Ladies and gentlemen, thank you for standing by. Welcome to the Intuitive Surgical Q4 2012 Earnings Release Call. At this time, all participants are in a listen-only mode. Later we will conduct the question-and-answer session and instructions will be given at that time. (Operator Instructions) and as a reminder this conference is being recorded. I will now turn the conference over to Calvin Darling, Senior Director of Finance for Intuitive Surgical. Please go ahead.

Thank you. Good afternoon, and welcome to Intuitive Surgical’s fourth quarter earnings conference call. With me today, we have Gary Guthart, our President and CEO; Marshall Mohr, our Chief Financial Officer; and Aleks Cukic, our Vice President of Strategic Planning. Before we begin, I would like to inform you that comments mentioned on today's call may be deemed to contain forward-looking statements. Actual results may differ materially from those expressed or implied as a result of certain risks and uncertainties. These risks and uncertainties are described in detail in the Company's Securities and Exchange Commission filings. Prospective investors are cautioned not to place undue reliance on such forward-looking statements. Please note that this conference call will be available for audio replay on our website at intuitivesurgical.com on the Audio Archive section under our Investor Relations page. In addition, today's press release has been posted to our website. Today's format will consist of providing you with highlights of our fourth quarter results as described in our press release announced earlier today, followed by a question-and-answer session. Gary will present the quarter's business and operational highlights. Marshall will provide a review of our fourth quarter financial results. Aleks will discuss marketing and clinical highlights, then I will provide our financial forecast for 2012, and finally, we will host a question-and-answer session. With that, I will turn it over to Gary.

Thank you for joining us on the call today. 2012 has been a productive year at Intuitive, in the past year our focus was in the following four areas; first, continued growth in gynecology and urology worldwide. Second, disciplined execution of our Single-Site and vessel sealing launches. Third, building robust clinical programs with leading customers in emerging procedures in general surgery, thoracic surgery and transoral surgery. And finally strengthening our capabilities in international markets. In reviewing the year I'll turn first to procedures. Year-over-year growth in procedures finished at 25%, led by continued uptick in gynecology and growing use of da Vinci in general surgery. The gynecology growth was broad-based with increased use of da Vinci surgery for gynecologic oncology, hysterectomy, myomectomy, and sacrocolpopexy. General surgery growth was substantial in the year led by increased use of da Vinci in colorectal procedures and Cholecystectomy, the latter driven by interest in da Vinci Single-Site. Global urology as a category was up slightly for the year, pressured by a significant reduction in prostatectomies in the United States. As we have mentioned on prior calls, we believe the reduction in prostatectomy is the result of a combination of factors including recommendations moving away from the use of PSA testing for early detection and an increase in non-definitive treatment pathways such as watchful waiting. However we did see a quarterly sequential rise in the United States in prostatectomies from the third quarter to the fourth quarter of 2012. Aleks will take you through greater detail on our procedure performance later in the call. Turning to da Vinci surgery outside of the United States in 2012 we focused on improving our performance in Asia and in Europe. In Japan, reimbursement approval for da Vinci Prostatectomy contributed to significant early uptake of systems and procedures. In…

Thank you, Gary. Our fourth-quarter revenue was $609 million, up 23% compared to $497 million for the fourth quarter of 2011 and up 13% compared to $538 million last quarter. Fourth quarter revenues by product category were as follows; fourth quarter instrument and accessory revenue was $254 million, up 29% compared with $196 million for the fourth quarter of 2011 and up 16% compared with $218 million in the third quarter of 2012. The year-over-year increase in I&A was driven by procedure growth of approximately 25%, sales of new instrument and accessory products, including Single-Site, Vessel Sealer and Firefly and higher stocking orders associated with higher system unit sales. The year-over-year procedure growth was led by U.S. gynecology and general surgery procedures, partially offset by lower growth in Europe and a year-over-year decrease in U.S. dVP's of approximately 17%. The sequential increase in I&A revenue compared with the last quarter was driven by higher procedure volume benefitting from favorable fourth quarter seasonality in benign procedures, higher new product sales, higher initial stocking orders, and the timing of distributor orders. Instrument and accessory revenue realized per procedure including initial stocking orders was approximately $2,050 per procedure, which is higher than the $1,980 realized in the fourth quarter of 2011, and the third quarter of 2012. The sequential year-over-year increases were driven by higher new product sales, including Vessel Sealers, Single-Site kit, and Firefly kits. Higher initial stocking orders associated with higher systems unit sales, and the timing of distributor orders. Fourth quarter 2012 systems revenue, $265 million, increased 18% compared with $225 million for the fourth quarter of 2011, an increase of 14% compared with $232 million for the third quarter of 2012. We saw 175 systems in the fourth quarter of 2012, compared with 152 systems in the fourth quarter…

