. The current Portfolio Grader recommendation on the ...
Posted: December 12, 2017, 7:00 am
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