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anybody paying attention to GIGM anymore, I just read of potential for Truth Social platform.
ASIA. NFT GAMING HOT SPOT https://the-ken.com/sea/story/axie-infinity-and-beyond-what-makes-vietnam-an-nft-gaming-hotspot/
Game-stop Assembling NFT Team...https://markets.businessinsider.com/news/currencies/gamestop-nft-web3-jobs-specialists-crypto-2021-10
Play to Earn!! Gaming And Gigm Is Set Up Off Shore! TAIWAN Just As ABQQ Will Set Up Film @ Music Offshore...SINGAPORE
Interesting find also.
https://aeolusbot.com
Wowza, look at the cash position
https://www.otcmarkets.com/filing/html?id=14469105&guid=dEzpUeIQNuYr5yh
Wowza, why would they loan out 10 million dollars to the robot company and have a possible future strategic relationship.
https://www.otcmarkets.com/filing/html?id=14368189&guid=dEzpUeIQNuYr5yh
Over 10 million volume after hours. Interesting. Lets see if there is any continuation with the volume tomorrow.
This is possibly the next NFT play, the interesting part is heavy loading by the CEO up to a million shares, low float and nice cash position, well over 40 million dollars. This could potentially hit 10-15 dollars on news, watching from sidelines. Good luck.
* * $GIGM Video Chart 03-24-2021 * *
Link to Video - click here to watch the technical chart video
Yes, very nice!!
News: $GIGM Notice of The Twentieth Annual General Meeting of Shareholders
TAIPEI, Taiwan , May 25, 2019 /PRNewswire/ -- GigaMedia Limited Incorporated in the Republic of Singapore Registration No.: 199905474H REGISTERED OFFICE 80 Robinson Road, #02-00 Singapore 068898 NOTICE IS HEREBY GIVEN that the 20th annual general meeting of th...
Read the whole news https://marketwirenews.com/news-releases/notice-of-the-twentieth-annual-general-meeting-of-shareholders-8246164.html
Back in and large at 3
From q3 2017 publishes on Oct 31
Barry Honig's brother and family involved in GIGM,
Guy on Twitter noted Barry was in RIOT around $5, birds of a feather?
A bunch Of Honigs at least one of whom is more than a little dodgey, but they always seem to be around money and big runs, who knows?
https://www.sec.gov/Archives/edgar/data/1105101/000165495417005116/honig13ga-am3.htm
Rock on. $5++ thursday?
Whoa, where did this volume come from? Did they announce crypto something? LOL
Hwang Collin has filed a new 13G, reporting 6.3% ownership in $GIGM - https://fintel.io/soh/us/gigm/hwang-collin and https://fintel.io/i/hwang-collin
Just video games? Why not online gambling?
More insider buying today...
http://www.conferencecalltranscripts.org/4/summary2/?id=2291358
Res!!!!!! I dumped ip for quick profit with all the board changes, didn't like sound of it
and was in touch (brad finally gone)
I will come back after R/S don't think they will avoid it
watch COYN, do some dd, should be great one
Best Always!
CJ
wow CJ you've got some big balls! That's some serious cheese you are laying down. What makes you so sure about GIGM? The CEO hasn't delivered on any single promise since he's been CEO...what really concerns me is they stopped the pubic CC w/ Q&A. Revenues are not growing as they continue to burn through cash. Tesseratic is a real stretch and gigacloud isn't exactly making waves. Their mobile games division is the only thing keeping this afloat as far as I can tell.
I like the CEO buying shares and I like that they are cleaning house with board members, but IDK if that's enough.
Unfortunately, I think there's a 90% chance of reverse split...can't imagine that will be good for shareholders unless Giga can right this ship. As far as I can tell it's going down like the titanic.
I did take this opportunity to double down, but it may just be wishful thinking. Good luck buddy...
-resident
Ive taken close to 40k shares bite .59 to start off Massive Inside buy. maybe ill grab a 100k
http://www.sec.gov/Archives/edgar/data/1105101/000120919115080419/xslF345X03/doc4.xml
Now if I only can only get a hold of CCraft again :)
Stock as well has traded different since http://article.wn.com/view/2015/11/10/Tesseratic_Container_Engine_A_Container_Platform_That_Can_Ru/
I think 200 day and 1 dollar land up soon (aviod need for R/S) as well
Best--> CJBORO
2002 was when they were an ISP and before they bought the record stores. Kinda funny how many business plans this company has burned through.
It held around $1 because people were comfortable with the cash. If this deal closes then the cash is replaced by ... what? They haven't really laid out how they are going to make the acquisition work.
