After talking with CEO Meg Whitman at length, Cramer has a good idea what's needed to move Hewlett-Packard stock.
"Hewlett Packard needs 3 things, new product, worldwide growth and a lot of luck," said the Mad Money host.
Looking at new product potential, Cramer said, " H-P does have some pretty cool products in the stable including Moonshot, which is a leading server product that can harness the huge internet traffic for enterprises and Autonomy, which is smart search software, an unappreciated and fast growing niche."
Although these products may be impressive, Cramer cautioned that in order to move the needle, new products have to be so innovative they transform the landscape. "And I fear the old innovative days of Bill Hewlett and Dave Packard are long gone," he said.