“Thanks to a quasi-upgrade from the folks over at JMP Securities, Universal Display (OLED) shareholders were jumping for joy Monday as their stock popped nearly 7%,” Steve Symington writes for The Motley Fool. “As fellow Fool Anders Bylund astutely pointed out, the firm didn’t really provide any particularly new information, but instead reiterated its outperform rating and $50-per-share price target on the stock following a predisclosed meeting with Universal Display management.”
“In short, Universal Display’s management left JMP with the continued impression the company will not only meet or exceed its fourth-quarter guidance, but also stands to benefit from three key growth drivers in 2014, including the extension of Samsung’s OLED tech into new smartphones, LG Display’s entry into the OLED market, and the launch of an OLED-based smart watch from none other than Apple,” Symington writes. “You can bet the Apple news is what has investors so riled up. Why? Because while Universal Display already counts both LG Display and Samsung among its paying customers, a win with Apple simply hasn’t been made official yet.”
“In fact, up until this point, inquisitive investors have relied primarily on supply chain speculation and anonymous sources describing an impending deal for LG Display to produce small, flexible OLED screens for the Cupertino-based tech giant — presumably for an iWatch device to be launched in late 2014,” Symington writes. “Of course, there was also that interesting comment from Universal Display CEO Steve Abramson back in May, when he curiously felt the need to point out Apple had recently filed a patent for a new flexible AMOLED wrist-worn display. What’s more, another more recent patent application shows Apple has been hard at work correcting the color issues for which Apple CEO Tim Cook criticized OLED earlier this year.”
Read more in the full article here.
Yep..And I just confirmed by the lint in my navel that Santa is real!
And just like the lint from your navel, Santa is all warm and fuzzy!
Wait a minute… Ewww!
Bad Now, Now… Bad!
And by the fact that Apple Annie seems to be happier than usual … Apple is definitely introducing a 55 inch television in April.
Not a big enough display.
Hannah’s law of headlines is an adage that states: “Any headline with the phrase ‘may have just confirmed’ may safely be dismissed as claptrap.”