Profile: Trident Microsystems, Inc. engages in the design, development, and marketing of integrated circuits for digital media applications, such as digital television, liquid crystal display television, and digital set-top boxes. Its products include video decoding, format conversion, MPEG2 decoding, and image enhancement processors. The company serves the personal computer and consumer television markets. It markets its products through direct sales force, independent sales representatives, and distributors worldwide. Trident Microsystems was founded in 1987 by Frank C. Lin and is headquartered in Sunnyvale, Califórnia
Website: http://www.tridentmicro.com/
Market Cap: 1.17B
Trading Idea:
Semi Conductors are getting hot, and TRID has been moving ahead of the sector showing relative strength and plenty of upside potential. The company fundamentals are improving as the company posted interesting guidance last quarter; also the HDTV demand is growing steadily and TRID is a top player for this market and other top demanded high tech chips.
Revenues Trend:
(http://www.3stocksonfire.org/stockcharts/TRID_rev.gif)
Earnings Trend:
(http://www.3stocksonfire.org/stockcharts/TRID_earn.gif)
TRID was severely punished in recent months, dropping from the $31 in April to $15 in July, the stock is now rebounding from the lows, during the last 2 weeks TRID consolidated the recent gains and yesterday had another breakout. Volume was not significant yet but TRID is now building momentum, and the current chart configuration suggests continuation.
Short Term Chart:
(http://www.3stocksonfire.org/stockcharts/TRID.gif)
Long Term Chart:
(http://www.3stocksonfire.org/stockcharts/TRID_lt.gif)
At this point we want to hold TRID on the 3SOF Portfolio as we expect a nice price development soon.
Trading Plan:
Buy TRID at or near the open a stop will be added on the next update.
Regards,
Update:
Nice start for our first day on this position, followed by a correctional move today. Today's drop was inflected by the general behaviour on the sector; the SOX Index has a very similar pattern, so I see today's selling has a consolidation move or an attempt to retest the recent breakout level, no damage has been inflected to this chart pattern yet.
We expect this to be a bigger swing to the upside, but we are not taking a big risk as we'll set a tight stop on this position, so the trading plan for now is:
Trading Plan:
Hold TRID with a stop @ $19.50
Regards,
Update:
TRID was able to go up last Friday while the SOX index was down, this shows some relative strength here, volume was nice and TRID's technical pattern is looking solid. Lets keep the same plan:
Trading Plan:
Hold TRID with a stop @ $19.50
Regards,
Update:
TRID just made a new short term high, breaking out a 3 days consolidation range. The chart looks really bullish; but the current ascending support is probably too pushed to prevail. We'll be looking forward for developments on this position.
Trading Plan:
Hold TRID with a stop @ $19.50
Regards,
Update:
TRID just broke the short term ascending support line, and is now testing the breakout level near $20.00. We expect TRID to hold above $20 and return to its ascending route, till then the plan will be the same:
Trading Plan:
Hold TRID with a stop @ $19.50
Regards,
The low was $19.43 this morning. Did 3SOF stop out? Thanks.
Quote from: dcrlin on September 11, 2006, 10:41:08 AM
The low was $19.43 this morning. Did 3SOF stop out? Thanks.
Hi dcrlin,
Yes, our stop was placed @ $19.50.
TRID will test year high of $30 in short period of time.
Quote from: shawFund on September 12, 2006, 08:25:57 PM
TRID will test year high of $30 in short period of time.
Yes, I agree Shawfund.
Unfortunately we were stopped last Monday @ $19.50 for the 3SOF Portfolio during that strange intraday sell off.... On my personal account I'm still holding TRID, and I see the current setup as «very bullish». By so we'll be adding TRID again.
Update:We'll Buy TRID again for the 3SOF Portfolio tomorrow during the morning.
Update:
TRID just had another breakout to new relative highs.
Trading Plan:
Hold TRID
(We'll not be setting an automatic stop for this position yet, although the suggested stop price would be near $20.00)
Regards,
Update:
TRID made new relative highs last Friday above $24, but closed the session in negative territory. Probably TRID will have another consolidation range between $22 and $24 before it has the necessary strength to continue this rally.
