Universal Display (PANL -10.7%) gives back Friday's gains following a downbeat note from Canaccord. The firm throws cold water on hopes Apple will use Universal's OLED display technology (the result of a recent patent filing) in the near-term, and also expresses concerns about a European patent license hearing.
PANL announces earnings after the bell on Tuesday...so we'll know very quickly if Cannacord knows what they are talking about. The revenue growth on this stock is special...
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