No Vinnie, it's not. Some people use guns to shoot others and people vote at the polls - so what's your point?
Please take a little more time to compose your thoughts so we can have an intelligent conversation on the matter(s) that really bother you about this company.
Great research Vinnie - you the MAN!!! You managed to find at least two MB posters out of thousands of ISRG investors that used the word, "monopoly". To bad you can't apply that to regular DD on stocks and realize a winner when it slaps you in the face.
You sound like a prime candidate for immigrating to Venezuela. Just because you don't understand how a market economy works does not make a company bad.
First of all, ISRG does NOT have a monopoly on surgery. A patient or doctor can choose whatever tool they desire in order to perform the surgery. If the da Vinci was only used for 10 surgeries per year would you still claim that they have a monopoly? Probably not. But simply because more and more patients and doctors are choosing to use the da Vinci, you infer that the company is preying on the sick - LOL.
If you started a company and spent several years and millions of dollars to bring a product to market, I would think that you would like to recoup your investment at some point. But your line of thinking suggests that, after all of this investment, you would simply turn over your invention to the world - once again, LOL. Not only is ISRG recouping their investment but they are also using millions of R&D dollars every year to improve the product.
I take pride in the fact that I invested in a company that brings REAL benefits to both the surgeon and patient. I'll let you educate yourself on what those benefits are...
A friend of mine (his name is "Google") told me otherwise...
Survey from RBC:
U.S. surgeons predict a ***big increase*** in robot-assisted surgeries over the next five years, especially for colorectal and hernia procedures, according to a survey by RBC Capital Markets. About 15% of surgeries today involve the use of robots, and the figure could hit 35% in five years and 41% in 10 years, the survey indicates.
Recent article explains that general surgery procedures are rapidly expanding:
Recent advances in robotic surgery have ***opened new avenues*** for surgeons and patients in the field of minimally invasive surgery. The da Vinci robotic-assisted surgery platform was approved for use in the U.S. in 2000. It was quickly adopted by urologists for the treatment of prostate cancer and by gynecologists for benign uterine pathology. It is now considered the treatment of choice for many disease processes in both of these specialties. More than 1.5 million robotic cases have been performed worldwide to date. Yet it was not until the past five to six years that general surgeons adopted this technology for use in minimally invasive abdominal surgery.
The da Vinci is so economical that hospitals in Mexico are performing procedures for free:
Mexico City hospital offers surgery at ***no charge*** to poor or uninsured patients. A new cutting-edge medical option has just been made available for low-income and uninsured patients at the Dr. Manuel Gea González general hospital, located in the southern borough of Tlalpan, in Mexico City.
Hmmm...just wondering what kind of hardware you would forge if you had to have prostate surgery? :)
"But things like stapling, stitching, cutting from point A to point B could be automated."
One other thing (and probably the most important) that I wanted to mention as to why I don't think we will see true automated surgery any time soon is the issue of liability. Right now, if something goes wrong during surgery, most of the liability is spread out amongst the doctors and hospitals. Automating surgeries (or parts thereof) begins to tip that equation on it's head and is something I doubt ISRG would desire.
"If nothing else, we could have current machine learning algorithms observing and learning enough to warn of potential errors while amassing knowledge to be used later."
We can't be sure that it isn't already happening...once again, it may take a compilation of several years worth of data to structure and analyze before it can be put to practical use as a viable solution.
"Also, why haven't we taken up the full range of Novadaq's offerings?"
Actually, I don't understand why ISRG hasn't outright bought them. They have products that nicely complement the da Vinci systems and it allows ISRG to smartly diversify - IMO.
"Why aren't routine surgeries automated by now?"
While it might be innovative if they accomplished this, how would this really improve the financials? First of all it would take several years of working proof for people to feel comfortable with this mode and a surgeon would have to be present irregardless. There are so many variables in even a "routine" operation that is extremely hard to program and account for all of the permutations.
With the newest model, I think ISRG has given surgeons what they have been asking for. I doubt automated surgeries are high on the request list..
WOOOOWWW - JackStraw created his BIG yahoo ID today just so he could spew his shorty scare paragraphs.............................I just can't wait to hear what the next BIG yahoo ID ending in "1236" has to say.