Coherent Improves Forbes 200 Ranking.LEESBURG, Va.--(BUSINESS WIRE)--Oct. 29, 1996--Following another year of impressively strong growth, Coherent (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : CCSC CCSC Consortium for Computing in Small Colleges CCSC Cheung Chuk Shan College (Hong Kong) CCSC Chicagoland Construction Safety Council CCSC Cemetery Consumer Service Council CCSC Commercial Computer Security Centre ) has again won a ranking in the Forbes list of America's 200 Best Small Companies, improving its position from 96th in 1995 to 58th in this year's list. Coherent has achieved a 26.2% five-year average return on equity, just two years after going public, attributing much of its success to a highly specialized focus in voice enhancement technology. Each year, Forbes applies a stringent set of criteria to eligible companies, identifying 5,700 public companies in 1996 that met the maximum sales level of $350 million. This list was narrowed down to 250 companies, which were then evaluated based on return on equity, sales growth, earnings growth and debt-to-equity ratios, all across a five-year period. Other major listings achieved by Coherent this year include the Individual Investor's 50 Great Stocks/New Technologies, Buyside's recommended stock, Business Week 100 FastestGrowing Small Companies and the Sixth Annual Upside 200. Coherent Communications Systems Corporation is a worldwide leader in state of the art voice enhancement technology, spanning echo cancellation The elimination of an echo in a two-way voice transmission. Echo is created in the telephone company's central office switch when two-wire lines from the customer are converted to four-wire lines for backbone trunks. platforms and associated network software. The Company's products are used globally by major commercial telecommunications companies and network operators, including AT&T Wireless, Cellular One, British Telecom The telephone and communications carrier that provides services in Great Britain and Northern Ireland. It used to be a division of the British Post Office, but was privatized in 1984 under Margaret Thatcher's administration. , Nokia, NORTEL, Mercury, Cable & Wireless, Telmex, StrataCom, Deutsche Telekom Deutsche Telekom AG (ISIN: DE0005557508, FWB: DTE, NYSE: DT, LSE: DEU, TYO: 9496 ) (abbreviated DTAG) is a telecommunications company headquartered in Bonn, Germany. It is the largest telecommunications company in Germany and in the EU. and France Telecom among the extensive list. Coherent is a fully accredited accredited recognition by an appropriate authority that the performance of a particular institution has satisfied a prestated set of criteria. accredited herds cattle herds which have achieved a low level of reactors to, e.g. ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. 9001 company, dedicated to maintaining the highest quality standards at every level. Also available via Coherent's Web Page: http://www.coherent.com This news release contains forward looking statements, including statements of the Company's sales and marketing expectations, that involve risks and uncertainties associated with intense competition, variations in market growth, lack of customer acceptance, timely availability of raw and produced materials, and competitive pricing of products as well as other risks detailed in the Company's SEC reports. CONTACT: Coherent Diane McClelland, 703/724-7311 E-mail: dmcclelland@coherent.com or Garrett Axford Georgina Garrett, +44 (0) 1273441200 |
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