Universal Display (PANL -4.6%) is giving back a large chunk of the Friday gains it saw thanks to...

|About: Universal Display Corporation (OLED)|By:, SA News Editor

Universal Display (PANL -4.6%) is giving back a large chunk of the Friday gains it saw thanks to favorable remarks at the CSIMA value investing conference. Aside from the general selloff in high-beta tech names, shares could be hurt by a Nikkei report highlighting interest from Apple and other tech companies in a new LCD optical film said to deliver better image quality than OLEDs. Synthetic fiber manufacturer Toyobo will begin making the film in April at a rate of 10K tons/year.