Wedbush defends Universal Display, says Novaled not a threat

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

The firm asserts Novaled provides materials for "the electron and hole injecting and transport layers" of an OLED display. Whereas Universal Display (OLED -6.9%) provides host/emitter materials.

Universal shares are bouncing from the day's lows, but are still off sharply.

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Update: Oppenheimer is also defending Universal. Its arguments mirror Wedbush's.