Reports of the death of tech are completely overblown, said Jim Cramer Wednesday on his "RealMoney" radio show .
Cramer said he has been combing through transcripts of tech earnings calls, and he sees strong demand for enterprise systems, Internet, cell phones, video games, big-screen TVs and Apple's ( AAPL) iPod. In enterprise technology, IBM ( IBM) is doing fine -- not spectacular, but well enough that its stock can go up at least $2, said Cramer. EMC ( EMC) is doing even better, he said. The Internet is very strong, as evidenced by Yahoo!'s ( YHOO) picture-perfect quarter. Yahoo! is seeing strong growth in advertising and page views. The Internet group knows no seasonality, said Cramer, and it's why newspaper stocks go down every day. Headlines declaring that Intel ( INTC) is seeing disappointing demand are untrue, said Cramer, although it is true Advanced Micro Devices ( AMD) is taking some market share from Intel. Laptop computers sales are doing pretty well, but not great, he said. Cell-phone demand as measured by Motorola ( MOT) is strong. The "cell phone market is hotter than I've every seen it," said Cramer. The video-game business is booming. Cramer believes there will be Harry Potter-like hoopla for Microsoft's ( MSFT) new Xbox. There is no weakness in big-screen TVs even though there should be. Corning ( GLW) and Texas Instruments ( TXN) are probably OK here, he said. Apple is strong due to demand for its iPod line. Try to find "anything iPod anywhere," said Cramer. RealMoney.com contributor and TheStreet.com Internet Review author James Altucher joined Cramer by telephone to discuss Internet stocks. Altucher said all aspects of commerce are moving to the Internet bit by bit. Internet purchases currently make up only 2% to 3% of transactions, but he believes that number will eventually get to 50%. Internet advertising is also growing very fast. Currently, 8% of advertising dollars are spent online. But Altucher said online advertising is a dream come true for advertisers because it allows them to track the effectiveness of their ads and pay for performance. Cramer expects online advertising to double in the next three years.