Universal Display(US:OLED)2020-05-28 20:20Summary of Universal Display Corporation Conference Call Company Overview - Company: Universal Display Corporation (NASDAQ: OLED) - Event: Cowen and Company Virtual 2020 Technology, Media & Telecom Conference - Date: May 28, 2020 - Participants: Sid Rosenblatt (CFO), Krish Sankar (Cowen and Company) Key Points Industry Context - The conference call occurred during the COVID-19 pandemic, which significantly impacted supply chains and customer behavior in the technology sector [3][4]. Financial Insights - A notable $20 million in revenue was pulled into the March quarter due to customer concerns about supply chain disruptions caused by COVID-19 [3]. - The decision to pull orders was made early in the pandemic, around February 20, when uncertainty was high regarding future supply and demand [4]. Customer Behavior - Customers opted to pull in orders to ensure sufficient inventory levels amid the uncertainty, indicating a proactive approach to managing potential supply chain issues [4]. Future Revenue Implications - There is a question regarding whether the pull-in of orders will impact future revenue, suggesting that the company is closely monitoring the situation to assess long-term effects [3]. Additional Considerations - The call highlighted the challenges of navigating financial discussions during uncertain times, emphasizing the need for efficient communication [2]. - The CFO acknowledged the difficulties in providing clear guidance due to the rapidly changing environment [2].