So you can't find information about Universal Display under its old ticker PANL anymore. Not to worry: the company is still around and doing quite well for long-term shareholders. It's just trading under a new ticker.
Say hello to Universal Display (NASDAQ:OLED), the same next-generation display and lighting expert as always but now with a ticker more directly related to its business. The old one was generic and forgettable; the new one tells you what the company is all about. You can thank sector rival Cambridge Display for giving this ticker up in 2007, when the company was acquired by a huge Japanese chemicals conglomerate.
Universal Display itself continues to bank on Samsung's huge investment in OLED screens for smartphones and tablets, looking forward to big-screen OLED TV sets from Samsung and LG Display (NYSE:LPL), among others. If and when those 80-inch screens go mainstream, it won't take huge unit volumes to send very large royalty and materials revenues to this highly focused company.
In the video below, Fool contributor Anders Bylund walks investors through Universal Display's illustrious history on a three-minute whirlwind tour. The final takeaway is simple: This no-brainer change gives Universal Display a clearer branding message on Wall Street.
The Motley Fool has recommended Universal Display. The Motley Fool has a disclosure policy. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.