“Shares of Universal Display (OLED) gained 53.2% in November, according to data from S&P Capital IQ,” Anders Bylund reports for The Motley Fool. “First, the OLED technology researcher reported strong third-quarter results early in the month. At this point, Universal Display was already beating the market with authority, having collected a solid 18% gain.”
“Then, CFO Sydney Rosenblatt spoke at an industry conference, dropping hints that mighty Apple might soon start using OLED technology in its high-volume iPhone product line.,” Bylund reports. “”We do know that Apple has been working on OLEDs,” Rosenblatt said. “There are lots of reports that they’re going to be used for a next-generation iPhone. Realistically, based upon the number of phones that they sell, capacity won’t be in the marketplace until 2017 if they decide to do it. Universal Display shares spiked more than 10% higher the next day, looking back at a total November gain of 40%. More Apple chatter continued throughout the month, raising the stakes ever higher. That’s how you build a 43% surge in just 30 days.”
Read more in the full article here.
MacDailyNews Take: Behold the power of Apple Inc.!
[Thanks to MacDailyNews Reader “David E.” for the heads up.]
Is it too late to trade in my GTAT shares for UD?
Back in 2010, Anders Bylund predicted Apple would be the worst stock of the year. He also was the analyst that promoted the idea that the first Android phone, the HTC, had pre-sold 1.5M. He has a long track record of being an Apple-hater, why would MDN give this nut, hits?