GigaMedia Limited (GIGM)

[clearcoated]

OT: PP, do you have any thoughts on

EGHT? It's the only dog I have, and the only one I didn't cut loose right away when it dropped from my entry this past January. I'm actually down about 30%

The earnings last week were in-line and expected. No problems arising there. It seems the market is really negative on VOIP right now.

The yahoo board has been in full control of bashers 24/7 for the past 6 months. I rarely stop by to read that board, but there is certainly a contrarian interest there. Many shorts have a vested interest in ceaselessly pounding this stock down. That interest alone indicates at some point a reversal will happen. The problem is I don't know the hedgies agenda, and it's tough to compete against them.

At this point, I could see some capitulation and many eagerly waiting on the sidelines for that day to enter.

So I was wondering what your thoughts were on VOIP or on EGHT as a "pure play" on VOIP. Any hope here?

CC