- 2010 辜仲立入主Gigamedia股東
- 2010.10 戲谷實施Co-CEO
- 2011.3 任命亦秦為接掌ＣＥＯ
- 2011.12.28 賣掉T2CN
- 2012.1.5 任命John Stringer
- 2012.4.25 John Stringer提出兌現百日計劃
- 2012.Q2 戲谷新任執行長曹樹德上任。總部與分公司辦公室合併。
最近5年股價
圖形以當地時間繪製
最近10年表現
Small-Cap Stock GigaMedia Ltd. (GIGM) rallies in Tuesday’s Trading
Shares of GigaMedia Ltd. (NASDAQ: GIGM), a provider of online entertainment software and services, saw a huge rally in Tuesday’s trading session. GigaMedia shares rose to an intra-day high of $1.09 on Tuesday. The stock finished the day 14.57% higher at $0.920.
Earlier this month, GigaMedia announced the sale of its ownership interest in T2CN Holding Ltd. to Hornfull Ltd. GigaMedia entered into an agreement with Hornfull and Hangzhou NewMargin Ventures Co. Ltd. under which GigaMedia sold its ownership interest in T2CN to Hornfull. Under the terms of the agreement, Hangzhou NewMargin has guaranteed the payment and performance of Hornfull.
GigaMedia sold its entire 67.087% interest in T2CN for a cash payment of $4.73 million. The company also received a cash compensation of $789,765 from Hornfull for legal fees it incurred in connection with the T2CN disputes.
Last month, GigaMedia reported its third-quarter financial results. The company reported 2011 revenue of $7.8 million, representing a decline of 12% over the previous quarter. The company’s third-quarter 2011 core net loss was $3.9 million.
Everest Gaming part-owner GigaMedia Ltd has moved on to its third CEO in twelve months following the surprise resignation of Yichin Lee as chief executive and director.
Lee held the chief executive’s office for only nine months, taking over from former CEO Arthur Wang in March 2011.
GigaMedia has been in a downward spiral in recent years as a result of increased competition in the online poker market which has negatively impacted the Everest business, and numerous legal disputes involving its casual games business.
GigaMedia’s revenues fell by 66 per cent between 2008 and 2010 to US$64.7m, with revenues in the first nine months of 2011 amounting to just $27m. The company’s share price has fallen in the same period from over $5 per share to 81 cents per share yesterday.
Now former-CEO Lee pulled no punches in his assessment of the company’s performance when announcing the Q3 2011 financial results, the most recent available. “Weaknesses are clear: our offerings are not broad or deep enough and our business unit operations are not efficient,” he said. “As a result, our financial performance continues to suffer.”
The job of turning around this struggling business now falls on John Stringer, who was named today as GigaMedia’s new CEO.For the past year, Stringer has been chief executive of Casino Wireless Services Inc., a little known Nevada corporation targeting the US casino mobile gaming market.
Between 1998 to 2006, Stringer held a number of roles at Taiwan-based Wyse Technology, including president, chief executive officer and chairman. He is credited with leading the company’s $1.2bn IPO in Taiwan and driving revenues from $5m to $200m.
“We are thrilled to have John take the helm of GigaMedia,” said chairman Michael Ding. “He has a wealth of experience in revitalising technology firms, developing new strategies and launching new products. He is a dynamic, insightful leader renowned for driving successful turnarounds and growth.”
“The new Giga begins today,” said Stringer. “We start with talented employees and strong positions in the online games industry that we can strengthen and build upon. I look forward to creating new opportunities for our customers, partners, and employees, and am confident the new Giga will deliver new value for our shareholders.”
Yichin Lee, who made no comment on his resignation as director and CEO, was said to be returning to his own professional services business.
Shares in GigaMedia Limited (Co. Data) (NASDAQ:GIGM) closed in New York yesterday at $0.81 cents per share.
TAIPEI, Taiwan, April 25, 2012 /PRNewswire via COMTEX/ -- GigaMedia Limited GIGM 0.00% today updated its progress in executing new management's turnaround plans.
The company's turnaround plans, driven by CEO John Stringer, are based on an explicit decision-making framework with clear objectives: effectively managing cash, maintaining the company's listing on NASDAQ, and executing new strategic growth plans.
Management is also reducing personnel to support productivity. Following a reduction in force in March at Jidi Joy in mainland China, management implemented similar steps in April at FunTown in Taiwan, reducing the team from approximately 260 to 230, and is currently reviewing operations at IAHGames.
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