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Don't Stop Making Websense
On days like Black Monday or Cyber Monday, when employees are "stealing" time at work by shopping online for holiday gifts, Grinch-like employers who want to fight back may consider purchasing products such as those made by Websense ( WBSN) said Jim Cramer on his "Mad Money" TV show Monday. Websense makes software that "improves employee productivity and optimizes IT resources," said Cramer. What the products really do is monitor and restrict employee Internet usage, he said, which can help combat lost productivity due to employees shopping online. Websense has received several downgrades recently based partly on valuation, but Cramer is not concerned. Websense has had 26 quarters of sequential revenue growth and has been profitable since Sept. 2001, he said. The company had revenue of $108.5 million during the first three quarters of 2005, just a bit less revenue than the company had in all of 2004. Thus, Websense is experiencing accelerating revenue growth, which should propel the stock, he said. In response to a question about Symantec ( SYMC), Cramer said he would sell Symantec and buy Websense.
Bullish on South Korea
Cramer is bullish on South Korea and the best way to play it, he said, is through Shinhan Financial Group ( SHG), Korea's second-largest bank; and FormFactor ( FORM), a semiconductor tool company based in the U.S. that does its manufacturing in Korea. Shinhan is poised to benefit from a strong South Korean economy and "massive deregulation" coming in banking. DRAM products account for 75% of FormFactor's sales, and that business is growing at 25%. But flash memory is where the future is, said Cramer, and FormFactor's flash tool business, while representing just 14% of sales, is growing at 75%, he said. What's more, Fidelity owns 15% of FormFactor, an added vote of confidence.