Seeking Alpha

Universal Display dives following SA column on patent dispute

  • SA contributor and short-seller Manuel Asensio declares a recent filing made to the European Patent Office by IP law firm Lowe Hauptman & Ham suggests "the most important claims" of a key Universal Display (OLED -9.1%) patent (EP-238) related to its PHOLED tech (used in mobile/TV displays) should be "entirely revoked." A hearing is set for November.
  • Asensio, who has been bearish on Universal for a while, notes Merck, Sumitomo, and BASF are each calling on the EPO to fully revoke EP-238. He argues the patent "contains UDC's only economically material patent claims," and thinks its revocation "would materially impair UDC's ability to generate future licensing revenue, even from Samsung."
Comments (1)
  • Esekla
    , contributor
    Comments (2292) | Send Message
     
    You do have to consider the source on these things: http://bit.ly/18T8BXS

     

    We've seen this before, back in 2011 when his streetsweeper postings help take the stock from a high 60 down below 30. Then earnings came out and it jumped right back up to 60. The next earnings report from UDC will be at the beginning of November, and will include production for the new Galaxy Notes.

     

    To be sure, having Samsung, as their main source of income is a concern for UDC, as discussed here: http://seekingalpha.co...

     

    That said, the increase in yields and associated price reduction for OLED TVs is a far more important development which has the potential to take us from my median pricing model for OLED to the Optimistic scenario: http://seekingalpha.co...
    12 Sep 2013, 11:26 AM Reply Like
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