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GigaMedia writes off struggling Everest

18

May

12

Glaring absent from GigaMedia’s first quarter results released Thursday was any mention of the Everest Gaming business, now a part of Betclic Everest Group, which has been suffering under the burden of mounting losses.

GigaMedia attributed the omission to the failure on the part of Betclic Everest to provide it with financial results for the first quarter of 2012, but GigaMedia CEO John Stringer offered little hope for optimism when questioned about the subject.

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