Coherent began in 1966 in the home of one of its founders, where the company’s first laser was built in a laundry room using a piece of rain gutter. It’s come quite a long way since then. The photonics manufacturer is now headquartered in Silicon Valley and sells laser-based technologies, including tools to make OLEDs for smartphone displays, globally. Coherent posted revenues of $482.3 million in its third quarter ended in July, up $18.2 million year over year. CEO John Ambroseo believes two of the company’s largest opportunities are in fiber lasers and components, which Coherent forecasts will grow by more than 20% in fiscal 2019.
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