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EX-99.1 - EX-99.1 - TRIDENT MICROSYSTEMS INC | f57750exv99w1.htm |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): January 4, 2011
TRIDENT MICROSYSTEMS, INC.
(Exact name of registrant as specified in its charter)
0-20784
(Commission File Number)
(Commission File Number)
Delaware (State or other jurisdiction of incorporation) |
77-0156584 (I.R.S. Employer Identification No.) |
1170 Kifer Road
Sunnyvale, California 94086
(Address of principal executive offices, with zip code)
Sunnyvale, California 94086
(Address of principal executive offices, with zip code)
(408) 962-5000
(Registrants telephone number, including area code)
(Registrants telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the
filing obligation of the registrant under any of the following provisions (see General Instruction
A.2. below):
o | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
o | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
o | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
o | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 2.02 | Results of Operations and Financial Condition. |
On January 4, 2011, Trident
Microsystems, Inc. (the Company) issued a press release announcing an expected range of revenue
and expected range of operating loss for the quarter ended December 31, 2010. The press contains
forward-looking statements regarding the Company and includes cautionary statements identifying
factors that could cause actual results to differ materially from those anticipated. The full text
of the Companys press release is attached hereto as Exhibit 99.1.
The information in Item 2.02 of this Current Report on Form 8-K, including Exhibit 99.1, is
furnished pursuant to Item 2.02 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.
Included in the press release are expected financial results on a Generally Accepted
Accounting Principles (GAAP) basis, as well as a range for the expected operating loss on a
non-GAAP basis. As required by Regulation G, the press release contains a reconciliation of the
non-GAAP financial measures to the most directly comparable GAAP measures as well as a discussion
of managements uses of, and rationale for presenting, the non-GAAP financial measures. To
supplement the consolidated financial results prepared under GAAP, the Company uses a non-GAAP
conforming, or non-GAAP, measure of gross margin, operating expenses, operating income (loss), and
net income (loss) that is based on the directly comparable GAAP figure adjusted to exclude certain
costs, expenses and gains. These non-GAAP measures give an indication of the Companys baseline
performance before gains, losses or other charges that are considered by management to be outside
the companys core operating results. The company believes these non-GAAP measures provide
meaningful supplemental information for investors regarding the performance of the business and
facilitate a meaningful evaluation of the companys performance between current and prior periods.
In addition, these non-GAAP measures are 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. The Company computes its non-GAAP financial measures by adjusting the most directly
comparable GAAP figure for acquisition-related expenses, stock-based compensation expense, expenses
related to the stock option investigation and related matters, legal settlements, 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.
Item 9.01 | Financial Statements and Exhibits. |
(d) | Exhibits |
Exhibit No. | Description | |||
99.1 | Press release dated January 4, 2011 announcing estimated financial results. |
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: January 5, 2011 |
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TRIDENT MICROSYSTEMS, INC. |
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/s/ David L. Teichmann |
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David L. Teichmann |
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Executive Vice President, General Counsel & Corporate Secretary
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