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Tuesday, January 29, 2008

Cramer on Why You Need to Dump Tech

Cramer on Why You Need to Dump Tech
"Has tech had it? Apple (NASDQ: AAPL) (Cramer's Take) simply didn't do that well. Google's (NASDQ: GOOG) (Cramer's Take) stock is floundering even if Google isn't. Garmin's (NASDQ: GRMN) (Cramer's Take) been pretty much destroyed. Microsoft's (NASDQ: MSFT) (Cramer's Take) in the same place it started after that great quarter. Texas Instruments (NYSE: TXN) (Cramer's Take) surprises to the upside and does nothing; same with Corning (NYSE: GLW) (Cramer's Take). VMWare's (NYSE: VMW) (Cramer's Take) simply awful, dragging down EMC (NYSE: EMC) (Cramer's Take), which I unfortunately own for Action Alerts PLUS, to a below-market multiple on 2008 earnings. IBM (NYSE: IBM) (Cramer's Take) preannounced up and then beat the preannouncement and nobody cares, and Intel's (NASDQ: INTC) (Cramer's Take) just awful."

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