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FORM Analysis

posted May 23, 2010, 4:43 PM by Mohit Kumar   [ updated May 24, 2010, 12:01 AM ]
FORM's Management Change...

FORM recently announced some leadership changes, with new management replacing Dr. Mario Ruscev and Jean Bernard Vernet, who stepped down from their respective roles of CEO and CFO. The board of directors accepted these resignations.

Our Take?...

The new CEO, Carl Everett, has prior experience at Dell and Intel, and has been at the company for over 10 years now. The CFO and the chair of the board have an impressive background as well. The new management is reviewing internal operations and will be implementing changes in order to “get back to basics”. They believe that they increased their market share in the downturn and that the better days are still to come! Everett looks focused to recover back to profitable and sustainable growth leveraging the company's technology leadership.

It appears that the old regime was not very popular internally in the company either. Perhaps, the new regime could turn around the lost form of FORM. With a steady balance sheet and unique technology, we still believe, our once high flying FORM, could regain its lost glory. We will keep a close eye on it and for now are happy to own it!

vs S&P...

The steep market decline has impacted our portfolio relatively lesser, indicating its strength. Our relative returns have actually gone up to 188.05%

What others are saying?...

Some interesting comments and articles have been posted by members on the Discussion/Updates Forum over the last few weeks. It is great to have others chiming in with their thoughts and you are encouraged to participate actively and share your thoughts as well! Remember, this forum is open to "everyone" and you can contribute to it as soon as you join it (by clicking the "Like" button).

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