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Netflix, Inc. (NFLX) Message Board

  • jonny.deener jonny.deener Jan 28, 2014 11:06 PM Flag

    GIGM $1.14 UP 11% ...$1.47/SHARE CASH ZERO DEBT...CEO BUYS 1 MILLION SHARES...EXPECTS EXPONENTIAL GROWTH IN ONLINE GAMES AND CLOUD SERVICES

    Excerpts from SeekingAlpha article on GIGM today

    GIGM is grossly undervalued...... even with today's gain, GIGM is valued 30% below below cash value of $1.47/share and 200% below book value of $2.27.

    FYI....GIGM's CEO Collin Hwang has put his money where his mouth is by buying almost a million shares in the open market!

    Going forward, the company focus is on growth markets: mobile and social casino games, and cloud computing services.

    • Games business expects growth: New mobile games launches expected in the first half of 2014, followed by new social casino games.
    • Cloud business forecasts growth: New cloud services expected to make initial revenue contributions in Q4 2013; multiple new services to be launched in 2014 expanding target market to larger enterprises.

    Online games business

    GigaMedia is investing in and repositioning its online games business to align itself with strong growth in browser/mobile games in the social casino sector. Management targets a comprehensive, multi-platform offering of self-developed browser, mobile and PC-based games by early 2014, delivering improved financial performance and lower business risk.

    Cloud services business

    Developed by GigaMedia as an integrated platform of critical services and tools for small-to-medium enterprises (SMEs), GigaCloud provides cloud-based Software as a Service (SaaS) offerings. GigaCloud's hosted services enable SMEs to outsource key IT needs and increase flexibility, efficiency and competitiveness. Expansion of GigaCloud in 2014 will begin with both new hosted and new private SaaS applications and services refocused on larger SMEs; new consulting services are also planned.

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