Cramer said at IBM, under Louis Gerstner's leadership in the 1990s, the company exited the retail desktop PC market, fixed the balance sheet and reinvented the company as a primarily software and service company. That's where Whitman finds herself with HPQ, Cramer said. The industry is moving so quickly to smaller, faster devices. Cramer doesn't know if this is transitioning too fast for Hewlett-Packard to transcend the riptides. Unlike Howard Shultz, the CEO at Starbucks who expanded overseas and turned the stores into places that beckons customers inside, there's no new products coming from HPQ, and it's already huge internationally. HPQ can become a value-added software, service and printer company, Cramer says. Without economic growth worldwide, it can't make owning the stock a worthwhile proposition right now. Bottom line: Cramer says HPQ needs a new product, worldwide growth and a lot of luck to spark another turn.