Thank you, Marshall. During the fourth quarter we sold 175 da Vinci systems, 133 in the United States, 24 into Europe and 18 into rest of world markets. As part of the 175 system sales, 12 standard da Vinci systems and 40 da Vinci S systems were traded in for credit against sales for new da Vinci Si systems. We had a net 123 system additions to the installed base during the quarter, which brings to 2585 the cumulative number of da Vinci systems worldwide, 1878 in the United States, 416 in Europe, and 291 in rest of world markets. 114 of the 175 systems installed during the quarter represented repeat system sales to existing customers. In total, 167 of the 175 system sold represented da Vinci Si or Si-e systems, which included 32 dual console systems. The 42 system sales internationally included 10 into Japan, four into Italy and three into the countries of Denmark, Switzerland, and Canada. Overall, our da Vinci sales remained strong through the year totaling 620 systems. Clinically, we finish the year strong with Q4 year-over-year procedure growth of approximately 25%. The specialties of GYN and general surgery were responsible for most of this growth. dVP more specifically U.S. dVP, a topic we’ve extensively discussed over the past several quarters declined 17% on a Q4 over Q4 basis, but was up 2% on a sequential basis, while the rate of decline has tampered a bit, we are not in position to declare an endpoint to its decline. Our fourth quarter growth rate matched our 2012 overall procedure growth rate of 25%. U.S. procedure growth for the year was approximately 26% as compared to 23% for our international markets. The specialties of GYN and general surgery contributed the overwhelming majority of 2012 procedure growth. Benign hysterectomy,…

Thank you, Aleks. I will be providing you with our financial forecast for 2013 including procedures, revenues and other elements of the income statement on a GAAP basis. I will also provide estimates of significant non-cash expenses to provide you with visibility into our expected future cash flows. Starting with procedures, in 2013, we expect procedure growth to be driven by U.S. gynecology, U.S. general surgery and international dVP procedures. We expect our 2013 total procedures to grow approximately 20% to 23% from the base of approximately 450,000 procedures performed in 2012. Based on an increasing proportion of the nine short-term elected procedures in our procedure mix, we anticipate a more pronounced quarterly seasonality impact in 2013 as compared to 2012, resulting in proportionally lower Q1 and Q3 procedure volumes and proportionally higher Q4 volumes. As a result, total first quarter 2013 revenue is likely to be lower than the fourth quarter of 2012. All of 2013 revenues particularly capital sales are subject to the impact of economic conditions. Now turning to operating income; our full year 2012 operating income was 40.3% of revenue. In 2013, as we reviewed on our last call, the medical device tax has become effective. Based upon our 2012 regional and product mix, we would estimate the tax to equate to roughly 1.1% of our consolidated revenue. We plan to record the expense as a component of cost of sales, thus impacting both gross and operating profit margins. We also expect the impact of new products to shift our overall gross margin percentage slightly lower in 2013. In addition, we expect to continue to invest in field sales and training resources to support procedure adoption. Based upon these factors, we expect our 2013 operating income to fall within a range of between 38% and 39%…

(Operator Instructions) Our first question is from Lennox Ketner with Bank of America. Lennox Ketner – Bank of America/Merrill Lynch: Hi, can you hear me, okay?

Yeah. Lennox Ketner – Bank of America/Merrill Lynch: Great. Congratulations on a good quarter. I guess first on, I just wanted to touch base on general surgery and the growth you’re seeing in Cholecystectomy. I am wondering at this point in Europe is it possible to speak kind of either quantitatively or qualitatively to how much of that uptick you think is trialing versus the key procedures? I don’t know, if you can give any sense as to what percentage of the 450 customers that have bought Single-Site, kits have bought second kits or if it’s possible to speak it although to how much do you think is trialing versus the key procedures?

