Here's another Kodak licensee: eMagin Corp (EMA)
I looked at PANL but was scared off by its run-up so far ahead of production and OEM commitments. I got into EMA Friday (1st day of trading). Those who are technically versed can evaluate EMA if you wish; its website was down today when I tried to copy and paste from it for this post.
eMagin website (formerly Fed Corporation):
fedcorporation.com
eMagin news release upon start of trading: biz.yahoo.com
An article I couldn't get a URL for:
<<FED Corp. changes name to eMagin to reflect organic LED focus
By Jack Robertson
Electronic Buyers' News
(01/31/00, 01:15:05 PM EST)
Flat-panel-display maker FED Corp. today changed its name to eMagin Corp.
Susan Jones, executive vice president of the company, based in Hopewell Junction, N.Y., said the name is pronounced "imagine" and is intended to represent a new focus on organic LED (OLED) flat-panel technology.
Under the eMagin name, the company will produce OLED-on-silicon microdisplays for camera viewfinders, cell phones, Internet handset devices, GPS map viewers, and display headsets for electronic games, portable DVD players, and wearable computers. The company licensed the OLED technology from Eastman Kodak Co., and claims to be the first U.S. designer to demonstrate a 300,000-pixel display.
The OLED product line will be shown at this week's DisplayWorks and Dappcon 2000 show in San Jose.>>
I understand the company's fab is at an IBM facility in New York. I've been told by my broker (who's been reliable) that Kodak and IBM are private placement investors, pre-opening. SEC site shows lots of authorized stock options; I hope they are well used. eMagin is a new public company by way of a reverse takeover of a public shell--Fashion Dynamics (FTSD).
I suppose questions include how much more intellectual property UDC has than EMA and other Kodak licensees, how key that IP is to practical and desired products that will lead to OEM deals, and how much all of the OLED wannabes will owe to Kodak, and for how long? Wish I could offer some insight, but I have no technical knowledge. I will decide later whether to redeploy some money out of EMA (if it pops) into PANL as the start of a mini-basket in this nascent sector. |
