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Biotech / Medical : Coherent (COHR) : Anyone else holding?
COHR 163.48+5.8%10:36 AM EST

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To: Thomas J Pittman who wrote (355)12/12/1997 12:35:00 PM
From: Toby  Read Replies (1) of 788
 
R&D is hurting earnings because the company got beat to market in excimer lasers and green diode pumped solid state lasers and has to play catch-up. This is not quite so rosy a view as the 'company is investing heavily in its future'. It's the job of mgmt. to manage their costs to avoid these ugly quarters, and also to anticipate the market so they don't have to play catch-up. If all goes well, and COHR catches up, it will be a good buy at this point, but I think it is fair to criticize mgmt. for their performance in these two markets.
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