The earning will be bad based on my research. Chunghwa, the main player in Taiwan had a huge subcriber increase(hinet 16.3% and ADSL 55%), I anticipate that this increase is at the expense of GIGM and others' decrease. GIGM had a subscriber decrease last quater, I think the decrease this quater will be more. Do your own research on this, and make your own decision. IMHO
I Think you need to pay closer attention to their Earnings Release:
<<<Overall, total Internet and Data revenues remained flat quarter-on- quarter at NT$8.9 billion. While HiNet dial-up, ISP access and other Internet revenues recorded a 6.2% growth, ADSL revenue and leased line revenues recorded a 4.1% and 4.4% decline respectively. The decline in ADSL revenue is expected to be temporary, as it was a result of a 16% tariff reduction implemented in July. As of September 2003, ADSL subscribers reached 2.3 million and the Company expects to exceed its 2.4 million year-end target, with 25% of its ADSL subscriber base expected to be 1.5Mbps subscribers. >>>
That does not look like anyone's eating GIGM's lunch. Stay tuned for my "Part II" where I will show you why GIGM's earnings will rock.
I don't have a position now. I traded this stock several times. So I still pay attention it. I might get in after earning, it is just too risky to hold it now. You can find the information from Chunghwa Telecom (CHT), you also can check its website, it is in the latest news release.