SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

   Technology StocksOLED Universal Display Corp


Previous 10 Next 10 
To: I'manoledguy who wrote (25996)5/8/2021 1:59:20 PM
From: A.J. Mullen
2 Recommendations   of 26188
 
I gave you my source, post 25604, in my last post. If you want to to dig deeper, you're welcome.

Share RecommendKeepReplyMark as Last Read


To: I'manoledguy who wrote (25996)5/8/2021 3:18:46 PM
From: EvanG
2 Recommendations   of 26188
 
Perhaps you can copy and post the SEC filings you refer to and any subsequent changes implemented by UDC.

sec.gov

Share RecommendKeepReplyMark as Last ReadRead Replies (1)


To: EvanG who wrote (25999)5/9/2021 7:21:49 AM
From: I'manoledguy
2 Recommendations   of 26188
 
Thanks EvanG for the information in your post. Considering the fact that this SEC inquiry was about the 2019 10-K and UDC has reported the 2020 10-K, perhaps a board of poster here can analyze the two different reports to see what actual changes in how the numbers are reported took place between the two.

A letter of inquiry from the SEC could be consequential or cause for alarm but in this case I hardly see it as anything more than what it was, a simple inquiry.

BTW---Always find your posts to be relevant, meaningful and helpful to the group of small investors gathered here so thank you for that.

Share RecommendKeepReplyMark as Last Read


To: I'manoledguy who wrote (25996)5/9/2021 11:29:44 AM
From: slacker711
2 Recommendations   of 26188
 
The company provides all legally required information to shareholders.


It is easy to be accepting of everything management has ever done when you don't actually track any of their statements or filings over time

UDC reported negative revenues for ROW (China) in Q4 2014. They never explained it in either their filing or in any conference call.

but I am sure that is entirely normal in your view.

Share RecommendKeepReplyMark as Last ReadRead Replies (1)


From: ynotgoal5/9/2021 12:51:27 PM
6 Recommendations   of 26188
 
oled-a has several posts on OLED products and utilization for 2021. Apple expected to use 170 million OLED in 2021 vs 115 million in 2020. Samsung Electronics is starting to source flexible OLED from BOE as Samsung Display appears to be running out of production capacity which offsets decline of orders for BOE from Huawei. It seems like in this scenario SDC would look to expand capacity or Samsung will start relying more on BOE for flexible OLED. Notebooks will help SDC keep their rigid OLED lines busy. Lastly, a discussion on OLEDs for IT applications with speculation on Apple adoption. They discuss tandem OLEDs and note UDC developing more narrow spectrum materials.

oled-a.org
Omdia forecasts 169 million iPhone with OLED panels will be shipped this year, up 47.6% Y/Y vs. 114.5 million units shipped in 2020. The 169 million units includes legacy OLED iPhone models as well as those for new models launching later this year.
Samsung Electronics is expected to use 157 million units of OLED panels in its smartphones this year, according Omdia, only a slight increase from 152.3 million units of last year. Xiaomi will be the third largest procurer of OLED panels with 67 million units. A total of 584.5 million units of OLED panels are expected to be shipped this year, an increase of 28% Y/Y. Flexible OLED panels will account for 335.5 million units, while rigid OLED panels will make up 249 million units. Last year, a total of 456.6 million units of smartphone OLED were shipped, a 3% decline from 2019’s 471 million units. Huawei used less OLED panels due to US sanctions, while Samsung’s use of the panels also dropped due to intense competition with Apple and Chinese companies. Chinese panel companies also failed to meet their smartphone OLED shipment target. The combined target of BOE, CSoT, EverDisplay, Tianma, Visionox and Royole was 100 million units but shipments were ~80 million units, according to Omdia.

oled-a.org
Current expectations are that Samsung Display will supply between 120m and 130m OLED displays for the iPhone 13, with LG Display supplying 50m, a big improvement over last year’s ~20m units, for a total of between 170m and 180m by the end of the year and based on these expectations. Samsung Display dedicated the entire output of its A3 OLED fab to production for the iPhone, and based on yield assumptions for flexible panels, Samsung would fall short of its expected goal especially given that it had to reduce its capacity to handle the extra mask steps for LTPO.. Samsung has been refitting a portion of its A4 OLED fab to produce LTPO displays, which when included, would allow Samsung to meet those production expectations. LG Display, based on capacity at its E5 and E6 fabs should be able to meet current target expectations. If Apple actually maintains current volume expectations for iPhone 13, it will represent a very substantial part of LG Display’s overall flexible OLED capacity for the year, will keep Samsung’s overall small panel utilization rate at a high level for much of the year, which they disclosed in their earnings call. The projections are shown in the next table. Reports indicate that BOE will supply 9m OLED panels, but they are likely to be for repair purposes as they were in 2019.



