GigaMedia Limited (GIGM)

[ScovilleUnits]

GIGM..Q4 EPS ($1.01) vs (15c) EPS -573% Y/Y

Thursday , March 22, 2012 18:39ET

QUARTER RESULTS
GigaMedia Limited (GIGM) reported Q4 results ended December 2011. Q4 Revenues were $7.40M; -16.85% vs yr-ago. Q4 EPS was ($1.01); -573.33% vs yr-ago.

Q4 RESULTS      Reported      Year-Ago     Y/Y Chg      Estimate    SURPRISE 
 ----------  ------------  ------------  ----------  ------------  ---------- 
 Revenues:         $7.40M        $8.90M     -16.85%           N/A         N/A 
 ----------  ------------  ------------  ----------  ------------  ---------- 
 EPS:             ($1.01)         (15c)    -573.33%           N/A         N/A 
 ----------  ------------  ------------  ----------  ------------  ----------

YEAR-END RESULTS
Co. also reported Year-End results ended December 2011. FY Revenues were $34.40M; -46.83% vs yr-ago. FY EPS was ($1.32); -3,400.00% vs yr-ago.

FY RESULTS      Reported      Year-Ago     Y/Y Chg      Estimate    SURPRISE 
 ----------  ------------  ------------  ----------  ------------  ---------- 
 Revenues:        $34.40M       $64.70M     -46.83%           N/A         N/A 
 ----------  ------------  ------------  ----------  ------------  ---------- 
 EPS:             ($1.32)            4c  -3,400.00%           N/A         N/A 
 ----------  ------------  ------------  ----------  ------------  ----------

ORIGINAL EARNINGS RELEASE: http://www.knobias.com/story.htm?eid=3.1.83353a6bc28eb4c41c7d9561be5aa40c4025b0ed6d612465ac17e5f2d41b0b03
Consensus estimate data provided by Reuters.
Visit Knobias.com for more indepth earnings information.

[beach_trades]

XL lowers the curtain on ArcheAge CBT4, releases stats

by Jef Reahard on Mar 12th 2012 10:30AM

ArcheAge's fourth Korean closed beta test is officially in the books, and XLGAMES has released a few noteworthy numbers from the three-month event. The test began on December 8th (that's a whopping 95 days ago if you're counting at home) and saw the creation of 173 guilds, the building of 3,400 houses, and the planting of 2,200,000 trees.

Players also bought (and sold) 130,000 livestock, 750,000 pine trees, and 660,000 strawberries, according to Korean news site ThisIsGame. CBT4 featured over 40 patches that introduced several new systems to the ArcheAge client, among them siege warfare, the family system, the pirate system, and aquaculture.

"We deeply appreciate the testers who participated [in] the long test of [an] incomplete game," said XL's Yong-Gon Kim. "Later schedule[s] [will] be announced as soon as we finish reviewing the test." Western fans are hoping these upcoming announcements will include some sort of English-speaking beta but thus far XL has been silent on the matter

Gigamedia has a strategic partnership with and investment in hot game development studio XLGames Inc. ("XLGames").

XL Games is founded by gaming legend Jake Song, renowned as the creator
of The Kingdom of the Winds -- one of the world's first MMORPGs, and
Lineage -- the most popular online game franchise in history. The company enjoys a senior management team with deep industry experience and outstanding talent, and plans to develop games that will define leadership of the next generation of online games.

"Jake Song and his team are superstars -- some of the world's greatest game developers," stated GigaMedia President Thomas Hui. "We are thrilled to partner with such a tremendously talented team and look forward to working closely with them on their new MMORPG, which should rock the world."

"GigaMedia is an unrivaled gateway to Asia -- a great partner and platform for us to showcase world-class, epic entertainment," stated Chief Executive Officer Jake Song of XLGames. "With GigaMedia's game expertise and huge pan- Asian platform, we look forward to a highly successful partnership."

The partnership strengthened GigaMedia's rapidly growing pan-Asian
entertainment platform, a one-stop solution for game developers and
entertainment providers addressing over 68 million registered users in the region's huge and lucrative market.

[Bob22701]

GIGM - Finviz info:



Link

GLTA
Bob

[Bob22701]

GIGM - GigaMedia to Report Fourth-Quarter and Full-Year 2011 Financial Results on March 22

News Link

GLTA
Bob

[Kipperdo]

yup, i'm stilling holding some of those 1.27 shares, so if it does hold will look to add to current position.

