On Mad Money Jim Cramer was net bearish on the technology sectors. Sorted by average daily volume for the listed companies, some of the companies mentioned on the week of December 17 2012 are listed in the table below.
Data Source: Wall St. Watch Dog
8 of the ideas mentioned in the technology sector are worth extra attention.Cramer was bearish on companies reliant on the PC sector: Microsoft Corporation (MSFT) shares traded close to $30, until Windows 8 was released. Investors reduced their enthusiasm for Windows-based tablets, as the RT tablet failed to impress. There are many factors at play. In addition to needing time to build user-interest, the Surface tablet pricing, distribution, and uniqueness in the marketplace are other factors hurting demand. Hewlett-Packard Company (HPQ) is a company Cramer ranks a sell. HP recently reported a weak quarter, blaming accounting problems at its over-paid division, Autonomy, as the reason. Until HP innovates its line of computers and printers, investors should not expect shares to improve.
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On the bullish side, Cramer liked these companies: Oracle Corporation (ORCL). Oracle recently purchased Eloqua (ELOQ) for $23.50 per share. Eloqua is a cloud marketing software provider. The software company forecasted a growth in revenue during its quarterly report, and earnings of $0.64-$0.68 per share next quarter.