Trident Microsystems Reports Results for First Quarter Ended Mar. 31, 2011

Tuesday, May 3rd, 2011 
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SUNNYVALE, Calif. — Trident Microsystems, Inc. (Nasdaq: TRID), a leader in high-performance semiconductor system solutions for the connected home, today announced results for its first quarter ended Mar. 31, 2011.

For the quarter, the company reported net revenues of $88.3 million, which compares with $118.6 million in the prior sequential quarter and $90.4 million in the quarter ended Mar. 31, 2010. On a generally accepted accounting principles (“GAAP”) basis, the company reported a net loss for the quarter of $40.8 million, or $0.23 per share. This compares with a net loss of $53.8 million, or $0.31 per share in the prior sequential quarter and a net loss of $8.8 million, or $0.07 per share, in the quarter ended Mar 31, 2010.

Q1 Highlights

  • In March 2011, Trident announced that its set-top box system-on-chips (SoCs) are powering one of the first trial deployments of Next Generation Broadcasting (NGB) in China. This reaffirms Trident’s commitment to bring the best multimedia experiences to the China region and highlights how its leading set-top box SoCs are NGB-ready today with the right specifications, core technology, cost structure and support for the Android operating system.
  • The company announced in March 2011 that Haier has selected the HiDTV Pro-SXL™ SoC to power its new line of multimedia-rich Internet TVs to be sold in Europe starting in mid-2011. The HiDTV Pro-SXL solution, which is being rapidly adopted by leading TV manufacturers around the globe, is a fully integrated digital TV SoC that features internet connectivity, 2D-3D conversion, worldwide digital television standards support, and spectacular picture quality through Trident’s second-generation Enhanced Super Resolution (ESR) technology.
  • Also in March, Trident announced that its HiDTV Pro-SA1 SoC has been designed into Hisense’s newest line of affordable and feature- rich Smart-TVs for the Japanese market. Representing the first Hisense-branded TV to be sold in Japan, the new Hisense Smart-TVs takes advantage of Trident’s low cost, exceptional picture quality, internet-ready platform, and support for the Japanese ARIB digital TV (DTV) standard.

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