[beach_trades]

KIP-Im watching too see if gigm holds 20 day--bounced today--if it does again Im adding as march should be update of new business plan and what the will do with about 1.70 cash/share on hand

[Kipperdo]

i'm still in with a small position, may look to add prior to end of month...thanks cj

[beach_trades]

GigaMedia Survives VIE Turmoil: 2012 Is Looking Up

by: Dutch Trader February 21, 2012

In my article of June 3, 2011 called GigaMedia Will Survive Current VIE Turmoil I discussed the time bomb of Variable Interest Entities. Many foreign companies frequently use VIEs to operate in China. A VIE is an entity that is not owned by the public company, but is allowed to be consolidated in the financial statements because it is controlled through agreements.

GigaMedia (GIGM) had those agreements with T2CN, which almost ruined the company. For the details I recommend reading the article noted above.

A lot of positive things have happened and many things have still to be done.

In December 2011 GigaMedia announced the sale of its problematic subsidiary T2CN for a cash payment of $4,738,588. In connection with the sale of its ownership interest in T2CN, GigaMedia has entered into a settlement agreement to resolve all of its civil legal disputes with the former head of its Asian online game and service business in China and former Chief Executive Officer of T2CN, Wang Ji. On December 14, 2011, the settlement agreement was finalized. As a result of the settlement agreement, each civil action has been or will be withdrawn or dismissed. A relief for GigaMedia at the end of last year.

This year began with an announcement on January 2 that its Chinaonline games platform Jidi Joy acquired a specialized Web-based social games development team in Shanghai and expects to roll out the first of its new proprietary social network games in March 2012 .

"We are making rapid progress in China , positioning ourselves to benefit from two powerful market forces in online games: the ongoing shift into Web and mobile platforms and the continued strong popularity and growth of social games," stated Jidi Joy Chief Executive Officer John Huen . "Web-based and social games are projected by industry analysts to grow at up to triple-digit rates in China - faster than traditional client-based or PC games."

The best news came in the same week with the announcement of John Stringer as new CEO. John is a veteran technology executive with 25 years of senior leadership experience and an exceptional track record of driving strong growth and profitability in companies such as Wyse Technology and Network Associates. And because GigaMedia regained compliance with NASDAQ's minimum bid price listing requirements this month, a reverse split is also not necessary anymore.

In a press release on February 10, Mr. Stringer gave some insight into his strategy. The company's turnaround plans are based on an explicit decision-making framework with clear objectives: Effectively managing cash, maintaining the company's listing on NASDAQ, and executing a new strategic growth plan.

Additional details on new management's turnaround plans will be presented in the second half of March.

Friday's news was also quite positive. GigaMedia announced that it is seeking to sell some of the company's assets in the first half of 2012. The planned disposals are intended to free up approximately US$30-US$40 million for investment in new strategic growth initiatives.

Final note
As you can see, the company is still in a turnaround situation which will take another year to seed. Every weak moment in the stock price is, in my opinion, a great entry point. I am convinced that John Stringer is the right man in the right place at the right time.

[PoemStone]

Followed the chatter. B'marked.

[Bob22701]

NP ScovilleUnits,

GL on your interest in GIGM!

GLTA
Bob

[ScovilleUnits]

FYI Bob22701, post #413 deleted upon my request.

I misunderstood your PM last night. I submitted a request to Admins this morning asking that it be removed. Sorry for the misunderstanding.

GLTY
Scov

[ScovilleUnits]

GigaMedia: Divestment Plans Underway

http://ih.advfn.com/p.php?pid=nmona&article=51254903

Date : 02/17/2012 @ 8:30PM

GigaMedia Limited (NASDAQ: GIGM) ("GigaMedia") today announced that new management is seeking to sell certain of the company's assets in the first half of 2012. The planned disposals are intended to free up approximately US$30-US$40 million for investment in new strategic growth initiatives, in line with GigaMedia's turnaround plans.

The company's turnaround plans, driven by CEO John Stringer, are based on an explicit decision-making framework with clear objectives: effectively managing cash, maintaining the company's listing on NASDAQ, and executing a new strategic growth plan.

Part of efforts to better manage cash and increase focus, new Giga's disposal and asset optimization program targets investments made in certain game studios in Asia, as well as underperforming assets. Multiple publicly-listed game studios in GigaMedia's investment portfolio have grown in value. While past results are not a guarantee of future performance of these investments, based on current market values of GigaMedia's shareholdings management believes it has a reasonable expectation of generating cash proceeds of approximately US$30-US$40 million exclusively from sales of its interests in these publicly-listed game studios.

Additional details on new management's turnaround plans will be provided going forward, including on GigaMedia's fourth-quarter conference call, anticipated in the second half of March.

