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Jim Cramer's Stop Trading! Buy Seagate

01/03/07 - 02:58 PM EST

TheStreet.com Staff

Buy Seagate (STX - Cramer's Take - Stockpickr) and Hewlett-Packard (HPQ - Cramer's Take - Stockpickr) to cash in on the consumer stampede into Microsoft's (MSFT - Cramer's Take - Stockpickr) Vista operating system, Jim Cramer said Wednesday on CNBC's "Stop Trading!" segment.

Cramer said tech is getting hammered Wednesday in large part because of a sweeping downgrade from Goldman Sachs. But Cramer said that this year, unlike most, there is a driver for tech stocks in general and PC stocks in particular as the new year opens: the huge Vista rollout.

"There's plenty of reasons to own PC stocks," Cramer said, adding that the Vista upgrade cycle will be sufficient to support even recent industry laggard Dell (DELL - Cramer's Take - Stockpickr). "PCs will be in everybody's face the next three weeks."

Cramer said sales of Vista-equipped PCs will bolster H-P and that Seagate will be the "primo beneficiary of the need for Vista memory."

Cramer also named three nontech stocks he likes right now: Polo Ralph Lauren (RL - Cramer's Take - Stockpickr) for its "bulletproof" apparel brand, Fortune Brands (FO - Cramer's Take - Stockpickr) for its mix of liquor and home-improvement properties and Johnson Controls (JCI - Cramer's Take - Stockpickr) for its controls business.

At the time of publication, Cramer was long Hewlett and Seagate.

Jim Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for Action Alerts PLUS. Listen to Cramer's RealMoney Radio show on your computer; just click here. Watch Cramer on "Mad Money" at 6 p.m. ET weeknights on CNBC. Click here to order Cramer's latest book, "Real Money: Sane Investing in an Insane World," click here to get his second book, "You Got Screwed!" and click here to order Cramer's autobiography, "Confessions of a Street Addict." While he cannot provide personalized investment advice or recommendations, he invites you to send comments on his column by clicking here.

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