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Editor's Note: This was originally published as an Action Alerts PLUS at 10:40 a.m. EST on Dec. 30 to subscribers of Action Alerts PLUS. It is being reprinted as a sample for readers.

Dear Action Alerts PLUS Subscriber,

After moving in a narrow trading range for the past six weeks, shares of

Symbol Technologies

(SBL:NYSE) are up more than 7% this morning, to $17.05. The company said last night that it amended the terms of its $250 million credit facility, and no longer will look to push through a stock offering to fund its July acquisition of RFID company Matrics.

Symbol management said that it had paid down $50 million of the previous credit line and expects the company to continue generating solid cash flow into 2005. I believe the Matrics purchase fits well into the company's growth strategy, and earnings should grow about 60% in 2005 to 60 cents to 65 cents a share.

I own the stock 20% lower. But if you readers didn't purchase Symbol alongside me around $14, I believe any near-term pullback would create an attractive buying opportunity.


James J. Cramer

P.S. One of the keys to successful investing is a smart portfolio strategy. So, you might want to consider a

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I act.

At the time of original publication of the Alert, Cramer was long Symbol. He is still currently long Symbol.

James J. Cramer is a director and co-founder of He contributes daily market commentary for's sites and serves as an adviser to the company's CEO. Outside contributing columnists for and, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made.

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