I love this company so much, but its current valuation does not compare favorably to others in the sector like PartyGaming and Cryptologic.
For comparison, Cryptologic actually has higher trailing twelve month earnings than Gigamedia, has $110M in net cash on their balance sheet, and arguably has better short growth prospects. Yet CRYP is valued at about $320M and GIGM is valued at about $680M.
Of course, on the other hand, check out the traffic growth on Everest Poker for the past several months:
Pokersitescout
It's hard to put a valuation on them because they are growing so fast, but they are going to have phenomenal earnings for the forseeable future.
They also have a few other interesting projects in the works, like an upcoming real money online Mahjong site, a successful Taiwanese casual gaming portal, and Taiwanese distribution rights to a very promising MMO game called Hellgate:London.