Coherent says SEC has ended stock-option review - money.cnn.com - July 10, 2008

NEW YORK (Associated Press) - Coherent Inc. said Thursday that the
Securities and Exchange Commission has ended its investigation into the
company's past stock option granting practices.

Coherent, which
makes lasers for commercial and scientific uses, said the SEC informed
it that it will not recommend any enforcement action.

The company
originally announced the SEC investigation in December 2006, one month
after the Coherent launched its own internal review of its accounting
for stock options.

Coherent shares rose 11 cents to $31.39 in
aftermarket trading, after rising 66 cents, or 2.2 percent, to $31.28
in the regular session.