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Cramer's 'Mad Money' Recap: Look for Intel to Double (Final)

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NEW YORK ( TheStreet) -- "Those who do not know their history are doomed to miss the move," Jim Cramer announced to the viewers of his "Mad Money" TV show Wednesday, as he boldly predicted a double for semiconductor giant Intel (INTC), a stock which he owns for his charitable trust, Action Alerts PLUS .

Cramer said Intel is amidst the most impressive product cycle he's ever seen, and he sees no reason why the stock shouldn't double right here. But only through the lens of history does such a move make sense, he said, and unfortunately, many Wall Street analysts simply weren't around in the 1980s and 1990s to truly know the company that is Intel.

Cramer explained that in 1982, when Intel introduced its then revolutionary 286 chip, the stock doubled. When it introduced the 386 chip is 1985, the stock doubled. When the 486 rolled off the assembly line in 1989, there was another double, and again in 1993 with the introduction of the Pentium. Likewise with the advent of the Internet, a double, followed shortly thereafter by another.

However since the dot-com boom of 2000, Intel's stock has wallowed, with no real new products to drive it higher. But not anymore, said Cramer. He said Intel's not only benefiting from a new product cycle, but also from one that includes consumers as well as businesses and plays domestically and internationally.

Cramer said all of the techs can be bought on Intel's strong news, including stocks like Hewlett-Packard (HPQ), SanDisk (SNDK), Western Digital (WDC), and of course Apple (AAPL), another Action Alerts Plus name.

Cramer said unlike the doubles of the past, investors have a rare opportunity to get in at a good price, at just 12 times earnings. An 18 multiple would be more like it, said Cramer, as Intel no longer just makes chips for PCs, but a whole host of new products.

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