Citi Adds FORM to Top Picks Live

Citi has added FormFactor Inc. FORM to its list of best ideas, Top Picks Live. According to Citi, "Our recent checks in Asia indicate that FORM recently got a major order for Matrix-based DRAM probe card from Elpida used in mobile DRAM products. This is the first volume purchase from Elpida (formerly 20%+ customer for FORM) since it introduced its Matrix product about a year ago. We estimate ~10-15 units in the first batch of shipments in CQ2, but with FORM's newly shortened lead times, solid execution should lead to a snowball effect." FORM has a Buy/High Risk Rating and a $13 PT. Form closed at $8.64 yesterday.