Big-Screen TV Supply Looks Just Right

Corning (GLW - commentary - Cramer's Take) and Microchip (MCHP - commentary - Cramer's Take) just got a boost off this Best Buy (BBY - commentary - Cramer's Take) earnings conference call: At last, the inventories for big-screen televisions are just right going into the holiday shopping season.

The bears had been circulating a ton of stories of late that there was, once again, a gigantic inventory build in the system for big-screen television. I got this view from a bunch of bears, who were leaning all over the big-screen complex.

Not anymore.

Now we're beginning to understand why tech acts a little better: Nokia (NOK - commentary - Cramer's Take) last night said things are good at the high-end, big-screen televisions are in decent but not over supply, and PC-TV merger/convergence is spurring sales of just about everything, including Cisco (CSCO - commentary - Cramer's Take), which is now the player in cable television.

Hmm. The rally makes sense!

At the time of publication, Cramer had no positions in the stocks mentioned.

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