Coherent (COHR) : Anyone else holding? Message Board

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Biotech / Medical : Coherent (COHR) : Anyone else holding?

COHR 178.06

+2.8%

Jan 9 9:30 AM EST

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To: raydit who wrote (263)	10/16/1997 1:57:00 PM
From: Moray	of 788

Seems like this guy has a few very upset clients. Moray --------- Tower Hill Holdings Requests Coherent Management to Maximize Shareholder Value or Proceed with Sale of Company NEW YORK -- The following is a letter from Sean M. Daly, President of Tower Hill Holdings Inc. to Bernard Couillaud, CEO of Coherent: October 16, 1997 Bernard J. Couillaud, PhD Coherent, Inc. 5100 Patrick Henry Drive Santa Clara, CA 95054 Dear Dr. Couillaud: As a shareholder of Coherent Inc., I am very concerned with yesterday's earnings release. I am further concerned with your inability to clearly convey your operating strategy to shareholders and analysts. I would urge you to take swift action to maximize shareholder value or proceed with an outright sale of the company to a management that can be more responsive to shareholders. I look forward to your response. Sincerely, Sean M. Daly President /CONTACT: Sean M. Daly, President of Tower Hill Holdings, 212-245-2878/ "Copyright(c) 1997, PR Newswire" "Provided by Dow Jones & Company, Inc."

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