Read His Lips: No New Negatives

Cramer reviews the news in Intel and Microsoft.
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Intel's

(INTC) - Get Report

fine. Investors are taking its stock at 95 as I prepare for my

Yahoo!

chat.

Microsoft

(MSFT) - Get Report

gives the reins to

Steve "Shoe Box" Ballmer

(he used to carry change around in a shoe box when we played cards together in college), so no new negatives there. By the way, I love his hair, which pretty much fell out strand for strand with mine, but that's where the similarities end.

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Intel

The Intel capital-spending number was huge, so I am still trying to gobble up some semiconductor-equipment names. (Usual suspects.)

Which leaves us just Mr.

Greenspan

. And he is as unknowable as ever. But he would have to announce his intention to short

TheStreet.com Internet Sector

index to knock it down after these numbers.

Random musings:

Gotta go hop onto the Yahoo chat. Oh, yeah -- Yahoo!-haters, I remain long. I know there is some sort of debate about me and Yahoo! raging in cyberspace. Here's my comment: There's more to life than my Yahoo!, but my kids do have Yahoo! backpacks and they do have Yahoo! pyjamas.

James J. Cramer is manager of a hedge fund and co-founder of TheStreet.com. At time of publication, his fund was long Intel, Microsoft and Yahoo!. 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.