Cramer’s Chip/Semiconductor Plays (SNDK, INTC, AMD)
August 9, 2007 by Douglas A. McIntyreJim Cramer came on CNBC on tonight’s MAD MONEY and he said that he still likes technology and his pick tonight was Intel (NASDAQ:INTC) for it in the tech sweet spot with growth, earnings, and killing its competitor Advanced Micro Devices (NYSE:AMD). Intel shares fell 3% with the broad market today to $23.92 and shares are up 0.2% after the Cramer tout here. Oddly enough, Jim Cramer didn’t once mention any of his "New Four Horsemen of Tech" in this. He also gave a favorable interview to the head of SanDisk (NASDAQ:SNDK) this evening on CNBC. He thinks flash memory is gaining over disk drives down the road and is still in a growth cycle.
Jon C. Ogg
August 9, 2007
Jon Ogg can be reached at [email protected]; he does not own securities in the companies he covers.
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