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Jinpan International Limited Message Board

  • jjkotto jjkotto Oct 11, 2007 9:54 AM Flag

    GIGM...BEAR STEARNS $27 target

    GigaMedia Ltd.
    Double Happiness; Initiating Coverage with an Outperform Rating
    � Initiating at Outperform. We are initiating coverage of GigaMedia Ltd. with an Outperform
    rating and a year-end 2008 target price of US$27. Once a struggling Taiwanese broadband
    provider, GigaMedia has transformed itself into a purveyor of online entertainment with reach
    across Europe and Asia. We like GigaMedia for its solid presence in two growing and lucrative
    industries � real-money gaming software and online games We see revenue rising at a healthy
    clip, registering three-year CAGRs of 26% and 83% for the two segments, respectively, over

3.77+0.07(+1.89%)Sep 2 3:59 PMEDT