$ISRG said it expects fewer lease buyouts, and lower upgrade and other systems revenue in 3Q16 and 4Q16 than seen in 2Q16. 2H16 system ASPs will likely be lower than 2Q16, driven by product and channel mix. $ISRG expects a directionally higher proportion of its system placements in 3Q16 and 4Q16 to come from operating leases than seen in 2Q16.
$GTY issued $50MM of senior unsecured notes maturing in 2025 bearing interest at a fixed rate of 4.75%. Proceeds from the transaction were used to repay outstanding debt on the company's floating rate revolving credit facility.
$LMNX BoD has authorized the initiation of a quarterly cash dividend of $0.06 to holders of its common stock, the first in the company's history. This initial cash dividend will be payable on April 14, 2017 to shareholders of record as on March 24, 2017.
M&T Bank, the principal banking subsidiary of $MTB, said President and COO Mark Czarnecki died on Feb. 26, 2017 after an extended illness. He was a member of the BoDs of $MTB and M&T Bank, and sat on $MTB's Management Committee.
$KEYS and Samsung Electronics entered into a technology collaboration to enable design and deployment of 5G devices to support early operator trials. The initial focus of the partnership is on 5GTF specifications. Future collaboration will include work being done in 3GPP NR.