GLTA,
Scov

[Bob22701]

GIGM - GigaMedia Updates Fourth-Quarter 2011 Guidance

News Link

GLTA
Bob

[Bob22701]

GIGM - GigaMedia: Turnaround Making Progress

News Link

GLTA
Bob

[ScovilleUnits]

GIGM achieves $1.00 minimum bid compliance w/NASDAQ

Thinking a NASDAQ public notice of achieving compliance with the Minimum Bid Price Rule is pending?

Days	   Date 	Open	High	Low	Close	Volume	    Adj.Close 
 							 
 10	 2012/02/08	 1.42	 1.42	 1.14	 1.20	 632,132	 1.20 
 9	 2012/02/07	 1.43	 1.43	 1.31	 1.36	 368,659	 1.36 
 8	 2012/02/06	 1.49	 1.49	 1.36	 1.40	 256,764	 1.40 
 7	 2012/02/03	 1.49	 1.49	 1.36	 1.49	 919,623	 1.49 
 6	 2012/02/02	 1.22	 1.36	 1.21	 1.34	 587,332	 1.34 
 5	 2012/02/01	 1.14	 1.20	 1.12	 1.19	 262,762	 1.19 
 4	 2012/01/31	 1.08	 1.11	 1.07	 1.11	 190,912	 1.11 
 3	 2012/01/30	 1.02	 1.06	 1.02	 1.05	 89,481	 1.05 
 2	 2012/01/27	 1.01	 1.03	 1.00	 1.01	 313,175	 1.01 
 1	 2012/01/26	 1.00	 1.02	 0.98	 1.00	 263,688	 1.00 
 	 2012/01/25	 0.98	 1.00	 0.97	 0.98	 57,034	 0.98 
 	 2012/01/24	 0.96	 0.99	 0.96	 0.97	 26,929	 0.97 
 	 2012/01/23	 0.95	 0.98	 0.95	 0.97	 100,154	 0.97 
  

[Bob22701]

GIGM - 2 Month Candle:



GLTA
Bob

[RACKnRICKY]

this thing up 18 of 20 days

[RACKnRICKY]

gigm the next netease type run???

[ScovilleUnits]

NASDAQ $1.00 10-day minimum bid compliant EOD Feb8?

Days       Date    	Open	High	Low	Close	Volume  	Adj.Close 
 							 
 10	 2012/02/08						 
 9	 2012/02/07						 
 8	 2012/02/06						 
 7	 2012/02/03						 
 6	 2012/02/02						 
 5	 2012/02/01	 1.14	 1.20	 1.12	 1.19	 262,762	 1.19 
 4	 2012/01/31	 1.08	 1.11	 1.07	 1.11	 190,912	 1.11 
 3	 2012/01/30	 1.02	 1.06	 1.02	 1.05	 89,481	 1.05 
 2	 2012/01/27	 1.01	 1.03	 1.00	 1.01	 313,175	 1.01 
 1	 2012/01/26	 1.00	 1.02	 0.98	 1.00	 263,688	 1.00

[Bob22701]

GIGM - Chart:



GLTA
Bob

[Bob22701]

GIGM - GigaMedia: New CFO Dirk Chen

News Link

GLTA
Bob

[Bob22701]

GIGM - 5 year price chart:



GLTA
Bob

[beach_trades]

Watch out for a run IMO off Facebook with GIGM'S social media side

[Bob22701]

GIGM - Info:



GLTA
Bob

[beach_trades]

We are creeping up daily low volume

love it

http://stockcharts.com/h-sc/ui?s=gigm

50 day curling a bit--has flattened

[Bob22701]

GIGM - My apologies! This is late:

GigaMedia Appoints New CEO
Now - Close-Up Media via Comtex
GigaMedia Limited announced that its board of directors has elected John Stringer as its new CEO upon the departure of Yichin Lee, who has resigned as an officer and a director to return to his own professional services business.

Stringer is a veteran technology executive with 25 years of senior leadership experience and an exceptional track record of driving strong growth and profitability in top global companies.

Stringer led Taiwan-based Wyse Technology from 1998 to 2006 in different key roles, including president, chief executive officer and chairman. During that period, he headed its US$1.2 billion IPO in Taiwan, repositioned the business and established the company as a world-leading computer firm, driving revenues from US$5 million to US$200 million and capturing 45 percent global market share. Prior to turning around Wyse, Stringer served as executive vice president and general manager of Network Associates, Inc. -- now McAfee, Inc., the world leader in network security and services known for its McAfee anti-virus suite -- and senior vice president of Network General Corp. During his tenure, he spearheaded post-merger integration and drove combined annual revenues to over US$600 million.

