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GigaMedia: 2008 Record Profit of $44.4 Million on 25% Revenue Growth ; Highlights of Full-Year 2008 Unaudited Results; -- Consolidated Revenues Grew 25 Percent to a Record US$190.4 Million. -- GAAP Consolidated Income From Operations Increased 2 Percent Year-Over- Year to a Record US$38.1 Million. -- Non-GAAP Consolidated Income From Operations Increased 17 Percent Year-Over-Year to US$44.8 Million. (Note 1) -- GAAP Consolidated Net Income Grew 14 Percent to a Record US$44.4 Million. -- GAAP Basic and Fully-Diluted Earnings Per Share Were US$0.82 and US$0.74, Respectively.; Note 1: Non-GAAP Measures Are Disclosed Below and Reconciled to the Corresponding GAAP Measures in the Attachment Entitled "Reconciliations of Non- GAAP Results of Operations."; Operational Highlights and Developments; -- Everest Bets Sports Betting Launches on Everest Gaming Platform in December 2008, Adding Important Product Vertical and Enriching Platform Offering. -- Asian Online Games Platform Launches Holic in January 2009. -- GigaMedia Secures Exclusive China Rights for Luna Online - One of Asia's Most Successful MMO Games; Plans China Launch in Summer 2009. -- Everest Poker Obtains a Five- Year Remote Gaming License From the European Union Member Malta, Supporting Continued European Growth.
 
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