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Universal Display Corporation (OLED)

- NASDAQ
  • Nov. 8, 2012, 12:45 PM
    Midday top 10 gainers: DUSA +38%. PRMW +23%. ARX +22%. RST +22%. ES +19%. FALC +18%. UPIP +18%. SAPE +17%. PRSC +17%. MWW +17%. Midday top 10 Losers: CPRX -62%. BCRX -39%. COBR -24%. PRSS -21%. CALI -21%. UPG -20%. SVNT -19%. TRU -19%. MITK -19%. PANL -18%.
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  • Nov. 8, 2012, 11:30 AM
    Universal 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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  • Nov. 8, 2012, 9:10 AM
    Premarket gainers: DUSA +38%. MTSL +28%. USAT +15%. WLL +11%. ITMN +11%. SD +9%. QCOM +9%. THQI +8%. EZCH +7%. ALU +6%. MWW +7%. TTM +6%. DF +5%.
    Losers: CPRX -56%. BCRX -34%. PANL -25%. SVNT -19%. SGEN -11%. MNST -10%. CNQR -9%. TNK -9%. NBG -8%. PSTI -8%. MAKO -7%. WINI -6%. AUI -5%.
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  • Nov. 7, 2012, 4:59 PM
    Universal Display (PANL) has resumed trading, and is down 29.1% AH after reporting a big Q3 miss it blamed on industry demand - in particular, the failure of Samsung to ramp green OLED material production, as PANL was expecting. The company's earnings call starts at 5PM ET (webcast).
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  • Nov. 7, 2012, 4:40 PM
    Universal Display (PANL): Q3 EPS of -$0.12 misses by $0.17. Revenue of $12.5M (-43% Y/Y) misses by $6.4M. Expects 2012 revenue of $80M-$92M, below a consensus of $99.8M. Company blames "a temporary slowdown in industry growth." Shares halted. (PR)
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  • Nov. 7, 2012, 2:35 PM
    Universal Display (PANL -8.6%) is among the day's big tech losers ahead of this afternoon's Q3 report. Samsung's strong Q3 smartphone sales bode well for PANL, which has been dogged by worries Samsung and others will strike deals with additional OLED materials suppliers. DisplaySearch recent issued a cautious outlook for near-term OLED TV adoption, but those concerns appear priced in.
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  • Nov. 7, 2012, 12:10 AM
    Notable earnings after Wednesday’s close: ARAY, ATO, ATVI, AWK, BONE, CBS, CLR, CODI, CPE, CPNO, CTL, CXO, ETE, ETP, EXEL, FTK, GMXR, GSS, HIMX, HNSN, ITMN, KGC, MAKO, MBI, MDLZ, MNST, MWE, NQ, OAS, ONTY, OSUR, PAAS, PANL, PRI, PRU, QCOM, SGEN, SLXP, SNTS, SRZ, SSRI, SXL, TCAP, TIE, TS, WFM
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  • Nov. 6, 2012, 5:35 PM
    Notable earnings after Wednesday’s close: ARAY, ATO, ATVI, AWK, BONE, CBS, CLR, CODI, CPE, CPNO, CTL, CXO, ETE, ETP, EXEL, FTK, GMXR, GSS, HIMX, HNSN, ITMN, KGC, MAKO, MBI, MDLZ, MNST, MWE, NQ, OAS, ONTY, OSUR, PAAS, PANL, PRI, PRU, QCOM, SGEN, SLXP, SNTS, SRZ, SSRI, SXL, TCAP, TIE, TS, WFM
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  • Nov. 2, 2012, 5:55 PM
    Samsung (SSNLF.PK) has sold over 3M units of its Galaxy Note II phone, 5.5" display and all, since commencing sales outside of South Korea 37 days ago. Samsung has predicted Note II sales will eventually double the 10M+ notched by the original Note, whose success dumbfounded many an observer. OLED materials provider Universal Display (PANL) benefits from Note II sales.
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  • Oct. 26, 2012, 6:48 PM
    AU Optronics (AUO) says it won't start mass-producing 4.3" AMOLED panels (aimed at smartphones) until somewhere in 2013 due to yield issues. The sooner AU can begin, the sooner Universal Display (PANL) can reduce its dependence on Samsung. Also: AU says it's continuing R&D work on OLED TV panels, but still needs to make "improvements" before large-scale production can begin. Samsung and LG are also having trouble on the OLED TV front. PANL's Q3 report arrives on Nov. 7.
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  • Oct. 26, 2012, 2:52 PM
    BriefMobile leaks images and specs for Google (GOOG) and Samsung's (SSNLF.PK) high-end Nexus 10 tablet, set to be announced at a Monday event. The device features a dual-core Samsung Exynos processor (the Nexus 7 uses an NVDA chip) and 10.1" AMOLED display (a positive for PANL, particularly since OLEDs have seen limited tablet use) sporting a 2500x1600 resolution. Thus far, no one has produced a successful high-end rival to the iPad and its arsenal of 275K tablet-specific apps. Update: BriefMobile is now backtracking on the AMOLED display claim.
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  • Oct. 17, 2012, 9:19 AM
    Universal Display (PANL) +2.2% after JMP starts coverage with an Outperform and $50 target. The OLED technology/materials provider, which depends heavily on Samsung's smartphone sales, sold off sharply during the second half of September.
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  • Oct. 2, 2012, 12:49 PM
    Sharp has begun manufacturing 5" LCD panels featuring 1080p resolutions. The panels, which feature a whopping 443 pixels per inch (above the 326 claimed by the iPhone 5's retina display), should find their way into Android phones early next year. They represent fresh competition for OLED tech supplier PANL, but could be a positive for app processor vendors QCOM and NVDA, given more horsepower will be needed to support video playback and 3D gaming at such a high resolution.
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  • Sep. 24, 2012, 1:59 PM
    More on Universal Display (PANL -9%): While Goldman is praising the company today, Canaccord is reiterating a Hold and providing a list of concerns. Among them: 1) The firm thinks PANL's 2012 sales of green OLED materials to Samsung will be $5M-$10M less than the Street expects. 2) It thinks OLED TVs will remain a high-end niche in 2013, and face a "difficult path to cost parity" with LCDs. 3) Checks indicate Samsung is interested in using local suppliers for green material manufacturing.
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  • Sep. 24, 2012, 12:42 PM
    Universal Display (PANL -6.4%) is off sharply. Apple's decision to seek U.S. bans on 29 devices from top customer Samsung could be having an impact, given many of those devices use PANL's OLED technology and materials. Goldman reiterated a Buy and $61 target this morning. (previous)
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  • Sep. 17, 2012, 5:37 PM
    Samsung (SSNLF.PK) expects to announce the Galaxy S IV in February and begin selling it soon afterwards, a company exec tells the Korea Times. That would translate into just a 9-month lag from the time the very popular Galaxy S III arrived - Apple, on the other hand, seems intent on maintaining its once-a-year timetable for new models. The S IV will reportedly feature a ~5" display and (like the international S III) use a Samsung Exynos app processor. Major Samsung suppliers include PANL, MXIM, BRCM, and SWKS.
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Company Description
Universal Display Corp is engaged in the research, development & commercialization of organic light emitting diode or OLED, technologies & materialsfor use in displays for wearables, smartphones, tablets & televisions & solid-state lighting applications.
Sector: Technology
Country: United States