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GigaMedia Ltd. Message Board

  • buffetjr73 buffetjr73 Apr 13, 2004 11:27 AM Flag

    solid footing

    GIGM just announced that they are going to acquire a private company for cash. If GIGM was trully in financial dire straits, then they wouldn't be using their available cash to acquire a private company. Such decision would not make business sense and could be viewed as a breach of their fiduciary duty to its shareholders. I think there's potential upside once the dust settles. I'm hoping it's up from here...

2.45-0.01(-0.41%)Jul 22 3:57 PMEDT