Wednesday, February 22nd, 2012
The Taiwanese company has suffered falling revenues and increasing losses in recent quarters, which it has attributed to audience shifts from online gaming to mobile. Last September, the NASDAQ Global Stock Market threatened to delist GigaMedia if it couldn’t boost its share price above the $1 minimum.
Since then, GigaMedia has lost its president and COO Thomas Hui, CFO Quincy Tang, and CEO Yichin Lee. But it added former Wyse Technology head John Stringer as its new CEO, and Dirk Chen as its CFO. GigaMedia also appointed Chen and accountant Casey Tung to its board of
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