Cramer Talks Microsoft As Oversold & Value Tech (MSFT)

On tonight’s MAD MONEY on CNBC, Jim Cramer said he is sticking with his "buy cheap and oversold tech stocks" theme.  The one he likes the best right now is Microsoft (NASDAQ: MSFT).  This is being ignored right now but it will work in this crazy environment.  He loves the steady business, balance sheet, and the $21 Billion in cash.

We just noted how Microsoft was added to the CONVICTION BUY LIST at Goldman Sachs yesterday.  We just noted this today as one of the seven DJIA components with their earnings targets for next week.

This week Cramer has made several value calls on oversold technology companies that will still do well in the current environment: 

• On Monday, Cramer picked EMC Corp (EMC) for its intrinsic value of sub-$5.00 and this is one where we noted that great value manager Whitney Tilson was discussing with "THE EMC STUB" with the explanation for the trade;
• Tuesday, Cramer picked Riverbed Tech (RVBD) for network optimization and he’s been on this stock before;
• Cramer talked up ADC Telecom (ADCT) on Wednesday with a $1 down $7 up call that he’s liked for some time.
• Last night Cramer talked up Wind River Systems (WIND) for its strong embedded systems orders ahead.

Jon C. Ogg
January 18, 2008