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

[la-onda]

GIGM: Jumps +2.70%; Vol +50%; Last 90 Min of Trading
Tuesday , July 08, 2008 16:22ET

During the last 90 minutes of today's session, shares of GigaMedia Limited (NasdaqNM: GIGM) demonstrated a strong UPWARD close relative to its 13:30 ET statistics. "Strong Closers" are determined by proprietary Knobias calculations performed during the last segment of each trading day.

sym: GIGM      @13:30 ET        @CLOSE      % CHANGE
----------   -----------   -----------  ------------
PRICE             $12.97        $13.32        +2.70%
VOLUME           936,541     1,407,868       +50.33%
#TRADES            3,793         5,903       +55.63%
DAY-HI            $12.99        $13.45       LATE-HI
DAY-LO            $11.51        $11.51           N/A

[la-onda]

GigaMedia Partners with EA and Tencent in China for NBA STREET Online
Thursday , July 17, 2008 03:54ET

HONG KONG, July 17 /Xinhua-PRNewswire-FirstCall/ -- GigaMedia Limited (Nasdaq: GIGM) announced today that it has secured an exclusive license to offer in China the highly anticipated EA SPORTS(TM) title NBA STREET Online, an exciting new sports game from Electronic Arts Inc. (Nasdaq: ERTS), the world's leading developer and publisher of interactive entertainment.

In addition, GigaMedia and EA have entered into a strategic marketing partnership with Tencent Holdings Limited ("Tencent"), a leading provider of Internet, mobile and telecommunications value-added services in China.

"No one delivers sports action like EA and no one has a larger or more active community than Tencent," stated GigaMedia CEO Arthur Wang. "The partnership of Giga -- the leading online sports game provider -- with EA and Tencent is truly the Dream Team of online games in China."

NBA STREET Online is a real-time, multi-player online version of EA's phenomenally popular NBA games series, featuring fast-paced street basketball action with today's biggest NBA superstars, all in true-to-life detail.

NBA STREET Online addresses a huge fan base in China, which already represents the largest NBA market outside the United States with an estimated 300 million Chinese playing basketball -- making it the favorite sports game among China's youth, according to the NBA. NBA.com / China has rapidly become one of the most popular sports sites in China and NBA is consistently the most searched sports term on Baidu.com, the top search engine in the nation.

"We are honored to partner with EA, the NBA and Tencent to bring the incomparable action, style, and excitement of NBA basketball to China in EA's brilliant new game," stated GigaMedia President Thomas Hui. "For the 300 million basketball players and millions of gamers in China, EA's NBA STREET Online is a monster slam dunk."

"We are very pleased to have top game provider GigaMedia and top Internet company Tencent as our partners for NBA STREET Online in China," said Jon Niermann, President of EA Asia. "Basketball is one of the most popular sports in China and with this powerful partnership, we are confident we have a winning formula for NBA STREET Online in the market."

GigaMedia's leadership in online sports games and entertainment and Tencent's position as China's largest Internet service provider provide this partnership with unprecedented market understanding and resources to launch NBA STREET Online in China and drive strong growth. The partnership will enjoy the unmatched reach of the Tencent community, with over 318 million active user accounts on its QQ instant messaging platform as of March 31, 2008.

"We are pleased to join GigaMedia and EA to promote this exciting, world- class product. We believe this game will provide a wonderful sports gaming experience for our users, complementing the large collection of games we already have on our gaming platform. This is a great example of our effort to explore various partnership models with other successful online game companies in providing the best gaming experience to users on our gaming platform," stated Tencent President Martin Lau.

GigaMedia has exclusive rights to offer NBA STREET Online in China for three years.

[setravis]

AP
GigaMedia climbs as 2Q profit beats analyst views
Tuesday August 12, 1:46 pm ET 
GigaMedia shares rise after 2nd-quarter profit beats analyst expectations


NEW YORK (AP) -- Shares of GigaMedia Ltd. rose Tuesday after the Taiwan-based online gaming and online gaming software company reported second-quarter profit above analyst expectations.
GigaMedia shares climbed $1.11, or 9.5 percent, to $12.80 in afternoon trading. The stock has ranged from $10.16 to $25.42 over the past year.


The company said that for the quarter ending June 30 it earned $11.2 million, or 19 cents per share, compared with $10.1 million, or 17 cents per share, in the year-ago period. Excluding certain items, the company earned 20 cents per share in the latest quarter.

Analysts polled by Thomson Financial expected a profit of 17 cents per share.

GigaMedia's revenue rose 31 percent to $52.5 million from $40.1 million.

