Meanwhile, back at the fundamental ranch ... Jeff Berkowitz and Matt "Dot-Com" Jacobs have been calling in from these tech conferences and the word is "smokin'"!

Forget the

Fed

and the sell programs like the one that hit at the bell yesterday. Business at these tech companies continues to be extraordinary, especially if they are abetting the dot-com industry.

Join the discussion on

TSC

Message Boards. Those shorting tech because of a slowdown, a la

Dell

(DELL) - Get Report

and

Gateway

(GTW)

will get squeezed, given the tone of business so far this year.

Both guys keep calling in that revenues are well ahead of expectations for many of these stories. This is new, positive info and makes us more bullish about a group that has been knocked about quite a bit lately.

The hottest companies are in optical and wireless. They are even hotter than they were in quarter four. That's where they are urging us to increase our stakes. As many of these stocks have fallen in the past couple of weeks, I have no problem putting more money to work here.

James J. Cramer is manager of a hedge fund and co-founder of TheStreet.com. At time of publication, his fund had no positions in any stocks mentioned. 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.