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Biotech / Medical : Coherent (COHR) : Anyone else holding? -- Ignore unavailable to you. Want to Upgrade?

To: Doug who wrote (311)	11/3/1997 5:57:00 PM
From: mr. picker	Read Replies (1) \| Respond to of 788

Isn't it ironic that after Oct 31( end of year for mutual fund managers bonuses) that the market climbs? Cohr is going to have to wait till those fund managers get enough of the blue chips and mid-caps before they take a glimpse here. It's a shame that 2.5M spent on R&D is enough to throw earnings off .25 cent because I'm sure investors are looking at the .25 off then the 2.5M reduction. But isn't R&D the easiest place to throw off other expenses? Will this 2.5M lead to new products or quicker product introductions? Who knows but if you trust management then this stock is definetely on sale. Give this stock plenty of time and it will climb. regards mr.P

To: Doug who wrote (311)	11/4/1997 5:00:00 AM
From: JDN	Read Replies (2) \| Respond to of 788

Dear Doug: Answer; Ignorance! I dont mean that in a nasty way. What I mean is that so far as the general market knows a short while ago COHR announced they will miss their numbers by a fairly substantial margin this quarter and not expecting anything rosy in numbers next quarter... We, who follow this stock closely know that they are about to announce some very significant new lasers most likely at the trade show in Japan in December. The general market is either unaware of that or feels for now its dead money and they will wait and see what develops. If you want to get in low now is the time. Once this stock moves I believe its initial move will be quite fast back to the mid 40 range or maybe a little above. If you own the stock, I would suggest you just file it away and open at Christmas. If you dont own it and wish to I would suggest that you better be in it before 12/3 or so when the trade show occurs unless you like to pay more for a stock. JDN