The company's overall revenue was bolstered by increased gaming software and service revenue, which rose 26.2 percent to $36.9 million. GigaMedia also reported growth in online game and service revenue.

GigaMedia did not give specific guidance, but predicted revenue from its gaming software business will be a bit lower in the third quarter than in the second quarter due to a seasonal industry slowdown.

For the year, GigaMedia predicted strong gaming software growth.

The company also expects its online games business to report revenue growth in the second half of 2008.

[la-onda]

 GigaMedia Appoints New CFO
Tuesday , August 19, 2008 06:00ET

HONG KONG, Aug. 19 /Xinhua-PRNewswire-FirstCall/ -- GigaMedia Limited (Nasdaq: GIGM) today announced the appointment of Mr. Quincy Tang as the company's new Chief Financial Officer.

Mr. Tang joins GigaMedia from Nasdaq-listed technology leader Vimicro International Corporation where he was Chief Financial Officer.

Mr. Tang brings over 20 years of financial and managerial experience to GigaMedia, having served in a number of leadership positions for Internet, media, technology and public accounting firms, including five years as Finance Director for Hong Kong-listed Internet and media company TOM Group and seven years as an auditor at Deloitte Touche Tohmatsu.

"We are delighted to have attracted a candidate with Quincy's background and level of expertise," stated GigaMedia Limited President Thomas Hui. "With a wealth of knowledge in media, technology, financial analysis and public company compliance, he is exceptionally well qualified to lead GigaMedia."

"I am thrilled to join GigaMedia - an exciting company with a solid management team and unique business model," stated Quincy Tang. "GigaMedia has terrific opportunities to continue growing through expansion and integration of its entertainment platforms, and I look forward to making contributions that will be accretive to shareholders."

The appointment is effective immediately. Mr. Tang succeeds Thomas Hui who has served as interim CFO since his promotion to President and Chief Operating Officer of GigaMedia Limited in August 2007.

Mr. Tang graduated from Hong Kong Polytechnic University with a professional diploma in accountancy and is a fellow member of the Hong Kong Institute of Certified Public Accountants, the Association of Chartered Certified Accountants in the United Kingdom and an associate member of the Hong Kong Institute of Chartered Secretaries.

[la-onda]

any update from your side Rams?

GIGM: ThinkPanmure Sets @ Buy; Sets Tgt @ $18; Analyst Notes
Thursday , August 21, 2008 08:21ET
Issuer: GigaMedia Limited (NasdaqNM: GIGM)
Analyst Firm:  ThinkPanmure
Current Rating: Buy
Target Price: $18.00

&
GigaMedia

Ahrens also likes GigaMedia a Hong Kong-based firm that trades on the Nasdaq.
"This company is the best of both worlds in both online gambling and online video gaming," he said, with the bulk of its revenue coming from Europe, Asia and Canada.
The shares fetch the same low multiple as many online gambling stocks, Ahrens pointed out, but that valuation is undeserved since "it has never operated in the U.S. and has no plans to" -- thus avoiding the legislative risks that torpedoed the sector following the passage of new laws Stateside and some high-profile prosecutions of operators.
The company, he added, also does "great business in non-gambling online gaming, and recently licensed EA Sports NBA game in China, where the NBA is just huge."
Shares of GigaMedia closed Thursday down 20 cents at $11.59. The stock was as high as $25.42 last November and scraped as low as $10.16 in July

Chart:

[la-onda]

good news out:

GIGM: Sale of Legacy Cable and ISP Business; Sees One Time Gain of $8M
Thursday , August 28, 2008 08:32ET

GigaMedia Limited (GIGM) announced the sale of its legacy cable and corporate Internet service provider ("ISP") business, consistent with GigaMedia's focus on the high-margin, high-growth online entertainment sector.

China Network Systems and its affiliates purchased the consumer cable modem and corporate ISP business from GigaMedia for total consideration of as much as $25 million, including approximately $20 million in cash upon closing of the transaction, subject to certain price adjustments, and an additional amount of up to $5 million upon achievement of certain performance benchmarks during the two-year period following the transaction closing.

GigaMedia expects the sale to close shortly, following customary regulatory approvals, and to record a one-time gain of approximately $8 million as a result of the transaction.

