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TRID > SEC Filings for TRID > Form 8-K on 18-May-2009All Recent SEC Filings

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Form 8-K for TRIDENT MICROSYSTEMS INC


18-May-2009

Other Events


Item 8.01 Other Events.
On May 18, 2009, Trident Microsystems, Inc., a Delaware corporation (the "Company") announced an update to its outlook for the fourth quarter of fiscal year 2009, and intends to discuss this updated guidance on May 18, 2009 at the Seventh Annual JMP Securities Research Conference available by webcast to all stockholders on the Company's website at www.tridentmicro.com. The updated guidance is as follows:
Fourth Quarter Fiscal Year 2009 Outlook
• Net revenues are expected to be in the range of $15 to $18 million.

• Gross Margin in the low 30% range.

• Non-GAAP operating loss is projected to be in the range of $15 to $17 million.

• The company expects to end the quarter with a cash balance of approximately $177 to $182 million.

The Company's revised outlook for the fourth quarter of fiscal year 2009 set forth above 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 certain risks and uncertainties, that could cause actual results to differ materially, including, in particular, the Company's ability to successfully integrate the consumer business division product lines acquired from Micronas, its ability to build upon its core strengths, including its 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 the Company's products, and competitive pressures, including pricing and competitors' new product introductions, the impact of the current global macroeconomic environment, the increasingly competitive DTV market and the Company's ability to retain key employees. Additional factors that may affect the Company's business are described in detail in its filings with the Securities and Exchange Commission available at http://www.sec.gov.
A copy of the press release announcing the Company's updated guidance for the fourth quarter of fiscal year 2009 is attached hereto as Exhibit 99.1. Item 9.01 Financial Statements and Exhibits

(c) Exhibits

Exhibit No.    Description

99.1           Press Release dated May 18, 2009, announcing updated guidance for the
               fourth quarter of fiscal year 2009.


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