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Universal Display Corporation (OLED)

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  • Dec. 24, 2012, 10:02 AM
    Samsung (SSNLF.PK) is currently aiming to sell 510M mobile phones next year, up from a 2012 tally of ~420M. A whopping 390M of the 2013 sales are expected to involve smartphones, with the company predicting demand for 4G connections will boost sales. Gartner is forecasting global smartphone sales will rise another 33% next year; they rose 47% Y/Y in Q3, a quarter in which Samsung was estimated by Strategy Analytics to have sold 56.9M smartphones.
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  • Dec. 19, 2012, 2:24 PM
    Samsung (SSNLF.PK) will be "ready to ship" smartphone displays based on an "unbreakable" plastic substrate by the end of Q2, claims RBC's Doug Freedman after meeting with Asian supply chain contacts. Also, bendable displays are expected in 2H. These technologies aren't expected to go into the Galaxy S IV, generally seen launching in Q2, but could strengthen Samsung's position down the road, and also give a lift to flexible OLED developer Universal Display (PANL). (previous)
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  • Dec. 18, 2012, 10:57 AM
    A few Samsung (SSNLF.PK) suppliers are outperforming after Judge Koh denied injunction requests for every device Apple was seeking a ban on. PANL +4%. SIMG +2.7%. BRCM +3.1%. TQNT +2.3%. Of course, Cirrus Logic (CRUS +4.5%), which gets over 3/4 of its sales from Apple, is also having a nice day, adding to yesterday's rebound. Also: Samsung just unveiled the Galaxy Grand, an Android phone with a relatively low-res 5" OLED display.
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  • Dec. 7, 2012, 6:40 PM
    Universal Display (PANL +5%) rallied strongly for the second day in a row. Likely helping was a Digitimes report noting Taiwanese display manufacturers AU Optronics (AUO) and Innolux continue to invest in ramping OLED production, albeit while struggling with near-term yield and resource issues. For now, PANL remains very dependent on Samsung' OLED panel output. (yesterday)
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  • Dec. 6, 2012, 11:17 AM
    Beaten-down Universal Display (PANL +9.6%) is up sharply. A likely reason: a Reuters column discussing expectations Samsung's (SSNLF.PK) Galaxy S IV will feature an "unbreakable" plastic display. That suggests the use of PANL's flexible OLED tech. Shares were crushed in November thanks to a Q3 miss blamed on Samsung's decision to hold off on ramping the use of PANL's green materials in its OLED displays. 30.7% of the float was shorted as of Nov. 15. (also: I, II)
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  • Dec. 4, 2012, 6:57 PM
    Offering bigger displays than the iPhone has helped Android gain smartphone share ... can it help tablet OEMs trying to challenge the iPad's high-end dominance? While a Microsoft insider claims a 14.6" "Surface Book" is being considered, SamMobile passes on a rumor that Samsung (SSNLF.PK) is working on a 13.3" tablet with a built-in keyboard dock. Barring hardware advances, devices of such size will get uncomfortable to hold after a while. Separately, reports are floating around that the Galaxy S IV will feature a 5" 1080p OLED display and 13MP camera.
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  • Nov. 26, 2012, 9:29 AM
    Samsung's (SSNLF.PK) oversized Galaxy Note II appears to be at least as popular as its predecessor: channel sales of the 5.5" device have topped 5M less than 4 weeks after Samsung announced they had crossed 3M. The original Note produced 10M+ unit sales. Samsung's ability to hit high-end and low-end segments Apple has chosen not to target (either for margin or user experience reasons) is a big reason why its smartphone unit share is now in a league of its own.
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  • Nov. 19, 2012, 11:21 AM
    Samsung (SSNLF.PK) is suing LG Display (LPL) with the goal of having 7 of LG's OLED patents invalidated. The move comes two months after LG sued Samsung over the patents, and five months after Samsung employees were arrested for allegedly leaking circuit diagrams of Samsung's OLED panels to LG. If Samsung, which currently dominates OLED manufacturing, succeeds in slowing down LG's OLED ramp, it'll have repercussions for Universal Display (PANL).
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  • Nov. 14, 2012, 1:44 PM
    Samsung (SSNLF.PK) promises its flexible OLED displays, which can enable bendable gadgets, will enter production in 1H13. However, there's no still no date set for when the first products featuring flexible OLEDs will arrive. They can't come soon enough for OLED tech provider Universal Display (PANL), clobbered last week due to Samsung's decision to hold off on ramping the use of green host materials. Corning (GLW), whose Willow Glass supports flexible displays, could also benefit.
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  • 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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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