Microcap Potential Homeruns--Credible, and Reporting Message Board

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Microcap & Penny Stocks : Microcap Potential Homeruns--Credible, and Reporting

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To: Ted M who wrote (491)	2/23/2010 3:29:43 PM
From: Ted M	Read Replies (1) of 1056

Logical comments from a poster on yahoo regarding VKNG: "Interesting comments (full paragraph and link below) regarding the prototype delivered in Q4 to a "robotic surgical company" (almost certainly ISRG) in the recently filed VKNG 10k. I have pointed out in the past a number of facts, and some opinions that people on this board have taken to be bashing. One fact was that the revenue from this design and development contract was nearly at an end and in fact ended with the delivery of the prototype. This is confirmed in the text below. I had also pointed out that the statements from VKNG management last qtr had been very vague with regards to their chances of getting a follow on contract to actually manufacture the resulting product. I suggested that VKNG's chances were not very good because ISRG did not appear to be using VKNG to manufacture their current generation 3DHD daVinci vision system. Good news for VKNG longs. The new comments while hardly a guarantee are much more hopeful. "It is the parties’ (ISRG)stated intentions that this development agreement will lead to a multi-year supply agreement whereby we manufacture and supply products to the other party." In my mind these much more pointed comments significantly increase the likelihood that they will get some ongoing business out of this. Now the question is, if they get that contract how big will it be and when will it start? It is my belief that this is related to the integration of florescent imaging that ISRG has announced they plan to integrate into their current 3DHD Vision System. This is a technology which they have licensed from a company called Novadaq and which is expected to be launched some time later this year. One big unknown is whether ISRG will offer this as an option or whether they will make it a standard part of their daVinci surgical system. The first scenario would result in lower volumes and slower adoption where as the second scenario would result in several hundred units per year very quickly. In either case the contract is likely to be awarded fairly soon if the product is due to launch later this year. It is unclear how much detail we would get when and if siuch an announcement is made. - - - - - Here's the relevant paragraph from the recent VKNG 10k In the fourth quarter of 2009 we also completed development work of a 3DHD visualization system for a robotic surgical company under a development contract that provided us approximately $800,000 of total revenue beginning in late 2007 and ending in 2009. It is the parties’ stated intentions that this development agreement will lead to a multi-year supply agreement whereby we manufacture and supply products to the other party. No assurance can be made that we will enter into a supply agreement as a result of this engineering contract. Here's a link to the full filing sec.gov "

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