Coherent Completes Delinquent Filings, Submits Application for Re-Listing on the Nasdaq Global Market and Reschedules First Quar
06 Febrero 2008 - 1:52PM
PR Newswire (US)
SANTA CLARA, Calif., Feb. 6 /PRNewswire-FirstCall/ -- Coherent,
Inc. (Pink Sheets: COHR) today announced that it has filed its
annual report on Form 10-K for its fiscal year ending September 29,
2007. The Company expects to file its quarterly report on Form 10-Q
for the first fiscal quarter on February 12, 2008. Coherent also
announced that it has submitted its application for re-listing of
its common stock on the Nasdaq Global Market and expects to be
re-listed no later than the upcoming annual meeting of stockholders
on March 19, 2008. Coherent further announced that it is moving its
earnings call from tomorrow, February 7, 2008, to February 12, 2008
at 1:30 p.m. "Over the last five business days, we have submitted
our last delinquent filings consisting of three Form 10-Q's and the
2007 Form 10-K to the Securities and Exchange Commission. Our
attention is now firmly fixed on filing our first fiscal quarter
Form 10-Q on February 12, 2008. With this priority in mind, it is
much more efficient to work the earnings release and our Form 10-Q
filing in parallel rather than in sequence," said John Ambroseo,
Coherent's President and Chief Executive Officer. Founded in 1966,
Coherent, Inc. is a world leader in providing photonics based
solutions to the commercial and scientific research markets.
Forward Looking Statements This press release contains
forward-looking statements, as defined under the Federal securities
laws. These forward-looking statements include statements regarding
Coherent's expectation regarding the timing for filing its
Quarterly Report with the SEC and the timing of the relisting of
its common stock on the Nasdaq Global Market. These forward-looking
statements are not guarantees and are subject to risks,
uncertainties and assumptions that could cause the timing for
filing the Quarterly Report with the SEC and relisting on Nasdaq to
differ materially and adversely from the timing expressed in the
forward-looking statements in this press release. Factors that
could cause actual results to differ materially include risks and
uncertainties, including but not limited to risks associated with
the completion of the review and preparation of such filings and
the review and completion of our application by Nasdaq. Readers are
cautioned not to place undue reliance on these forward-looking
statements, which speak only as to Coherent's expectations as of
the date hereof. Coherent undertakes no obligation to update these
forward-looking statements as a result of events or circumstances
after the date hereof or to reflect the occurrence of unanticipated
events. DATASOURCE: Coherent, Inc. CONTACT: Leen Simonet of
Coherent, Inc., +1-408-764-4161 Web site: http://www.coherent.com/
Copyright