GIGM - Sector: Technology---Industry: Multimedia & Graphics Software

[Se7en]

GigaMedia Limited Earnings Conference Call (Q2 2007)
Scheduled to start Tue, Aug 14, 2007, 8:00 am Eastern

http://biz.yahoo.com/cc/3/84163.html

[kpunarc]

GigaMedia Names Thomas Hui President and Chief Operating Officer


TAIPEI, Taiwan, Aug 01, 2007 /Xinhua-PRNewswire-FirstCall via COMTEX/ --
GigaMedia Limited ("GigaMedia" or the "Company") (Nasdaq: GIGM) today announced
the appointment of Thomas Hui as President and Chief Operating Officer of the
Company with immediate effect.

Mr. Hui has served as the Chief Financial Officer of the Company for the past
three years -- and will continue to oversee the Company's financial functions in
an interim capacity until the appointment of his replacement.

"Thomas is a multi-talented leader who has been instrumental in the
transformation and growth of GigaMedia," stated CEO Arthur Wang. "As President,
we are confident Thomas will drive even greater growth in our online
entertainment businesses."

Mr. Hui joined the Company three years ago following a distinguished career at
the global investment bank Goldman Sachs, where he was Executive Director. At
Goldman Sachs, Mr. Hui was responsible for a broad range of mergers and
acquisitions and financing transactions. Prior to Goldman Sachs, Mr. Hui worked
as an investment banker at Merrill Lynch and as a management consultant at
McKinsey & Company, both in Hong Kong.

"The President and COO positions are newly created, strengthening the senior
management at GigaMedia, enabling us to further exploit the enormous market
opportunities before us," explained CEO Arthur Wang.

About GigaMedia

GigaMedia Limited (Singapore registration number: 199905474H) is a major
provider of online entertainment software and services. GigaMedia develops and
licenses software for online gaming. GigaMedia also operates online games
businesses including FunTown, a leading Asian casual games portal in Taiwan and
the world's largest online MahJong game site in terms of revenue, and T2CN, a
leading online casual sports game operator in China. More information on
GigaMedia can be obtained from www.gigamedia.com.tw .

The statements included above and elsewhere in this press release that are not
historical in nature are "forward-looking statements" within the meaning of the
"safe harbor" provisions of the Private Securities Litigation Reform Act of
1995. GigaMedia cautions readers that forward-looking statements are based on
the Company's current expectations and involve a number of risks and
uncertainties. Actual results may differ materially from those contained in such
forward-looking statements. Information as to certain factors that could cause
actual results to vary can be found in GigaMedia's Annual Report on Form 20-F
filed with the United States Securities and Exchange Commission in June 2007.

    For further information contact:
     Brad Miller
     Investor Relations Director
     Tel:  +886-2-3518-1107
     Email: [email protected]

SOURCE GigaMedia Limited

CONTACT:          Brad Miller of GIGM, +886-2-3518-1107, [email protected]

URL:              http://www.gigamedia.com.tw
                  http://www.prnewswire.com

www.prnewswire.com

Copyright (C) 2007 PR Newswire. All rights reserved

[nicknite20]

Hi David,
Havent been posting for a while..but have been following ur msgs on a daily basis..past few days have been painful..especially with this crazy action on GIGM. Fortunately ive had some spare cash and have almost doubled my position this week. Hopefully we see a run up into the earnings..
Nick

[tokyopua]

Hi David,
Havent been posting for a while..but have been following ur msgs on a daily basis..past few days have been painful..especially with this crazy action on GIGM. Fortunately ive had some spare cash and have almost doubled my position this week. Hopefully we see a run up into the earnings..
Nick

Might have to get some more shares myself, I got in at 13.2 and yeah, its been a bit tough, but I agree with David's comments.  I am also impressed at the pedigree of the COO they brought in, an Executive Director from Goldman Sachs, that speaks volumes to me.

[jorgegr]

I'm now selling ACH and buying NVTL & some more GIGM.

[nicknite20]

Tokyo..im sure ur aware that Hui was previously the CFO..he's been with the co. for a while..

[tokyopua]

Tokyo..im sure ur aware that Hui was previously the CFO..he's been with the co. for a while..

Actually, didnt know that, thanks!  Bad TokyoPUA (must do more DD)!

[setravis]

Time to go long 
Great stock...beaten down...top small cap growth.
If earnings improve as expected, it should be a good entry point.


