Updated from 7:01 a.m. EST

The old saying "Cash is king" is proving itself as relevant ever as business credit and commercial paper lending virtually grind to a halt. We are living in a time when credit is virtually nonexistent for large companies, forcing them to borrow short-term lines of credit at extremely distressed rates. For small and mid-tier companies, the short-term credit outlook is even more grim.

Given the above stresses in the market, it is essential for any company to have ample cash on its balance sheet. That said, here are a few names -- including Trident Microsystems ( TRID) -- to keep an eye on.

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