Trading Plan:
Hold TRID
(We'll not be setting an automatic stop for this position yet, although the suggested stop price would be near $20.00)
Regards,
Update:
After trading above $25.00 last Monday, TRID had some kind of short term exhaustion and is correcting a bit now. We believe there is no reason to concern, this is a normal trading behaviour taking in consideration TRID's last moves. $22.00 should provide support (top of last range), but we expect price to move up at any moment following the market's current momentum.
Trading Plan:
Hold TRID
(We'll not be setting an automatic stop for this position yet, although the suggested stop price would be near $20.00)
Regards,
Update:
The $22.00 support seems to have worked, giving a nice positive reaction to TRID's chart. This stock is trading according to its ascending pattern, we'll keep holding it for now.
Trading Plan:
Hold TRID
(We'll not be setting an automatic stop for this position yet, although the suggested stop price would be near $20.00)
Regards,
Update:
No special price developments here, TRID is still trading inside its bullish pattern, we'll keep holding it.
Trading Plan:
Hold TRID
(We'll not be setting an automatic stop for this position yet, although the suggested stop price would be near $20.00)
Regards,
Update:
TRID stock price was down during the first days of this week affected due to the non compliance with the Nasdaq rules (being late with their fillings) and the warning they received from the Exchange.
Yesterday, and after a weak open, the stock started to move on the right direction, showing strong signs of recovery and reacting on its ascending support, TRID closed near the highs of the day with a nice white candle.
Trading Plan:
Hold TRID
(We'll not be setting an automatic stop for this position yet, although the suggested stop price would be near $20.00)
Regards,
Update:
Nice continuation candle, TRID is trading according to its current ascending channel setup.
Trading Plan:
Hold TRID
(We'll not be setting an automatic stop for this position yet, although the suggested stop price would be near $20.00)
Regards,
Update:
TRID is still trading according to its ascending pattern, the short term range is between $22 and $24, we expect an upside breakout at any moment.
Trading Plan:
Hold TRID
(We'll not be setting an automatic stop for this position yet, although the suggested stop price would be near $20.00)
Regards,
Update:
News:
- Trident to Post 1Q Partial Results (http://biz.yahoo.com/ap/061013/trident_earnings_date.html?.v=1)
TRID has been trading inside its ascending channel, consolidating several closes above $24.00 and reaching a new relative high a few ticks above the previous high. We expect support on the $24.00 area now, and we have no reasons to sell this position yet.
We are upgrading the suggested stop level to a profit zone, although we are not using an automatic stop order yet:
Trading Plan:
Hold TRID
(We'll not be setting an automatic stop for this position yet, although the suggested stop price would be near $22.50)
Regards,
Update:
TRID just had a normal correction day; it still trades inside our ascending channel, so there is no reason to worry yet... But we don't want to see TRID outside this ascending pattern, so we are going to upgrade our suggested stop to $23.50, even if we expect an upside reaction at any moment.
Trading Plan:
Hold TRID
(We'll not be setting an automatic stop for this position yet, although the suggested stop price would be near $23.50)
Regards,
We are still holding, unless it trades below $23.50 near the end of the session we'll keep this position on 3SOF.
Update:
Peculiar day for TRID, opened with a gap down, but kept with a strong intraday momentum closing near the highs of the day and inside the ascending channel again.
We are not taking more risks here, so we'll change our suggested stop to an automatic stop at the same price, since another move to $23.50 will not look good on this chart, essentially TRID needs to trade inside the ascending channel for us to keep this position.
Trading Plan:
Hold TRID with a stop @ $23.50
Regards,
TRID sold @ $23.50 following the plan
Hey Terliso:
How abt these 3ML on TRID arn't they attractive??
Sorry but are unable to attach the chart -
Nice.
19.35 touched the lowest regression line with rsi(2) being below 20.
Top regression line is currently at around 24.50.
TRID update:
Can find a list of their customers at:
http://www.tridentmicro.com/customers.asp
MARKET WATCH INFORMS:
http://www.marketwatch.com/news/story/asian-stocks-end-week-mainly/story.aspx?guid=%7B2C5F24E3%2DF2A7%2D4537%2DADC2%2D13D0A3EB8A57%7D&siteid=yhoo&dist=yhoo
Sony shares led gains in Tokyo's technology sector following reports the consumer-electronics giant (SNE : sony corp adr new
SNE54.83, +0.29, +0.5%) (JP:6758: news, chart, profile) will post stronger earnings this business year. The Nikkei business daily reported Friday that Sony's operating profit will likely rise to 400 billion yen ($3.4 billion) in the year ending next March, which would be a more than fivefold increase, on strong sales in its electronics and game divisions.
