Inquiry To Kodak Reveals Bullish Outlook On Uni-Pixel
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Monday, Apr 149:31 AM
Monday, Apr 149:31 AM| 6 Comments
- UniPixel (UNXL +1%) has hired Jeff Hawthorne, once the CEO of LCD test/repair equipment vendor Photon Dynamics (acquired by Orbotech in 2008), to be its CEO.
- Hawthorne has also worked as the head of Veeco's MOCVD (LED manufacturing) equipment ops. His hiring follows Reed Killion's December resignation.
- Chairman Bernard Marren and director Carl Yankowski have been serving as co-CEOs since Killion's resignation. They'll maintain their current roles on the board.
Thursday, Apr 32:01 PM
Thursday, Apr 32:01 PM| 8 Comments
- U.K.-based CIT has agreed to withdraw U.K. claims stating UniPixel (UNXL -0.5%) used CIT's confidential info for unauthorized purposes, and has agreed to "release any current and future claims to Uni-Pixel's past and current technology, patents, and other property based on the subject matter of the suits."
- UniPixel, in turn, has agreed to withdraw U.S. claims stating CIT breached an agreement between the companies by filing suit in the U.K., and has "agreed to grant CIT certain limited rights to use technology that would be protected by the patents arising from the disputed patent filings."
- No money is changing hands. Concerns had previously been voiced about the potential impact of UniPixel's legal battle with CIT.
Wednesday, Feb 266:12 PM
Wednesday, Feb 266:12 PM| 8 Comments
- UniPixel (UNXL) states in its Q4 report it's now planning to achieve commercial touch sensor volumes in 2H14, after finalizing its manufacturing process in 1H.
- The company also says it received three touch sensor purchase orders in Q4, one from its PC OEM partner (believed to be Dell), and "shipped one of these orders in December from low-volume, lab-based production."
- UniPixel revised its license deal with its PC OEM partner. The company now has the right to sell its touch sensors "for use in competing notebook applications," but won't receive milestone payments.
- "A number of potential candidates" have been interviewed during UniPixel's CEO search.
- Cash/equivalents totaled $39.4M at the end of Q4. R&D spend nearly doubled Y/Y to $3.1M, and SG&A spend more than doubled to $3.1M.
- Q4 results, PR
Wednesday, Feb 264:17 PM
Wednesday, Feb 2612:10 AM|Wednesday, Feb 2612:10 AM| Comment!
Tuesday, Feb 255:35 PM|Tuesday, Feb 255:35 PM| 4 Comments
Friday, Jan 173:28 PM
Tuesday, Jan 79:16 AM
Monday, Jan 65:40 PM
Monday, Jan 65:40 PM| 65 Comments
- UniPixel (UNXL) has delayed the "manufacturing ramp" for its InTouch metal mesh sensors to Q2 2014. The company once promised InTouch production would start in Q4.
- UniPixel says it provided "hundreds of [InTouch] samples and demonstration units to key potential customers" in 2013, but didn't fulfill any "commercial production orders." The company declares the planned arrival of testing/measurement equipment in January will accelerate its manufacturing efforts.
- The announcement comes a week after UniPixel announced the resignation of CEO Reed Killion and COO Peter Shin.
Thursday, Jan 29:42 AM
Thursday, Jan 29:42 AM| 1 Comment
- Sprint (S -3%) has been cut to Market Perform by Cowen, and to Neutral by Macquarie, following a major run-up fueled in part by T-Mobile M&A hopes.
- T-Mobile (TMUS -1.5%), meanwhile, has been pulled from Goldman's Conviction Buy list. Its shares have taken off in response to reports Sprint and Dish are mulling bids.
- Xilinx (XLNX +1.1%) has been upgraded to Buy by Goldman, and rival Altera (ALTR -1.8%) has cut to Neutral.
- UniPixel (UNXL -4.4%) has been cut to Market Perform by Cowen following the departure of its CEO and COO.
- Intersil (ISIL -4.9%) has been cut to Underweight by Evercore.
- NXP (NXPI -4.3%) and ON Semi (ONNN -4.7%) have been cut to Neutral by Goldman, and fellow chipmaker Analog Devices (ADI -2.5%) has been cut to Sell. ADI has also been cut to Market Perform by Wells Fargo.
Thursday, Jan 29:12 AM
Tuesday, Dec 312013, 4:36 PM
Tuesday, Dec 312013, 4:36 PM| 6 Comments
- 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.
Tuesday, Dec 312013, 12:46 PM
Tuesday, Dec 312013, 9:36 AM
Tuesday, Dec 312013, 9:36 AM| 7 Comments
- Williams Financial, which once had a $60 PT on UniPixel (UNXL -18.5%), has dropped coverage following news CEO Reed Killion has resigned.
- Williams hosted a CC for Killion in October. However, during November's Q3 CC (transcript), Williams analyst Cody Acree pressed Killion a bit about initial order activity for UniPixel's InTouch sensors.
- Shares are making new 52-week lows, and are down 77% from their April high of $41.42.
Tuesday, Dec 312013, 9:14 AM
Monday, Dec 302013, 5:59 PM
Monday, Dec 302013, 5:59 PM| 12 Comments
- UniPixel (UNXL) CEO Reed Killion has resigned to "pursue other interests." Chairman Bernard Marren and director Carl Yankowski will serve as interim co-CEOs while the company searches for a permanent replacement. Killion has agreed to "assist with the transition." (PR)
- Killion: "The board and I believe a new CEO and president who has a strong history specific to manufacturing and operational excellence will greatly benefit the company."
- Killion's resignation comes as UniPixel contends with an SEC investigation, and faces heightened investor pressure to ramp production of its InTouch metal mesh sensors.