If you're an individual investor putting money to work in the technology sector, Jim Cramer says there's something you should know.
"Portfolio managers look at the huge technology sector through a bifurcated prism," Cramer said. "Individual investors may not understand that."
Cramer says that pros essentially assign stocks in this sector to one of two categories, old tech or new tech.
In the old tech category, Cramer says pros lump companies as wide ranging as Intel, and Microsoft, to Oracle, Texas Instruments, Hewlett Packard, IBM, and Apple. Essentially, the group is big cap tech companies that have been in business a while.
"And in the other group are all of the companies that have sprung up somewhat recently, in what some consider Internet 2.0," Cramer added. Concur Technologies, Workday and Salesforce.com and other software as a service companies are in this category. So are e-commerce related companies, such as Yelp and Zillow as well as big data analysis firms such as Tableau and Splunk.