It's that time again! The Lightning Round bell has rung, and Jim Cramer gives his take on a few favorite audience stocks:

Xerox:"I owe Xerox another look. This stock has been creeping up on it's document division, and I have been out of touch with it. I am going to give a drill down on Xerox next week."

RF Micro Devices: "I like the RF Micro tie up with TriQuint that has allowed the stock to move up even higher ... These mergers are fabulous!"

Sprint: "The bonds are probably a little bit more attractive. The senior debt than the common stock. And now it's got a long slide now that the government seems to have denied their ability to merge with T-Mobile."

Halliburton: "If you think that Halliburton is a buy here at $41, then I'm going to suggest that you buy Schlumberger at $87. Why? because you don't have to deal with any sort of problems with Washington ... But I do not think oil has bottomed, just for the record."

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Plains All American Pipeline: "I think it's a monster good situation with a 5 percent yield. I am partial to KMI, but remember that's a corporation not a master limited partnership. But I like your Plains very much."

Salesforce.com: "Some stocks are just kind of out there on the ether right now and not really doing much of anything. Salesforce is there. I say it's fine."

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