Cramer's 'Mad Money' Recap: Long-Term Portfolio Games

The company used to be king of the PDA, but now the product to watch is its Treo smartphone, which Cramer said is a great example of digital convergence. This means that the Treo combines all of your gadgets in a single device, including high-speed Internet access, and it has easy-to-use touch screens.

He said that it is also best of breed, in part because it runs on Windows, unlike the old Treo or the BlackBerry.

This means users can download Microsoft Word documents, hook up to Outlook and download Excel charts all with ease, he said.

He said that the company is trying to expand outside of the enterprise market and into the consumer market and that the company's double-digit sales and earnings growth projections could be too low.

Mad Mail

From the "Mad Money" mailbag, a viewer wanted to know some good plays on Japan. Cramer recommended looking at Matsushita(MC), Kubota(KUB), Kyocera(KYO) and Toyota(TM).

Another viewer wanted to know how Cramer could recommend Blackboard(BBBB), as he did on Wednesday's show, when Microsoft(MSFT) makes a similar product.

Cramer reminded the viewer that Microsoft didn't beat Yahoo!(YHOO) or Google(GOOG), just as many of its other initiatives have lagged the competition.

Lightning Round

Cramer was bullish on: Starwood Hotels(HOT), Cephalon(CEPH), Forest Oil(FST), Best Buy(BBY), C.H. Robinson Worldwide(CHRW), Amcol International(ACO), Sirius Satellite Radio(SIRI), Diamond Offshore Drilling(DO), Michaels Stores(MIK), Henry Schein(HSIC), Walgreen(WAG) and Varian Medical(VAR).

Cramer was bearish on: Pfizer(PFE), Skyworks Solutions(SWKS), Imax(IMAX) and USG(USG).

For more of Cramer's insights during the Lightning Round, click here.

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