Universal Display changes stock ticker and web site
Universal Display held their annual shareholder meeting yesterday, during which the company announced it is changing its stock ticker from PANL to OLED (CDT's old ticker). They also launched a new web site domain at udcoled.com.
During the ASM, the company reviewed the recent business and financial developments. 2012 was a very successful year for UDC as net income more than tripled, operating income rose 141% and revenues were up 36% compared to 2011. Samsung finally adopted UDC's green PHOLED (emitter and host) for the GS4 smartphone and this is a very positive development for Universal Display.
UDC exhibited LG's 55" OLED TV during the meeting, which is yet another confirmation that LG Display is using the company materials in those panels.
Disclosure: the author of this post holds some shares in Universal Display