Here's some news from the financial markets:
SUNNYVALE, Calif., Feb. 2, 2015 (GLOBE NEWSWIRE) -- Intuitive Surgical, Inc. (ISRG), the industry leader in robotic-assisted surgery, today announced that its Board of Directors has authorized the Company to repurchase up to $1.0 billion of the Company's outstanding common stock.
"We continue to use our cash to invest in our business by advancing our technology, growing our presence outside of the U.S. and driving adoption of robotic-assisted minimally invasive surgery," said Marshall Mohr, Chief Financial Officer, Intuitive Surgical. "We also seek to return excess cash to our shareholders, and this authorization gives us the flexibility to act given the right opportunity."
How much "excess cash" might the company have? Well, this financial analysis from Bloomburg suggests that they are loaded, holding about $2.5 billion in cash as of the last quarter (top right-hand figure).
SUNNYVALE, Calif., Feb. 2, 2015 (GLOBE NEWSWIRE) -- Intuitive Surgical, Inc. (ISRG), the industry leader in robotic-assisted surgery, today announced that its Board of Directors has authorized the Company to repurchase up to $1.0 billion of the Company's outstanding common stock.
"We continue to use our cash to invest in our business by advancing our technology, growing our presence outside of the U.S. and driving adoption of robotic-assisted minimally invasive surgery," said Marshall Mohr, Chief Financial Officer, Intuitive Surgical. "We also seek to return excess cash to our shareholders, and this authorization gives us the flexibility to act given the right opportunity."
How much "excess cash" might the company have? Well, this financial analysis from Bloomburg suggests that they are loaded, holding about $2.5 billion in cash as of the last quarter (top right-hand figure).
