lt cap,

Your points are well taken - who has already established a profitable business using robotcs? Northtrop-Gruman, I'd guess. I do wish I knew more. On companies that *may* become profitable, I wouldn't dismiss the idea quite yet - the 'new' cybersecurity firms have huge multiples in the expectation that that sector can do nothing but grow. My analogy to biotech includes the idea that some of those companies' fortunes were decided on a very rapid basis - fail a clinical trial, and you get beaten bloody - pass it, or get it approved by the FDA for some 'miracle drug' (or get taken out by a larger established co.) and you double overnight. I know robotics will not be like that, but there must literally be some things - physical or computer related - that are 'killer apps'. Imagine if Germany had had gun emplacements that could fire with pinpoint accuracy 200 rounds/sec. D-day would've beena slaughter. Any country that doesn't chase that prize is at a severe disadvantage. 

ATVI appears to have just gone 'on sale' - down 3.5% to $34.70. Options, anyone?