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!

3mins ago someone from United States played Jackbots

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
    23
  • Members Online
    310
  • Guests
    2,065
Highest Community Rated Online Casinos
NextCasino
  (99 Ratings)
Bet365 Games
  (114 Ratings)
CasinoLuck
  (161 Ratings)
Betsson Casino
  (149 Ratings)
BitCasino.io
  (101 Ratings)
Guts Casino
  (117 Ratings)
Redbet Casino
  (94 Ratings)
Intertops Casino Classic
  (70 Ratings)
Unibet Casino
  (92 Ratings)
Slotty Vegas
  (57 Ratings)
Betsafe Casino
  (125 Ratings)
3Dice Casino
  (165 Ratings)
Spin Palace Casino
  (87 Ratings)
Thrills Casino
  (87 Ratings)
Uptown Aces
  (73 Ratings)
Liberty Slots Casino
  (115 Ratings)
32 Red Casino
  (197 Ratings)
Mr Green Casino
  (227 Ratings)
ComeOn Casino
  (175 Ratings)
Winner Casino
  (289 Ratings)
Vera John Casino
  (134 Ratings)
Casino Saga
  (68 Ratings)
Jetbull Casino
  (66 Ratings)
Casumo
  (82 Ratings)
BETAT Casino
  (133 Ratings)
Sin City Casino
  (66 Ratings)
River Nile Casino
  (74 Ratings)
SimbaGames
  (8 Ratings)
Crazy Vegas
  (121 Ratings)
Whitebet Casino
  (60 Ratings)


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