oled-a.org
BOE is preparing to supply its OLED flexible displays for Samsung Mobile’ smartphones and become a threat to SDC’s hold on the OLED industry . Samsung Mobile plans to use BOE’s flexible OLEDs for part of the mid-range Galaxy M series models to be released in the second half this year. Samsung Electronics also selected relevant components such as driver IC and touch IC for BOE’s OLED displays. The schedule for production has also been set for July. BOE has yet to succeed in making its OLED brand known. As flexible OLED requires advanced techniques, the company had faced issues such as yield and quality despite making aggressive investments. BOE started to run its OLED business through Huawei. Its strategy was to become competitive in its OLED business by working with other Chinese companies. When the U.S. government imposed sanctions on Huawei, BOE first looked to Apple and in 2021 is expected to ship 9m OLED displays. With that win in hand, they were able to convince Samsung Mobile to qualify their flexible OLED displays, which will be priced lower than sister company, SDC.

oled-a.org
Samsung Electronics Co. introduced the all-new next-generation, mobile computing-optimized devices, the Galaxy Book Pro and the Galaxy Book Pro 360. Samsung expects to ship 1m of the new OLED notebooks this year, and while that will be less than 1% of total notebook volume this year, on an area equivalent basis, 1m notebook units (50% each of both sizes) would utilize over 6 times the surface area needed to produce 1m 6.5” smartphones, keeping Samsung Display’s rigid OLED fab at higher utilization rates than if they depended on smartphones.

oled-a.org
Another improvement, that is likely to help with all applications is the narrowing of the spectrum, which is being spearheaded by UDC to get more luminance out of a given current.


Share RecommendKeepReplyMark as Last ReadRead Replies (1)


To: slacker711 who wrote (26001)5/9/2021 1:00:46 PM
From: I'manoledguy
   of 26188
 
I have to say that if are reaching back to 2014 to support Mullen's weak whining narrative that isn't much support.

Share RecommendKeepReplyMark as Last ReadRead Replies (2)


To: I'manoledguy who wrote (26003)5/9/2021 3:09:54 PM
From: A.J. Mullen
4 Recommendations   of 26188
 
UDC guy, you said The company provides all legally required information to shareholders. EvanG posted a letter from the SEC dated October 2020 regarding disclosures for 2019. I'm neither an attorney nor an accountant. It seems to me the letter indicates the disclosure was inadequate: UDC gave the minimum information it thought would be legally sufficient, in this case the SEC wanted more. You say you judge otherwise.

Now you say Slacker's example from 2014 shows lack of support. I say it shows a continuing pattern of minimal disclosure, which is demonstrated on conference calls.

Different perspectives. You say I'm weak and whining. I say I want to know more about a company of which I own a part, and you are on a hair-trigger to defend management. Does your first name start with an S by any chance?

Ashley

Share RecommendKeepReplyMark as Last Read


To: I'manoledguy who wrote (26003)5/9/2021 5:56:05 PM
From: slacker711
3 Recommendations   of 26188
 
I have to say that if are reaching back to 2014 to support Mullen's weak whining narrative that isn't much support.

and I have to say that you can find an excuse for management on any possible topic.

You can go to 2018 and look at how they restated past red and green material revenues during their conference calls. or to 2012 when the SEC challenged their accounting treatment of the Samsung contract because companies are supposed to average periodic payments over the life of a contract rather than when received. They told the SEC that there was uncertainty around the payments Something they never told investors.

but of course, none of this matters to you. Management can do no wrong and you'll never even bother to look at the SEC filings.

Share RecommendKeepReplyMark as Last Read


To: slacker711 who wrote (25988)5/9/2021 6:49:17 PM
From: slacker711
1 Recommendation   of 26188
 

Green emitter sales for the three months ended March 31, 2021, which include our yellow-green emitters, were $60.5 million as compared to $52.6 million for the three months ended March 31, 2020, with unit material volumes increasing by 11%.


Red emitter sales for the three months ended March 31, 2021 were $19.1 million as compared to $13.9 million for the three months ended March 31, 2020, with unit material volumes increasing by 21%.







Interesting to note that green ASP's were up ~3.5% while red ASP's were up 13.5%. ASP's for green were down 4% YoY in 2020 while red was up 2%.

Share RecommendKeepReplyMark as Last ReadRead Replies (1)


To: ynotgoal who wrote (26002)5/9/2021 7:25:56 PM
From: slacker711
2 Recommendations   of 26188
 
This chart from Omdia indicates that Samsung might be able to get rid of the polarizer in their QD-OLED. Not sure what "micro light control" means though.

and even more interestingly, is the idea that they might go from 3 tandem to 2 tandem. That would seemingly require a more efficient blue :-).

oled-a.org


Share RecommendKeepReplyMark as Last Read
Previous 10 Next 10