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!

5mins ago someone from Russian Federation played Gypsy

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
    26
  • Members Online
    357
  • Guests
    2,058
Highest Community Rated Online Casinos
NextCasino
  (143 Ratings)
Bet365 Games
  (160 Ratings)
Cresus Casino
  (16 Ratings)
Unibet Casino
  (125 Ratings)
Betsson Casino
  (206 Ratings)
CasinoLuck
  (216 Ratings)
Spin Palace Casino
  (112 Ratings)
Redbet Casino
  (140 Ratings)
Mr Green Casino
  (274 Ratings)
Betsafe Casino
  (178 Ratings)
Slotty Vegas
  (103 Ratings)
32 Red Casino
  (295 Ratings)
Guts Casino
  (170 Ratings)
Winner Casino
  (332 Ratings)
Liberty Slots Casino
  (171 Ratings)
BitCasino.io
  (167 Ratings)
ComeOn Casino
  (233 Ratings)
Sin City Casino
  (94 Ratings)
Intertops Red Casino
  (120 Ratings)
Vera John Casino
  (169 Ratings)
BETAT Casino
  (188 Ratings)
Intertops Casino Classic
  (107 Ratings)
Casumo
  (130 Ratings)
Thrills Casino
  (126 Ratings)
Ladbrokes Casino
  (149 Ratings)
Royal Vegas Casino
  (130 Ratings)
Whitebet Casino
  (88 Ratings)
Jetbull Casino
  (101 Ratings)
Slotland
  (293 Ratings)
Vegas Red Casino
  (185 Ratings)


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