[la-onda]

GIGM: Drops -2.00%; Vol +88%; Last 90 Min of Trading
Tuesday , September 09, 2008 16:22ET

During the last 90 minutes of today's session, shares of GigaMedia Limited (NasdaqNM: GIGM) demonstrated a strong DOWNWARD close relative to its 13:30 ET statistics. "Strong Closers" are determined by proprietary Knobias calculations performed during the last segment of each trading day.

sym: GIGM      @13:30 ET        @CLOSE      % CHANGE
----------   -----------   -----------  ------------
PRICE             $10.08         $9.88        -2.00%
VOLUME           301,786       566,851       +87.83%
#TRADES            1,388         2,511       +80.91%
DAY-HI            $10.82        $10.82           N/A
DAY-LO            $10.08         $9.84       LATE-LO

&

GIGM: New 52-Wk Low @ $9.88 dn 8.5%
Tuesday , September 09, 2008 14:10ET

This is the 1st 52 WEEK LOW alert for GIGM in the past 7 calendar days.

The share price for GigaMedia Limited (NASDAQ NM: GIGM) reached a new 52-week low today, trading at $10.130, down $-0.670 (-6.20%) from its previous close of $10.800.

The Company's previous 52-week low of $10.160 was set 68 days ago on July 03, 2008.

One year ago, the Company's shares closed at $15.410. The price has declined more than 34 percent since then.

At the time of this alert, the stock had traded 263,812 shares via 1,197 trades, 45.74% below it's 20day average of 486,160 shares.

This new 52-week low currently puts the stock:

13.32% below its 20day Moving Average of $11.686
15.45% below its 50day Moving Average of $11.982
28.06% below its 100day Moving Average of $14.081

[la-onda]

what a bargain......

GIGM: New 52-Wk Low @ $8.150 dn 7.6%
Tuesday , September 16, 2008 11:06ET

This is the 4th 52 WEEK LOW alert for GIGM in the past 7 calendar days.

The share price for GigaMedia Limited (NASDAQ NM: GIGM) reached a new 52-week low today, trading at $8.150, down $-0.670 (-7.60%) from its previous close of $8.820.

The Company's previous 52-week low of $8.610 was set yesterday on September 15, 2008.

One year ago, the Company's shares closed at $15.240. The price has declined more than 46 percent since then.

At the time of this alert, the stock had traded 307,270 shares via 1,135 trades, 29.30% below it's 20day average of 434,605 shares.

This new 52-week low currently puts the stock:

27.02% below its 20day Moving Average of $11.168
31.09% below its 50day Moving Average of $11.828
41.24% below its 100day Moving Average of $13.870

[la-onda]

is this the bottom? 

[la-onda]

nice candle 

GIGM: Volume Spike; 23% > 20-adsv, Stock +6.48%
Friday , September 19, 2008 11:50ET

This is the 3rd VOLUME alert for GIGM in the past 7 calendar days.

Trading for GigaMedia Limited (NASDAQ NM: GIGM) has been heavier than usual in today's session. By 11:50 ET, the stock had already traded 686,552 shares via 1,677 trades. The cumulative volume is 23.28% above its 20-day average of 556,925. Normally the stock experiences around 2,295 individual trades per session.

So far, today's volume surge has caused a net rise in GIGM's stock price. At the time of this alert, the stock was trading at $8.476, up $0.516 (+6.48%).

One year ago, the Company's shares closed at $16.760. The price has declined more than 49 percent since then.

Over the last 10 trading session GIGM has traded in a range between $6.840 and $11.480 and is currently trading 66.66% below its 52-week high of $25.420 set on November 01,2007 and 23.92% above its 52-week low of $6.840 from September 18,2008.

In the previous 3 sessions, GIGM trading has displayed a mixed trend. Closing results have been as follows:

September 18, 2008 --- closed at $7.960 up $0.210 (+2.71%) on 1,907,600 shares
September 17, 2008 --- closed at $7.750 down $0.960 (-11.02%) on 1,106,300 shares
September 16, 2008 --- closed at $8.710 down $0.110 (-1.25%) on 787,200 shares

[la-onda]

GigaMedia Completes Sale of Legacy ISP Business; Books One-Time Gain
Thursday , September 25, 2008 05:40ET

HONG KONG, Sept. 25 /Xinhua-PRNewswire-FirstCall/ -- GigaMedia Limited (Nasdaq: GIGM) announced today the successful completion of the sale of its legacy cable and corporate Internet service provider ("ISP") business, consistent with GigaMedia's focus on the high-margin, high-growth online entertainment sector.

GigaMedia expects the transaction to be EPS neutral in 2009. For the third quarter of 2008, GigaMedia expects to record a one-time after-tax gain of approximately $8 million as a result of the sale, which will be partially offset by a one-time write-off of certain assets related to the Asian online game business.

