Trident Poking Itself Higher (TRID)

Posted in pre-market 
October 5th, 2009

Trident Microsystems Inc. (NASDAQ: TRID) is surging as one the top gainers this morning.

UPDATE AT 9:20 AM EST: Shares are now up ‘only’ 9% at $2.54 and the volume is now 125,000 shares.

8:08 AM EST The company provided an upward revised to its guidance for its fiscal first quarter and also announced that it and NXP would combine their digital TV and Set-Top box businesses to create an industry leadership position in the digital home market.  Because of a very low price and market cap, this one may get more and more day trader action.  At 8:08 AM EST we have only seen about 15,000 shares trade versus average volume of 1.15 million shares.  But shares are also up 18% at $2.77 after a $2.33 close on Friday.  $3.10 is the 52-week high.

-JON OGG

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