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RESN and AUO updates ?2

11:07 13-Jul-16


Resonant has had a trio of press releases recently.  While the integration of contractors and the addition of another filter design can be said to be material, whether or not they outweigh the prospect of dilution will depend on the terms.  The latest announcement is not immediately material, and strikes me more as prep for a dilution event coming soon.  Building a patent portfolio is important, but the impact is typically only measurable once a company actually achieves financial success and is challenged on those grounds.

That may be part of why AUO continues to rise even after the dividend.  Taiwan has indicated willingness to back a country-wide push into the foldable AMOLED market.  Existing infrastructure and patents at AU Optronics should mean a substantial share of that process, in addition to benefiting from the current survivor rally in the LCD market, which is also discussed.  My theory about Apple involvement remains the x-factor.