Here's the lowest PPS recorded for GIGM:
Nov 21, 2002 0.61 0.68 0.56 0.56 320,900 0.56
Nov 20, 2002 0.76 0.76 0.57 0.57 416,100 0.57
Nov 19, 2002 0.89 0.92 0.69 0.72 484,000 0.72
Nov 18, 2002 0.80 0.92 0.75 0.84 783,000 0.84
Nov 15, 2002 0.63 0.87 0.62 0.80 706,500 0.80
Nov 14, 2002 0.51 0.59 0.51 0.59 41,700 0.59
Nov 13, 2002 0.58 0.64 0.50 0.51 63,500 0.51
Nov 12, 2002 0.51 0.56 0.48 0.56 41,600 0.56
Nov 11, 2002 0.52 0.59 0.20 0.51 100,200 0.51
Nov 8, 2002 0.59 0.60 0.49 0.60 22,000 0.60
Nov 7, 2002 0.63 0.67 0.49 0.61 36,000 0.61
Nov 6, 2002 0.45 0.67 0.43 0.62 415,200 0.62
Nov 5, 2002 0.43 0.45 0.43 0.45 155,200 0.45
Nov 4, 2002 0.44 0.44 0.42 0.42 198,000 0.42
Nov 1, 2002 0.44 0.45 0.43 0.43 83,800 0.43
As far as I can tell, we are trading at or near the all time lowest close of 42 cents. It's interesting that the stock held at $1 for quite a while with very little positive news. I think the recent turmoil in the shanghai markets has greatly impacted GIGM pps...however, the GIGM acquisition of StrawberryNET is going to catch on...when it does the pps should move up in a big way. I'm adding to my position at these levels, and will continue to add if we drop further.
Alexa rating for Strawberrynet.com
www.alexa.com/siteinfo/strawberrynet.com
It's interesting that the highest percentage of visitors are in China, and yet that's their lowest market penetration. If Gigamedia can tap into the market in China, then I think they'll bring home the bacon.
On a side note, the Shainghai markets have already corrected 30-40%...hopefully not much downside left. I think that (market sentiment) is the only reason GIGM is so cheap right now.
Regarding the possibility of reverse split to meet Nasdaq requirements...I kind of doubt Giga will do this because it would put the CEOs shares at risk of being devalued if the stock dropped after the RS. Let's see what they can do in the next 6 months.
$GIGM recent news/filings
bullish
bottom bounce
## source: finance.yahoo.com
Mon, 18 May 2015 03:00:21 GMT ~ GigaMedia’s Social Casino Platform ClubOne, Premier at G2E Asia in Macau
[at noodls] - GigaMedia's Social Casino Platform ClubOne, Premier at G2E Asia in Macau TAIPEI, Taiwan, May 15 2015 - GigaMedia Limited (NASDAQ: GIGM) today announced attendance of its subsidiary PerfectPairs to G2E ...
read full: http://www.noodls.com/view/9ABFB8BB82E0172BEB0B617D5A854DF6B28E0B41
*********************************************************
Fri, 15 May 2015 21:00:00 GMT ~ GigaMedia's Social Casino Platform ClubOne to Premiere at G2E Asia in Macau
[PR Newswire] - ClubOne is an in-house developed social casino platform which consists of more than five different main casino playing genres such as Online Poker, Online Mahjong, Sic Bo, Baccarat, Roulette and Slots, to name a few. According to PerfectPairs, ClubOne is positioned as a "Club for Everyone". In contrast from traditional mobile casino games, users are able to customize and manage ClubOne to their own preferences of game type and rules setting. Furthermore, ClubOne offers numerous real-time tournament modes, instant messaging, and it is cross-platform.
read full: http://finance.yahoo.com/news/gigamedias-social-casino-platform-clubone-210000615.html
*********************************************************
Tue, 12 May 2015 13:00:00 GMT ~ Letter of Intent in Relation to a Potential Acquisition
[PR Newswire] - TAIPEI, May 12, 2015 /PRNewswire/ -- GigaMedia Limited (GIGM) (the "Company") today announced that, on May 8, 2015, the Company has entered into a non-binding letter of intent (the "Letter of Intent") with an independent third party in relation to the Company's potential acquisition of a controlling interest in a global cosmetics e-commerce company (the "Target") (the " Potential Acquisition"). The Target is an established online distribution and retail platform of beauty products, with its own website and mobile application. The Target has also established a global sourcing network of a comprehensive range of beauty products with more than 700 brands and 30,000 stock keeping units.