Stringer was also recently president of the board of ACG Silicon Valley, a forum designed to build valuable business relationships among senior level technology industry executives who are involved in mergers and acquisitions, corporate growth and corporate development. He is currently chairman of the board of Instant Mobile Solutions, Inc., a mobile services platform.

Stringer's appointment as CEO and a director is effective immediately; he is now in position at GigaMedia's Taipei headquarters meeting with employees and partners.

"We are thrilled to have John take the helm of GigaMedia," said GigaMedia Chairman Michael Ding. "He has a wealth of experience in revitalizing technology firms, developing new strategies and launching new products. He is a dynamic, insightful leader renowned for driving successful turnarounds and growth."

"The new Giga begins today," said John Stringer. "We start with talented employees and strong positions in the online games industry that we can strengthen and build upon. I look forward to creating new opportunities for our customers, partners, and employees, and am confident the new Giga will deliver new value for our shareholders."

GigaMedia Limited is a provider of online entertainment software and services.

More Information:

www.gigamedia.com

((Comments on this story may be sent to [e-mail]))

GLTA
Bob

[Bob22701]

GIGM - 6-K from today:

6-K Link

GLTA
Bob

[Bob22701]

GIGM - News is out:

News Link

GLTA
Bob

[beach_trades]

We are so under radar Bob

Once it break 50 day and hold we are off

I am accumulating here

50 day at 86-87

[Bob22701]

GIGM - Interesting day today.

How much interest will the PR from yesterday bring with so many eyes on gaming companies?

GLTA
Bob

[Bob22701]

GIGM - GigaMedia: Strengthened China Operations to Begin Game Testing in March

News Link

GLTA
Bob

[Bob22701]

GIGM - News page on IHUB with many links:

GIGM

GLTA
Bob

[Bob22701]

GIGM - 2010 Annual Report:

2010 Annual Report Link

GLTA
Bob

[Bob22701]

GIGM - SEC Filings:

SEC Filings Link

GLTA
Bob

[Bob22701]

GIGM - News from Dec. 14th:

GigaMedia Announces Sale of T2CN

All T2CN Civil Litigation Resolved

TAIPEI, Taiwan, December 14, 2011 – GigaMedia Limited (NASDAQ: GIGM) ("GigaMedia") announced today that it has sold all of its ownership interest in T2CN Holding Limited ("T2CN") to Hornfull Limited; all outstanding civil litigation has been resolved related to disputes involving GigaMedia and T2CN and T2CN's operating subsidiaries.

Sale of T2CN

On December 2, 2011, GigaMedia China Limited, Hornfull Limited, and Hangzhou NewMargin Ventures Co. Ltd. ("Hangzhou NewMargin") entered into an agreement whereby GigaMedia agreed to sell all of its ownership interest in T2CN to Hornfull Limited and Hangzhou NewMargin agreed to guarantee the payment and performance of Hornfull Limited under the agreement. On December 14, 2011, the parties completed the sale and purchase of the T2CN shares. Pursuant to the parties' agreement, GigaMedia China Limited sold all of its 43,633,681 shares of T2CN, comprising a 67.087% interest in the company, to Hornfull Limited for a cash payment of US$4,738,588. Hornfull Limited also compensated GigaMedia China Limited US$789,765 in cash for legal fees incurred by GigaMedia in connection with the T2CN disputes.

Hornfull Limited and Hangzhou NewMargin are private companies incorporated in the British Virgin Islands and the People's Republic of China (the "PRC"), respectively.

After extensive deliberation and consultation with its valuation expert, PricewaterhouseCoopers Financial Advisory Services Co., Ltd., and outside legal counsels, Skadden, Arps, Slate, Meagher & Flom, Allen & Gledhill LLP, Advocates & Solicitors, and King & Wood, GigaMedia's board of directors concluded that the sale of GigaMedia's ownership interest in T2CN to Hornfull Limited was in the best interest of GigaMedia's shareholders.

Settlement of civil litigation between GigaMedia and Wang Ji

In connection with the sale of its ownership interest in T2CN, GigaMedia has entered into a settlement agreement to resolve all of its civil legal disputes with the former head of its Asian online game and service business in the PRC and former Chief Executive Officer of T2CN, Wang Ji. As described in GigaMedia's 2010 Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission ("2010 Form 20-F"), disputes arose between GigaMedia and Wang Ji in July 2010. As a result, several lawsuits involving T2CN, its two wholly-owned subsidiaries in the PRC, T2CN Information Technology (Shanghai) Co., Ltd. ("T2 Technology") and J-Town Information (Shanghai) Co., Ltd. ("J-Town"), as well as certain of T2CN's operating entities, including Shanghai T2 Entertainment Co., Ltd. ("T2 Entertainment"), were filed in various jurisdictions.

