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Financial data about Trident is all over the map, depending on which news source you read, and yesterday their stock rose almost 17% and today it's up another 44%.
I suspect there is a future news story brewing here...
This is interesting. Entropic+Trident provides STB integrated chip. Zenverge provides transcoding piece either directly or by educating Entropic in developing it themselves. Presumably they have all the CA and encryption technologies covered. Where does that leave a smaller player like Canadian Government step-child ViXS Systems, Inc.?
Even that is a Wow! Their end of Sept quarterly filing listed total liabilities of $112M. Seems like either the $215M is wrong or there was some fraud involved in the Sept filing. Their burn rate certainly would not have added $100M in debt in one quarter.
The market today decided this wasn't a good deal. From an engineering perspective, it sounds exciting that Entropic can combine MoCA with the existing Trident IP and offer more integrated solutions for IPTV and STB customers.
Is $55M too much to pay for bankrupt Trident? I guess it all hinges on the exact details of "Entropic would take on an unspecified amount of Trident's debt" -- which is around $500M. If unspecified amount means something close to zero, this could be a very smart move by Entropic.