Cramer also wanted to review some IPO’s of 2006 that didn’t work out well at all to see if they were overlooked. His #1 overlooked IPO is Optium (OPTM). Because of all the telecom equipment providers this has been lumped in with the bad ones. It came public in October 2006 and it is a supplier of Fiber to the home and Triple Play. Cramer said almost every other company in the group has dropped and it has held it down even though this company can win in broadband shortage. He likes their transceiver business to manage optical networks. The company is competing against JDS-Uniphase (JDSU) and it took away much of the JDSU old digital transmission management. Cramer thinks they understand all the weaknesses and the industry well enough to forge ahead. After Cramer touted this stock, it popped almost 7% in after-hours to over $25.00.
Jon C. Ogg
January 8, 2007