OCLI Files for Public Offering of 1,550,000 Shares

SANTA ROSA, Calif., April 23 -- Optical Coating Laboratory,Inc. has filed a registration statement with the Securities and Exchange Commission proposing a public offering of 1,550,000 shares of common stock. The company will offer 1,300,000 shares directly, with the remaining 250,000 shares to be offered by selling stockholders. The offering will be managed by Hambrecht & Quist LLC, Nationsbanc Montgomery Securities LLC, and SoundView Technology Group, Inc. OCLI will use its net proceeds from the offering as working capital and for other general corporate purposes.