GO
Loading...

Cypress Semi's Hidden Gem

Tuesday, 4 Dec 2007 | 7:28 PM ET
Cypress Semiconductor CEO
Talking with Dr. TJ Rodgers, Cypress Semiconductor president & CEO, and Mad Money host Jim Cramer.

These days, owning tech stocks is not for the faint of heart – especially the semiconductor names. But how about a semi that has good fundamentals and a hidden asset that makes it far more valuable than any of its competitors?

Cramer found just that in Cypress Semiconductor . CEO Dr. T.J. Rodgers told him on Tuesday’s show that, contrary to what many others are seeing, Cypress is not getting hit by the ripple effect from a slowdown in consumer spending. He said the company’s chip sales are strong and the consumer is “where it’s at.”

Good news no doubt, but Cypress’ real value is hidden in its 53% ownership of solar panel maker SunPower , one of the two solar stocks Cramer has recommended routinely in the Lightning Round.

Rodgers said that Cypress anticipates distributing SunPower to its shareholders “in some manner” by the time tax restrictions expire in November 2009.

But until then, Cramer thinks Cypress is the best and cheapest way to invest in SunPower and the red-hot solar industry. And it’s a buy on the strength of its core business of silicon-based chips, too, he said.


Questions for Cramer? madmoney@cnbc.com

Questions, comments, suggestions for the Mad Money website? madcap@cnbc.com

  Price   Change %Change
CY
---

Contact Mad Money

  • Showtimes

    Monday - Friday 6p ET
  • Jim Cramer is host of CNBC's "Mad Money" and co-anchor of the 9 a.m. ET hour of CNBC's "Squawk on the Street."

Mad Money Features

  • Grab the latest CNBC gear from the NBCUniversal Store!

  • Get a behind-the-scenes look at how Cramer formulates his investment advice. "Inside the Madness" is a column, which features e-mails and more with Cramer and his researcher Nicole Urken.

  • You’ve always wanted to hit the “Hallelujah!” button. Here’s your chance.