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Net income was US $11.2 million, up 11 percent year-over-year and down 7 percent sequentially over the first quarter of 2008 on seasonality. Second- quarter 2008 non-GAAP basic and diluted earnings per share were $0.22 and $0.20, respectively, which exclude non-cash share-based compensation expenses.
What They Do: GigaMedia Limited (Singapore registration number: 199905474H) is a major provider of online entertainment software and services. GigaMedia develops and licenses software for online gaming. GigaMedia also operates online games businesses including FunTown, a leading Asian casual games operator and the world's largest online MahJong game site in terms of revenue, and T2CN, a leading online sports game operator in China.
How They Trade: GIGM has a 52 week high of $25.42 and a 52 week low of $10.16. Volume averages approximately 626K shares a day.
I-Flow Corporation (NASDAQ: IFLO) Closed at $9.72. Today announced today that its Board of Directors has authorized the repurchase of up to an additional one million shares of the Company's common stock under the Company's share repurchase program, for a total of up to two million shares authorized for repurchase under the program. The shares may be repurchased in open market or privately negotiated transactions in the discretion of management, subject to its assessment of market conditions and other factors.
What They Do: I-Flow Corporation is improving surgical outcomes by designing, developing and marketing technically advanced, low cost delivery systems and innovative surgical products for post-surgical pain relief and surgical site care.
How They Trade: IFLO has a 52 week high of $20.00 and a 52 week low of $8.23. Volume averages approximately 187K shares a day.
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