|I listened to the UDC CC: here are my take aways;|
Steve's opening remarks covered the increasing proliferation of OLED displays into mid and entry level smartphones, OLED TVs, laptops, gaming consoles, and displays/tail lights for cars. He concluded by saying that PPG was going to double their capacity by the new manufacturing plant in Ireland.
In the Q&A the first question was on the guidance. My words: how can you not raise the guidance if you had $134M in revenues in the 1st quarter, leaving $396M for the remaining 3 quarters; meaning 3 flat quarters. Especially after your opening comments?
Answer: Supply chain issues partly on the semiconductor/chip shortage.
Mini LED displays are just LCD technology.
A question about deferred income and was the two contract extensions partly responsible for the addition of deferred income in the 4th qtr and in this qtr? If he answered the question it was above my pay grade.
When asked about the impact on revenues with the increase in the cost of Iridium, the answer was that pricing was written into the contracts and that they had been building IR inventory to support future requirements. I guess that means that it should not have a significant impact on revenues.
Last question dealt with BLUE... Steve answered that there will be some papers presented at the upcoming SID Display Week (May 16-21) so he could not comment. When asked about a commercial blue and could it be just a drop and play effort on behave of manufactures, Steve said that the companies would have to update the systems to use the commercial blue emitter. He also stated that it would be from 9 to 12 months from the first blue available to when it would be in commercailized.