Asus PB287Q 28-Inch 4K Monitor Review: Ultra HD For $650
By Christian EberleMAY 27, 2014

Apple's OS X 10.9.3 improves Retina tech on 4K displays
An update to Mavericks lets high-resolution external displays take full advantage of Apple's crisp text and graphics.
by Stephen Shankland  
 @stshank May 16, 2014

 
May 8, 2014
 
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Universal Display Corporation Announces First Quarter 2014 Financial Results
 
EWING, N.J.--(BUSINESS WIRE)-- Universal Display Corporation (Nasdaq: OLED), enabling energy-efficient displays and lighting with its UniversalPHOLED® technology and materials, today reported financial results for the first quarter ended March 31, 2014.
 
For the first quarter of 2014, the Company reported net income of $4.0 million, or $0.09 per diluted share, on revenues of $37.8 million. For the first quarter of 2013, the Company reported a net loss of $4.8 million, or $(0.10) per diluted share, on revenues of $15.0 million.
 
"Our solid execution in delivering high performance, quality assured, proprietary phosphorescent emitters and hosts to our growing list of OLED customers, coupled with increasing production activity, resulted in strong revenues, operating income and earnings in the first quarter," said Sidney D. Rosenblatt, Executive Vice President and Chief Financial Officer of Universal Display. "In recent months, we were very pleased to see new products, including flagship launches, showcasing our phosphorescent OLED materials and technologies. Looking forward, we are excited about new growth opportunities in the mobile, wearable, TV and lighting markets as we continue to fortify and expand our IP and materials portfolio for long-term growth."
 
First Quarter 2014 Results
 
Revenues for the first quarter of 2014 were $37.8 million compared to revenues of $15.0 million in the same quarter of 2013. Growth in first quarter revenues was led by a 177% increase in material sales, which rose to $35.3 million, up from $12.8 million in the first quarter of 2013, reflecting robust volume growth in sales of red emitter, green emitter and green host materials. Royalty and license fees were $1.8 million in the first quarter of 2014, up from $1.3 million in the same quarter of 2013. Technology development and support revenue was $0.7 million in the first quarter of 2014 compared to $0.9 million in the same quarter of 2013.
 
No revenue was recognized under the Samsung Display Co., Ltd. (SDC) licensing agreement in the first quarter, as SDC is obligated to make licensing payments in the second and fourth quarters of the year. For 2014, the Company expects to recognize $50 million in SDC licensing revenues for the full year.
 
Operating expenses for the first quarter of 2014 were $31.2 million compared to $22.1 million in the same quarter of 2013. Cost of materials for the quarter were $9.9 million compared to $3.1 million in the first quarter of 2013, reflecting an increase in the quantity of material shipped and changes in product mix.
 
The Company reported operating income of $6.6 million for the first quarter of 2014, compared to an operating loss of $7.2 million for the first quarter of 2013.
 
The Company's balance sheet remained strong, with cash and cash equivalents and short-term investments of $267 million as of March 31, 2014. During the quarter, accounts receivables and inventories increased, while accrued expenses declined. This resulted in working capital increasing to $318 million at the end of the quarter.
 
2014 Guidance
 
Although the OLED industry is still at a stage where many variables can have a material impact on its growth, the Company now expects 2014 revenues to reach the high end of its $190 million to $205 million guidance range.
 
Conference Call Information
 
In conjunction with this release, Universal Display will host a conference call on Thursday, May 8, 2014 at 5:00 p.m. Eastern Time. The live webcast of the conference call can be accessed under the "events" portion of the Company's website. Those wishing to participate in the live call should dial 1-877-941-0843 (toll-free) or 1-480-629-9819, and reference conference ID 4679603. An online archive of the webcast will be available within two hours of the conclusion of the call.
 
To see how Universal Display is changing the face of the display and lighting industries with its UniversalPHOLED®, white OLED, and flexible OLED technologies, please visit the company's website at www.udcoled.com.
 
About Universal Display Corporation
 
Universal Display Corporation (Nasdaq: OLED) is a leader in developing and delivering state-of-the-art, organic light emitting diode (OLED) technologies, materials and services to the display and lighting industries. Founded in 1994, the Company currently owns or has exclusive, co-exclusive or sole license rights with respect to more than 3,000 issued and pending patents worldwide. Universal Display licenses its proprietary technologies, including its breakthrough high-efficiency UniversalPHOLED® phosphorescent OLED technology, that can enable the development of low power and eco-friendly displays and white lighting. The Company also develops and offers high-quality, state-of-the-art UniversalPHOLED materials that are recognized as key ingredients in the fabrication of OLEDs with peak performance. In addition, Universal Display delivers innovative and customized solutions to its clients and partners through technology transfer, collaborative technology development and on-site training.
 
