Computer Motion Announces Year Over Year Bookings Up 47% and Revenue for the First Quarter of 2002.Business Editors SANTA BARBARA, Calif.--(BUSINESS WIRE)--April 8, 2002 Computer Motion To Host First Quarter Earnings Conference Call On April 15, 2002 at 1:30 p.m. PT Computer Motion, Inc. (Nasdaq: RBOT RBOT Rotating Bomb Oxidation Test ), the world's leading developer of surgical robotic systems, today announced bookings of $6.9 million for the first quarter ended March 31, 2002, up 47% year over year. Revenue for the quarter was essentially flat in comparison to the first quarter of 2001. While North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. sales were up 20%, results were negatively impacted by a shortfall in revenues in Europe, South America, Asia, and the Middle East. "We expect business in the rest of world to improve during the second quarter and it already has. We also expect that our forthcoming 510k General and Laparoscopic Laparoscopic A minimally-invasive surgical or diagnostic procedure that uses a flexible endoscope (laparoscope) to view and operate on structures in the abdomen. Mentioned in: Obstetrical Emergencies submission to the FDA FDA abbr. Food and Drug Administration FDA, n.pr See Food and Drug Administration. FDA, n.pr the abbreviation for the Food and Drug Administration. for ZEUS(R) with MicroWrist(TM) will help to ensure that North American business remains robust," stated Bob Duggan, Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Computer Motion. Computer Motion will host a conference call to discuss its first quarter earnings on April 15, 2002 at 1:30 p.m. PT. To participate, please call 800/937-6983, or 706/679-5457, and ask to be connected to the Computer Motion First Quarter Earnings Conference Call. A live Webcast will also be available at the Computer Motion Investor Relations Web site under the events section. Computer Motion's Web site is www.ComputerMotion.com. For parties interested in a replay of the call, a digital playback will be available until April 29, 2002 at 800/642-1687, or 706/645-9291, code 3783232. An archive of the Webcast will also be available through April 29, 2002 on the Computer Motion Investor Relations Web site under the events section. [pilcrow (paragraph sign)] Computer Motion's products include: the ZEUS(R) MicroWrist(TM) Robotic Surgical System for minimally invasive surgery minimally invasive surgery Laparoscopic surgery, see there. See Laparoscopic cholecystectomy. , the HERMES(TM) Control Center, a centralized system that enables the surgeon to voice control a network of "smart" medical devices, and the AESOP Aesop (ē`səp, ē`sŏp), legendary Greek fabulist. According to Herodotus, he was a slave who lived in Samos in the 6th cent. B.C. and eventually was freed by his master. (R) Robotic Endoscope endoscope, any instrument used to look inside the body. Usually consisting of a fiber-optic tube attached to a viewing device, endoscopes are used to explore and biopsy such areas as the colon and the bronchi of the lungs. Positioner, which was also the first FDA-cleared surgical robot to be made commercially available in the U.S. The company's newest product, the SOCRATES Socrates (sŏk`rətēz), 469–399 B.C., Greek philosopher of Athens. Famous for his view of philosophy as a pursuit proper and necessary to all intelligent men, he is one of the great examples of a man who lived by his principles even (TM) Telecollaboration System, is the first device to be cleared by the FDA in the newly created category of Robotic Telemedicine Devices, and is designed to facilitate surgeon collaboration using video and audio conferencing, shared control of the endoscopic en·do·scope n. An instrument for examining visually the interior of a bodily canal or a hollow organ such as the colon, bladder, or stomach. en camera, and video annotation on the surgical image in the operating room. The company's products are CE-Marked for commercial sale in the European Community. The company's Web site is www.ComputerMotion.com. This press release contains forward-looking statements concerning the company's business and products. Actual results may differ materially depending on a number of risk factors, including the risks of competition and competing technologies, duration or suspension of clinical studies, regulatory clearances and approvals, and physician, hospital and payor acceptance of the company's products. These factors and other risks inherent in the company's business are described from time to time in the company's Securities and Exchange Commission filings, including its Annual Report on Form 10-K. The company undertakes no obligation to revise the forward-looking statements contained herein to reflect events or circumstances after the date hereof to reflect the occurrence of unanticipated events. |
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