Cramer's Wall St. Confidential: Intel's Outside

Ahead of Intel's (INTC Quote) earnings call tonight, Jim Cramer said look elsewhere for solid tech plays.

Cramer told Wall St. Confidential host Aaron Task that he feels "very strongly" that Advanced Micro Devices (AMD Quote) cannot be knocked out by a big price war in chips.

Intel, while a "terrific" play on Microsoft's pending release of the Vista operating system, "is not nearly as good as buying the buyers of semiconductors," which is why Cramer said he's been recommending Hewlett-Packard (HPQ Quote), which he owns for his charitable trust, Action Alerts PLUS.

"It's down today, which makes no sense," he said of Hewlett-Packard. ...