SanDisk's Music Appreciation

SanDisk ( SNDK) CEO Eli Harari joined Cramer by telephone on the show. Cramer asked Harari why his company was getting into the MP3 music player market when every company except Apple ( AAPL) has failed with it.

Harari said he believes the biggest market for music worldwide will ultimately be cell phones equipped with music capabilities.

Cramer said he agreed and asked Harari if SanDisk's competitor, Samsung, is possibly losing money on its deal with Apple to supply chips for Apple's new iPod nano given the nano's pricing.

Harari said he did not believe Samsung was losing money on the deal. But, he said through the nano, Samsung was upstaging and displacing micro-hard drives with its flash memory chips, which is good news for SanDisk in that it helps open up new markets.

Cramer asked Harari what percentage of cell phones will have slots for flash memory cards in 2006.

Harari said 150 million out of roughly 700 million handsets produced in 2005 would have flash memory card slots, and the market would continue to grow in 2006. Music downloads should fuel that growth, he said.

Commenting on its multilevel-cell (MLC) technology, Harari said SanDisk had licensed the technology to Intel ( INTC), Samsung, Toshiba and Hitachi ( HIT), and his company is suing STMicroelectronics ( STM) over the technology.

Cramer summed up the interview saying SanDisk "is the best-performing stock in tech," and it is going higher, he said.

Lightning Round

Bullish

Cramer was bullish on Sirius Satellite Radio ( SIRI), Lucent Technologies ( LU), Lowe's ( LOW), Exxon Mobil ( XOM), Intermagnetics General ( IMGC), GenCorp ( GY), LeapFrog Enterprises ( LF), Sonic ( SONC), America Movil ( AMX), Pike Electric ( PEC), St. Jude Medical ( STJ), Weyerhaeuser ( WY), Dresser-Rand Group ( DRC), Netflix ( NFLX), National Oilwell Varco ( NOV), Aqua America ( WTR) and Chesapeake Energy ( CHK).

Bearish

Cramer was bearish on Home Depot ( HD), Amylin Pharmaceuticals ( AMLN), TransGlobe Energy ( TGA), Fastenal ( FAST), Applied Materials ( AMAT), Petrobras Energia Participaciones ( PZE), First Marblehead ( FMD), Brightpoint ( CELL), Synovus Financial ( SNV), Vail Resorts ( MTN), Forward Industries ( FORD), Hewlett-Packard ( HPQ), Nortel Networks ( NT) and Blockbuster ( BBI).


Interested in more Cramer? Check out Jim's rules and commandments for investing from his latest book by clicking here. It's a series of articles from Cramer on how to become a better investor. The following table lists some of the rules that Cramer dissects.

1. Pigs Get Slaughtered 2. It's OK to Pay the Taxes
3. Don't Buy All at Once 4. Buy Damaged Stocks
5. Diversify to Control Risk 6. Do Your Homework
7. Don't Panic 8. Buy Best-of-Breed
9. Defend Some Stocks 10. Don't Bet on Bad Stocks
11. Own Fewer Names 12. Cash Is for Winners
13. No Regrets 14. Expect Corrections
15. Know Bonds 16. Don't Subsidize Losers
17. No Room for Hope 18. Be Flexible
19. Quit When Execs Do 20. Patience Is a Virtue
21. Be a TV Critic 22. When to Wait 30 Days
23. Beware the Hype 24. Explain Your Picks
25. Find the Bull Market
Check back for more of Cramer's Rules
At the time of publication, Cramer was long Boeing, Fording Canadian Coal Trust, General Mills, Intel and Lucent.

James J. Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for ActionAlertsPLUS. While he cannot provide personalized investment advice or recommendations, he invites you to send comments on his column by clicking here. Listen to Cramer's RealMoney Radio show on your computer; just click here. Watch Cramer on "Mad Money" at 6 p.m. ET weeknights on CNBC. Click here to order Cramer's latest book, "Real Money: Sane Investing in an Insane World," click here to get his second book, "You Got Screwed!" and click here to order Cramer's autobiography, "Confessions of a Street Addict." Cramer appreciates your feedback and invites you to send him an email by clicking here.

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