Technicals
Last Price Quote is:
-8.87%below 13-day MA
-19.24%below 50-day MA
RS Rating: 1 

Fundamentals
Earnings Expected on Aug 14

Key Data:
Market Cap (M): $551.59 
P/E Ratio: 17.76 
PEG Ratio: 0.4025 
Next Earnings: 08/14/2007
Last Analyst Rating: Buy

Friday's closing chart.......

[David Randolph]

I guess what's happening with GIGM is a multiple contraction. The stock is trading at 19.5 times 2006 EPS (but this EPS has some extraordinary income, so the trailing multiple is even higher), and that doesn't look cheap when one considers stock market history.

However, I expect GIGM to keep on growing very fast, since its business is totally independent of the economic cycle (unless the cycle is extremely severe, but I don't think that's going to be the case), in my view.

GIGM is now trading at 11.5 times the average 2008 EPS estimate of $0.86, but I think that, because of the company's pipeline of new services and products, there's a strong possibility of EPS being $1 or even more.

I'll keep holding GIGM for the long term, despite the short term adversity.

[tokyopua]

Man, GIGM getting taken to the cleaners yet again today.  $9 should act as a rough support from the long term chart, but I do have to wonder what is going on.

[mitchjas]

Time to go long 
Great stock...beaten down...top small cap growth.
If earnings improve as expected, it should be a good entry point.

Went long this morning at average 9.2.  I think we're at the high volume sell off which may denote the bottom.  RSI hasn't been this low ever I think.  If this can close near the open or even slightly below it would leave a nice long tail.  That with the high volume looks nice on a chart after the long sell off from it's high's recently.  If we get the "kangaroo" tail, AND tomorrow closes higher with strong volume, then I think we could be in for a nice bounce at least.  But keep in mind earnings are next Tuesday.

It was looking good until about 1:00 pm eastern time but now its selling off again.  We'll see where it closes. 

Jason

[la-onda]

fyi:
Casual Game Portal FunTown Stops Operation in China
Tue, Aug 7, 2007 Games

Casual game portal Funtown announced that it will stop its operation in mainland China starting from Aug 23. Formerly part of Acer Group, the Taiwan based casual game portal was acquired by Gigamedia (NASDAQ:GIGM) in 2006. Funtown China was launched in 2005 and currently offers 7 casual games including cards, pool and mahjong. Redline China believes the closing of FunTown China indicates the fierce competition in the casual games business, especially from competitors such as Tencent and Lianzhong, who benefit from a large variety of game offerings and an established player base.

http://www.redlinechina.com/main/?q=node/305

but

Key word was "mainland"

Hong Kong operations still active!

HK is 81.1% of FT traffic.

link:
http://www.alexa.com/data/details/traffic_details?url=funtown.com.hk


I have written an mail to IR for clarification! 
chart looks very bad 
cheers
Oliver

(Michael, any comment from your side?)

[jorgegr]

Is everybody aware of this news:

http://www.redlinechina.com/main/?q=node/305


Casual Game Portal FunTown Stops Operation in China
Tue, Aug 7, 2007 Games
Casual game portal Funtown announced that it will stop its operation in mainland China starting from Aug 23. Formerly part of Acer Group, the Taiwan based casual game portal was acquired by Gigamedia (NASDAQ:GIGM) in 2006. Funtown China was launched in 2005 and currently offers 7 casual games including cards, pool and mahjong. Redline China believes the closing of FunTown China indicates the fierce competition in the casual games business, especially from competitors such as Tencent and Lianzhong, who benefit from a large variety of game offerings and an established

[nexta]

I am out, but there is only small part of GIGM bussines in CHina FT , so it should be manipulation only to push shares much down:

Founded in 1998 by the Acer computer company, FunTown is based in Greater China, with offices in Shanghai, Hong Kong and Taiwan. Have some fun at FunTown China (www.funtown.com.cn), FunTown Hong Kong (www.funtown.com.hk) and FunTown Taiwan (www.funtown.com.tw).

http://casualgames.web-log.nl/casualgame...

Funtown.com.hk users come from these countries:
Hong Kong81.1%Macao16.8%Taiwan0.8%China0.7%Malaysia0.2%
More...
Hong Kong81.1%Macao16.8%Taiwan0.8%China0.7%Malaysia0.2%Canad a0.1%United States0.1%Other countries0.3%
Less...

[Houlahan]

Thanks for posting. It helps to explain the spiral down.