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TRIDENT
MICROSYSTEMS (Nasdaq:TRID)
TRID -
(09/02/02 - $3.78)
Trident Microsystems has touched this level
(3.60-4.00) 3 other
times during the past 2 years. Each of those times it has
rebounded
to approximately $8. TRID trades at .5x sales and carries no
debt.
It has cash and investments of $7.61 per share with a tangible book
value
of $6.72. Trid remains significantly undervalued. The strong financials
as well as the chart should provide support around the current price.
Buy
at the current price.
6/02/03 - Recommend selling
at the current price of $6.06 for a 60% gain.
See
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