July 19, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — Trident Microsystems, Inc. (NASDAQ: TRID) said that it has entered into a settlement with the Securities and Exchange Commission regarding the SEC’s investigation into the company's historical stock option practices. Under the terms of the settlement, Trident will not pay any penalty or other money damages.

The company said it has agreed to settle with the SEC without admitting or denying the allegations in the SEC's complaint. Trident has consented to entry of a permanent injunction against future violations of anti-fraud provisions, reporting provisions and the books and records requirements of the Securities Exchange Act of 1934 and the Securities Act of 1933.

California-based Trident Microsystems is active in the digital home entertainment market, offering a range of multimedia semiconductor solutions for digital televisions and set-top boxes.

The firm acquired NXP Semiconductors' set-top box and television product lines earlier this year.

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