The apple of Universal Display's
To supplement this cache of company-owned OLED patents, Universal Display also partners with three research universities and has exclusive rights to OLED patents springing from these partnerships. But that still wasn't enough: The company has been paying royalties to Motorola Solutions
Well, that's the end of that relationship: Universal Display has bought Motorola's OLED patents outright and won't be sending any more royalty checks.
We don't know how much Universal Display paid to bring those patents home, though I'm sure the question will be asked (and perhaps ducked) in next week's earnings call. Because the size of those royalty payments was calculated from Universal Display's OLED-derived revenue, the Motorola contract looked as if it would get more expensive over time. Cementing the cost now was probably a smart move, assuming that the price tag was reasonable.
A co-development deal with coating technologist PPG Industries
When the PPG contract is renewed, I expect the terms to be quite different. A fly on the wall around those discussions would have a lot of juicy info to chew on.
Universal Display is consolidating its key assets as the market for OLED displays and lighting heats up. Samsung Display, AU Optronics
This stock has more than tripled over the last year and looks expensive with a history of negative earnings. Some analysts see an end to the red ink in the coming year, though the average tenor remains cautious. Where do you stand? Discuss in the comments below.
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