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Biotech / Medical : Coherent (COHR) : Anyone else holding?
COHR 154.52-3.0%Nov 7 9:30 AM EST
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To: Crossy who wrote (400)1/14/1998 1:48:00 PM
From: Doug  Read Replies (1) of 788
 
Unlike BAY,COHR has by tradition never been a Wall street favourite.
It is hard to rationalize P/E's, growth rates etc. Either you are a
momemtum player or else you plod along hoping valuation will ultimately be recognized. I do agree that the next millineum will require nano technology but there is also a risk that the entire method of wafer production viz screens, etches, masks could be replaced.

Nevertheless, a window of oppurtunity exists for a few more years. I hope COHR finds a niche. Regards.
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