Further, H-P and Dell both have tremendous rest-of-world exposure. Cramer called H-P "a buyback king" and pointed out that Dell's consumer retail plan has been working out better than people expected.

Dell or H-P: "The time is right for both," he said.

Wade Into Riverbed

Riverbed Technology ( RVBD), Cramer told viewers, is a speculative tech stock he likes.

Although this stock is up, Cramer said, he is still confident that Riverbed has room to go even higher. The company, he said, has been "coining money" off its WAN optimization technology, and its Steelhead line of appliances saves its customers bandwidth.

However, before market players think of buying Riverbed, Cramer said he wants them to understand that the stock is a hard one to trade, which is why he's advising people to invest in it -- not trade it.

Although he does believe that Riverbed is a buy, Cramer wants people to be prepared for the probability that the stock might swing on earnings.

"If you're up for some risk, consider putting half down on Riverbed," and focus on its long-term story, Cramer said. "Don't let the volatility around its quarter scare you."

"Riverbed is the poster child for paying up for best of breed," he added. Although it's not cheap, it is worth the money. "Great high-growth stocks with great momentum are hardly ever cheap," Cramer said.

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