Based in Ewing, New Jersey, with international offices in Ireland, South Korea, Hong Kong, Japan and Taiwan, Universal Display works and partners with a network of world-class organizations, including Princeton University, the University of Southern California, the University of Michigan, and PPG Industries, Inc. The Company has also established relationships with companies such as AU Optronics Corporation, BOE Technology, DuPont Displays, Inc., Innolux Corporation, Kaneka Corporation, Konica Minolta Technology Center, Inc., LG Display Co., Ltd., Lumiotec, Inc., Pioneer Corporation, Samsung Display Co., Ltd., Sony Corporation, and Tohoku Pioneer Corporation. To learn more about Universal Display, please visit www.udcoled.com.
 
Universal Display Corporation and the Universal Display logo are trademarks or registered trademarks of Universal Display Corporation. All other company, brand or product names may be trademarks or registered trademarks.
 
All statements in this document that are not historical, such as those relating to Universal Display Corporation's technologies and potential applications of those technologies, the Company's expected results as well as the growth of the OLED market and the Company's opportunities in that market, are forward-looking financial statements within the meaning of the Private Securities Litigation Reform Act of 1995. You are cautioned not to place undue reliance on any forward-looking statements in this document, as they reflect Universal Display Corporation's current views with respect to future events and are subject to risks and uncertainties that could cause actual results to differ materially from those contemplated. These risks and uncertainties are discussed in greater detail in Universal Display Corporation's periodic reports on Form 10-K and Form 10-Q filed with the Securities and Exchange Commission, including, in particular, the section entitled "Risk Factors" in Universal Display Corporation's annual report on Form 10-K for the year ended December 31, 2013. Universal Display Corporation disclaims any obligation to update any forward-looking statement contained in this document.
 
(OLED-C)
 
       
UNIVERSAL DISPLAY CORPORATION AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(UNAUDITED)
 
(in thousands, except share and per share data)
 
March 31, 2014  December 31, 2013
ASSETS
CURRENT ASSETS:      
Cash and cash equivalents   $  35,931    $  70,586  
Short-term investments   230,990    202,024  
Accounts receivable   24,508    15,657  
Inventory   14,592    10,595  
Deferred income taxes   20,558    21,563  
Other current assets   11,150      6,623    
Total current assets   337,729    327,048  
PROPERTY AND EQUIPMENT, net of accumulated depreciation of $23,251 and $22,756   15,004    14,893  
ACQUIRED TECHNOLOGY, net of accumulated amortization of $35,591 and $32,841   91,261    94,011  
INVESTMENTS   3,051    7,417  
DEFERRED INCOME TAXES   18,309    19,143  
OTHER ASSETS   602      242    
TOTAL ASSETS   $  465,956      $  462,754    
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES:      
Accounts payable   $  8,368    $  5,256  
Accrued expenses   6,956    16,039  
Deferred revenue   3,375    1,910  
Other current liabilities   1,041      24    
Total current liabilities   19,740    23,229  
DEFERRED REVENUE   3,503    2,403  
RETIREMENT PLAN BENEFIT LIABILITY   9,709      9,436    
Total liabilities   32,952      35,068    
 
SHAREHOLDERS' EQUITY:      
Preferred Stock, par value $0.01 per share, 5,000,000 shares authorized, 200,000 shares of Series A Nonconvertible Preferred Stock issued and outstanding (liquidation value of $7.50 per share or $1,500)   2    2  
Common Stock, par value $0.01 per share, 100,000,000 shares authorized, 46,889,496 and 46,825,168 shares issued and outstanding at March 31, 2014 and December 31, 2013, respectively   469    468  
Additional paid-in capital   573,574    572,401  
Accumulated deficit   (126,137  )   (130,159  )
Accumulated other comprehensive loss   (4,246  )   (4,368  )
Treasury stock, at cost (401,501 shares at March 31, 2014 and December 31, 2013, respectively)   (10,658  )   (10,658  )
Total shareholders' equity   433,004      427,686    
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY   $  465,956      $  462,754    
 
 
UNIVERSAL DISPLAY CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
(UNAUDITED)
 
(in thousands, except share and per share data)
   
Three Months Ended March 31,
2014    2013
REVENUE:      
Material sales   $  35,327    $  12,752  
Royalty and license fees   1,779    1,299  
Technology development and support revenue   733      925    
Total revenue   37,839      14,976    
 
OPERATING EXPENSES:      
Cost of material sales   9,897    3,092  
Research and development   10,156    8,938  
Selling, general and administrative   6,430    5,171  
Patent costs and amortization of acquired technology   3,972    4,617  
Royalty and license expense   756      312    
Total operating expenses   31,211      22,130    
Operating income (loss)   6,628    (7,154  )
INTEREST INCOME   218    210  
INTEREST EXPENSE   (17  )   (8  )
INCOME (LOSS) BEFORE INCOME TAXES   6,829    (6,952  )
INCOME TAX (EXPENSE) BENEFIT   (2,807  )   2,194    
NET INCOME (LOSS)   $  4,022      $  (4,758  )
 
