Update: Turnaround Strategy Applied by GigaMedia


Board claims the strategy is gaining momentum

The latest news from GigaMedia Limited, the online gaming software and services provider who develops and operates online games in Asia and retains a 40 percent equity interest in Mangas Everest ("Everest Gaming"), involve news that the company has regained its NASDAQ Stock Market minimum bid price listing requirements, so it is able to maintain its listing.

It seems like the company’s turnaround strategy, employed after the weak results in the last fiscal report, has been working. In addition, the company announced that it plans to focus on mobile and social gaming.

According to the company’s new CEO John Stringer, the management’s plans, which include clear objectives, effective cash management, maintaining the NASDAQ listing and executing a new strategic growth plan, have been moving forward. He also specified that the company is currently in the process of merging its Hong Kong offices.

Still, the company’s headquarters will remain in Taipei, Taiwan.

Gambling Law & Society News General Gambling News

Members Comments

  • yobes

    12/2/12

    Got to love markets just announce your using a strategy and stock prices go up. I like the objectives and plans but if they don\'t work...

Login to post a comment:


 
 

Click Here to register a new account

What's going on right now!

4mins ago someone from United Kingdom read Casino Live 24/7 - Closed for Maintenance review

Casino Community

Share this page on:
Follow LCB on:
Follow LCB

Casino Of The Month

Casino of the Month

In the last 24h

Totals

  • New Members
    17
  • Members Online
    321
  • Guests
    2,133
Highest Community Rated Online Casinos
Vera John Casino
  (129 Ratings)
Jackpot Capital
  (97 Ratings)
BetVictor Casino
  (128 Ratings)
Slotland
  (224 Ratings)
Win A Day Casino
  (233 Ratings)
High Noon Casino
  (176 Ratings)
Aladdins Gold Casino
  (141 Ratings)
CasinoEuro
  (91 Ratings)
Slotastic
  (85 Ratings)
Omni Casino
  (156 Ratings)
Platinum Play Casino
  (76 Ratings)
Party Casino
  (93 Ratings)
Red Flush Casino
  (107 Ratings)
GoWild Casino
  (227 Ratings)
Maple Casino
  (73 Ratings)
Casino Action
  (175 Ratings)
Vegas Casino Online
  (133 Ratings)
Club Gold Casino
  (201 Ratings)
GoldenCherry Casino
  (248 Ratings)
La Riviera Casino
  (43 Ratings)
Zodiac Casino
  (69 Ratings)
Win Palace
  (190 Ratings)
Slots Plus
  (111 Ratings)
Casino Titan
  (144 Ratings)
Pamper Casino
  (251 Ratings)
AC Casino
  (188 Ratings)
Cool Cat Casino
  (191 Ratings)
Club Player Casino
  (138 Ratings)
Wild Vegas Casino
  (127 Ratings)
Royal Ace
  (102 Ratings)


Follow LCB on Facebook Follow LCB on Twitter Follow LCB on Pinterest Follow LCB on Google plus