In another "Executive Decision" segment, Cramer spoke with Andrew Damico, president and CEO of IntraLinks Holdings (IL), a company that assists in mergers and acquisitions by securely linking data systems to help speed up the process. Shares of IntraLinks got hammered, down 32%, when the company delivered inline numbers with lowered guidance.
Damico explained that he didn't know a key customer was ramping down its business with IntraLinks until after the quarter had closed. He said the IntraLinks did disappoint investors who bought into company's secondary offering just a few weeks ago. Damico said the close proximity of the bad news was not intentional, but added that nothing fundamentally has changed with the company.
Damico said he still sees great opportunities going forward for IntraLinks. He said the company raised guidance for its mergers and acquisitions business and sees its enterprise products, currently being used by the pharmaceuticals industry, growing 81% year over year. Damico called their key customers' sudden departure a "blip" in the company's performance.Cramer told viewers they should do some homework on IntraLinks, and if they feel today's 32% haircut was an overreaction, $20 a share would make an attractive entry point.
Lightning RoundCramer was bullish on Mercer Int'l (MERC), Limited Brands (LTD) and NovaGold Resources (NG). He was bearish on Bank of America (BAC), Clean Energy Fuels (CLNE) and Southern Copper (SCCO).
Closing CommentsIn his "No Huddle Offense" segment, Cramer said the stock market game just got a lot more honest, now that accused insider trader Raj Rajaratnam was found guilty on all counts. Cramer said any hedge fund manager knows that what Rajaratnam was doing was highly illegal, and his actions makes a mockery of those who actually do their homework on the companies they invest in. Rajaratnam proved that he knew nothing about the markets, only what the insiders were telling him. "Three cheers for the little guy," Cramer concluded. --Written by Scott Rutt in Washington, D.C. To contact the writer of this article, click here: Scott Rutt. To follow the writer on Twitter, go to http://twitter.com/scottrutt. To submit a news tip, send an email to: email@example.com. To watch replays of Cramer's video segments, visit the Mad Money page on CNBC. Want more Cramer? Check out Jim's rules and commandments for investing from his latest book by clicking here. For more of Cramer's insights during the Lightning Round, click here.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV