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Cramer's 'Mad Money' Recap: Old-School Tech

08/09/07 - 07:32 PM EDT

TheStreet.com Staff

Click here for an archive of Cramer's "Mad Money" recaps.


In the past, the group that was usually sacrificed during a selloff was tech because it was too risky to hold on to, Jim Cramer said on his "Mad Money" TV show Thursday.

"Today the reverse is true."

Just look at Intel (INTC - Cramer's Take - Stockpickr), Texas Instruments (TXN - Cramer's Take - Stockpickr), Cisco Systems (CSCO - Cramer's Take - Stockpickr) and Microsoft(MSFT - Cramer's Take - Stockpickr) as proof, Cramer said.

In the old days, these stocks were the least secure, but now they have so much cash that not only do they not need to borrow, but they also have the potential to make big buybacks, he said.

Plus, historically these stocks have outperformed in the fourth quarter of the year.

Out of the tech stocks, Cramer said he's been close to Intel for years. In fact, in the 1990s he was a self-proclaimed "Intel-aholic," after which he fell off the wagon. But now he's back on and believes that people should consider buying this stock.

"You want Intel now," Cramer said, because August has historically been the bottom for the tech cycle. It's cheap and flushed with cash, and its growth rate is accelerating, he said.

And not only is it cheaper than Advanced Micro Devices (AMD - Cramer's Take - Stockpickr), but it's also the "much stronger part of the duopoly," Cramer said.

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At the time of publication, Cramer was long Corning.

Jim Cramer, host of the CNBC television program "Mad Money," is a Markets Commentator for TheStreet.com, Inc., and CNBC, and a director and co-founder of TheStreet.com. All opinions expressed by Mr. Cramer on "Mad Money" are his own and do not reflect the opinions of TheStreet.com or its affiliates, or CNBC, NBC UNIVERSAL or their parent company or affiliates. Mr. Cramer's opinions are based upon information he considers to be reliable, but neither TheStreet.com, nor CNBC, nor either of their affiliates and/or subsidiaries warrant its completeness or accuracy, and it should not be relied upon as such. Mr. Cramer's statements are based on his opinions at the time statements are made, and are subject to change without notice. No part of Mr. Cramer's compensation from CNBC or TheStreet.com is related to the specific opinions expressed by him on "Mad Money."

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