Intel's Coattails

When things are going right for Intel, you can speculate on a PC's innards.
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Yes, it is safe to say that if

Intel

(INTC) - Get Report

is working you can speculate in pretty much everything inside a personal computer. When we first did our pilot for "TheStreet.com" TV show -- don't worry, you will never see it -- I took a chainsaw to a PC and burst it open. I said that when Intel is smoking you can buy everything else that falls out, including the boxmaker's nameplate itself.

That's where we are today. Intel creates a huge umbrella that allows buys in drives, software, memory chips and all of the other stuff that a chainsaw might cut into.

Holy cow, even the drives. Never thought I would be able to write that again.

James J. Cramer is manager of a hedge fund and co-founder of TheStreet.com. At time of publication, his fund was long Intel. His fund often buys and sells securities that are the subject of his columns, both before and after the columns are published, and the positions that his fund takes may change at any time. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Cramer's writings provide insights into the dynamics of money management and are not a solicitation for transactions. While he cannot provide investment advice or recommendations, he invites you to comment on his column at

jjcletters@thestreet.com.