Wheeling and Dealing in Tech

More deals brewing in tech? If EMC (EMC - commentary - Trade Now) keeps raising its bid for Data Domain (DDUP - commentary - Trade Now), could it possibly have to sell the rest of VMware (VMW - commentary - Trade Now) to raise some capital? (We've been thinking that's possible as we pick away forAction Alerts PLUS.) NetApp's (NTAP - commentary - Trade Now) not going to go down without a fight, but the company's clearly trying to be a consolidator, so wouldn't it make sense for the company to buy someone else if it fails in its Data Domain quest?

Or how about Sprint (S - commentary - Trade Now)? It has the Palm (PALM - commentary - Trade Now) Pre, which is a big deal even if it is for a short term. The group's finally got some lift, and I think Sprint's a natural to be bought or to turn.

Brocade's (BRCD - commentary - Trade Now) sneaking up here, and I have always thought that the Cisco (CSCO - commentary - Trade Now) competitor would make a nice fit with Hewlett-Packard (HPQ - commentary - Trade Now).

I am a continual believer that eBay (EBAY - commentary - Trade Now) should be purchased just for PayPal, and the company's recent presentation didn't do much to quell such thoughts.

Ironically, the one name that has so often been linked with "takeover," Yahoo! (YHOO - commentary - Trade Now), seems to have totally dropped off the target radar screen, and the CFO appointment seems to indicate that any speculation is just plain over.

Still, this is the group where deals are alive and well.

Expect more before the summer begins in earnest. This is another reason I think shorting the PowerShares QQQ (QQQQ - commentary - Trade Now) or betting against the Nasdaq here is just a sucker's play.

At the time of publication, Cramer was long EMC, Cisco and Hewlett-Packard.

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