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Question from a reader:

What is going on with KHD? You were so positive on it but the stock has dropped a lot. Do you still think that it is a good investment? Thanks.

As one of my favorite growth stocks, it is nice to see Gigamedia (GIGM) hitting on all cylinders.<!----> The company released 1st quarter of 2008 results Tuesday and the growth continues at a great rate. GIGM is managing to rapidly grow its existing platforms and at the same time enter new markets with new products with even greater growth potential. I will break down some of the facts and financial highlights here.

Youcan think of Gigamedia’s business as two business units. The first iswhat it refers to as gaming software. This unit consists of thecompany’s flagship Everest Poker (internet

Gaming and Gambling in china. Whats not to like about it ? Revenue soared 155% higher to $30.1 million and profits more than quadrupled to $0.17 a share for the last profit. Most recent news, Mr. Chou joins Gigamedia.

via . Yahoo News - Mr. Chou's profile -

More than 20 years of experience in entertainment and advert. industry.

Chairman and chief executive officer of Warner Music for the Greater China Region from 2004 to 2006.

Prior to that, Mr. Chou was MD for  Warner Music

While at Warner Music, Mr. Chou was selected by Time Magazine as one of five "People to

Most of present revenue comes from licensing with Everest Poker in EU

Had no revene from the US, so untouched by latest US laws

T2CN and FunTown will be bringing in a huge new cash flow with online games in Asia

MSFT launching X Box live Arcade Taiwan through GIGM ( believe MSFT owns 8%)

Just bought part of Singapore-based online games distributor Infocomm Asia Holdings

They just became the sales agent for on-line game Hellgate: London

Has just  licensed its real money MahJong and other Asian game software to the Carmen Media Group, a global leader in online entertainm