Elbit Systems Ltd. (ESLT: chart) an Israeli company reported consolidated revenues for the fourth quarter of 2007 increased 26.5% to $591.1 million, as compared to $467.4 million in the same quarter of 2006. Net earnings for the fourth quarter of 2007 were increased by 33.2% to $31.9 million, or $0.75 diluted EPS as compared to $24.0 million, or $0.57 diluted EPS for the same period of 2006.

Net revenues for the year ended December 31, 2007 increased by 30% to $1,982 million, as compared with $1,523 million in the last year 2006.

Net earnings for the year ended December 31, 2007 increased by 6.2% to $76.7 million, or $1.81 diluted EPS as compared to $72.2 million, or $1.72 diluted EPS, in the previous year 2006.

Elbit systems (ESLT: chart) jumped $5.87 to $58.55.

GigaMedia Limited (GIGM: chart) online entertainment company in Taiwan said that net income increased 8 % to $10.7 million, or $0.20 basic and fully-diluted earnings per share from $9.9 million, or $0.18 basic and fully-diluted earnings per share and grew by 10% from the previous quarter of 2006.

For the full year 2007 revenues increased 77% to a record $166.9 million from $94.3 million in 2006. For the full year 2007, net income increased 26% to a record $38.9 million, or $0.65 fully diluted per share from $30.8 million, or $0.51 fully diluted per share in the last year 2006.

GigaMedia (GIGM: chart) fell $1.27 to $17.23.