Any stock-based compensation charges incurred as a result of the restatement will have the effect of decreasing reported income or increasing reported loss from operations, and decreasing reported net income or increasing reported net loss, and decreasing reported retained earnings figures contained in Coherent's historical financial statements for the periods mentioned above.
The Audit Committee has discussed the above matters with the Company's independent registered public accounting firm.
This press release contains forward-looking statements, as defined
under the Federal securities laws. These forward-looking statements include
the statements in this press release that relate to the amount and effect
of any stock-based compensation charges. These forward-looking statements
are not guarantees of future results and are subject to risks,
uncertainties and assumptions that could cause our actual results to differ
materially and adversely from those expressed in any forward-looking
statement. Factors that could cause actual results to differ materially
include risks and uncertainties, including but not limited to risks
associated with the determination and analysis of appropriate accounting
and tax treatment of new measurement dates and the resulting expense
calculations and other risks identified in the Company's SEC filings.
Actual results, events and performance may differ materially. Readers are
cautioned not to place undue reliance on these forward-looking statements,
which speak only as of the date hereof. The Company 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. As noted above, the restatement may have an impact on
the amount and timing of previously awarded stock-based compensation and
other additional expenses to be recorded; accounting adjustments to the
|SOURCE Coherent, Inc.|
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