Universal Display (PANL -18.2%) is off yesterday's AH lows, but is still down sharply due to its...
Thursday, November 8, 2012, 11:30 AM ETUniversal Display (PANL -18.2%) is off yesterday's AH lows, but is still down sharply due to its Q3 miss, largely the result of Samsung's decision to delay ramping its use of green and host emitter OLED materials. Wedbush has downgraded shares to Neutral, and is troubled by earnings call remarks that Samsung can roll over its minimum purchases from one year to the next. Management wouldn't provide a timetable as to when green/host emitter sales will ramp, but did note DisplaySearch expects OLED industry sales to grow 46% next year to $9.5B.
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