While once upon a time Intel would have been the clear winner in the price war, AMD is finally big enough to take Intel down with it, he said.
Cramer also suggested that people sell Texas Instruments (TXN Quote), Qualcomm (QCOM Quote) and National Semiconductor (NSM Quote) as well.
However, Cramer said he would stick with Marvell Technology (MRVL Quote), which he owns for his charitable trust, Action Alerts PLUS, because it is levered to Apple's (AAPL Quote) iPhone product, which Cramer likes.
Cramer also distinguished MRV Communications (MRVC Quote) from the rest of the pack because seasonality has nothing to do with whether the company will spin off one of its divisions and make money for its shareholders, he said.
He called software a "total disaster" and said that Symantec (SYMC Quote) had "one of the ugliest preannouncements that was never supposed to happen." Cramer told viewers to stay away from the group.
He also advised viewers to avoid tech stocks that have businesses that revolve around storage. He suggested that market-players sell Rackable Systems (RACK Quote), Brocade Communications (BRCD Quote) and EMC (EMC Quote).
Moreover, Cramer said the handheld trade is "dead," and he told investors to sell Research In Motion (RIMM Quote).
As it's January, people need to play by the calendar -- and play to win. That means cleaning house and "thinking of dumping tech stocks that have nothing to help them float above the seasonality," he said.
- Loading Comments...
- Loading Comments...
Recent Comments
Featured Photo Galleries
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,452.68 | 1,109.24 | 2,185.03 | 33.23 |
Oil *
77.73
|
|
DOWN
18.90
|
UP
0.38
|
UP
9.22
|
UP
0.48
|
10 Yr
3.32%
SPDR Gold
119.18
|
|
-0.18%
|
+0.03%
|
+0.42%
|
+1.47%
|
Data delayed 20 minutes |