On December 2, 2011, GigaMedia, GigaMedia China Limited, T2CN, T2 Entertainment, T2 Technology, J-Town, T2CN Information Technology (Beijing) Co., Ltd. ("T2 Beijing"), Shanghai T2 Advertisement Co., Ltd. ("T2 Advertisement"), Shanghai Jinyou Network & Technology Co., Ltd. ("Jinyou"), Pemberley Pte Ltd. ("Pemberley"), Wang Ji, Chiang Hsiang Jen, Lu Ning, and Ji Min entered into a settlement agreement to resolve all civil litigation related to T2CN and its operating entities. The settlement agreement does not resolve any criminal proceedings. On December 14, 2011, the settlement agreement was finalized. As a result of the settlement agreement, each civil action has been or will be withdrawn or dismissed.

The settlement agreement resolved the parties' claims in all civil litigation in the PRC, Singapore, the United States, the British Virgin Islands, and Hong Kong. In particular, the agreement resolved all civil litigation listed in Item 8 under the heading "Dispute with the former head of Our Asian online game and service business in the PRC and former Chief Executive Officer of T2CN (‘Wang Ji')" in GigaMedia's 2010 Form 20-F as well as subsequent related civil litigation by or against the parties to the settlement agreement.

Several parties, including the parties to the settlement agreement, have also entered into a waiver and mutual release in which all parties waived all present and future claims, known and unknown, in connection with T2CN and T2CN's operating entities.

GLTA
Bob

[Bob22701]

GIGM - Charts:

Link to Charts

GLTA
Bob

[beach_trades]

http://www.benzinga.com/trading-ideas/long-ideas/11/12/2230116/christmas-gift-for-internet-gaming-industry

[beach_trades]

Book Value 4$

Balance Sheet
Total Cash (mrq): 52.64M
Total Cash Per Share (mrq): 0.99
Total Debt (mrq): 12.68M
Total Debt/Equity (mrq): 6.28
Current Ratio (mrq): 1.93
Book Value Per Share (mrq): 3.82

Stock has been waiting years for legalization of online gambling

http://finance.yahoo.com/news/gambling-gets-boost-obama-administration-223603723.html

I know this stock well
http://www.pokerpulse.com/aboutGIGM.php

GIGM also has 5 million more in cash not calculated
http://finance.yahoo.com/news/GigaMedia-Announces-Sale-T2CN-prnews-2094254756.html?x=0

[lady glueck]

nice! and climbing^^

[beach_trades]

Obama OK's online gambling in states


EmailPrint
By TIM MAK | 12/26/11 9:19 AM EST

Merry Christmas to the online gambling industry.

The Obama administration has cleared the way for states to legalize online poker and other forms of virtual gambling with the release of a new interpretation of the law, reports the Associated Press.

The Justice Department opinion, dated September but only released Friday, holds that the Wire Act of 1961 does not make it illegal for states to use the internet to sell lottery tickets to adults.

Previously, the Justice Department has held that wagers through telecommunications that cross state lines or international borders were illegal.

The question at issue in the Justice Department’s decision was confined to whether states like Illinois and New York could sell lottery tickets online to in-state adults, but the principles behind the DoJ’s decision has wide-ranging effects throughout the industry.

The Justice Department said that the “ordinary meaning of the phrase ‘sporting event or contest’ does not encompass lotteries,” which sparks a precedent in interpretation that could free up states to legalize other forms of virtual gambling.

“The United States Department of Justice has given the online gaming community a big, big present,” said I. Nelson Rose, a gaming law expert who consults for governments and the industry, according to the AP



Read more: http://www.politico.com/news/stories/1211/70857.html#ixzz1hg598B3X

[ScovilleUnits]

GigaMedia Announces Resignation of President and Chief Operating Officer

Tuesday , November 08, 2011 03:30ET

TAIPEI, Taiwan, Nov. 8, 2011 /PRNewswire-Asia/ -- GigaMedia Limited (NASDAQ: GIGM) announced today that President and Chief Operating Officer Thomas Hui has tendered his resignation; his term of office will end on December 31, 2011. The company also announced that Mr. Hui has resigned from GigaMedia's board, effective immediately.

Mr. Hui intends to devote more time to his personal interests and to charitable projects.

Mr. Hui's duties will be assumed by senior officers of GigaMedia who will begin working closely with Mr. Hui to ensure that a smooth transition occurs.

