Gigamedia Keeps On Rocking - Tim Plaehn

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Gigamedia Keeps On Rocking
May 15, 2008 09:14 AM UTC

Tim Plaehn

Return	Risk
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Symbol	Sentiment	Start	Return	Closed
GIGM		05/15/08	-32.92%	07/10/08

Via Long Investment Ideas from Seeking Alpha:

As one of my favorite growth stocks, it is nice to see Gigamedia (GIGM)
hitting on all cylinders. The company released 1st quarter of 2008
results Tuesday and the growth continues at a great rate. GIGM is
managing to rapidly grow its existing platforms and at the same time
enter new markets with new products with even greater growth potential.
I will break down some of the facts and financial highlights here.

You
can think of Gigamedia’s business as two business units. The first is
what it refers to as gaming software. This unit consists of the
company’s flagship Everest Poker (internet poker) and online casino
games. New initiatives by the company are working to cross sell between
poker and casino games. Even bigger, GIGM is planning to offer sports
betting to its gaming software line. It has also signed a multi-year
sponsorship agreement with the World Series of Poker. As the unit stands
now, the company is showing some excellent growth numbers:

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