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To: IQBAL LATIF who wrote (33360)	9/21/2000 1:02:33 PM
From: wciguy	Respond to of 50167

Thursday September 21, 12:30 pm Eastern Time Press Release SOURCE: Universal Display Corporation Organic Thin-Film Semiconductor Laser Patent Announced by Universal Display Corporation EWING, N.J., Sept 21 /PRNewswire/ -- Universal Display Corporation (UDC) (Nasdaq: PANL - news; PHLX: PNL - news), a developer of an innovative flat panel display technology based on organic light emitting devices (OLEDs), announced today that its Research Partners, Princeton University and The University of Southern California (USC), have received a patent for an Organic Semiconductor Laser, U.S. patent number 6,111,902. UDC has the exclusive worldwide license for this and associated patents. The solid-state light-emitting device incorporates a thin-film of organic material and operates similarly to inorganic semiconductor lasers. In addition to anticipated lower power consumption and lower manufacturing costs, it is believed that the organic laser will be more versatile than today's solid state lasers because organic substances can be relatively easily manipulated to emit light from the ultraviolet to infrared. It is believed that a commercial organic semiconductor laser can have great potential for the electronics industry and the multi-billion dollar semiconductor laser market. Many consumer and technology products, including CD/DVD disk reading, fiber optics communications, microcircuit manufacturing, games and entertainment systems would benefit from lower power requirements and lower costs of Thin-Film Organic Semiconductor Lasers. The next step towards commercialization is developing an electrically pumped Organic Semiconductor Laser. About Universal Display Corporation UDC has been developing OLED technology with Princeton University and The University of Southern California (USC) since 1994. These partnerships continue to be committed to the innovative research and commercialization of this proprietary technology. UDC has the exclusive license to 31 US patents relating to OLED technology, and has more than 50 US patents pending. Patents have also been issued in 8 foreign countries and there are numerous patents pending worldwide. Universal Display Corporation ( www.universaldispaly.com ) is located in the Princeton Crossroads Corporate Center, Ewing, New Jersey, minutes away from its Research Partners at Princeton University. Its 11,000 sq. ft facility includes a pilot production line as well as technology development and technology transfer facilities. With more than 2,500 square feet of clean room space, this state-of-the-art facility is ideal to further technology development, technology transfer to manufacturing partners and work with customers to develop products to meet their needs for electronic flat panel displays. All statements in this news release that are not historical are forward- looking statements subject to risks and uncertainties that could cause actual results to differ materially for Universal Display Corporation from those projected, including, but not limited to: uncertainties relating to technological approaches, product development, manufacturing, and marketing acceptance, uncertainties related to cost and pricing of Universal Display products, dependence on collaborative partners, and other competition, risks relating to intellectual property of others and the uncertainties of patent protection. These are discussed in periodic reports filed with the SEC, including the Company's annual report on Form 10-K for the year ended December 31, 1999 and quarterly report on Form 10-Q. Universal Display Corporation expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in Universal Display Corporation's expectations with regard thereto or any change in events, conditions, or circumstances on which any such statements are based. SOURCE: Universal Display Corporation

To: IQBAL LATIF who wrote (33360)	9/21/2000 1:12:10 PM
From: Jerry Olson	Read Replies (1) \| Respond to of 50167

Ike i think we can and should rally off the slam yesterday and re test today short term..the DOW is very oversold here... i am long NTIQ-BLUE for the moment..covered my short on NT for 1... yes we can rally here, the question will be what happens when we hit resistance...

To: IQBAL LATIF who wrote (33360)	9/21/2000 1:20:11 PM
From: Jeff Jordan	Read Replies (2) \| Respond to of 50167

spanking to qualify, one other mark for a good support is the throwing in of towels, on that count That sounds like a lot of stocks....especially Lucent! I have gained a lot of respect for this Hahn guy real quick. He's got me scared now....He makes too much sense. home.att.net

To: IQBAL LATIF who wrote (33360)	9/21/2000 6:54:29 PM
From: IQBAL LATIF	Read Replies (3) \| Respond to of 50167

INTC pre-announcement has the potential to take SOX to 870 from its 984 close or if it trading at Feb low of 49$ now, the SOX theoritcally should sell down to 750 area, however lets take a step back from the over charge emotional outburst of selling, look back at the charts and look for that day 5/23.. look at Comp it was at 3146 now at 3828, NDX 3022 it was at 3718, OEX a little better barometer at 732 from 782 close NWX at 918 from 1202 PSE 916 from today's 1076 and SOX at 870 from (*$.. I think SPX was at 1360.. Now we need not a 100 point low but a great deal more of selling on Comp to relate to what was SOX on that 5/23 day, this market has all the potential to discard a sector and go to new sector as it has already done so otherwise IIX should have been at 390-400 instead of plus 500, yes BKX has come down from highs of 900 plus but still in a territory that is 800 plus, from last lows of SOX lot of water has passed under the bridges the last lows of SOX were made when TXN was at 68, LRCX 28 LSI 42 ATML 16 INTC 61, today TXN is at 58 may be 55 after hours or ATML at 15, I will not make the mistake of selling my stocks here rahter look at the most overvalued to buy osme put options. I see may be another few points on these stocks but nothing in these stocks to short, now the real action would be PMCS and RMBS which were at 135 and 38 when we saw SOX at those low levels today they closed at 235 and 80 respectively. I think that door to 1392 is opened however overnight selling is not my forte, I will hold and try to see some trade in the first few hours, I don't think that SOX impact will lead us back to 5/23 level on the Comp and NDX, that is an important point and we need to know that the leading names have already been severely corrected and if we see SOX at 870 area we may see Comp holding on well without losing 600 points where it was when SOX has touched the lows in May.. VTSS AMAT will be subject to severe selling however I think that market would absorb this news and after testing the 1418 low may hold to 1428 area ready to fall to 1392 on some more pre-announcements.. however it sounds to me still a high level consolidation phase with lot of uncertainities, I will play actively with put options on the SPZ and hold 1400 puts if 1436 is not restored within two hours of open..