"Thomas has had an enormous influence on GigaMedia, making strong contributions to the strategy and growth of GigaMedia for three quarters of a decade," stated GigaMedia Chief Executive Officer Yichin Lee. "His passion for building high-performing teams will have a lasting impact on GigaMedia, and on behalf of the company I would like to thank him for his invaluable service. We wish him the best in his future."

"On behalf of the whole board, I would like to thank Thomas for his service and dedication in the past seven years," stated GigaMedia Chairman Michael Ding. "Thomas leaves GigaMedia with great financial resources to further develop our business, and we look forward to delivering a new era of growth and creating new value for our shareholders."

Mr. Hui joined GigaMedia as Chief Financial Officer in August 2004 and became President and Chief Operating Officer in August 2007.

About GigaMedia

GigaMedia Limited (Singapore registration number: 199905474H) is a major provider of online entertainment software and services. Through its subsidiaries, GigaMedia develops and operates a suite of online games in Asia, covering all regions of Greater China and Southeast Asia. More information on GigaMedia can be obtained from www.gigamedia.com.

[beach_trades]

BuyBack?

[ScovilleUnits]

3/26/2012 to regain compliance…$1.00/share ten consecutive days.

GigaMedia Receives Nasdaq Notification of Non-Compliance with Minimum Bid Price Rule

Friday , September 30, 2011 20:00ET

TAIPEI, Taiwan, Sept. 30, 2011 /PRNewswire-Asia-FirstCall/ -- GigaMedia Limited (NASDAQ: GIGM) announced today that on September 29, 2011 it received a letter from The Nasdaq Stock Market stating that for the previous 30 consecutive business days, the bid price of the company's common stock closed below the minimum $1.00 per share requirement for continued inclusion on the Nasdaq Global Market pursuant to Nasdaq Marketplace Rule 5450(a)(1) (the "Minimum Bid Price Rule"). The Nasdaq letter has no immediate effect on the listing of the company's common stock.

In accordance with Nasdaq Marketplace Rule 5810(c)(3)(A), GigaMedia has been provided a grace period of 180 calendar days, or until March 26, 2012, to regain compliance by maintaining a closing bid price of at least $1.00 per share for a minimum of ten consecutive business days. If at any time before March 26, 2012, the bid price of the company's common stock closes at $1.00 per share or more for a minimum of ten consecutive business days, Nasdaq will notify the company that it has achieved compliance with the Minimum Bid Price Rule.

If the company does not regain compliance with the Minimum Bid Price Rule by March 26, 2012, Nasdaq will notify the company that its common stock will be delisted from The Nasdaq Global Market. In the event the company receives notice that its common stock is being delisted from The Nasdaq Global Market, Nasdaq rules permit the company to appeal any delisting determination by the Nasdaq staff to a Nasdaq Hearings Panel. Alternatively, Nasdaq may permit the company to transfer its common stock to The Nasdaq Capital Market if it satisfies the requirements for initial inclusion set forth in Marketplace Rule 5505, except for the bid price requirement. If its application for transfer is approved, the company would have an additional 180 calendar days to comply with the Minimum Bid Price Rule in order to remain on The Nasdaq Capital Market.

The company intends to actively monitor the closing bid price of its common stock between now and March 26, 2012 and will evaluate available options to resolve the deficiency and regain compliance with the Minimum Bid Price Rule.

[ScovilleUnits]

NASDAQ's $1.00/30-day deficiency notice starts today?

