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"We are seeing signals that the traditional August-September tech rally that goes right to the end of the year is so alive that I urge people who are frightened by any of the mortgage issues to find themselves into the tech companies," Jim Cramer said on TV's Wall Street Confidential Web video Tuesday.

Component companies are surging in revenue and also in margins because they've gotten their costs down, he explained. It's been such a long time since business has been good that the companies have been cutting headcount.

Therefore, now when there's any bit of sales, "there's been tremendous, what's known as leverage, to the sales because of the gross margins," Cramer said.

It's not too late to own Intel (INTC - Get Report) and may not be too late to own Western Digital (WDC - Get Report), a company Cramer said he used to own 4% of for a very long time.

Concerning Advanced Micro Devices (AMD), he called the company's product release "disappointing."

"I expected more," Cramer said, adding that he believes AMD, like Circuit City (CC), is a company that doesn't have a reason to exist.

"I was impressed that AMD at one point had been competitive against Intel," he said. "I don't think Intel could have the expansion and gross margins above 52% if AMD had not faltered."
Jim Cramer is a director and co-founder of He contributes daily market commentary for's sites and serves as an adviser to the company's CEO. Outside contributing columnists for and, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for Action Alerts PLUS . Watch Cramer on "Mad Money" weeknights on CNBC. Click here to order Cramer's latest book, "Mad Money: Watch TV, Get Rich," click here to order his book, "Real Money: Sane Investing in an Insane World," click here to get his second book, "You Got Screwed!" and click here to order Cramer's autobiography, "Confessions of a Street Addict." While he cannot provide personalized investment advice or recommendations, he invites you to send comments on his column by clicking here . has a revenue-sharing relationship with Traders' Library under which it receives a portion of the revenue from Traders' Library purchases by customers directed there from

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