Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The New Economy and its Winners -- Ignore unavailable to you. Want to Upgrade?

To: John Carragher who wrote (28883)	4/29/2006 9:20:00 PM
From: Bill Harmond	Respond to of 57684

15:00 GIGM GigaMedia Revisited (8.18 +0.08) GigaMedia is a name we first profiled at $2.12 in Dec 2004, then again at $2.96 a year later. The stock has been a huge winner since then, up 175%, so we thought provide an update. The co is a provider of online entertainment software and services. It offers online gaming, hosts a gaming portal. GigaMedia also operates a major broadband ISP providing Internet access in Taiwan. The co is profitable and posted 2005 revenue growth of 34% yr/yr while EPS jumped from $0.02 to $0.13. While this growth is pretty good, keep in mind that these results do not include casual game portal FunTown, which was acquired Jan 2006. FunTown has 4 mln members and is the largest MahJong gaming site. The co expects FunTown to contribute significantly to GigaMedia's Q1 report. The balance sheet is solid with US$62 mln in cash/inv, or about $1.25/share, with no long term debt. While the stock is still note widely known, that's beginning to change as the stock just got its first sell side coverage when ThinkEquity initiated with a Buy/8.50 tgt two weeks ago. The stock has gone vertical, but with the addition of FunTown, stock is worth a look on a pullback. Mkt cap $410 mln, float 31.8 mln, avg vol 1.5 mln.