Zacks Analyst Blog Highlights: Trident Microsystems, Inc., Sony Corp., TiVo, Blockbuster and El Paso Corp.

Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Trident Microsystems, Inc. (NASDAQ: TRID), Sony Corp. (NYSE: SNE), TiVo (NASDAQ: TIVO), Blockbuster (NYSE: BBI) and El Paso Corp. (NYSE: EP).

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Here are highlights from Wednesday’s Analyst Blog:

Trident Looking Beyond Near Term

Trident Microsystems, Inc. (NASDAQ: TRID) is a leader in integrated circuits for Digital Television. While its products are used in all kinds of displays, LCD television is its most important growth market as LCD televisions take share from plasma in the market for larger screens as well as traditional CRT television sets of all sizes.

With continuing declines in ASPs [average selling prices] and lack of wins with Tier-1 OEMs, the company has guided for another sequentially weak Q3. Trident's top-line growth is also negatively affected by the recent change in production strategy by its top customers, Sony Corp. (NYSE: SNE) and Samsung, who have decided to move production in-house. All of these will significantly impact Trident's 2009 revenue forecast.

TiVo Makes Blockbuster Deal

TiVo (NASDAQ: TIVO), in its latest effort to differentiate its DVRs from less-expensive generics, has landed a deal with Blockbuster (NYSE: BBI) to rent and sell its movies and TV shows.

The latest deal, announced early today, will allow TiVo users with high-speed Internet service to rent or buy roughly 10,000 Blockbuster On Demand titles for a similar price charged in its stores. And, unlike Netflix, Blockbuster will offer new videos prior to their release on pay-per-view.

El Paso a Buy with a Lower Target

We are maintaining our Buy recommendation on El Paso Corp. (NYSE: EP) but lowering our target price from $15.00 to $13.00 per share. The stock has fallen +70% since July on worries of liquidity, execution risk on its backlog of pipeline projects and soft commodity prices.

However, we believe that the company's experienced management and ability to generate liquidity will allow the company to weather the current economic and financial storm. We see the pipeline business obtaining the necessary financing to carry its project backlog setting it up for attractive long-term EBIT growth.

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