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NEW YORK (
) -- The world is moving away from the traditional PC, Jim Cramer told Debra Borchardt at
Thursday after reviewing the horrible quarters reported by
Cramer said that one of
biggest weaknesses has always been the enterprise. Now, with the iPhone and iPad both making inroads into business, the game has changed. That's why Cramer remains a fan of Apple and owns it for his charitable trust,
Action Alerts PLUS.
PCs aren't typewriters and they're not going away entirely, said Cramer. But it's clear that HP's half-hearted attempts at a tablet and its nonexistent cloud strategy have hurt it beyond repair.
Dell, he said, is not as bad as HP since the company has more cash on hand. However, over the long run both companies will remain troubled and turnarounds are unlikely.
Watch the full Cramer interview
--Written by Scott Rutt in Washington, D.C.
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At the time of publication, Cramer's Action Alerts PLUS had a position in AAPL.
Jim Cramer, host of the CNBC television program "Mad Money," is a Markets Commentator for TheStreet.com, Inc., and CNBC, and a director and co-founder of TheStreet.com. All opinions expressed by Mr. Cramer on "Mad Money" are his own and do not reflect the opinions of TheStreet.com or its affiliates, or CNBC, NBC Universal or their parent company or affiliates. Mr. Cramer's opinions are based upon information he considers to be reliable, but neither TheStreet.com, nor CNBC, nor either of their affiliates and/or subsidiaries warrant its completeness or accuracy, and it should not be relied upon as such. Mr. Cramer's statements are based on his opinions at the time statements are made, and are subject to change without notice. No part of Mr. Cramer's compensation from CNBC or TheStreet.com is related to the specific opinions expressed by him on "Mad Money."
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