read full: http://finance.yahoo.com/news/letter-intent-relation-potential-acquisition-130000065.html
*********************************************************
Tue, 12 May 2015 10:57:32 GMT ~ Letter of Intent in Relation to a Potential Acquisition
[at noodls] - TAIPEI, Taiwan, May 12, 2015 - GigaMedia Limited (NASDAQ: GIGM) (the 'Company') today announced that, on May 8, 2015, the Company has entered into a non-binding letter of intent (the 'Letter of Intent') ...
read full: http://www.noodls.com/view/C833F155600E62086DB610B57E68B90CD30B5B5B
*********************************************************
Mon, 11 May 2015 03:51:49 GMT ~ GigaMedia Announces Resignation of Chief Financial Officer
[at noodls] - TAIPEI, Taiwan, May 8, 2015 - GigaMedia Limited (NASDAQ: GIGM) today announced that Chief Financial Officer (CFO) Dirk Chen ('Dirk') has resigned his position from the Company for his personal reasons ...
read full: http://www.noodls.com/view/4E76E9B0483B137807AF8A3B4DC524BFD1CCE580
*********************************************************
$GIGM charts
basic chart ## source: stockcharts.com
basic chart ## source: stockscores.com
big daily chart ## source: stockcharts.com
big weekly chart ## source: stockcharts.com
$GIGM company information
## source: otcmarkets.com
Link: http://www.otcmarkets.com/stock/GIGM/company-info
Ticker: $GIGM
OTC Market Place: Not Available
CIK code: 0001105101
Company name: Gigamedia Ltd.
Incorporated In: Singapore
Business Description: OTC Markets | Official site of the OTCQX, OTCQB and OTC Pink Marketplaces featuring Free Stock & Bond Quotes, Trade Prices, Chart, Financials and Company News & Information for Investors, Companies and Traders - OTCMarkets.com (window.NREUM||(NREUM={})).loader_config={xpid:"UwMGWVdSGwQIU1RQAgQ="};window.NREUM||(NREUM={}),__nr_require=function(t,e,n){function r(n){if(!e[n]){var o=e[n]={exports:{}};t[n][0].call(o.exports,function(e){var o=t[n][1][e];return r(o?o:e)},o,o.exports)}return e[n].exports}if("function"==typeof __nr_require)return __nr_require;for(var o=0;od;d++)c[d].apply(u,n);return u}function a(t,e){f[t]=s(t).concat(e)}function s(t){return f[t]||[]}function c(){return n(e)}var f={};return{on:a,emit:e,create:c,listeners:s,_events:f}}function r(){return{}}var o="nr@context",i=t("gos");e.exports=n()},{gos:"7eSDFh"}],ee:[function(t,e){e.exports=t("QJf3ax")},{}],3:[function(t){function e(t){try{i.console&&console.log(t)}catch(e){}}var 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$GIGM share structure
## source: otcmarkets.com
Market Value: $42,440,956 a/o Jun 12, 2015
Shares Outstanding: 55,261,661 a/o Dec 31, 2014
Float: Not Available
Authorized Shares: Not Available
Par Value: No Par Value
$GIGM extra dd links
Company name: Gigamedia Ltd.
## STOCK DETAILS ##
After Hours Quote (nasdaq.com): http://www.nasdaq.com/symbol/GIGM/after-hours
Option Chain (nasdaq.com): http://www.nasdaq.com/symbol/GIGM/option-chain
Historical Prices (yahoo.com): http://finance.yahoo.com/q/hp?s=GIGM+Historical+Prices
Company Profile (yahoo.com): http://finance.yahoo.com/q/pr?s=GIGM+Profile
Industry (yahoo.com): http://finance.yahoo.com/q/in?s=GIGM+Industry
## COMPANY NEWS ##
Market Stream (nasdaq.com): http://www.nasdaq.com/symbol/GIGM/stream
Latest news (otcmarkets.com): http://www.otcmarkets.com/stock/GIGM/news - http://finance.yahoo.com/q/h?s=GIGM+Headlines
## STOCK ANALYSIS ##
Analyst Research (nasdaq.com): http://www.nasdaq.com/symbol/GIGM/analyst-research
Guru Analysis (nasdaq.com): http://www.nasdaq.com/symbol/GIGM/guru-analysis
Stock Report (nasdaq.com): http://www.nasdaq.com/symbol/GIGM/stock-report
Competitors (nasdaq.com): http://www.nasdaq.com/symbol/GIGM/competitors
Stock Consultant (nasdaq.com): http://www.nasdaq.com/symbol/GIGM/stock-consultant
Stock Comparison (nasdaq.com): http://www.nasdaq.com/symbol/GIGM/stock-comparison
Investopedia (investopedia.com): http://www.investopedia.com/markets/stocks/GIGM/?wa=0
Research Reports (otcmarkets.com): http://www.otcmarkets.com/stock/GIGM/research
Basic Tech. Analysis (yahoo.com): http://finance.yahoo.com/q/ta?s=GIGM+Basic+Tech.+Analysis
Barchart (barchart.com): http://www.barchart.com/quotes/stocks/GIGM
DTCC (dtcc.com): http://search2.dtcc.com/?q=Gigamedia+Ltd.&x=10&y=8&sp_p=all&sp_f=ISO-8859-1
Spoke company information (spoke.com): http://www.spoke.com/search?utf8=%E2%9C%93&q=Gigamedia+Ltd.
