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Biotech / Medical : Coherent (COHR) : Anyone else holding?
COHR 131.91-0.6%3:59 PM EDT

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To: Pete Young who wrote (744)7/28/2000 5:28:43 PM
From: Rob-Chemist  Read Replies (1) of 788
 
I thought that this most recent earnings release was extremely positive, especially the extraordinarily high level of orders. The one issue that was a bit confusing was the orders for lithography lasers. They stated that year to date they had received $40MM in orders, more than in all of fiscal 1999. In the year to date phrase, were they referring to fiscal year to date (probably) or calendar year to date? In the former case, the orders this last quarter were not so impressive (approx. $12MM), while the latter case would be very impressive (approx. $25MM).
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