Flat Panel Market Buoys Coherent
SANTA CLARA, Calif., July 31, 2012 — Strong sales in the microelectronics market, particularly those of excimer laser annealing systems for flat panel displays, contributed almost half of Coherent’s third-quarter revenue of $196.4 million, the laser maker reported last week. Profit for the quarter, which ended June 30, was $17.2 million, or 72 cents a share, down slightly from the record-setting $19 million, or 74 cents a share, for the same quarter a year ago. Bookings received during the quarter were $218.9...