Cramer's SELL BLOCK All on Technology

On tonights MAD MONEY on CNBC, Jim Cramer did his SELL BLOCK and dedicated the entire segment to saying to sell technology and not look at it until later in the year.  He said analysts that keep trying to call for a bottom in technology stocks are just wrong.  Cramer said that warming up to Oracle (ORCL) just because it is selling off is just wrong.  He thinks the ORCL buyout of Hyperion just shows it needs other avenues.  He even said that despite him liking Microsoft (MSFT), it has been a terrible bust and is down big as Vista hasn’t been living up to expectations.  He doesn’t like Seagate (STX), Western Digital (WDC) or Komag (KOMG) in the drive space.  He doesn’t like IBM (IBM) with Palmisano at the helm.  He doesn’t like Network Appliance (NTAP) either.  On Micron (MU) Cramer doesn’t like yesterday’s analyst upgrade on inventory correction bottoming out being good for it.  Cramer said Texas Instruments (TXN) isnt good; he panned Intel (INTC) and Really panned AMD (AMD) as not needing to exist.  On semiconductor equipment names, Cramer said KLA (KLAC) and others won’t do well until the actual chip companies.

IAC/Interactive (IACI) is one he likes but he is cautious on the WSJ tie-up.  Google (GOOG) is he thinks that has bottomed but it won’t go up immediately.

He did say some Postive things on a few stocks.  He thinks Qualcomm (QCOM) is good and could go to $45.00 in a hurry; He was also positive on Cisco (CSCO), Apple (AAPL), Akamai (AKAM), Garmin (GRMN) and Hewlett-Packard (HPQ).  He had also been positive on Level 3 (LVLT) earlier.

Jon C. Ogg
March 15, 2007