Tuesday, 22 May 2007

UPDATE 1-GigaMedia quarterly profit rises

(Reuters) - The company attributed seasonal factors, notably a downturn
in online gaming during the summer, and increased competition
in its markets for the expected decline.




Shares of the company were down about 7.33 percent at
$14.80 in early morning trade on the Nasdaq.


Read more at Reuters.com Market News

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