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Robots - Tuesday, January 23, 2007

Jack The Cyberknife: Robotic Surgery Company Accuray

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With its IPO delayed last November, Accuray is back to Wall Street with set terms for the company's pending IPO at 13.33M shares from $14 - $16 a share. Last November, Accuray filed an IPO to sell up to $230 million in common stock but didn't detail the terms of the offering. Accuray plans to offer about 7.33M shares in the IPO, while 6M shares will be sold by shareholders.

For the fiscal first quarter ended Sept. 30, Accuray earned about $2M, swinging from a loss of $10.2M in the same period a year earlier.

The Sunnyvale, Calif.-based company makes CyberKnife, a radiation system designed to treat solid tumors anywhere in the body as an alternative to traditional surgery.

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