Well, I think it’s really too early to say what is a trend, what is ultimately a long-term expectation. It’s our belief and what we can say at this point, and it’s our belief that with 450 U.S. customers purchasing starter kids that there’s a lot of interest in people moving towards single incision surgery. trying to define how many of those we will have going forward that a part of the initial purchase is difficult to say. But I think we’re most pleased with the fact that it is indeed a large number of U.S. customers that are going through the purchasing activity and actually doing these procedures today. Lennox Ketner – Bank of America/Merrill Lynch: Okay. and then just as a follow-up. there is some concern around the recent AAGL statement regarding robotic hysterectomies, in fact that AAGL doesn’t believe it should be used to replace laparoscopic hysterectomies, I know that most of your hysterectomy procedures that are being done right now are – it’s actually replacing open surgeries that I’m wondering if you could maybe just frame for people on a go-forward basis, what percentage of the hysterectomy market, you think is still being done as open procedures, just so people have a sense as to what the remaining opportunity is there in terms of simply converting open procedures to robotic?

Well, you are right, I think many of the studies that were cited in the AAGL statement actually compare robotic surgery to laparoscopic surgery, and really failed to recognize that the majority of the robotic cases would have probably previously been done via laparotomy. We had as you recall as we’ve gone through our sizing if you will of our target market, we’ve talked about this pretty specifically over the years, when we started really with the da Vinci Hysterectomy, I think it was estimated that somewhere along the lines of 66% of the hysterectomies performed in the United States were being performed through laparotomy. I believe the solution database, which is a division of Thomson Reuters, I think in their most recent publication I think goes to 2011, they estimated that only 39% of the procedures in the United States, now the hysterectomy procedures are being performed through laparotomy. , : Lennox Ketner – Bank of America/Merrill Lynch: Okay. thanks very much.

Next, we’ll go to the line of Ben Andrew with William Blair. Please go ahead. Ben Andrew – William Blair & Co. LLC: Good afternoon guys, two questions from me. first, can you talk about the adoption curve that you’ve seen in Gen Surg so far and if you adjust for the installed base change, how it compares to maybe dVH most appropriately?

Well, it’s interesting in general surgery versus let’s say dVH, as we’re talking about a category. within the general surgery category if I’m not mistaken, there have been some where around 40 plus procedures that have gone into the category of general surgery that have been done – performed with da Vinci. So it’s difficult to really compare apples-to-apples between a category and let’s say something like dVH, which is a single procedure and it’s even more difficult comparing it to let’s say dVP, which is a single procedure that is always done for a single disease, which is cancer. In other words, there’s just too many inconsistencies between the three, but what we will say is within the category of general surgery, the two procedures that are driving a great deal of that growth are Cholecystectomy and colon surgery, not just low anterior resection, but right colons, left colons, transverse colons et cetera. Ben Andrew – William Blair & Co. LLC: And Aleks, can you talk a little bit about the typical experience for a new general surgeon starting out in sort of wanting to do Single-Site chole or whatever, is there a typical kind of process they go through and how quickly, people are coming up that curve?

That depends on what their experience is going into that case. In other words, are they completely laparoscopically trained, are they laparoscopically naive, are they robotically trained, robotically naïve, and I think each one of those is a little bit different, but I would say that by and large, you will have people that will do multi-incisioned cholecystectomies with the traditional da Vinci system or they will do some other procedures prior to moving into the single incision surgeries. I don’t know that I can say that there is a typical profile and/or a typical experience. Ben Andrew – William Blair & Co. LLC: Okay. And then just maybe a quick question for Marshall, can you talk a little bit about the expectations on guidance, and specifically thinking about Europe, if you guide to the 20% to 23% procedure growth, does that give you 25% U.S. and 15% Europe or international more broadly, just characterize for us what you built in there, please? Thanks.

We haven’t broken it down and we’ve given you a range, because there is some uncertainty associated with certain elements of the guidance itself. And so, I’m not going to break it down into those details. Ben Andrew – William Blair & Co. LLC: All right. Thank you.

Yeah.

Next, we’ll go to the line of David Lewis with Morgan Stanley. Please go ahead. David R. Lewis – Morgan Stanley & Co. LLC: Good afternoon. Aleks, I wonder if you could tell us maybe in the back half of 2012 or for all 2012, you think about total general surgery procedures, either in terms of adoption curve steepness either in Single-Site Chole versus LAR. Where you're seeing a steeper relative adoption curve of where the contribution to growth is stronger?

Well, it is too early to say. As you know with adoption curves, it's dangerous to try to project steepness too early in the equation. So try and do really pull out an individual point today and draw a lot of conclusions from it is probably dangerous. But in terms of overall growth, I mean cholecystectomy is as we have said, I think in our previous call is our third largest overall procedure, and that's all cholecystectomy including Single-Site and for incision cholecystectomy, so that one would be growing at a steeper rate. David R. Lewis – Morgan Stanley & Co. LLC: Okay, very helpful. And then Marshall just a quick question on margins, it sounds like some of the dynamic is mix with some of your higher growth procedures coming in at maybe a slightly lower GM. How much of that is simply temporary, when you start getting real scale advantages, back half ‘13 and ‘14, does that sort of vanish and get back to a corporate gross margin for consumables that's more appropriate or are we always going to see some sort of a drag here, just based on how you are pricing somebody’s individual units?

