Zeev's Turnips Patch-No Politics (ZEEV)

[madrose1]

ISRG lowered guidance , and high expectations sunk it, but getting a little bounce here off $110 -->

ISRG Intuitive Surgical on conference call -Update-

Says Q4 demand for Da Vinci systems exceeded their expectations at 40 units sold. Pricing remains steady, with ASPs fluctuating -- reflecting regional mix. Gross margin of 67.4% was 1.5 points higher YoY, but sequentially lower... Co sees FY06 revs up 25-35% (roughly $284-307 mln) vs $308.53 mln Reuters consensus. Sees Q1 revs sequentially lower (as expected), and expects delays in purchasing orders. Expects gross margins to decrease in the near-term; sees GMs of 64-65% in Q1, and rising into high-60s at the end of the year... Q&A is going on now.

17:06 ISRG Intuitive Surgical sees FY06 revs up 25-35% YoY (roughly $284-307 mln) vs $308.53 mln Reuters consensus -Update-