Universal Display has approved a $50 million share repurchase program over the next twelve month. The repurchases will be on the open market.
As of September 30 2012 UDC had about $239 in cash. In early 2011 the they raised $250 million. They said they are looking at IP acquisition and indeed in July 2012 UDC bought Fujifilm's OLED IP portfolio for $105 million. In September the company said it does not see any large acquisitions ahead. In addition, patent litigation has pretty much ended in Japan and in Korea
Disclosure: The author of this post holds shares in UDC.
Posted: Nov 15,2012 by Ron Mertens