Corporation WIKI (corporationwiki.com): http://www.corporationwiki.com/search/results?term=Gigamedia+Ltd.&x=0&y=0
## FUNDAMENTALS ##
Call Transcripts (nasdaq.com): http://www.nasdaq.com/symbol/GIGM/call-transcripts
Annual Report (companyspotlight.com): http://www.companyspotlight.com/library/companies/keyword/GIGM
Income Statement (nasdaq.com): http://www.nasdaq.com/symbol/GIGM/financials?query=income-statement
Revenue/EPS (nasdaq.com): http://www.nasdaq.com/symbol/GIGM/revenue-eps
SEC Filings (nasdaq.com): http://www.nasdaq.com/symbol/GIGM/sec-filings
Edgar filings (sec.gov): http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001105101&owner=exclude&count=40
Latest filings (otcmarkets.com): http://www.otcmarkets.com/stock/GIGM/filings
Latest financials (otcmarkets.com): http://www.otcmarkets.com/stock/GIGM/financials
Short Interest (nasdaq.com): http://www.nasdaq.com/symbol/GIGM/short-interest
Dividend History (nasdaq.com): http://www.nasdaq.com/symbol/GIGM/dividend-history
RegSho (regsho.com): http://www.regsho.com/tools/symbol_stats.php?sym=GIGM&search=search
OTC Short Report (otcshortreport.com): http://otcshortreport.com/index.php?index=GIGM
Short Sales (otcmarkets.com): http://www.otcmarkets.com/stock/GIGM/short-sales
Key Statistics (yahoo.com): http://finance.yahoo.com/q/ks?s=GIGM+Key+Statistics
Insider Roster (yahoo.com): http://finance.yahoo.com/q/ir?s=GIGM+Insider+Roster
Income Statement (yahoo.com): http://finance.yahoo.com/q/is?s=GIGM
Balance Sheet (yahoo.com): http://finance.yahoo.com/q/bs?s=GIGM
Cash Flow (yahoo.com): http://finance.yahoo.com/q/cf?s=GIGM+Cash+Flow&annual
## HOLDINGS ##
Major holdings (cnbc.com): http://data.cnbc.com/quotes/GIGM/tab/8.1
Insider transactions (yahoo.com): http://finance.yahoo.com/q/it?s=GIGM+Insider+Transactions
Insider transactions (secform4.com): http://www.secform4.com/insider-trading/GIGM.htm
Insider transactions (insidercrow.com): http://www.insidercow.com/history/company.jsp?company=GIGM
Ownership Summary (nasdaq.com): http://www.nasdaq.com/symbol/GIGM/ownership-summary
Institutional Holdings (nasdaq.com): http://www.nasdaq.com/symbol/GIGM/institutional-holdings
Insiders (SEC Form 4) (nasdaq.com): http://www.nasdaq.com/symbol/GIGM/insider-trades
Insider Disclosure (otcmarkets.com): http://www.otcmarkets.com/stock/GIGM/insider-transactions
## SOCIAL MEDIA AND OTHER VARIOUS SOURCES ##
PST (pennystocktweets.com): http://www.pennystocktweets.com/stocks/profile/GIGM
Market Watch (marketwatch.com): http://www.marketwatch.com/investing/stock/GIGM
Bloomberg (bloomberg.com): http://www.bloomberg.com/quote/GIGM:US
Morningstar (morningstar.com): http://quotes.morningstar.com/stock/s?t=GIGM
Bussinessweek (businessweek.com): http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=GIGM
$GIGM DD Notes ~ http://www.ddnotesmaker.com/GIGM
$GIGM
Purchase of GigaMedia shares by CEO Collin Hwang
The company has been informed by its Chief Executive Officer Collin Hwang that he purchased a total of 365,000 shares of GigaMedia stock at an average price of $0.99 on October 27, 2014. The purchases were made during an open window period and in full compliance with all company and legal guidelines. Mr. Hwang indicated his decision to purchase shares reflects his firm belief that the company’s shares are undervalued.
$GIGM Nearing 52 Week Low.
The company has forged key relationships with well known companies in the gaming and cloud industries and has hired top-of-the-line talent to help drive accelerated growth.
