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

To: Thomas J Pittman who wrote (499)	4/9/1998 11:19:00 AM
From: JDN	Respond to of 788

Dear Thomas: I guess I am pretty much like you when it comes to investing. I have considered COHR a core holding. I dispute the earlier post saying odds where against rapid growth. Truth is COHR makes the finest lasers in the business and now that they have gotten more into Commercial lasers I believe that they will make significant inroads into CYMERS business in the future. In any event, I am watching it and may feel that an opportunity is presenting itself to pick up some more on the cheap. JDN

To: Thomas J Pittman who wrote (499)	4/9/1998 11:23:00 AM
From: appro	Respond to of 788

Selling panic of 100k shares down to 18 3/4 was absorbed in first 20 minutes this morning. Steady climb from 20 thereafter confirms my suspicion that COHR simply is not on the radar screen of the go-go world of momentum investors. COHR is definitely a long term hold with rewards for patient investors who can ignore the day to day price commotion. Edit after post: My browser caching from last night duped me into thinking Thomas #499 was thread's last post. No big deal but could be embarrassing under the right circumstances. "Bad Browser, Bad Browser!" : )

To: Thomas J Pittman who wrote (499)	4/9/1998 10:23:00 PM
From: Ted The Technician	Read Replies (1) \| Respond to of 788

Coherent Sees Lower than Expected 3Q FY 98 Results COHERENT INC. Sees Fiscal 1998 Third Quarter Results Below Expectations Apr. 8, 1998, Coherent Inc. (Nasdaq:COHR - news) announced that it expects net income for the second fiscal quarter ended March 28 to be slightly lower than the $0.32 level achieved in the preceding quarter. COHR estimates that net income will approximate $0.29 per share versus street estimates of $0.32 to $0.37 per share. Sales are expected to be about $106,000,000 with a gross profit percentage of 49%-50%. Orders for the quarter were approximately $109,000,000. COHR said sales and gross profit margins were lower than anticipated due to manufacturing problems associated with yield issues on key purchased components included in some of the company's higher margin products. Thursday April 9, 4:10 pm Eastern Time- From Yahoo