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Universal Display Corp. Message Board

  • expatriot08 expatriot08 Apr 12, 2013 11:18 AM Flag

    what has happened to dorkmeister

    I hope I am not jinxing it, but it seems like a year since he has said anything. Sorry i forgot his real name and who he works for but I am sure many here remember him.

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    • Haven't read today's note but it sounds like he is talking about 2017 and that television won't have great penetration. Fact is that nobody has included tv in current estimates.

    • here he is from today : "Canaccord Genuity raised its price target on Universal Display (NASDAQ: PANL) from $24 to $32 but maintained a Hold rating. The firm sees favorable risk/reward into Q1 but said long-term still balanced.
      "
      Maybe Dca can add more detail from today. Thanks.

      Sentiment: Strong Buy

      • 1 Reply to sidneyleejohnson
      • Today, two reports came out that when taken together bodes well for UDC.

        Foxconn was reported to be hiring 10,000 employees per week to assemble Apples 5S due out in the 3rd quarter and Dorsheimer conceded that the Galaxy S4 is going to use UDC’s green emitter and host.

        I have always felt the lead-time for production of phones are 2-3 months with parts lead-time of at least three months. Therefore with a May release of the Galaxy S4 significant numbers of screens had to have been produced using large quantities of green emitters and host had to have been sold to Samsung.

        The reports that I have seen of production schedules of 2-3 million screens in February, 4-5 million in March and 8-9 million in April seems plausible. Therefore enough materials for the 6-8 million Feb / Mar production and some of the April production had to have been sold during the first quarter. If I’m Samsung, producing screens for a launch of a significant product, I would insist of a two week inventory of materials therefore two weeks of April’s production or 4 million screens. (6-8 million plus 4 million equals 10-12 million screens)

        The revenue estimates by the analysts average $1.247 million increase, when the 4th qtr. license fee is subtracted out. The cost of green emitter and host for10 million screens is far more than $1.247 million. ( I believe its $5-7 million ). Therefore it’s a beat, in revenue, by $5 million. Remember the 3rd qtr 2011 beat due to green sales. Analysts have not adjusted revenue forecasts since the announcement of the S4.

        Sentiment: Strong Buy

    • Jed Dorsheimer (sp??) is often accused of being either terribly stupid or fully in the employ of the shorts. You're right, we've not heard from him in a while but that time of year is coming. Surely, we'll hear from him and surely he will mis-represent the facts.

 
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