$GIGM plans to launch new games in the second half of 2014 following the successful launch of its Three Kingdoms Partner game, and plans to expand its cloud offerings.
At 99c and with $1.33/share cash, GIGM has better growth prospects than in 2008 when it traded North of $20.
GigaMedia Ltd. (NASDAQ:GIGM) is a holding company with a diversified portfolio of businesses providing online games and cloud computing services.
GigaMedia's online games business develops and operates a suite of games in Taiwan and Hong Kong, with focus on extending the company's online games platform to Web/mobile games, the fastest growing segment of online games, and supporting cross-platform play with strong self-development capabilities.
The company's cloud computing business is focused on providing businesses in Greater China and other regions of South East Asia with critical communications services and IT solutions that increase flexibility, efficiency and competitiveness.
Cash-rich GigaMedia Ltd. has been quietly executing an aggressive multi-pronged turnaround that started in 2013 focusing on fast-growth browser/mobile games and cloud-based applications and products aimed initially to small-to-medium business and ultimately extending them to enterprise applications. Company management believes that this will result in a leaner business and will position the company to deliver sustainable growth and profitability in 2014 and beyond.
Commenting on the company's most recent quarterly results GIGM CEO Collin Hwang summarized the progress made thus far, and the opportunities ahead, as follows:
2014 Strategic Initiatives Overview
Online Games
Strategic focus - Management continues to execute its plan to rebuild and grow the online games business. Central to this strategy has been a sharp focus on strategic alliances and building a strong pipeline of browser/mobile games and social casino games. Management is now beginning to execute plans to vertically integrate -- to strengthen the company's development, distribution, and operations of games and services -- and to scale up.
Browser/Mobile games -- During the first half of 2014, GigaMedia enhanced its game portfolio by licensing several titles. GigaMedia successfully launched one mobile game in March 2014 (Three Kingdoms Partner) and plans to launch two additional mobile games this year licensed from third parties. GigaMedia plans to launch the browser-based MMO KingsRoad by the fourth quarter of 2014. Separately, initiatives are underway to create new revenue streams from game licensing and royalties related to intellectual property owned by GigaMedia. The company is currently finalizing development contracts for several games that GigaMedia plans to operate in Taiwan and Hong Kong and license to third parties for operation in other markets.
Social casino games -- During the first half of 2014, GigaMedia partnered with two leading international operators of social casino games to offer their games on GigaMedia's new social casino platforms. GigaMedia expects to launch its platforms in Taiwan and China in the second half of 2014.
Strategic partnership - In line with GigaMedia's plans to strengthen its ability to create and deliver top quality entertainment, build strong competitive advantages, and drive significant long-term growth, in June GigaMedia entered a strategic partnership with Gamania Digital Entertainment Co. Ltd. (Gamania) by way of a strategic investment in the company (GIGM purchased 15M shares or a 9.5% stake in Gamania). The partnership's objective is to create and grow business and shareholder value by leveraging the proven skills and vast resources of the combined teams.
CEO Hwang added,
"In online games we are continuing to make rapid progress improving our product pipeline and have scheduled multiple product launches in the medium term. We expect to launch two new licensed mobile games in the second half of 2014 and several more after that, including games that we are developing and plan to license to other operators."
"In addition, in the second half of 2014 we plan launches of two new self-developed social casino platforms that will offer unique customization features and a broad lineup of games from some of the world's leaders in social casino games. During this time, we will also be testing our new in-house developed social mobile game platform."
"We continue to see potential upside from strategic transactions. To drive future growth, during the second quarter we entered a strategic partnership with Gamania by way of a strategic investment in the company. Gamania is one of Taiwan's leading online game companies. Under the partnership, we will explore synergies and strategic cooperation in regional markets."
Cloud Computing
Strategic focus - Growth initiatives in cloud computing are focused on strengthening distribution capabilities and expanding GigaMedia's portfolio with innovative, differentiated solutions to become a total solutions provider.
New software-as-a-service (SAAS) products and partnerships - GigaMedia launched a new virtual desktop product in May -- the first product of its kind in Taiwan, and will bundle the product with hardware providers going forward. GigaMedia is currently finalizing plans with a partner to launch a new service in the third quarter of 2014 that targets technology businesses of all sizes.
New IaaS services -- During the first half of 2014, GigaMedia began providing IaaS services, including the build-out of IT infrastructure and a data center for local city transit systems.
New client services -- Initiatives are underway to build new client services. Initial focus is on providing back-end, cloud-based services for kiosks that help businesses manage services such as ticketing.
