Taipei, Taiwan -- GigaMedia, a provider of online and off-line entertainment services in Taiwan, announced on Thursday that it has received notice from the Nasdaq that its shares are in danger of being delisted from the exchange. The company's shares have hovered near the Nasdaq's $1 minimum for nearly a year. GigaMedia requested a hearing before the Nasdaq, but said its shares may move to the SmallCap Market. In addition to operating a broadband ISP and entertainment portal, GigaMedia also operates two of the largest record store chains in Taiwan.
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