Seeking Alpha

UniPixel COO joins CEO in departing, shares -5% AH

Less than 24 hours after announcing CEO Reed Killion has resigned, UniPixel (UNXL) discloses COO Peter Shin has also left. The company has begun a search for a replacement. (8-K)

Shares are now down 19% since news of Killion's resignation first broke.

Oppenheimer has provided a cautiously optimistic take on Killion's departure, stating the hiring of an "operational oriented manager" would boost the firm's confidence in UniPixel. At the same time, Oppenheimer sees additional room for downside (up to a book value of ~$5/share) until more clarity is provided on future leadership.

UniPixel's struggles could make life easier for metal mesh touch sensor rival Atmel (ATML), which is working to ramp production of its XSense touch sensors.

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Comments (6)
  • alpha ray
    , contributor
    Comments (23) | Send Message
    Wheels are coming off
    31 Dec 2013, 06:12 PM Reply Like
  • shoes88
    , contributor
    Comment (1) | Send Message
    wait till next month shares will take off in twenties
    31 Dec 2013, 06:15 PM Reply Like
  • Mattster
    , contributor
    Comments (164) | Send Message
    Their resignations were printed on Kodak paper so no worries
    31 Dec 2013, 07:00 PM Reply Like
  • alpha ray
    , contributor
    Comments (23) | Send Message
    Probably Kodak paper and a Dell printer
    31 Dec 2013, 09:08 PM Reply Like
  • alpha ray
    , contributor
    Comments (23) | Send Message
    You should definitely hold your shares then that would be a nice return. I don't think UNXL will ever see $20 again, but just one man's opinion.
    31 Dec 2013, 09:10 PM Reply Like
  • RyanJoe555
    , contributor
    Comments (70) | Send Message
    Fear not. Diamond Guard will finally take of after 10 years. #fail
    1 Jan 2014, 04:39 PM Reply Like
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