Universal Display Shares Plunged: What You Need to Know
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So what: Over the summer, Universal Display struck a deal with Samsung to supply OLED screens for its various devices. The agreement led to speculation that a deal with Apple would come to fruition at some point. Analysts at Canaccord Genuity and Cowen & Co. disagree.
Now what: So be it. Universal Display has plenty of potential non-Apple customers other than Samsung, Barron's quotes a Cowen analyst as saying in a research note. I agree; I'd also point out that LG Display (NYS: LPL) is a partner. Do you believe that's enough momentum? What do you expect from Universal Display's third-quarter earnings report, which is due tomorrow? Please weigh in using the comments box below.
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At the time this article was published Fool contributorTim Beyersis a member of theMotley Fool Rule Breakersstock-picking team. He owned shares of Apple at the time of publication. Check out Tim'sportfolio holdingsandFoolish writings, or connect with him onGoogle+or Twitter, where he goes by@milehighfool. You can also get his insightsdelivered directly to your RSS reader.The Motley Fool owns shares of Apple.Motley Fool newsletter serviceshave recommended buying shares of Universal Display and Apple and creating a bull call spread position in Apple. Try any of our Foolish newsletter servicesfree for 30 days. We Fools don't all hold the same opinions, but we all believe thatconsidering a diverse range of insightsmakes us better investors. The Motley Fool has adisclosure policy.
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