From Tiernan Ray's "Barron's" blog: Oppenheimer & Co.‘s Andrew Uerkwitz today offers up some details of his firm’s first-ever “emerging innovations” conference, held yesterday in New York. Among the presenters was Universal Display (OLED), maker of organic light-emitting diode technology, whose shares Uerkwitz rates Outperform. He writes today that his conversation with chief financial officer Sidney Rosenblatt left him “more confident” about the stock as one of his top picks. Uerkwitz writes the discussion involved a review of Universal’s wins with Samsung Electronics (005930KS) in mobile phones, and the prospect of further business with LG Display (LPL): Over the past six months, we’ve seen the following models adopt UDC technology: the Galaxy series, the Note 3, the Galaxy Gear Watch, Moto X, Nokia, and Blackberry Q10. Additionally, we discussed the impact of LG Display’s expansion as it expects to open a dedicated Gen 8 plant by 2H14. Assuming full production. He also notes that he was impressed with discussion of the company’s patents: We continued our discussion around the patent portfolio and became more confident in its strength. For example, we were reminded that prior to signing a license agreement, Samsung spent considerable time reviewing the validity of UDC’s patent portfolio. Additionally, UDC’s core patents haven’t been challenged in US federal courts—we believe this would be one of the first places we’d see any serious threat to its portfolio. And finally, after reviewing recent cases, we do not believe anything new has been recently disclosed to negatively affect our view. As a reminder, the company holds 1,493 issued patents and 1,601 pending patents, which covers all phosphorescent OLED devices.
Positive Oppenheimer comments turned today's chart right around
