GigaMedia Ltd. (GIGM) Returns to Growth as 2011 Begins, Showing Improved Operational Efficiency and Strong Product Traction
GigaMedia, www.gigamedia.com – the developer of content for several areas of operation in online entertainment, providing software and services for a variety of online gaming including the Company’s own highly successful venues, reported a return to an upward trend in growth and operating profitability for 2011. CEO of GIGM, Arthur Wang, cited steps taken to improve operating efficiency, prevailing economic conditions in European markets and the debut of several hot new games on the Company’s pan-Asian gaming platform as key factors generating this renewed growth. Wang pointed to the strong balance sheet and heavy cash position as the Company rounded…