Let's hope it breaks 22 soon
GLTA
This company is a leading provider of of integrated circuits for CRT TV,
LCD TV, PDP TV and HD TV. Will be releasing earnings after tomorrow's
market close.
It's having good volume going thru this event and the chart is showing
nice profits. Left the 22 behind and now seeking to the 23 resistance
which I believe would be a breakout if volume remains approx at these
levels.
GLTA
Sold at average 22.80. Too many offers accumulating but perhaps will buy again
at lower level
Just bought back @21.47 - good resistance area
SANTA CLARA, Calif., Feb 08, 2010 /PRNewswire via COMTEX/ -- Trident Microsystems, Inc. (TRID), a leader in high-performance semiconductor system solutions for the connected home, today announced results for its quarter ended Dec. 31, 2009. The company also separately announced that effective today it has completed its acquisition of the TV and Set-Top Box product lines from NXP Semiconductors.
For the quarter, the company reported net revenues of $31.9 million, which compares with net revenues of $31.1 million in the prior sequential quarter and $19.2 million in the same quarter a year ago. The company reported a net loss for the quarter of $23.4 million, or $0.34 per share, on a generally accepted accounting principles ("GAAP") basis. This compares with a net loss of $17.2 million, or $0.25 per share in the prior sequential quarter and a net loss of $14.6 million, or $0.24 per share, in the same quarter one year ago.
Non-GAAP Results
Non-GAAP net loss for the quarter was $15.6 million, or $0.22 per share, which includes the impact of a $2.8 million write-off of pre-production inventory. This compares with a non-GAAP net loss of $11.6 million, or $0.17 per share, in the prior sequential quarter and a non-GAAP net loss of $6.6 million, or $0.11 per share, in the same quarter a year ago. A detailed reconciliation between GAAP and non-GAAP net loss is provided in a table following the non-GAAP consolidated statements of operations.
Sylvia Summers, Trident's chief executive officer, said, "Results for the quarter, excluding the disappointing inventory write-off, were in line with our guidance. With the closing today of our acquisition of the NXP product lines, we are ready to look forward to the opportunities we are creating as a result of this transaction. We are now a leading provider in both the digital TV and set-top box markets, with a much larger and more diversified revenue and customer base, a broad and powerful patent portfolio, and two-thirds of our employee base in Asia on day one. We have integration plans, key management, and a vision in place for how we will move ahead as one company from this day forward. We remain committed to the substantial restructuring and crisp execution that will be required to break even by the end of this year, and we already are aligning product roadmaps and account strategies to win new business for 2011 and beyond."
Outlook
As previously announced, Trident has changed its fiscal year end to December 31. For its new fiscal first quarter ending Mar. 31, 2010, which will include approximately eight weeks of operating results for the newly acquired product lines, Trident is providing the following outlook. The company's outlook for any period is based on current expectations and is subject to various factors, including those set forth in the Forward-Looking Information statement below. Actual results may differ materially.
Quarter ending Mar. 31, 2010:
Net revenues are expected to be in the range of $85 million to $90 million.
Non-GAAP gross margins are expected to be in the range of 21% to 24%.
Non-GAAP operating expenses are expected to be in the range of $57 million to $60 million, with research and development expenses in the range of $38 million to $40 million and selling, general and administrative expenses of approximately $19 to $20 million.
Non-GAAP operating loss is expected to be in the range of $36 million to $40 million.
Provision for income taxes is expected to be approximately $1.0 million.
The company expects to restructure its operations over the next several quarters, and anticipates that it will incur $1 to $2 million of related restructuring charges in the fiscal first quarter. These charges are not included in the guidance for non-GAAP operating loss.
Cash as of the end of the quarter is expected to be in the range of $120 million to $130 million.
Because the fiscal second quarter ending June 30, 2010 will be the first quarter reflecting the full impact of the acquired product lines, the company also provided updated guidance for that quarter.
Quarter ending June 30, 2010:
Net revenues are expected to be in the range of $140 million to $160 million.