Days	Date 	Open	High	Low	Close	Volume	Adj.Close 
 							 
 30	9/27/2011	 0.88	 0.92	 0.87	 0.92	 346,512	 0.92 
 29	 2011/09/26	 0.88	 0.90	 0.87	 0.87	 241,263	 0.87 
 28	 2011/09/23	 0.89	 0.90	 0.89	 0.89	 314,228	 0.89 
 27	 2011/09/22	 0.90	 0.90	 0.87	 0.88	 468,890	 0.88 
 26	 2011/09/21	 0.93	 0.97	 0.90	 0.90	 297,436	 0.90 
 25	 2011/09/20	 0.89	 0.95	 0.87	 0.93	 457,072	 0.93 
 24	 2011/09/19	 0.83	 0.90	 0.83	 0.89	 479,701	 0.89 
 23	 2011/09/16	 0.86	 0.86	 0.83	 0.83	 300,947	 0.83 
 22	 2011/09/15	 0.80	 0.87	 0.80	 0.87	 464,357	 0.87 
 21	 2011/09/14	 0.80	 0.82	 0.80	 0.80	 320,773	 0.80 
 20	 2011/09/13	 0.81	 0.81	 0.80	 0.80	 349,250	 0.80 
 19	 2011/09/12	 0.82	 0.83	 0.82	 0.82	 294,220	 0.82 
 18	 2011/09/09	 0.83	 0.84	 0.82	 0.83	 260,007	 0.83 
 17	 2011/09/08	 0.84	 0.85	 0.82	 0.84	 394,800	 0.84 
 16	 2011/09/07	 0.86	 0.86	 0.84	 0.84	 513,420	 0.84 
 15	 2011/09/06	 0.85	 0.87	 0.85	 0.86	 313,236	 0.86 
 14	 2011/09/05	 0.86	 0.88	 0.86	 0.88	 235,334	 0.88 
 13	 2011/09/02	 0.86	 0.88	 0.81	 0.88	 235,334	 0.88 
 12	 2011/09/01	 0.91	 0.91	 0.86	 0.86	 378,422	 0.86 
 11	 2011/08/31	 0.88	 0.90	 0.87	 0.90	 262,659	 0.90 
 10	 2011/08/30	 0.87	 0.93	 0.87	 0.88	 383,613	 0.88 
 9	 2011/08/29	 0.88	 0.89	 0.87	 0.88	 284,883	 0.88 
 8	 2011/08/26	 0.88	 0.89	 0.86	 0.88	 233,806	 0.88 
 7	 2011/08/25	 0.93	 0.93	 0.86	 0.89	 393,634	 0.89 
 6	 2011/08/24	 0.94	 0.94	 0.92	 0.92	 99,899	 0.92 
 5	 2011/08/23	 0.92	 0.95	 0.91	 0.95	 144,909	 0.95 
 4	 2011/08/22	 0.94	 0.94	 0.92	 0.92	 272,334	 0.92 
 3	 2011/08/19	 0.92	 0.97	 0.91	 0.93	 201,746	 0.93 
 2	 2011/08/18	 0.95	 0.97	 0.94	 0.94	 175,611	 0.94 
 1	 2011/08/17	 0.99	 1.01	 0.95	 0.97	 156,326	 0.97 
 	 2011/08/16	 1.05	 1.05	 0.96	 1.00	 195,912	 1.00 
 	 2011/08/15	 0.98	 1.04	 0.96	 1.04	 165,683	 1.04

[ScovilleUnits]

Can GIGM close at/above $1.00 by EOD 9/27?

Recent activity indicates that something seems to want it to.

Days	Date 	Open	High	Low	Close	Volume	Adj.Close 
 							 
 30	 2011/09/27						 
 29	 2011/09/26						 
 28	 2011/09/23						 
 27	 2011/09/22						 
 26	 2011/09/21						 
 25	 2011/09/20	 0.89	 0.95	 0.87	 0.93	 457,072	 0.93 
 24	 2011/09/19	 0.83	 0.90	 0.83	 0.89	 479,701	 0.89 
 23	 2011/09/16	 0.86	 0.86	 0.83	 0.83	 300,947	 0.83 
 22	 2011/09/15	 0.80	 0.87	 0.80	 0.87	 464,357	 0.87 
 21	 2011/09/14	 0.80	 0.82	 0.80	 0.80	 320,773	 0.80 
 20	 2011/09/13	 0.81	 0.81	 0.80	 0.80	 349,250	 0.80 
 19	 2011/09/12	 0.82	 0.83	 0.82	 0.82	 294,220	 0.82 
 18	 2011/09/09	 0.83	 0.84	 0.82	 0.83	 260,007	 0.83 
 17	 2011/09/08	 0.84	 0.85	 0.82	 0.84	 394,800	 0.84 
 16	 2011/09/07	 0.86	 0.86	 0.84	 0.84	 513,420	 0.84 
 15	 2011/09/06	 0.85	 0.87	 0.85	 0.86	 313,236	 0.86 
 14	 2011/09/05	 0.86	 0.88	 0.86	 0.88	 235,334	 0.88 
 13	 2011/09/02	 0.86	 0.88	 0.81	 0.88	 235,334	 0.88 
 12	 2011/09/01	 0.91	 0.91	 0.86	 0.86	 378,422	 0.86 
 11	 2011/08/31	 0.88	 0.90	 0.87	 0.90	 262,659	 0.90 
 10	 2011/08/30	 0.87	 0.93	 0.87	 0.88	 383,613	 0.88 
 9	 2011/08/29	 0.88	 0.89	 0.87	 0.88	 284,883	 0.88 
 8	 2011/08/26	 0.88	 0.89	 0.86	 0.88	 233,806	 0.88 
 7	 2011/08/25	 0.93	 0.93	 0.86	 0.89	 393,634	 0.89 
 6	 2011/08/24	 0.94	 0.94	 0.92	 0.92	 99,899	 0.92 
 5	 2011/08/23	 0.92	 0.95	 0.91	 0.95	 144,909	 0.95 
 4	 2011/08/22	 0.94	 0.94	 0.92	 0.92	 272,334	 0.92 
 3	 2011/08/19	 0.92	 0.97	 0.91	 0.93	 201,746	 0.93 
 2	 2011/08/18	 0.95	 0.97	 0.94	 0.94	 175,611	 0.94 
 1	 2011/08/17	 0.99	 1.01	 0.95	 0.97	 156,326	 0.97 
 	 2011/08/16	 1.05	 1.05	 0.96	 1.00	 195,912	 1.00 
 	 2011/08/15	 0.98	 1.04	 0.96	 1.04	 165,683	 1.04  

