Value Investors for Change Supports Share Exchange Between Trident Microsystems and NXP Semiconductors

• Press Release
• Source: Value Investors For Change
• On 12:19 pm EDT, Wednesday October 14, 2009

NEW YORK, Oct. 14 /PRNewswire/ -- Value Investors for Change, an investor group dedicated to maximizing value for stockholders, announced today it is withdrawing its intent to nominate its previously announced slate of nominees to the Board of Directors of Trident Microsystems, Inc. (Nasdaq: TRID - News) due to the announced share exchange between Trident and NXP Semiconductors. According to Trident's press release announcing the terms of the transaction, Trident will receive selected assets and liabilities of NXP's television systems and set-top box business lines, and NXP will receive newly issued shares of Trident common stock equal to 60% of the total shares outstanding post-closing.

On March 2, 2009, Value Investors for Change, through one of its constituent entities, Spencer Capital Management, LLC, announced its intention to put forth a slate of candidates for election to the Board of Trident, citing the company's poor financial performance and need to improve corporate governance practices. The closing stock price on the date of such announcement was $1.30. The closing stock price on October 12, 2009 was $2.99. The change represented an increase of 130% since initiation of the proposed election campaign.

Dr. Kenneth Shubin Stein of Value Investors for Change said, "We are pleased with the announced share exchange between Trident and NXP, as we believe it will add value for Trident stockholders. Value Investors for Change will continue to monitor Trident, but in light of the announced transaction, we no longer feel it is necessary to nominate an independent slate of directors at Trident in 2009."

About Value Investors for Change

Value Investors for Change is comprised of investors who seek to encourage companies to create, preserve and enhance long-term value for their stockholders. The group seeks to provide Boards and management teams with well-qualified directors and managers who will work diligently to increase stockholder value by instituting management, corporate governance, operations and compensation reforms.

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