Universal Display (PANL) is up 3.00 to 52.45 after beating Q3 estimates, and guiding for Q4 revenue of $15.4M-$19.4M ($15.3M consensus). During its Q3 CC, management reiterated prior comments about a recent German patent ruling being in its favor (though the details make that debatable), and added that its licensing deal with Samsung involves bi-annual fixed payments.
I don't like the last revelation that the Samsung deal is FIXED. Not exactly as positive as if the deal would have been royalties based on sales.
Wednesday, November 9, 2011
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