Jim Cramer's Stop Trading! Tech Ideas

He likes Texas Instruments and Hewlett-Packard.

Author:: TheStreet.com Staff
Publish date:: Jun 19, 2006 3:46 PM EDT

He likes Texas Instruments and Hewlett-Packard.

People looking for a tech play in the current market should consider

Hewlett-Packard

(HPQ) - Get Report

and

Texas Instruments

(TXN) - Get Report

,Jim Cramer said on

CNBC's

"Stop Trading!" segment Monday.

"If you think

Intel's

(INTC) - Get Report

going up then you should buy Texas Instruments," whose chips for video and cell phones are a much better business than PCs, Cramer said.

Hewlett-Packard "is still very cheap" and the company is run by "an inspirational leader," CEO Mark Hurd, Cramer said. "Forget about the other guys."

Cramer also urged viewers to put in orders for

next week's initial public offering by

J. Crew

, citing the chain's "great comp numbers." Cramer was less sanguine about the former employer of J. Crew chief Mickey Drexler, the

Gap

(GPS) - Get Report

. When it next reports numbers, the Gap "misses really badly," Cramer predicted.

In another sector, Cramer said, shares of the two main satellite radio companies remain "hideously overvalued," but if forced to choose, go long

Sirius

(SIRI) - Get Report

and short

(XMSR)

At the time of publication, Cramer had no positions in the stocks mentioned.

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