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Technology Stocks : Trident Microsystems (TRID) Reports Super Results
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To: Norrin Radd who wrote (2032)1/13/2000 2:24:00 PM
From: JAG  Read Replies (1) of 2056
 
Tom,
It is way past time. Trident's UICC plant investment was converted to UMC stock, 46,500,000 shares. Current value about $180 million and carried on books at $48 million. $30 million in cash. No debt. Frank Lin has 15% of the 13,000,000 shares. An outside investment group now has 10% and want Frank to buy to company out to sale to highest bidder, just at the time Frank has turned this around (what a bad joke). The book value of Trident with fair market value of UMC is somewhere around $14 or $15. Here is the kicker, Trident still has the right to 12.5% of the fab output from the UMC fab that is beginning production in 1Q2000. .15 micron I might add. This at a time when UMC and TSMC are falling all over themselves trying to buy fabs. Tridents UMC stock is more valuable that S3 or ALSC because they have the 12.5% output right to a .15 micron fab. There you go
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