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Technology Stocks : OLED Universal Display Corp -- Ignore unavailable to you. Want to Upgrade?

To: rushnomore who wrote (101)	2/29/2000 9:15:00 PM
From: HoodBuilder	Read Replies (2) \| Respond to of 29687

I met with management about 2 months ago and visited the prototype facility. I've owned PANL for quite sometime and truly believe in the technology. I do not believe that today's move was due to the press release. Something much much bigger is cooking at PANL. As soon as they announce their first OEM relationship this stock will be $50/share. The "active" float is probably 3 million shares and we traded 1/3 of that today. Just a note...PANL does not trade options so it's gonna be pretty hard to write covered calls.

To: rushnomore who wrote (101)	3/6/2000 11:55:00 PM
From: Jdaasoc	Read Replies (2) \| Respond to of 29687

rushnomore: I visited pilot plant today. CFO was very cordial and sincere person who had after effects of bad hair plug job. I hope that is not an indication of how phoney and superficial PANL may be as an investment. If you ask me do they have a chance of their business model working out like the way RMBS has played out, the answer is maybe yes maybe no. However, there are not too many companies who stock will go up as much as RMBS. I think most companies would consider themselves as highly sucessful if they were 1/2 or even 1/4 of a RMBS. Currently, they have two big problems to solve, well maybe just one interelated problem. PANL is only worth $18 M in assets. So the first problem is no money in the companies coffers to allow them to be listed on NAZDAQ national market. Second of all, no display manufacturer has signed on to OLED's, TOLED's or SOLED's and given them big up front licensing payment which solves problem number one. RMBS was nothing much until Intel, a kingmaker, espoused RMBS's RDRAM technology for PC main memory. PANL's technology is extermely complicated and technical so someone of my capable but limited scientific background could adiquately evaluate their probable odds of making a go of wide scale manfacturering of their OLED's. All the technology described on their website seems doable especailly to investor's who are willing to take risks and maybe getting a little greedy seeing the 10 fold increase in PANL stock for last year. In a nutshell, it is this high degree of uncertaincy that allows PANL to achieve such high valuation. Yes they deserve their high valuation decause that their solution of the next generation of value added display solutions are as good as anyone else's out there currently and potential market for their technology is very large. However, the flip side is that if their technology is not accepted by display manufacturers, the decline in PANL stock will make the RMBS decline of 50% due to shorting back in 99 look like chump change. Of anything I was impressed with is the potential enforceability of their patents. It seems that Princeton U. and USC have very good patent lawyers who have covered a lot of loopholes in OLED technology implimentation. They have as good as technology as competitors and seem to have some steering capability on USDC which keeps their display designs in the limelight worldwide. You know Samsung, Toshiba et al would dearly not have to pay royalties on display technology but I think that PANL and USDC will not ket major foriegn companies off the hook easily. If you owned PANL your timeframe for investing and getting very good returns was before last week or waiting at least another one to two years for picture to get clearer. The next two years will be marked by extreme highs on credible or enticeingly good news and mind numbing lows on real or imagined setback to competitors but never a dull moment in between. I speak personly as a holder of RMBS stock since June of 98. john