GigaMedia will report the results of operations of the ISP business as a discontinued operation for the third quarter of 2008, and retroactively for all previous quarters, in accordance with U.S. GAAP FAS 144.

This disposal of the last remaining ISP business units effectively concludes GigaMedia's strategic restructuring begun after the arrival of a new management team in 2004.

&

GIGM: Short Interest DN 22.9% to 866.8K in Mid Sep 2008
Thursday , September 25, 2008 06:00ET

According to new short interest data from NASDAQ, short interest for GigaMedia Limited (NasdaqNM: GIGM) DECREASED 22.9% to 866,752 shares as reported in mid-September, 2008.
Based on GIGM's 20-day average daily share volume of 646,090, it would require approximately 2 day(s) of buying to cover this short interest.

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Chart:

[setravis]

5-Star Stocks Poised to Pop: GigaMedia

In March, Matt McComb described GigaMedia as a "profitable, cash-flow positive, debt-free company that's both growing and in an attractive industry." Our CAPS All-Star concludes: "High margins, cash is a significant part of its market cap, and online gaming ain't goin anywhere."

The company has a clean balance sheet, plenty of cash in relation to its total liabilities. Also, new U.S. legislation aimed at loosening up restrictions on real money gambling in the U.S, may provide new opportunities for [GigaMedia] to expand. Plus, other gaming companies are looking at [GigaMedia] as a possible acquisition. In addition, the game Luna, appears to be a fantastic game. ... Finally, low P/E compared to sector and earnings that have barely flinched during the economic downturn.

Based on the aggregated intelligence of 130,000-plus investors participating in Motley Fool CAPS, the Fool's free investing community, online gaming company GigaMedia (Nasdaq: GIGM) has earned a coveted five-star ranking.

With that in mind, let's take a closer look at GigaMedia's business, and see what CAPS investors are saying about the stock right now.

[setravis]

Press Release Source: GigaMedia Limited
GigaMedia to Report First-Quarter 2009 Financial Results on June 9
On Friday May 22, 2009, 6:45 am EDT

HONG KONG, May 22 /PRNewswire-Asia-FirstCall/ -- GigaMedia Limited (Nasdaq: GIGM - News) announced today it will report its first-quarter 2009 financial results on Tuesday, June 9, 2009 before the market opens.

Management will hold an investor webcast on June 9, 2009 at 8:00 a.m. Eastern Daylight Time, which is 8:00 p.m. Hong Kong Time on June 9, 2009, to discuss GigaMedia's first-quarter 2009 performance. A link to the live and archived webcast will be available at http://www.gigamedia.com.tw .

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 operator and one of Taiwan's largest online MahJong game sites, and T2CN, a leading online sports game operator in China. More information on GigaMedia can be obtained from http://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 2008.


    For further information contact:

     Brad Miller, Investor Relations Director
     Tel:   +886-2-2656-8016
     Email: [email protected]

[setravis]

Buying opportunity ? 
Biz in Greater China and Taiwan...$1.83 in cash per share with very little debt, reporting June 9th, any potential earnings issues should be priced in already, nice bump to the upside expected.
Let's watch and see which way this breaks...

52wk Range: 2.64 - 17.92
Volume: 499,999
Avg Vol (3m): 649,875
Market Cap: 328.81M
P/E (ttm): 8.20
EPS (ttm): 0.74
Div & Yield: N/A (N/A)

Technicals
Last Price Quote is:
-1.10%below 13-day MA
-2.06%below 50-day MA
RS Rating: 2 

Fundamentals
Earnings Expected on Jun 9

Key Data:
Market Cap (M): $321.16 
P/E Ratio: 10.30 
PEG Ratio: 0.528889 
Next Earnings: 06/09/2009
Last Analyst Rating: Hold

[Michael]

Buying opportunity ?  
Biz in Greater China and Taiwan...$1.83 in cash per share with very little debt, reporting June 9th, any potential earnings issues should be priced in already, nice bump to the upside expected.

It seems to me to be a great buying opportunity  

When the just announced Everest deal goes through they will have around $3.5 in cash per share.

With a POS of $3.23 you basically get their Chinese Online gaming business and 40% of their European gaming business free of charge (The European business alone is valued at $66 million or $1.2 per share based on the deal)

You now have a company that are focused on taking advantage of the Greater Chinese online gaming market and I think that long term this is the right strategic positioning of the company.

The Q3 earnings release was disappointing but I still really like the management and the way they continue to position the company for long term  shareholder value.

The stock is in a sever downtrend but I do think this is a perfect entry point for a long term investor.