SiliconBeat

Trident Microsystems said it has finally received notice from Spencer Capital Opportunity Fund of identity of the two nominees Spencer has said it wants to nominate to the chip maker’s board of directors. The names of the dissident nominees were not released.

The New York based investment company had put Trident on notice of its intention to nominate its own candidates earlier this year when its founder, Kenneth Shubin Stein, said in a statement March 2:

“This is a company whose revenue has deteriorated significantly, product line has lost ground and business model is under enormous pressure. We intend to run a slate of candidates whose interests will be aligned with shareholders and who have the investing and technological expertise to effectively analyze the assets of the company and maximize their value.”

According to the press release put out by Trident on Tuesday, Spencer Capital owns 1,000 shares of Trident, whose largest shareholder is now Micronas Semiconductor Holding, a Swiss company that last month acquired 7 million shares of Trident in return for selected assets held by Micronas, including all of its audio processing product lines of of its consumer division.

In today’s release, Trident said that its board is evaluating the nomination notice from Spencer. “We welcome the views of our stockholders,” said Trident’s chairman Glen Antle in a statement. “(H)owever, to date, Spencer Capital has not communicated with us regarding any concerns they may have.”