UPDATE 2-Thomson SA shares jump on state fund support hopes

* Stock up over 20 pct

* Traders cite talk French state fund may buy stake

* Thomson confirms fund support still an option

* However, spokeswoman says nothing new to report

(Adds details on govt fund, Thomson SA)

By Dominique Vidalon

PARIS, Jan 12 (Reuters) - Shares in Thomson SA (TMS.PA) rose over 20 percent on Monday, on renewed talk a French government bailout fund could take a stake in the financially stretched media company. A spokeswoman said support from the government fund, which was launched to support small- and medium-sized, and other strategic companies, was still an option, but there was nothing new to report at this stage. "At this stage it's still an option. It is something (among other options) that we are working on," the spokeswoman said.

Thomson SA, a 5.6 billion euro annual sales supplier of DVDs, video and telecom equipment, competes in some sectors with Motorola (MOT.N), Siemens (SIEGn.F), or Sony (6758.T).

In December, Le Figaro newspaper reported that the government had been mulling using some of the 20 billion euro ($26.78 billion) fund to help the group, whose market cap now barely exceeds 300 million euros after its stock slumped 90 percent last year.