Identify those companies in tech that are waging price wars -- and avoid them, Jim Cramer advised in the TheStreet.com TV's Wall Street Confidential video Friday.

Host Aaron Task said it seems as though the damage has been contained after recent warnings from software company SAP ( SAP) and chipmaker Advanced Micro Devices ( AMD). Cramer said both businesses have been challenged for some time, with AMD being a repeat warning offender. AMD is locked in a vicious price war with Intel ( INTC).

As for SAP, Cramer said it's also another company that he expects to hear negative things about. There probably should have been a heads-up that SAP could go down after Amdocs ( DOX) plummeted yesterday, Cramer said, adding that rival Oracle ( ORCL) should go down as well.

"There's some sort of negativity going on in this customer relations management business that I can't get my arms around, and until then I can't recommend anything in that space," Cramer said.

Task mentioned that Helene Meisler, a longtime contributor to RealMoney.com, has been saying that Oracle looks like a good short. Cramer noted that Oracle just went from $12 to $18, and there also is a price war in that kind of software.

"You've got to stay away from those," he said of software that doesn't have a distinct proprietary aspect to it. "There are enough places where there are no price wars -- you don't need a price war."

Asked if the bears have been defeated, Cramer responded that it is too early to tell.

"I think that the bears have to make a stand here," Cramer said. "I think that it's Friday afternoon and you gotta knock some stuff down soon. You gotta try to make it look like it's more than just AMD."

Cramer said it is a tough time for the shorts right now, as there is a lot of money that just started coming in.

Moving to oil, Task pointed to the recent rebound in some stocks after ConocoPhillips' ( COP) announcement that it will buy back up to $1 billion of its common stock. Cramer called this move "too little, too late." Cramer said there will be a nice bounce to Conoco, maybe to $65, but that it won't last.

"Without a dividend of some size there really is no cushion here," Cramer said. "The buybacks have proven to be somewhat futile in the face of both ETF selling and mutual fund selling." Cramer called most mutual funds "closet chartists," and he said the charts look bad.

In another topic of discussion, Task brought up JPMorgan analyst Barton Crockett's recent downgrade of Blockbuster ( BBI) and Netflix ( NFLX). Cramer said he does not see a bear case there until the stock goes appreciably higher. Crockett's downgrade was based on a survey that may not pan out, Cramer said.

"I think that we often forget that the actual rightness or wrongness is always secondary to trying to get the big commission," Cramer said. "I think that we always have to -- with a very cynical skeptical attitude, recognize that quality work is indistinguishable from lack of quality work as long as you're a good salesperson."
At the time of publication, Cramer had no positions in stocks mentioned.

Jim 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 Action Alerts PLUS. 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." While he cannot provide personalized investment advice or recommendations, he invites you to send comments on his column by clicking here.

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