They had a full page ad in the Sunday NY Times Magazine but it was pretty much all white and if you weren't looking for it you likely wouldn't have found it. Very institutional ad. They will need much more horsepower and television or an internet program to make people go and buy.
I would be happy with no change in guidance..........last heard from it was to the top of the range............then a surprise beat after the end of the year.
central_park_ranger, I heard back from darice and need to speak with you offline. why not send me an email at dca1125 at gmail?
Goldman's report out this morning says that any bad news coming from Samsung's bad quarter has been more than priced into OLED already. They believe that q3 EPS will be .09 beating the concensus which is .07. Based on what LG is doing with TV and based on the Apple Watch they think a long term LG contract might even come in 2014 but that notwithstanding, they are very bullish on OLED.
The problem is manufacturing capacity. There is nobody out there who can make the screens for them nor will there be for a few years. AND oled is going to continue to be Samsung's differentiator on phones for the next few years as they take it all the way through their product list.
It's rather simple...............look at how the company has performed and measure that against how the stock has performed, for a start. Then look at who owned the stock when she came on board and compare to who owns now. Then look at how many people hold an oled product in their hands and measure that against how many know that OLED, the company, even exists. BY ALL THESE MEASURES, what do you think?
As they have indicated to analysts that they are holding to their projections, under the circumstances that's exactly what they should be doing.
It's interesting that there has been no sounds of life from the good people at Universal Display Corporation for a month. Darice will claim that she is in her quiet period. Even when I'm in my quiet period I let out an occasional snore so Dale knows I haven't died in bed.
This is an outrage and a complete disregard for shareholders.
I'm not sure how to project these numbers as we go into Christmas Season......let's call it 10 weeks and 1,000 stores.
Rumor has it that they are planning on putting a dedicated LG person in each store (I'd have to see that to believe it but it would be smart).
Rumor has it that they are planning a tv advertising program (I'd have to see that to believe it also)
Rumor has it that there will soon be a 65 inch model and that there will be advertising at the Superbowl.........but that's next year.
A detailed tour of 3 Manhattan Best Buy stores (Union Square, Broadway & 62nd St, Lexington Ave & 86 St) indicates that without LG doing much of an advertising push and without LG salespeople in the stores the end aisle displays are up and each store is selling between 2 and 5 units/week.
Salesmen tell me that there is a niche market for these televisions and most people are sent in by friends who have bought. Likely, the prices will stay firm through the Christmas holidays........especially as there is little inventory in the stores as most people want them delivered anyway and delivery from the warehouse takes only 3 or 4 days..........and they set up the units for you.
Sales would increase with dedicated salespeople in the A class stores.
Sales would increase if LG would advertise and drive traffic. Products like these are SOLD (think "insurance") not BOUGHT.
Do you not think that at some point you're going to get hung out to dry?