Key Developments For Trident Microsystems Inc
Trident Microsystems Inc (TRID.O) (Nasdaq)
Trident Microsystems, Inc. Issues Q2 2010 Revenue Outlook; EBIT Outlook Below Analysts' Estimates
Trident Microsystems, Inc. announced that for second quarter of 2010, it expects net revenues to be in the range of $31-$34 million and non-GAAP operating loss to be in the range of $11-$14 million. According to Reuters Estimates, analysts were expecting the Company to report revenues of $32 million and non-GAAP operating loss of $10 million for the same period.
Trident Microsystems, Inc. Appoints Christos Lagomichos As President-Form 8-K
Trident Microsystems, Inc. reported in its Form 8-K that Ms. Sylvia Summers Couder, currently Chief Executive Officer (CEO), will remain CEO, Christos Lagomichos, EVP of NXP's Home business unit, will become President and Pete Mangan will remain Senior Vice President and Chief Financial Officer (CFO) of Trident.
Trident Microsystems, Inc. Raises Q1 2010 Guidance; Signed Definitive Agreement To Acquire NXP Semiconductors's Television Systems And Set-Top Box Business Lines
Trident Microsystems, Inc. raised its first quarter 2010 guidance expects net revenue of approximately $31 million, up from prior guidance of $22-$25 million and non-GAAP operating loss in the range of approximately $10 million, as compared with earlier guidance of $12-$14 million. According to Reuters Estimates, analysts were expecting the Company to report revenue of $23 million and net profit of $(19.00) million for the first quarter of 2010. Trident Microsystems, Inc. and NXP Semiconductors also announced that they have signed a definitive agreement whereby Trident will acquire NXP's television systems and set-top box business lines. Under the terms of the transaction, NXP will receive newly issued shares of Trident common stock equal to 60% of the total shares outstanding post-closing, including approximately 6.7 million shares that NXP will purchase at a price of $4.50 per share, resulting in cash proceeds to Trident of $30 million. The transaction is expected to close in the first calendar quarter of 2010.
Trident Microsystems, Inc. Issues Q1 2010 Guidance Below Analysts' Estimates
Trident Microsystems, Inc. announced that for the first quarter 2010, it expects net revenues to be in the range of $22-$25 million and non-GAAP operating loss to be in the range of $12-$14 million. According to Reuters Estimates, analysts were expecting the Company to report revenue of $34 million and net profit of $(11.00) million for the first quarter 2010.
Trident Microsystems, Inc. Raises Q4 2009 Revenue Guidance; Lowers Q4 2009 Earnings Outlook
Trident Microsystems, Inc. updated fourth quarter of 2009 guidance and expects net revenues to be in the range of $15-$18 million and non-GAAP operating loss to be in the range of $15-$17 million. Trident's outlook for the fourth quarter of 2009, is based on current expectations, includes expected results from the recently completed acquisition of certain consumer business division assets from Micronas Semiconductor Holding AG, and is subject to various factors. According to Reuters Estimates, analysts were expecting the Company to report revenues of $6 million for the same period.