"In cloud computing, we are moving toward becoming a full-service provider, adding new products and services and partnering with tech leaders to leverage their large customer bases," stated CEO Collin Hwang. "In 3Q we are bundling our virtual desktop with Hewlett-Packard and plan to bundle with another hardware provider soon; going forward we will also be providing new IaaS services supporting IT infrastructure and data center development projects."
I would like to elaborate on some of the key developments mentioned by CEO Hwang above:
Regarding the strategic partnership and investment in Gamania, the synergism between the two companies is remarkable and is likely to kick Gigamedia into overdrive. Since 1995, Gamania has strived to bring the most enriching game experiences to players around the world. Gamania is a growing and profitable gaming enterprise. Gamania had revenues of $275 in 2013 and has paid a 0.5 NT/share dividend on September 17, 2014 to shareholders on record as of August 26, 2014. This means that GIGM will receive a dividend of about $250,000 for the 15 million Gamania shares it owns. More importantly the company plans to use Gamania's know-how and influence to create and deliver top quality entertainment, build strong competitive advantages, and drive significant long-term growth.
To kickstart GigaCloud, GIGM has formed strategic partnerships with Taiwan-based Chailease Holding Co Ltd. and with France-based Atos with 2013 annual revenue of € 8.6 billion and 76,300 employees in 52 countries. The Chailease partnership will allow the company to capitalize on the firm's large SME customer base. Chailease is Taiwan's number one leasing company with approximately 42 percent market share. The firm has a wide product offering, including financial services, leasing, and installment sales and serves approximately 15,000 SMEs in Greater China. The Atos partnership provides services with bank-grade security and will help promote Gigamedia's business, extend its reach, and expand its product portfolio. Atos is a global leader in cloud computing. GIGM added a new CEO for the division, formerly from Atos, with an impressive record of developing new cloud businesses and driving growth. Mr. Simon Lee helped develop and grow the Taiwan branch of Atos from 2006 to 2013. During this time, Mr. Lee served in different key roles, including managing director, vice president of sales, and sales director. At Atos Taiwan, he spearheaded penetration of the telecom, warehouse, and government sectors, surpassing double-digit sales goals every year.
Similarly, to help the Games Division gain momentum and run efficiently, the company implemented strategic restructuring and productivity initiatives to improve growth prospects and create a business model with leverage; divided games operations into three units - social casino, mobile platform and licensed games. The company added new talent to these teams, including new directors of our mobile games and social casino games, as well as a new chief operating officer; reduced personnel from approximately 300 to 250; acquired mobile game technology and expertise via acquisition of majority interest in Taiwanese mobile game developer RingerRockz; developed a new, integrated internal game development/testing environment to better identify and resolve game issues and drive efficiencies; began transitioning from an on-premises server system to a "virtual" cloud-based system to lower operating costs and increase the stability of game operations. On April 10, 2014 GIGM announced that games industry veteran Dane Wu has joined the company as chief strategy officer of its online games business. He most recently served as the president and chief executive officer of C&C Media, the Tokyo operations of China's games leader Perfect World. Prior to that, he served as the general manager of the licensing division of Perfect World, where he developed a global licensing network of over 50 companies in 30 different countries, built the world's first and largest B2B customer support system for online games, and executed global alliances and promotions that drove growth.
On June 5, 2014, GIGM announced that it has secured exclusive license rights from Rumble Entertainment, Inc. to offer and operate their acclaimed next-generation browser action/role-playing game, KingsRoad. Commenting on the deal, CEO Hwang stated: "KingsRoad is an innovative, brilliant blend of the real flavor of console games with the simplicity and convenience of browser play. This is a gaming experience that hasn't been seen before. "Triple-A quality, exciting MMO action, with low cost and no installation required is also a great fit with our markets. Our markets are rapidly transitioning from PC-based gaming to browser and mobile gaming, creating new opportunities. No one is more thoughtful about market changes and opportunities than Rumble - we are thrilled with their game and delighted to partner with them." Jim Squires commented on a KingsRoad review: "As you've probably guessed from my gushing, KingsRoad is one hell of a game. Not only is it brilliant fun on its own merits, but it sets a new bar for what can be expected on Facebook. Rumble Entertainment has crafted a beautiful dungeon crawler with all of the trimmings, and playing with other players in real time couldn't be easier or more satisfying. If you're a fan of Diablo or Torchlight, KingsRoad is your new addiction, hands down. Full-fledged gaming has finally come to Facebook. GigaMedia plans to launch the browser-based MMO KingsRoad by the fourth quarter of 2014.
