Type
|
Public |
---|---|
Traded as | NASDAQ: GIGM |
Industry | On-line MMORPG, Casual Games, and Casino games |
Founded | 1998 |
Founder | Chester Koo |
Headquarters | Taipei, Taiwan |
Key people
|
Mr. John Stringer, CEO |
Revenue | $54.6 million USD Q1(2008) |
Operating income
|
$12.9 million USD Q1(2008) |
Net income
|
$12.1 million USD Q1(2008) |
Number of employees
|
501 (2007) |
Website | gigamedia.com.tw |
GigaMedia Limited is a major provider of online entertainment software and services. GigaMedia develops software for online entertainment services, including the global online gaming market. GigaMedia’s FunTown game portal is a leading Asian casual games portal and the world’s largest online MahJong game site in terms of revenue. GigaMedia operates the EverestPoker.com poker site.
Founded by Chester Koo and Raymond Chang in October 1998, GigaMedia was incorporated in September 1999 as a company limited by shares organized under the laws of the Republic of Singapore, and completed an initial public offering of its shares on NASDAQ on February 24, 2000.
Under new management in 2004, GigaMedia began to restructure.
A subsidiary of GigaMedia, FunTown is one of the leading casual game platforms in Asia, with approximately six million registered users and a wide variety of casual games, including the world’s largest MahJong platform in terms of revenue. FunTown generates revenues through access fees and also through the sales of various in-game items. It was founded in 1998 by the Acer computer company. They are based in Greater China, with offices in Shanghai, Hong Kong, and Taiwan.
FunTown’s casual games are designed for players of all levels of skill and experience, from the complete beginner to the “Game Master.” FunTown also provides services, such as game clubs for players, tournaments related to FunTown’s online casual games, and social networking. The company’s software allows users to create their own online persona – offering players a wide selection of clothing, styles, icons and other elements to individualize a player’s online look.
FunTown’s games can be played on personal computers, mobile phones, airplane entertainment consoles and will be available on the Xbox 360 in Taiwan in 2006. FunTown has developed nearly all games in-house.
Everest Poker is a multilingual online poker cardroom owned by GigaMedia Limited. In August 2012, it was announced that Everest would join the iPoker network.
Everest Poker offers online tournaments and ring games in both play and real money formats, as well as both web-browser and download client platforms (Windows-only).
Everest Poker was the sole poker-related table sponsor of the 2008 World Series of Poker and the 2009 World Series of Poker. The Everest Poker logo was located on the "felt" of every table in the competition. They also had other prominent on-site visibility at the WSOP, including hanging banners and barricade logos.
Antoine Saout, who finished third on 2009 World Series of Poker Main Event qualified to the event by Everest Poker satellite.
2009-12-22 | Downgrade | Roth Capital | Buy to Hold | $8 to $4 |
2009-05-01 | Downgrade | Brean Murray | Buy to Hold | |
2009-04-01 | Reiterated | Roth Capital | Buy | $12 to $9 |
2008-11-19 | Reiterated | Brean Murray | Buy | $12 to $8 |
2008-11-19 | ||||
2008-10-07 | Reiterated | Brean Murray | Buy | $14 to $12 |
2008-05-14 | Reiterated | Citigroup | Buy | $21 to $23.50 |
2008-04-23 | Initiated | Brean Murray | Buy | $22 |
2008-03-12 | Reiterated | Roth Capital | Buy | $25 to $23 |
2007-11-15 | Reiterated | Roth Capital | Buy | $22 to $25 |
2007-10-11 | Initiated | Bear Stearns | Outperform | |
2007-10-04 | Reiterated | Roth Capital | Buy | $17 to $22 |
2007-03-14 | Reiterated | Roth Capital | Buy | $15 to $17 |
2007-01-17 | Initiated | Roth Capital | Buy | $15 |
2009-12-22 | Downgrade | Roth Capital | Buy to Hold | $8 to $4 |
2009-05-01 | Downgrade | Brean Murray | Buy to Hold | |
2009-04-01 | Reiterated | Roth Capital | Buy | $12 to $9 |
2008-11-19 | Reiterated | Brean Murray | Buy | $12 to $8 |
2008-11-19 |
There is presents forecasts of rating agencies and recommendations for investors about this ticker
In GIGM 10 funds of 2213 total. Show all
Fund name | Ticker shares |
---|---|
MORGAN STANLEY | 0.29M |
ACADIAN ASSET MANAGEMENT LLC | 49607 |
TWO SIGMA INVESTMENTS LLC | 31395 |
TWO SIGMA ADVISERS, LLC | 13000 |
TWO SIGMA SECURITIES, LLC | 10648 |
BARCLAYS PLC | 3644 |
Tower Research Capital LLC (TRC) | 1779 |
UBS Group AG | 661 |
MetLife Securities, Inc | 120 |
ROYAL BANK OF CANADA | 1 |