-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, QyWfeJ2VbupI8CNtD/1VTVqyFaaGGJ1Qqej1vjDpYLqxeATIBHbnaTfCPqNdhZIb wESQsqA/ICOAanEkvqX5zA== 0000950134-04-009576.txt : 20040701 0000950134-04-009576.hdr.sgml : 20040701 20040701163325 ACCESSION NUMBER: 0000950134-04-009576 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20040701 ITEM INFORMATION: ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20040701 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TRIDENT MICROSYSTEMS INC CENTRAL INDEX KEY: 0000859475 STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674] IRS NUMBER: 770156584 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-20784 FILM NUMBER: 04895663 BUSINESS ADDRESS: STREET 1: 2450 WALSH AVENUE CITY: SANTA CLARA STATE: CA ZIP: 95051-1303 BUSINESS PHONE: 4084961085 MAIL ADDRESS: STREET 1: 2450 WALSH AVENUE CITY: SANTAL CLARA STATE: CA ZIP: 95051 8-K 1 f00079e8vk.htm FORM 8-K e8vk
Table of Contents

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

Form 8-K

Current Report

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): July 1, 2004

TRIDENT MICROSYSTEMS, INC.

(Exact name of registrant as specified in its charter)

0-20784

(Commission File Number)
     
Delaware
(State or other jurisdiction of incorporation) 		  77-0156584
(I.R.S. Employer Identification No.)

1090 E. Arques Avenue
Sunnyvale, California 94085

(Address of principal executive offices, with zip code)

(408) 991-8800

(Registrant’s telephone number, including area code)

 

TABLE OF CONTENTS

Item 7. Financial Statements and Exhibits.
Item 12. Results of Operations and Financial Condition.
SIGNATURES
EXHIBIT INDEX
EXHIBIT 99.1

Table of Contents

Item 7. Financial Statements and Exhibits.

     (c) Exhibits.

     
Exhibit
   Description
99.1
  Press Release issued by Trident Microsystems, Inc., dated July 1, 2004, announcing expected financial results for the quarter ended June 30, 2004.

Item 12. Results of Operations and Financial Condition.

     On July 1, 2004, Trident Microsystems, Inc. (the “Company”) issued a press release announcing expected financial results for the fourth fiscal quarter ended June 30, 2004. A copy of the Company’s press release is attached hereto as Exhibit 99.1 and incorporated herein by reference.

     The information in this Current Report on Form 8-K, including the exhibit, is furnished pursuant to Item 12 and shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities under that Section. Furthermore, the information in this Current Report on Form 8-K, including the exhibit, shall not be deemed to be incorporated by reference into the filings of the Company under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended.

SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: July 1, 2004
         
  TRIDENT MICROSYSTEMS, INC.
 		  
  /s/ Frank Lin    
  Frank C. Lin   
  President, Chief Executive Officer and Chairman of the Board (Principal Executive Officer)   
 
         
     
  /s/ John S. Edmunds    
  John S. Edmunds   
  Chief Financial Officer   

 

Table of Contents

         

EXHIBIT INDEX

     
Exhibit
   Description
99.1
  Press Release issued by Trident Microsystems, Inc., dated July 1, 2004, announcing expected financial results for the quarter ended June 30, 2004.

 

EX-99.1 2 f00079exv99w1.txt EXHIBIT 99.1 EXHIBIT 99.1 TRIDENT MICROSYSTEMS PREVIEWS JUNE QUARTER RESULTS EXPECTS STRONG SECOND HALF Sunnyvale, CA -- July 1, 2004---Trident Microsystems, Inc. (Nasdaq: TRID - News) announced today that for the fourth fiscal quarter ended June 30, 2004, the company currently expects to report revenue of approximately $12.6 million. Earnings for the quarter on a GAAP basis are expected to be approximately $0.04 per fully diluted share which will include gains from the sale of certain securities expected to be about $ 1.0 million, and include a charge for amortization of deferred compensation expense expected to be about $0.3 million. Excluding the gains on sales of securities and amortization of deferred compensation expense would result in earnings of approximately $0.02 per fully diluted share. The company continues to expect substantial revenue growth for the remainder of the calendar year, with revenue in the September quarter expected to increase in a range approximating 30% sequential growth over that expected for the June quarter. "In the June 2004 quarter, one of our key OEM customers was working through some inventory transition issues and ordered a relatively small amount of product" said Mr. Frank Lin, Trident's President and CEO. "Trident currently supplies a clear majority of the LCD TV volume for this customer, and we expect to expand our position based upon multiple design wins with the new SVP-EX product. Although the company expects this customer's inventory transition to be resolved quickly, in forecasting our sequential growth we believed it was prudent to not count on a complete resolution before the end of September" continued Mr. Frank Lin. Trident is currently ramping new business with two large Japanese OEMs. In addition, based upon the current good market reception to the new SVP-EX product, Trident expects to continue to attract new customers as well as expand its current relationships with top - tier Advanced TV OEM's (LCD, Plasma, Projection, Digital and Progressive Scan CRT as well as integrated HDTV). Consequently, Trident anticipates a strong production ramp in the September quarter and beyond, as well as strong product positioning for advanced television shipments through calendar 2005 and beyond. The expected results for the June quarter are based on preliminary unaudited information. The company currently plans to release quarterly financial results for the fourth fiscal quarter on Thursday July 22, 2004 after the market close and to discuss its financial and operational results as well as an updated business outlook during its regularly scheduled conference call after the market close. Forward-Looking Information This press release contains forward-looking statements, including statements which use the words "expect", "hope", "anticipate", "believe", "potential" and similar words, including our statements regarding financial expectations and our expectations regarding product developments and design-wins. The forward-looking statements above are subject to certain risks, and actual results could vary materially depending on a number of factors. These risks include, in particular, changes in actual results based on finalization of the review for the quarter, changes in trends in the DPTV industries, changes in targeted consumer electronics markets such as Digital Television, whether the Company is able to achieve timely product introductions, the failure to obtain design wins among major OEM's for the Company products, and competitive pressures, including pricing and competitors' new product introductions. Additional factors that may affect the Company's business are described in detail in the Company's filings with the Securities and Exchange Commission. Use of Non GAAP information To supplement our financial presentations in accordance with GAAP, Trident also uses non-GAAP measures of results from operations. These non-GAAP results are provided to enhance the user's overall understanding of our current financial performance and our prospects for the future. We believe the non-GAAP results provide useful information to both management and investors by excluding certain gains and expenses. The non-GAAP measures are included to provide investors and management with an alternative method of assessing Trident's operating results. The presentation of this additional information should not be considered in isolation or as a substitute for results prepared in accordance with accounting principals generally accepted in the United States. About Trident Microsystems, Inc. Trident Microsystems, Inc. with headquarters in Sunnyvale, California designs, develops and markets digital media for the masses in the form of integrated circuits (IC's) for Digital CRT TV, LCD TV, PDP TV, HDTV and digital set top box. Trident's products are sold to a network of OEM's, original design manufacturers and systems integrators worldwide. For further information about Trident and its products, please consult the company's web site: http://www.tridentmicro.com Note: Trident is a registered 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. FOR INVESTOR CONTACTS: Trident Microsystems, Inc. John Edmunds Chief Financial Officer Trident Microsystems Tel: (408) 991-8875 Fax: (408) 733-1528 Email: Investor@tridentmicro.com Web site: http://www.tridentmicro.com -----END PRIVACY-ENHANCED MESSAGE-----