This is the variation in margin really have to do with the introduction of new products. And the margins that are earned under this new product. Initially you are dealing with low-volumes, you're dealing with maybe non optimized, may be factoring in and design, those products are, we work on reducing those costs over time, increasing volumes, and reducing those costs over time. But some of those products are more complex than the products we've had in the past, and so it's not practical to predict that it will actually get to the same level of margin and let’s say a simple product that we have.

Some improve quickly in margin and some take greater investment and longer time. David R. Lewis – Morgan Stanley & Co. LLC: Okay, thank you very much.

Next, we will go to the line of Tycho Peterson with JPMorgan. Please go ahead. Tycho W. Peterson – JPMorgan Securities LLC: Hey, good afternoon. Question maybe first one on dVP, your sequential performance, it was a little bit better than we have been modeling. I know you're somewhat reluctant to the kind of call it bottom here, but can you talk about whether there is any change in your own expectation from kind of a peak to trough drop-off in dVP, and is it too early to start to think about some of those that have dropped out coming back in for surgery?

Yeah, I think as you started out in your question. I think you accurately stated the way we feel about it. It is too early for us to call 90 days have passed since the last time we talked and we watched a little closer, where we’ve seen a favorable Q4 recognizing the Q3 as historically a seasonally slower quarter. And so I think trying to draw too many conclusions at this stage is probably not in anyone's best interest. So I can say that we didn't see a great deal of difference other than the numbers in terms of the discussions with the physicians, I think people are pretty much in the same place today as they were in Q3, however the numbers have shown an improvement, and we will watch it and we’ll see when we feel safe to call it a drop. Tycho W. Peterson – JPMorgan Securities LLC: And then in terms of the quarter, in terms of placements, were you able to call out the impact of DA order at all, we had to keep watching about that.

So the DA contract was for about $34 million of products that was a contract for both systems initial stocking of instruments and accessories as well as other things that go with like simulators. And we did ship majority of what was under that contract in the last quarter. Tycho W. Peterson – JPMorgan Securities LLC: Okay. And then just last one as we think about full ramp of the stapler here. I know you’re kind of still in the trailing period in working with [KOLs], but when should we think about that moving into kind of full commercial launch.

We’ll be advancing it carefully the first half of this year and likely through the full year, so in the first half, we expected the customers in this first quarter, and will advance as slowly as we get the customer feedback and really make sure that we’ve optimized their experience. So this will be a conservative launch, really focused on the fact that, stick when you sell, and we want to make sure that our customer is having great experiences. Tycho W. Peterson – JPMorgan Securities LLC: Okay. Thank you.

Next, we’ll go to the line of Larry Keusch with Raymond James. Please go ahead. Lawrence S. Keusch – Raymond James Financial: Thanks. Also maybe you can talk a little bit about prostrate and the experience in Europe, I guess there had been some concern that some of the changes in the U.S. here would have a pronounced effect over there, so any thoughts on that would be great.

Well, I think as we’ve said in the past, the world is getting smaller, information is shared quickly and narrow our same senses if you will of participants at both national and international meeting. So I think there is some effect and it is in some markets, it’s probably felt a little bit more than in others. In other words, in a place like Japan where you’re starting relatively new, there is a lot of growth ahead of us and you’re probably powering through that, any concerns – if there were some concerns about whether or not, PSA screening is appropriate or conserve the treatment, whereas in other countries it’s probably a little bit more pronounced. So I don’t know that we can necessarily label Europe homogenously and believe more international for that matter and believe that it’s something that resembles – each country resembles the next, but I think there are probably some markets where it’s a little bit more pronounced than others.

Like in the U.S. it’s a hard think to model. Lawrence S. Keusch – Raymond James Financial: Got it and then just two other quick ones, just relative to the 510 clearance that you guys are anticipating for Firefly in biliary, could you talk about how important that is to proceed the option of Single-Site Chole. It seems to me that obviously we can reduce kind of bile duct injuries that would be a positive with that technology. And then separately, I think last quarter you provided some feel for kind of in the U.S. what procedures grew if you were to adjust for the declines in prostatectomy. I was wondering if you can help us with that in the fourth quarter.

