In the "Executive Decision" segment, Cramer sat down with Paul Palmieri, president and CEO of Millennial Media ( MM), a company that delivered what Wall Street saw as a disastrous quarter, sending shares lower by 37% in just 24 hours. Palmieri said Millennial Media actually had a great quarter, with 68% revenue growth in its fourth quarter and also great margins. Where the company fell short, he said, was in its guidance. Full-year guidance remains essentially the same, Palmieri noted, but the fourth quarter did see some deals not close as expected. When asked whether those unsigned deals represented additional competitive threats from the likes of Google and others, Palmieri said that nothing has fundamentally changed in the competitive landscape for Millennial. He said his company has been competing with Google all along and continues to do so. Overall, Palmieri said he's still excited about his business and the opportunities going forward. Cramer told viewers to go over the company's conference call and re-read the notes because he feels there was an overreaction to the downside.
No Huddle Offense
In his "No Huddle Offense" segment, Cramer cautioned investors not to put much attention on month-old minutes from the Federal Reserve's last meeting. He said while the market is currently pondering the effects of sequestration cuts in our military and domestic spending, these cuts where not on the Fed's radar a month ago. Furthermore, Cramer said the Fed has a track record of either being woefully behind the curve when it comes to the economy or, at times, completely blind to the situation at hand. So should investors be putting a lot of faith into what the Fed thought of the economy a few weeks ago? Probably not. To sign up for Jim Cramer's free Booyah! newsletter with all of his latest articles and videos please click here.To watch replays of Cramer's video segments, visit the Mad Money page on CNBC. -- Written by Scott Rutt in Washington, D.C. To email Scott about this article, click here: Scott Rutt Follow Scott on Twitter @ScottRutt or get updates on Facebook, ScottRuttDC