Stephen Simpson, CFA
Long only, growth at reasonable price, value, research analyst

Cascade Microtech Being Reformed

It's been a while since I've written about either Cascade Microtech (NASDAQ:CSCD) or FormFactor (NASDAQ:FORM), but until very recently, these companies and stocks were performing more or less how I expected. Cascade has continued to leverage its strong position in R&D-driven engineering probe stations and cards, while also benefiting from RF chip volume growth in its production probe business. FormFactor hasn't been as impressive, as the company has struggled to find gross margin leverage despite its strong share in system-on-chip (or SoC) and DRAM probe cards. The future of these two companies is now even more intertwined, as the companies announced an agreement on February 4 that will see FormFactor acquire Cascade in a cash and ...
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