Just speaking to the first one, the 510(k) submission for Firefly biliary imaging that has just been submitted this quarter, so in terms of when we expect clearance, no end point to tell you about yet. We do think that biliary imaging in real time is interesting and meaningful for Cholecystectomy for the reason that you indicated that a common bile duct injury is a serious complication, and we think that Firefly can augment the white light imaging and be a complement to cholangiography, so that’s the intend. We‘ve just started that conversation with FDA and as it proceeds in we have something more material to share we will. With regard to the break outs on kind of the adjustments and the procedure mix, I’ll turn to Aleks.

Yeah, I think it’s pretty consistent with what I had mentioned earlier in terms of Hysterectomy, if cholecystectomy, colorectal surgery, endometriosis resection, partial nephrectomy, I mean those procedures are the ones that I think primarily are the strength for the quarter and for the year.

Yeah. And just looking at the numbers on a full-year basis, dVP on a full-year basis was down 15%, as Aleks described in his notes, if you kind of back that out in the U.S. everything else was up about 39%. Lawrence S. Keusch – Raymond James Financial: Thank you so much.

We’ll go to the line of David Roman with Goldman Sachs. Please go ahead. David H. Roman – Goldman Sachs & Co.: Good evening everyone. And I’m certainly echoing the comments earlier on the very strong quarter here. So congrats, nice way to start - end the year and start 2013. I wanted to sort of focus a little bit on the general surgery application and more specifically, can you give some perspective on where the procedures you’re doing are coming from, and I guess what I’m asking is, are these procedures that were done in a laparoscopic setting, were they done open, are these people who wouldn’t otherwise do their procedures, are you adding growth to the market, maybe just any perspective you can give us on the competitive modalities would be helpful?

Yeah. I think if you look at again, we believe, we talked about 42,000 procedures, up from 15,000 in 2011. If you look at the biggest contributor there it’s cholecystectomy. And almost all of those procedures had been done laparoscopically, because the standard of care is laparoscopic cholecystectomy. So that one I think is fairly simple to say where it’s coming from. If you look at bowel surgery and specifically large bowel or colon, you have left colons. You - starting the other side you have right colon is transverse, left sigmoid moving down into the rectum and then you have total colectomy. depending on which procedure each of those are accounted as a different procedure, depending on which of those procedures you’re talking about, if you did it inversely and you started at the most difficult or the lowest penetrated laparoscopically it would be low rectal cancer. There you are talking about data which suggest that it’s single digit penetration of laparoscopy whereas if you’re talking about right colon, it’s double digit and I have seen numbers perhaps as high as 20% or 21% or 22%, that is laparoscopic. So you have a range of where those patients would have gone either to a open surgery or laparoscopic surgery and then you have a smattering of procedures that range from some open, that would have been done open, whether it would be distal pancreatectomy or liver surgery and then you have other procedures such as Nissens that may have been laparoscopically. So there is a lot of movement that’s going on which is I think was an earlier question that Ben had asked about general surgery, you have what amounts to I think 40 some procedures that have been done and trying to build an individual profile for general surgery is a challenge. David H. Roman – Goldman Sachs & Co.: And then maybe just a follow up on the guidances obviously 20% or 22% procedure guidance is a sold number. I mean look at that in contrasted with a total revenue guidance, it does imply a fairly sharp slowing on the system side of the business. Is there anything particular to call out there, is it comps, is it lapping the Japan reimbursement or anything to help us understand why that business would start – would slow to the degree that the guidance implies.

Yeah, I am not sure that – yeah the conclusion is absolutely right. I mean there are lot of factors in the guidance including the average selling prices of the systems and the procedures and so on, so yeah. So don’t necessarily agree with the conclusion.

I think we’ve lived in a good world of – a good mix on systems. And so I’m not sure that we believe that that system mix in that ASP will hold for the whole year. I think on the I&A front, as we move out in time as we’ve always said, as stocking orders will become a smaller part of the picture and have less impact. And so, we would see some level of pressure on pricing on I&A. and then I think in general, I think we’ve shown over the years, the procedure growth outpaces revenue growth, because our systems generally are not at the same level. David H. Roman – Goldman Sachs & Co.: Okay. And then lastly, just to clarify on the share count, you said 41.2 million shares. is that a comment regarding the first quarter or the full-year of 2013?

That’s the first quarter comment. David H. Roman – Goldman Sachs & Co.: Okay. Got it, thank you.

