Cramer Takes Another Swing at IBM’s Palmisano

Posted: April 20, 2007 at 1:48 pm

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Jim Cramer came out swinging in a strong market.  As far as IBM (IBM-NYSE), Cramer said the call about $20.00 downside to IBM shows the board of directors needs to fire Palmisano as CEO because of a leadership problem.  He thinks that Palmisano leaving could be worth $15 per share. 

Cramer also said Apple (AAPL-NASDAQ), and this is the last quarter of earnings without the iPhone being in the numbers.

Jon C. Ogg
April 20, 2007

Jon Ogg can be reached at jonogg@247wallst.com; he does not own securities in the companies he covers.

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