Editorial Summary

GigaMedia Limited (Nasdaq: GIGM) reported financial results for the full year of 2007 before market on Tuesday. In the fourth quarter, GigaMedia's China platform, Shanghai-based online game company T2CN, recorded net revenue of US$4.0 million, up 2 percent quarter-on-quarter. Average monthly active paying accounts were flat with the previous quarter at approximately 360,000 accounts during the three month period while average monthly revenue per account was $3.45, an increase of eight percent quarter-on-quarter. The report said peak concurrent users of T2CN's licensed online basketball game FreeStyle was approximately 173,000 in the fourth quarter.