Trident Microsystems Stock.. (TRID).. wtf.. why is it getting delisted?

[brxndxn]

I can't figure out why the hell Trident Microsystems stock went down more than 40% on bad news.. Ya, it wasn't good news.. but they basically said 'we'll make less profit.. but we'll still make profit.'

Now.. why did it go down 40%? And, why the hell is it getting delisted? I really don't understand this part..

Anyone with some financial skills, can you tell me what requirement they're missing to stay listed?

 

[Eli]

What are you failing to understand?

Q3 revenue miss, weak Q4 forecast.

It's up .02%.. maybe it will rally...

 

[Capt Caveman]

http://finance.yahoo.com/q?s=trid

 

[brxndxn]

But why is it getting delisted?

 

[OrganizedChaos]

Originally posted by: brxndxn
But why is it getting delisted?

google 'trident delist'

theres a buch of stories about them refusing to file financials despite warnings from the stock exchange.

 

[seemingly random]

Look at the two year chart - things have been drifting down for a while. There's been non-public news/suspicions known to insiders for quite a while - and became public yesterday. Broke a 3 1/2 year trend line mid'06 and crashed through several support levels yesterday. Long term outlook doesn't look good. Might go long if very nimble for a few day bounce. There is support at 5 - if it goes below this, say bye-bye. With no research, would guess business outlook is probably similar to Creative. I've seen the stock price go below cash levels as strange as that may seem.

Just my semi-educated guess.

 

[ViRGE]

Trident is still around? I thought they were absorbed by someone early in this decade.

 

[Al Neri]

If you have any concept of the market or any accounting standards - you have to keep up to these standards to stay on an exchange, think of it as a club that you have to prove (and have someone audit and prove) that you make $1 million a year.

TRID is not letting people know what they made last year.

bye bye club membership

Hello your money in the toilet.

 

[sniperruff]

i see a non-GAAP revenue report... is that common?

 

[Al Neri]

Think about it - non-generally accepted accounting principles.

I don't know much about the accounting side of things, but I'd rather see GAAP and not NONGAAP revenue.

 

[ultimatebob]

Weird. It's almost like they're purposely trying to drive the stock price into the shitter in order to make easier to buy out privately.

 

[Al Neri]

Originally posted by: ultimatebob
Weird. It's almost like they're purposely trying to drive the stock price into the shitter in order to make easier to buy out privately.

or they are in deep sh|t.

one or the other

remove the tinfoil hat, turn off the X Files theme

 

[seemingly random]

Originally posted by: ultimatebob
Weird. It's almost like they're purposely trying to drive the stock price into the shitter in order to make easier to buy out privately.

Don't like to get mired in conspiracy theories but there is a possibility. Research on sales by principles might shed some light.

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EBIDTA reporting has been hotly defended by many - including CSCO, etc. I think their main objection to change is that they would have to include stock options - a "minor" consideration - but then it's probably more complicated than this.

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Need to be gentle - it's deeply distressing when an investment evaporates if you're not prepared for the possibility.

 

[Pliablemoose]

If they're unwilling to disclose financials, that's a bad sign, usually menas they have stuff they're trying to hide.