Cramer's 'Mad Money' Recap: Dot-Com Lowdown

It's time to clean up the dot-com space and go through with an Internet stock purge, Jim Cramer told viewers of his "Mad Money" TV show Tuesday.

There's been a revolution among the Internet stocks, he said, and it's time to remove Internet stocks that have been disloyal to investors and replace them with stocks that should be more dependable.

The first Internet stock Cramer told viewers to get rid of is eBay (EBAY Quote).

eBay, which completed the single worst acquisition in buying Skype, needs to be swept out of your portfolio, he said. Skype is a company that will generate no profit and cost too much.

Cramer called Amazon.com (AMZN Quote) "a bookstore that sells at 60 times earnings." It's the second Internet play people should ditch.

The management at Amazon already has enriched itself, and it doesn't seem like the CEO Jeff Bezos cares about the company anymore, Cramer said. In fact, Bezos is busy building a space port, Cramer said.

Cramer's last target for a dot-com purge was AOL, which is a part of Time Warner (TWX Quote).

AOL, which is rapidly shrinking into a pop-up ad fest, says Cramer, is giving its service away for free. This is not a smart move, he said.

In fact, Cramer believes that people are sticking with AOL only because of their AOL screen names.

In addition, Cramer said he is giving Yahoo! (YHOO Quote), which he owns for his charitable trust, Action Alerts PLUS, one more quarter to turn itself around.