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Biotech / Medical : Coherent (COHR) : Anyone else holding?
COHR 157.96-5.2%3:59 PM EST

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To: mr. picker who wrote (232)10/7/1997 6:24:00 PM
From: Crossy   of 788
 
Mr.P,
the difference here is no turnaround necessary. Only dilligent R&D guidiance, which the management seems to be already showing. This is a value play that suddenly turned into a growth play again (end of August). I like this. COHR has the potential to really surprise in the next 12 months.

Between mid 92 and mid 96 COHR increased from $7 to $55. Then the company had to digest some acquisitions and its strategy shift orienting itself more towards semiconductors, cd & dvd tech, storage, industrial applications and telecom. This revolutionary period is over now and the growth can now commence.

I regard this as a true blue-chip techstock, pretty much in the INTC class. In fact in the laser industry COHR is generally regarded as the bellweather...

best wishes
CROSSY
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