NET INCOME (LOSS) PER COMMON SHARE:      
BASIC   $  0.09    $  (0.10  )
DILUTED   $  0.09    $  (0.10  )
 
WEIGHTED AVERAGE SHARES USED IN COMPUTING NET INCOME (LOSS) PER COMMON SHARE:      
BASIC   46,177,661    45,823,414  
DILUTED   46,651,438    45,823,414  
 
   
UNIVERSAL DISPLAY CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
(UNAUDITED)
 
(in thousands)
 
Three Months Ended March 31,
2014    2013
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income   $  4,022    $  (4,758  )
Adjustments to reconcile net income to net cash provided by operating activities:      
Amortization of deferred revenue   (1,127  )   (678  )
Depreciation   501    509  
Amortization of intangibles   2,750    2,742  
Amortization of premium and discount on investments, net   (136  )   (116  )
Stock-based employee compensation   1,899    1,174  
Stock-based compensation to Board of Directors and Scientific Advisory Board   203    224  
Deferred income tax benefit   1,773    —  
Retirement plan benefit expense   419    417  
(Increase) decrease in assets:      
Accounts receivable   (8,851  )   (1,870  )
Inventory   (3,997  )   1,936  
Other current assets   (4,887  )   (3,703  )
Other assets   —    18  
Increase (decrease) in liabilities:      
Accounts payable and accrued expenses   (4,598  )   (6,837  )
Other current liabilities   1,017    —  
Deferred revenue   3,692      44    
Net cash used in operating activities   (7,320  )   (10,898  )
CASH FLOWS FROM INVESTING ACTIVITIES:      
Purchases of property and equipment   (917  )   (549  )
Additions to intangibles   —    (69  )
Purchases of investments   (127,244  )   (102,142  )
Proceeds from sale of investments   102,823      81,364    
Net cash used in investing activities   (25,338  )   (21,396  )
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from issuance of common stock   86    93  
Repurchase of common stock   —    (5,456  )
Proceeds from the exercise of common stock options and warrants   616    66  
Payment of withholding taxes related to stock-based employee compensation   (2,699  )   (2,796  )
Net cash used in financing activities   (1,997  )   (8,093  )
DECREASE IN CASH AND CASH EQUIVALENTS   (34,655  )   (40,387  )
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD   70,586      85,923    
CASH AND CASH EQUIVALENTS, END OF PERIOD   $  35,931      $  45,536    
 
 
Investor Relations:
Universal Display
Darice Liu, 609-671-0980 x558
dliu@udcoled.com
or
Media Contact:
Gregory FCA
Matt McLoughlin, 610-228-2123
matt@gregoryfca.com
Source: Universal Display Corporation
 
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Édito : on attend toujours des notebooks avec écrans Oled
Ils devaient arriver en 2010...

Un 32 pouces calibré en usine, Ultra-HD
 
Le PB328Q est doté d'une dalle IGZO, capable d'afficher une définition de 3849 x 2160 pixels. Il peut afficher jusqu'à un milliard de couleurs (10 bits), avec une luminosité de 350 cd/m² et un fort taux de contraste et de larges angles de vision. La dalle couvre la totalité de l'espace de couleur sRGB, avec une fidélité de rendu adaptée aux graphistes (DeltaE inférieur à 2) grâce à une calibration en usine.
 
L'affichage s'y fait bien sûr en 60 Hz, grâce à des entrées DisplayPort et HDMI 2.0. On y trouve aussi un port mini DisplayPort, deux entrées HDMI 1.4, quatre ports USB 3.0 et une prise casque. Notez enfin que son rétroéclairage est constant (pas de modulation PWM et donc pas de scintillement), et que son pied permet au cadre de basculer en mode portrait. L'écran sera disponible au mois de novembre, à un prix non communiqué, mais sûrement élevé.
 
 
Un 27 pouces WQHD et G-Sync pour les joueurs
 
Avec son temps de réponse de 1 ms seulement, l'écran ROG Swift PG278Q est clairement destiné aux joueurs. Sa dalle adopte une technologie TN, et affiche une définition de 2560 x 1440 pixels sur une diagonale de 27 pouces, jusqu'à 144 images par seconde.
 
Il est surtout capable de gérer la technologie G-Sync de Nvidia, qui permet de fluidifier l'affichage, éviter les déchirements d'image, et améliorer la netteté des mouvements par une technologie de rétroéclairage de type LightBoost (extinction entre chaque image), tout en gardant un retard d'affichage très faible. Bref, de quoi combler les joueurs, qui pourront en profiter dès le mois de juillet prochain... à un prix encore inconnu.