On Mar 6, 2014, GIGM released the mobile strategy card game Three Kingdoms Partner for Android devices. The game launch was the first of several initiatives planned for 2014 to expand GigaMedia's online game business with new mobile/browser games and social casino games. The game was published by GIGA's Gaminfinity Publishing Co Ltd. One interesting fact is that John Chiang, Special Assistant to the COO of Gaminfinity worked for Gamania from 2008 to 2011. I am sure that he will be a key player in the GIGM-Gamania partnership. GIGA's online games business accounted for approximately 29 percent of total game revenues in the second quarter, up from 9 percent in the prior quarter, with contributions from the company's new mobile game Three Kingdoms Partner more than offsetting lower revenues from the MMO game Tales Runner and from legacy PC games. The Three Kingdom's Partner game has accumulated rave reviews and has almost half a million installs since its launch.
Sa article
2 then 3 the 4 and so on
2 what ? $ 2.00 Bucks... ? This thing is a GOLD MINE !
Can't hold it down forever .......MM'S ! .10 easy next week ! Watch the scramble to get back in at end of day ... this will be fun. Close .036
ROAAAAAAAAAAAR--See you at 2 next
GIGM! Yah Baby !
GIGM news out. already known I'm sure, but chart is building.. 1.50s is big break
TAIPEI, March 5, 2014 /PRNewswire/ -- GigaMedia Limited (NASDAQ: GIGM) announced today that it released the mobile strategy card game Three Kingdoms Partner for Android devices.
The game launch is the first of several initiatives planned for 2014 to strengthen and expand GigaMedia's online game business with new mobile/browser games and social casino games.
"This launch marks an important first step in re-aligning our game business with market growth," stated GigaMedia Limited Chief Executive Officer Collin Hwang. "We will continue to add new mobile, browser, and social casino games this year and are confident our growth initiatives will drive strong growth in our player base and accelerating revenues in 2014."
Three Kingdoms Partner is a free-to-play mobile game based on one of the most beloved and widely read historical novels in Asia, Romance of the Three Kingdoms. Gameplay revolves around strategic composition of game cards to win battles. Players can collect game cards; cards represent legendary characters and combat and challenges are based on famous battles and events. Players can also make in-app purchases that facilitate gameplay.
Three Kingdoms Partner is now available for download on Google Play in traditional Chinese in Taiwan, Hong Kong, Macau, Singapore, Malaysia, and Thailand; an iOS version launch on the App Store is planned for later this year.
The game was created by Shenzhen-based game developer LodoGame.
GigaMedia has exclusive rights to operate Three Kingdoms Partner in Taiwan, Hong Kong, Macau, Singapore, Malaysia, and Thailand for two years.
About GigaMedia
yup, could be. from SA:
Cash-rich GigaMedia Ltd. (GIGM) has been quietly executing an aggressive multi-pronged turnaround resulting in a leaner business, better positioned to deliver sustainable growth and profitability in 2014 and beyond.
Commenting on the company's most recent quarterly results GIGM CEO Collin Hwang stated:
"In the third quarter 2013, we made good progress in strengthening and optimizing our existing PC games business while preparing for the launch of our new mobile and browser-based games business. During the next several months, we will continue work on our new social casino games platform and deploying our cloud services business." CEO Hwang added, "We will also continue reviewing several potential strategic transactions that would enable us to accelerate our growth and enhance our value. Overall, we are confident that we are on track to deliver improved financial performance and enhanced shareholder value in 2014."
Specifically, the company reported the following 3Q 2013 accomplishments:
General and administrative expenses were down by about 31% since 4Q 2012 while corporate operating expenses dropped by 49%.
Consolidated operating costs were down 41%.
Loss from operations decreased approximately 47 % from 4Q 2012.
Healthy financial position to support long-term value creation -no debt; cash and marketable securities-current of approximately $74.3 million, or approximately $1.47 per share.
More importantly, the company was bullish about the growth prospects for 2014 and beyond. For instance, management plans to begin launches of new social casino games late in the fourth quarter of 2013. The games will be in browser and mobile format, positioning GIGM to benefit from strong growth trends in these markets. The company also has aggressive growth plans for its cloud-services which are expected to make initial revenue contributions in Q4 2013. The company plans to launch multiple new cloud services in 2014 expanding target market to larger enterprises. I will provide more detail regarding these developments later in this article.
The market is obviously not aware of GIGM's significant potential share appreciation going forward since it closed at $1.03 on January 27 or almost 50% below cash value and 220% below book value of $2.27.
Another bullish factor that many investors might not be aware of is the fact the CEO Collin Hwang has put his money where his mouth is by buying almost a million shares in the open market!
But it appears that some value investors have GIGM on their radars as reflected by a significant volume spike in the last two trading days.
