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Technology Stocks : OLED Universal Display Corp
OLED 203.650.0%Jan 19 8:10 PM ESTNews

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To: slacker711 who wrote (14064)1/2/2018 7:42:44 PM
From: EvanG4 Recommendations

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The problem is that their rhetoric doesnt really show that the host material fiasco has had much impact on their thinking.

When Samsung's 2005 agreement expired, it took two years to get a 2nd agreement. During that time, UDC simply kept extending the terms of the first agreement and then signed the "no downside" agreement.


In both cases management has made public admissions of deficiencies in their processes and told shareholders of the corrective actions that were taken. In the case of the host materials fiasco they admitted that their supply chain management was not sufficient and needed improvements. With the prior Samsung agreement they admitted that they needed more expertise involved and engaged negotiators from Disney who do this type of thing all the time.

Those were probably hard admissions of faults on behalf of management and they took it seriously enough afterwards to mention how they were working towards improvement. Hence management has a history of continuous improvement initiatives and assuming that nothing has changed is ignoring changes they have made. Clearly their intent is to have different results.

I do think we should at some point start thinking if we should have turnover in the board of directors or perhaps add more seats.

They continue to call Samsung a partner and talk about their long history of working together.

Management is the good cops and us greedy shareholders are the bad cops. Management degrading Samsung will only lead to Qualcomm type problems.
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