Trident Microsystems Reports Results for First Quarter of Fiscal Year 2010

SANTA CLARA, Calif. — Trident Microsystems, Inc. (Nasdaq: TRID), a leader in high-performance semiconductor system solutions for the digital home, today announced results for its fiscal first quarter ended Sept. 30, 2009. For the fiscal first quarter, the company reported net revenues of $31.1 million, which compares with net revenues of $14.9 million in the prior sequential quarter and $34.8 million in the same quarter a year ago. The sequential increase is primarily attributable to the full quarter’s impact of product lines acquired during the fiscal fourth quarter of 2009.

For the fiscal first quarter, the company reported a net loss of $17.2 million, or $0.25 per share, on a generally accepted accounting principles (“GAAP”) basis. This compares with a net loss of $21.1 million, or $0.32 per share in the prior sequential quarter and a net loss of $18.0 million, or $0.29 per share, in the same quarter one year ago.

Tier-One DTV Design Win

The company also announced today that its SoC has been selected for 2010 production by one of the largest global manufacturers of LCD televisions. Trident’s product will be used in the customer’s value product line serving the North American and European markets. Production shipments are expected to commence as early as December 2009.

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