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To: Dale Baker who wrote (32995)	3/21/2003 7:03:40 AM
From: Dale Baker	Read Replies (1) of 118717

Now we know what GIGM was really worth: 06:59 ET GIGM GigaMedia receives $1.20 buyout bid from management group (0.80) Co announces that its board of directors has received a formal offer from GigaMedia's management group, comprised of all seven senior officers of the company, to purchase all of the shares of the company for $1.20 per share.

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