Next, we’ll go to the line of Rick Wise with Stifel Nicolaus. Please go ahead. Rick A. Wise – Stifel, Nicolaus & Co., Inc.: Good afternoon everybody.

Hi, Rick. Rick A. Wise – Stifel, Nicolaus & Co., Inc.: If you could just give us a little more color on some of the structural changes you’re making in Europe. Gary, you indicated that you’re making significant progress as you’ve deepened the organization. just a couple of things, how long do you envision this investment, maybe extraordinary investment process continuing and maybe, give us a little more details about some of the specific actions, if you could that you’re taking place and maybe how you’re approaching the market or Pan-Europe or company specific, anything to just to understand a little better, some of the things that are happening there? Thank you.

Yeah. I think with regard to the progress we’ve made, I think we’ve made some progress, I’m not ready to call it significant progress yet. I think that our investments have really been in kind of three areas; one has been getting the right sales reps in the right territories, pretty straight forward. We’ve done that and we’ll continue to do so. And that runs on a set of coverage metrics and kind of market analyses that are pretty straight-forward. We’ve been making some more targeted investments, this isn’t [cash of thousands] [ph] spent in terms of understanding reimbursement and regulatory and the resources that are required to perform in different markets. And so that’s been a more targeted set of investments. and we’ve invested in some better kind of top line leadership, and I think investments in all three of those are encouraging, but they’re early. I think that we’ll continue to invest for the next several quarters. It isn’t a huge dollar value investments, they’re more targeted in that way, but they’re important. and so far I think that that we’ve made the right first steps, I think we need to continue on that pathway. Rick A. Wise – Stifel, Nicolaus & Co., Inc.: And thank you for that, and you think that the major thrust is completed this year or by midyear just getting any sense of timing?

I think we’ll be concentrating on it through the year and by this time, next year; we don’t ask that same set of questions. Rick A. Wise – Stifel, Nicolaus & Co., Inc.: Okay.

Just time for one more question, if you will. Rick A. Wise – Stifel, Nicolaus & Co., Inc.: Okay. Japan, just again, I think you said a significant demand, with the da Vinci Si approval on hand, is this going to be an incremental driver or we’re going to see more upgrades maybe in 2013, getting help or bring that for us? Thank you.

I think there are really two things to say with regard to Si approval in Japan. The first one is we’re excited about the approval in large part, because it allows us to bring the Japan with follow-on clearances, a set of technologies that we think have really made a down set in the rest of the world and things like Single-Site and Firefly and thus assuming to counsel and simulate or a bunch of things that we invest on the SI system side. So we’re excited about that. I think structurally though in the longer term, the Japanese market penetration will be based by additional procedure reimbursement and so near-term it’s a great thing to get in the hands of Japanese customer. We need to continue to work on reimbursements beyond Prostatectomy and we will continue to do so. Rick A. Wise – Stifel, Nicolaus & Co., Inc.: Thank you so much.

Thank you. That was our last question. As we’ve said previously, while we focus on financial metrics, such as revenues and profits and cash flow during these conference calls, our organizational focus remains on increasing patient value and by improving surgical outcomes and reducing surgical trauma. I hope the following experience from Warne in California gives you some sense what this means in the lives of our patients. “Last year I made a donation to the Sutter Maternity & Surgery Center. I had no idea that some day I might benefit by the use of this system. Having ontological engineering background, I am interested in innovations that benefit people. I consider this system to be a must have tool for our surgical centers. A few months ago after successive urine samples show traces of blood, my nurse practitioner asked me to see a urologist. Dr. Joe Franks discovered a small cancer in my bladder which I removed on May 8, 2012. A follow up CT scan on May 25, showed a tumor in my left kidney, because I am 88, I was considered borderline for surgery and if the mass appeared to be stable, I might be lucky enough to outlive the tumor. This was not to be, by late July, I was passing visible blood in my urine. On August 1, Dr. Franks agreed we should go ahead with surgery if my internist gave the okay. On Friday, August 30, internist pronounced me to be fit and I was on the list for surgery. On Saturday, Dr. Franks called me to say there was a surgery cancellation for that Monday morning, August 6. Patients like Warne are the strongest applicants for da Vinci surgery and form the very foundation of our operating performance. We have built our company to take surgery beyond the limits of the human hand and I assure you that we remain committed to driving about a few things that truly make the difference. This concludes today’s call. We thank you for your participation and support on this extraordinary journey to improve surgery and we look forward to talking with you again in three months.

And ladies and gentlemen, that concludes your conference for today. Thank you for your participation and for using AT&T Executive Teleconference Service. You may now disconnect.