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Canaccord downgrades OLED; checks point to client R&D programs

  • Canaccord's Jonathan Dorsheimer has downgraded Universal Display (OLED) to Sell and lowered his PT to $19 from $30. Most importantly, he says checks indicate Samsung Display and LG Display (LPL) have in-house R&D programs to create their own phosphorescent OLED materials. He thinks production could begin after Universal patents expire in 2017.
  • Dorsheimer is also concerned about OLED TV push-outs.
  • Samsung recently bought OLED materials provider Novaled. Universal shares dove when the deal was first reported, but recouped some of their losses after analysts argued Novaled's materials are complementary.
  • OLED -7.6% premarket.
Comments (5)
  • Esekla
    , contributor
    Comments (2295) | Send Message
     
    I commented on this earlier, together with other breaking news: http://bit.ly/1dTXCAW

     

    Furthermore, as noted there, Novaled's host materials are definitely complimentary to UDC's emitters.
    1 Oct 2013, 09:26 AM Reply Like
  • Ron Mertens
    , contributor
    Comments (28) | Send Message
     
    Check out this quote from UDC from a few weeks ago regarding patent expiration:
    -----
    The basic phosphorescent patent which was the invention I talked about are of converting this triplet energy into usable light is 2017 in U.S., 2018 around the rest of the world. In addition to that, the only way that you can do this by using in an iridium complex material in that and then we have what we call L2 compounds. Those patents are 2019-2020. So the architecture patents, the earlier ones are run through 2020-2021.

     

    http://seekingalpha.co...

     

    ----------------
    1 Oct 2013, 09:58 AM Reply Like
  • rvga128
    , contributor
    Comments (19) | Send Message
     
    Apple Smartwatch to Have Flexible Screen

     

    Apple has apparently decided to equip its smartwatch with a flexible display, industry sources said.

     

    They said the rumored "iWatch" will be equipped with a plastic OLED monitor that can be bent.

     

    Last month Samsung unveiled the Galaxy Gear smartwatch, which has a normal rigid display and at 73 g is slightly on the heavy side.

     

    It remains to be seen whether Apple can repeat its habitual trick of improving innovations so much that it acquires a kind of monopoly on the popular imagination.

     

    Apple is said to be developing three different models of the iWatch -- a 1.3-inch, 1.4-inch and 1.5-inch prototype. "A prototype of the 1.5-inch has already been made," the source said.
    2 Oct 2013, 12:28 AM Reply Like
  • AJ Berk
    , contributor
    Comments (2) | Send Message
     
    Just use it as an opportunity to buy like I did. Up and dwon for me today as I am long CREE and OLED.
    2 Oct 2013, 12:35 AM Reply Like
  • sojistern
    , contributor
    Comments (12) | Send Message
     
    Same arguments were raised by the Liam as in this SA article from February 2012.

     

    Please read the commentaries, especially Sidney's.

     

    http://seekingalpha.co....

     

    Last week it was Ascenso writing about the EPO. Why would BASF etc be wasting time with the European Patents Office if OLED's patents are so close to expiry.
    2 Oct 2013, 09:44 AM Reply Like
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