Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of Trident Microsystems
So what: Rival home entertainment chip designer Zoran
Now what: Trident's management explained that "industry softness and share loss from supply constraints earlier in the year" will keep sales down in the coming quarter, which is almost exactly what Zoran said the day before. Unlike Zoran, which is thinking about a wholesale change of direction to overcome its troubles, Trident has a strong pipeline of new products coming up in 2011. Fellow Fool Rich Duprey thinks Trident is a good way to ride the coattails of Netflix
Interested in more info on Trident? Add it to your watchlist by clicking here.
Fool contributor Anders Bylund holds no position in any of the companies discussed here. Netflix is a Motley Fool Stock Advisor selection. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool is investors writing for investors.
More from The Motley Fool
3 Disruptive Stocks That Justify Their High Valuations
For long-term holders, it pays to pay up for disruptive potential.
Netflix Earnings: What to Watch
Can Netflix convince investors it can maintain strong momentum in 2018?
Could Netflix Produce Disney-Sized Revenue Someday?
At least one analyst thinks so and predicts Netflix will rank second in the next three to five years.