Jim Cramer Likes What He Sees From HP's Enterprise Business

TheStreet's Jim Cramer says the quarter that Hewlett Packard (HPQ) just reported 'was actually pretty good.' He says, 'I like a lot of what I saw on the enterprise side...I didn't like anything I heard from HP because that's printers.' He goes on to explain what he likes about enterprise, saying, 'this division that is enterprise is going to be cheap, it's going to be valued at less than IBM and as long as we look at the comparables and decide that it's going to be at 8, 9 times earnings, which is what it's looking at now, I'm going to tell you that you want to buy it.' Cramer concludes by saying, 'As the stock comes down, the sum of the parts is going to be worth more than the whole.' On Thursday HP posted earnings of $0.88 a share, topping analysts estimates of $0.85 cents a share. Revenue came in at $25.3 billion just shy of the estimated $25.4 billion. Sales at its legacy business continued to drag, however.