(VRTX - Get Report): "I think Vertex goes remarkably higher. That remains one of the best biotech companies."
In his second "Executive Decision" segment, Cramer sat down with Abhi Talwalkar, president and CEO of
, a stock that's up 16% for the year despite falling 25% from its highs over the past two months. LSI manufactures chips for hard drives, servers, routers and other equipment at the heart of the "big data" trend.
Talwalkar said that while there are soft spots in the tech world - mainly consumer and government spending - LSI is able to buck those trends by focusing on the growth areas of tech such as the cloud and wireless infrastructure. Nearly 80% of LSI's business pertains to infrastructure, said Talwalkar, which is why softness in notebook PCS, as reported by Dell, are not a factor.
When asked about the hard-drive market after flooding in Thailand, Talwalkar noted inventory remains lower than pre-flood levels and continues to build. However, more important for LSI, he said, are solid-state flash drives, which offer big profits for LSI. The company expects to be the number one player in the solid-state market this year.
Finally, when asked about the company's growing cash position, Talwalkar said that LSI remains focused on operating margin expansion as well as returning capital to shareholders through its stock buyback program.
Cramer remained bullish on LSI.
Am I Diversified?
In the "Am I Diversified" segment, Cramer spoke with callers and responded to tweets to
to see if investors' portfolios have what it takes for today's markets. The first portfolio included:
Cramer recommended selling Seagate in favor of a health-care stock or food company in order to get this tech-heavy portfolio diversified.
The second portfolio's top holdings included:
Cramer identified three of a kind with Intel, Cisco and Apple. He suggested adding an industrial and a food company and selling Cisco and Intel.
The third portfolio had:
American International Group
Government Properties Income Trust
Nordic American Tanker
as its top five stocks.
Cramer said this portfolio was diversified, with a great dividend yield to boot. --Written by Scott Rutt in Washington, D.C.
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