[beach_trades]

AW Out, Bob "In Play"

DO we believe again?

Book Value I is above 3

Question is: did AW leave before possible accounting issues or is this beginning of another turnaround

Time will tell

Total Cash (mrq): 65.66M
Total Cash Per Share (mrq): 1.17
Total Debt (mrq): 13.22M
Total Debt/Equity (mrq): 6.67
Current Ratio (mrq): 1.97
Book Value Per Share (mrq): 3.57

[beach_trades]

http://finance.yahoo.com/news/Viacom-International-Media-prnews-3896822874.html?x=0&.v=1

Lets see if "a" timeline is hit

Nice that AW is out!

Btw--no sheezy over here :)

[stressengineer]

Current bid $0.05 on Jan 1.5 call option, 100 contracts. This person must be pretty bullish. I find it difficult to justify any bid price at all that far out of the money in January. For this person to turn a profit, the option needs a bid of at least a dime before it expires, and a dime in the money would be at a stock price of $1.60.

That would be a double from the current price in only 4 months. Of course, the cash value of 100 contracts at a nickel is only $500 so this could actually just be a stupid retail investor, but unless there is a strong rally in the stock, this investor would have a 100% loss on this buy. Yet the bid is there, so SOMEBODY is quite bullish I would say.

Either this person is very stupid or believes he knows something I am certainly not seeing. I hope it is the latter and I hope he is right ane makes a killing because that means all us longs will make back some of our losses.

Most people have probably forgotten that when GIGM sold 60% of its gaming business to another investor, the other investor also had a call option to purchase the rest of the gaming business, but also GIGM had a put option to PUT the remainder of the gaming business to THEM.

If only we knew the details of this put option, the company MUST have a value of at least the amount of the put even if they squander all of their cash as long as no fraud is found. I have a feeling we may be already trading below this floor, which is one reason I continue to hold.

[ScovilleUnits]

GIGM:Q2 Adj EPS (3c)..vs..(10c) EPS +70% Y/Y

Monday , August 15, 2011 16:35ET

QUARTER RESULTS
GigaMedia Limited (GIGM) reported Q2 results ended June 2011. Q2 Revenues were $8.80M; -15.56% vs yr-ago. Q2 EPS was (12c). Adjusted Q2 EPS was (3c); +70.00% vs yr-ago.

Q2 RESULTS      Reported      Year-Ago     Y/Y Chg      Estimate    SURPRISE 
 ----------  ------------  ------------  ----------  ------------  ---------- 
 Revenues:         $8.80M       $10.42M     -15.56%           N/A         N/A 
 ----------  ------------  ------------  ----------  ------------  ---------- 
 EPS:               (12c)           N/A         N/A           N/A         N/A 
 Adj EPS:            (3c)         (10c)     +70.00%           N/A         N/A 
 ----------  ------------  ------------  ----------  ------------  ----------

ORIGINAL EARNINGS RELEASE: http://www.knobias.com/story.htm?eid=3.1.04ea4c587a25e2d86e74f56a71002c5e64106265b4ad56a233e757b7f56eca9e
Consensus estimate data provided by Reuters.
Visit Knobias.com for more indepth earnings information.

GIGM: Q2 Earnings Call @ 22:00 ET Today: http://www.knobias.com/story.htm?eid=3.1.0a17653d342d5b815c16302d50969b27f728d15c1b6b2618e2f2ce8e101a6b5c

[ScovilleUnits]

Confirmed Earnings Expected Monday, Aug 15 AMC

http://www.knobias.com/story.htm?eid=3.1.1fd6418a0427a6074ef11c23091d68a8f7a2191dc64b6940c4ea2400738427cc