Non-GAAP gross margins are expected to be in the range of 23% to 26%.
Non-GAAP operating expenses are expected to be in the range of $65 million to $68 million, with research and development expenses in the range of $44 million to $46 million and selling, general and administrative expenses of approximately $21 to $22 million.
Non-GAAP operating loss is expected to be in the range of $23 million to $27 million.
Provision for income taxes is expected to be approximately $1 million.
Restructuring charges are expected to be in the range of $18 million to $22 million. These charges are not included in the guidance for non-GAAP operating loss.
Cash as of the end of the quarter is expected to be in the range of $90 million to $100 million.
Investor Conference Call
Management will host a conference call at 2:00 pm Pacific Time today. The domestic dial in is 866-202-3048; the international dial-in is 617-213-8843. Passcode: 96447383. A replay of the conference call will be available for two weeks and will be accessible by calling 888-286-8010 (domestic) or 617-801-6888 (international) using access code 75194851. This call is being webcast by Thomson/CCBN and can be accessed at Trident's web site at: http://www.tridentmicro.com . The webcast also is being distributed through the Thomson StreetEvents Network to both institutional and individual investors. Individual investors can listen to the call at www.fulldisclosure.com; institutional investors can access the call via Thomson's password-protected event management site, StreetEvents ( www.streetevents.com ).
Use of Non-GAAP Financial Information
To supplement the consolidated financial results prepared under GAAP, Trident uses a non-GAAP conforming, or non-GAAP, measure of net loss that is GAAP net loss adjusted to exclude certain costs, expenses and gains. Non-GAAP net loss gives an indication of Trident's baseline performance before gains, losses or other charges that are considered by management to be outside the company's core operating results. In addition, non-GAAP net loss is among the primary indicators management uses as a basis for planning and forecasting future periods. These measures are not in accordance with, or an alternative for, GAAP and may be materially different from non-GAAP measures used by other companies. Trident computes non-GAAP net loss by adjusting GAAP net loss for acquisition-related expenses, stock-based compensation expense, expenses related to the stock option investigation and related matters, restructuring charges, expenses related to software license fees adjustment, amortization and impairment of intangible assets from acquisitions, impairment loss, backlog amortization, capital gains and losses and dividend income. A detailed reconciliation between net loss on a GAAP basis and non-GAAP net loss is provided in a table following non-GAAP Consolidated Statements of Operations.
Forward-Looking Information
This press release contains forward-looking statements, including statements regarding financial expectations for the first and second quarters of fiscal year 2010, expected restructuring activity, and our ability to breakeven by the end of 2010. The forward-looking statements made above are subject to certain risks and uncertainties, and actual results could vary materially depending on a number of factors. These risks include, in particular, our ability to realize the benefits from our acquisition of product lines from NXP, our ability to build upon our core strengths, including our technology, engineering team, competitive cost structure and strong balance sheet, the timing of product introductions, the ability to obtain design wins among major OEMs for Trident's products, and competitive pressures, including pricing and competitors' new product introductions, the impact of the uncertain global macroeconomic environment, the increasingly competitive DTV market and our ability to retain key employees. Additional factors that may affect Trident's business are described in detail in Trident's filings with the Securities and Exchange Commission available at http://www.sec.gov .
About Trident Microsystems, Inc.
Trident Microsystems, Inc., with headquarters in Santa Clara, California, is a leading force in the digital home entertainment market, delivering an extensive range of innovative multimedia semiconductor solutions for digital televisions and set-top boxes -- at the heart of today's digital home. Trident has been making bold moves to expand its market, deepen and more fully leverage its Intellectual Property (IP) portfolio, and drive the evolution of the "connected home." Its acquisition of NXP Semiconductors' set-top box and television product lines in 2010 establishes Trident as one of the top three semiconductor providers to both the TV and set-top box markets. For further information about Trident and its products, please consult the Company's web site: http://www.tridentmicro.com .
NOTE: Trident is a trademark of Trident Microsystems, Inc. All other company and product names are trademarks and/or registered trademarks of their respective owners. Features, pricing, availability and specifications are subject to change without notice.
SOURCE Trident Microsystems, Inc.
It is $1.50+ stock now. Wao!!
That is more than 90% loss.
Just stop by and read previous posts.