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Intel Q2 earning signals it’s time to buy FormFactor

|Includes: FormFactor, Inc. (FORM)

Intel just released some great results today showing the strength of the technology sector and the demand for computers.  That means it’s time to jump on FormFactor NASDAQ:FORM.  FormFactor is currently trading at book value with virtually no debt but they haven’t had a profitable quarter for a while.  That could soon change as chip manufacturers start ramping up their capital spending behind the strong demand which will eventually translate into more sales for FormFactor.  They are also starting to gain more traction with flash memory chips, another area that’s going to see phenomenal volume growth in the coming years.  The chip manufacturing industry is notoriously cyclical and you would much rather get in on the first floor.

Disclosure: Long FORM