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, Jim Cramer said that tech's move toward wireless Internet and smartphones "cannot be denied."
He said there's still room in leaders such as
Research In Motion
( RIMM) and
( PALM). Cramer also said that component makers should benefit from the wireless Internet phenomenon, including
Action Alerts PLUS name
He recommended rebuilding a position in Research In Motion under $75 and on any weakness in the other names.
On Thursday, Apple lost 30 cents, or 0.2%, to close at $139.95; RIM added $1.99, or 2.4%, to $85.44; Palm closed up $1.44, or 12%, at $13.43; and Qualcomm slid 9 cents, or 0.2%, to close at $45.98.
To play Friday's transition to digital TV, Cramer suggested
, which he said should benefit in the short term from the one in 10 people in the U.S. who haven't already switched to digital TV.
On Thursday, Radio Shack closed up 11 cents, or 0.8%, at $14.82.
, Cramer said that while he'd "showed very little faith" in
, the company is "doing well."
On Thursday, Tupperware lost 12 cents, or 0.5%, to $26.56.
"will end up buying other banks," said Cramer. "I want you to stick with it and buy more." He called it "the most solid bank in Ohio."
First Merit added 29 cents, or 1.7%, to $17.08 on Thursday.
At the time of publication, Cramer was long Qualcomm.
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