SANTA CLARA, Calif., Dec. 20 /PRNewswire-FirstCall/ -- Coherent, Inc.
(Nasdaq: COHR) today announced that, as anticipated, on December 19, 2006,
it received a Nasdaq Staff Determination letter indicating that the Company
is not currently in compliance with Nasdaq's listing requirements as set
forth in Marketplace Rule 4310(c)(14) due to the delayed filing of the
Company's Form 10-K for the fiscal year ended September 30, 2006. The
Company will initiate the appeal process by requesting a hearing before the
Nasdaq Listing Qualifications Panel in response to the letter. Pending a
decision by the panel, Coherent shares will remain listed on The Nasdaq
Stock Market.
Founded in 1966, Coherent, Inc. is a Standard & Poor's SmallCap 600
company and a world leader in providing photonics-based solutions to the
commercial and scientific research markets.
Please direct any questions to Peter Schuman, Director, Investor
Relations at 408-764-4174. For more information about Coherent, visit the
Company's Web site at http://www.coherent.com/ for product and financial
updates.
SOURCE Coherent, Inc.
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Related links:
http://www.coherent.com
CONTACT:
Peter Schuman, +1-408-764-4174
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