The strengthened business outlook is the end result of decisive steps management took in 2013 to turn around GIGM's financial performance. GigaMedia entered 2013 facing many challenges. The company was dependent on an online games business operating an unfocused, aging portfolio of games in a shrinking market - PC games, and its pipeline was weak.
To address these challenges, management restructured operations in 2013. The restructuring focused on cost cutting, building two new growth platforms in high-growth game markets - mobile games and social casino games, and strengthening a third growth platform - a new cloud computing business. GigaMedia also invested in new technology to support growth, including the acquisition of a majority interest in a mobile games developer, and strengthened its management team and board of directors.
The company implemented productivity initiatives to improve margins; simplified operations by reducing legal entities; closed underperforming gaming operations in Shanghai; disposed of operations in Singapore as well as non-strategic investments in game studios; completed the sale of GigaMedia's remaining 33.66 percent interest in its underperforming legacy online gambling operations; reduced personnel from approximately 500 to 300; and so on.
Going forward, the company focus is on growth markets: mobile and social casino games, and cloud computing services.
Games business expects growth: New mobile games launches expected in the first half of 2014, followed by new social casino games.
Cloud business forecasts growth: New cloud services expected to make initial revenue contributions in Q4 2013; multiple new services to be launched in 2014 expanding target market to larger enterprises.
Online games business
GigaMedia is investing in and repositioning its online games business to align itself with strong growth in browser/mobile games in the social casino sector. The company is leveraging its expertise in online casino games to develop new browser/mobile casino games in-house, which it expects to launch beginning in late 2013. Supporting this, management is also making critical operational improvements, including upgrading the game server system and integrating the game testing/development environment to enhance efficiencies and strengthen operations. Management targets a comprehensive, multi-platform offering of self-developed browser, mobile and PC-based games by early 2014, delivering improved financial performance and lower business risk.
Cloud services business
Developed by GigaMedia as an integrated platform of critical services and tools for small-to-medium enterprises (SMEs), GigaCloud provides cloud-based Software as a Service (SAAS) offerings. GigaCloud's hosted services enable SMEs to outsource key IT needs and increase flexibility, efficiency and competitiveness. The business launched services in April 2013 with an initial product offering of phone, fax, storage, and video security systems.
Expansion of GigaCloud in 2014 will begin with both new hosted and new private SaaS applications and services refocused on larger SMEs; new consulting services are also planned. Longer term, GigaCloud targets a full range of cloud products and services, which will include Infrastructure as a Service (IaaS) and Platform as a Service (PAAS).
To accelerate growth of its GigaCloud division, GIGM announced on Nov. 7, 2013 that technology executive Simon Lee joined the company as chief executive officer of its cloud business, GigaCloud. According to the press release, Mr. Lee helped develop and grow the Taiwan branch of global technology services leader Atos from 2006 to 2013. At Atos Taiwan, Mr. Lee spearheaded penetration of the telecom, warehouse, and government sectors, surpassing double-digit sales goals every year.
GigaMedia CEO Hwang commented: "Simon is an energetic, ambitious technology professional who is passionate about cloud and has a wealth of industry knowledge, he has a proven track record of identifying new business opportunities and developing cloud solutions and services that exploit them -- all of which make him exceptionally well qualified to lead and grow GigaCloud."
Mr. Lee commented: "Cloud is in an early, high-growth stage in Taiwan, and GigaMedia has positioned itself to benefit from this, launching trial operations this year with an integrated software platform focused on SMEs."
"We are now planning to expand the business with new products and services targeting new markets. I am excited to start ramping up GigaCloud in 2014 to take advantage of tremendous market opportunities and am delighted to have this opportunity."
In summary, GIGM is a compelling value under $2/share because the new management has executed a successful turnaround and positioned the company for accelerated profitable growth in 2014 and beyond. The company's strong financial position of approximately $74.3 million in cash and short-term investments and zero debt is unheard of for a company of GIGM's size. Finally, it is reassuring to know that the company CEO has a vested interest in the growth of the company by buying almost a million common shares using his own money. But as with any investment in the stock market, anyone considering buying GIGM shares should do his/her own due diligence by carefully reading the risks and uncertainties as discussed in the company's filings with the SEC.
GIGM have any patents? Anything (especially international) that locks up online gambling has got to be a plus here..
GIGM - GigaMedia: Former Atos Executive Joins Team, Outlines Plans to Grow Cloud Business
News Link
GLTA
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About GigaMedia Limited:
GigaMedia Limited, (Singapore registration number: 199905474H) – (NASDAQ:GIGM), 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 the world's largest online MahJong game site in terms of revenue, and T2CN, a leading online sports game operator in China. More information on GigaMedia can be obtained from http://www.gigamedia.com.tw .
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