Universal Display's Shares Jumped: What You Need to Know

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Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of OLED technology developerUniversal Display (NAS: PANL) are shining bright today, jumping as much as 15.8% on heavy volume.

So what: Korean electronics giant LG Electronics just announced an OLED-equipped smartphone, set for a European debut in mid-September. Not counting the brief appearance of OLED screens on the HTC Droid Incredible last year, the LG Optimus Sol becomes the only big-screen OLED smartphone on the market not stamped with the Samsung brand.

Now what: LG Mobile CEO Jong-Seok Park claims that the new model will "stand out from its competitors as the most affordable 1 GHz Android smartphone with an AMOLED display," though he didn't announce any kind of pricing. This news of a possible high-volume addition to the OLED family overpowered the potentially damaging assertion that Apple will hold off on OLED-equipped phones and TV sets until global manufacturing capacity on the technology catches up with Apple's high-volume demands. Then again, that's been obvious for a while, hasn't it?

Interested in more info on Universal Display? Add it to your watchlist.

At the time this article was published Fool contributor Anders Bylund holds no position in any of the companies discussed here. The Motley Fool owns shares of Apple. Motley Fool newsletter services have recommended buying shares of Universal Display and Apple. Motley Fool newsletter services have recommended creating a bull call spread position in Apple. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool is investors writing for investors.

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