Cramer’s Tech Specs: RF Micro Devices

The wonder of cell phones, or portable communication, has long since passed. Even text messaging is a given at this point. Nowadays we want our handsets to have cameras, video, e-mail and the Internet.

The trend toward smartphones and mobile Web is on par with the advent of the PC, Cramer said. It will play out on such a scale that we’ll think it as common as cable television. As a result, almost an entire industry will benefit from the move. Investors could, of course, buy the usual suspects – Apple , Palm , Research in Motion – but a smaller, more speculative play might generate more returns.

That’s Cramer’s thesis, and he has been making recommendations based on that reasoning. The latest? RF Micro Devices, chipmaker for smartphone firms. The company is a huge beneficiary of the 3G wireless build-out, and customer demand is on the rise again. Also, at a recent investor conference, RF Micro said that its cash holdings are up, order activity is solid and visibility for the third quarter has improved.

This is a single-digit stock, though, as RFMD trades at $3.51. And that’s after a run from the 52-week low of 70 cents a share. To be sure of his call, Cramer decided to check in with CEO Robert Bruggeworth. Watch the video for the full interview.

Call Cramer: 1-800-743-CNBC

Questions for Cramer?madmoney@cnbc.com

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

Contact Mad Money

  • Showtimes

    Monday - Friday 6p ET
    Saturday 8a, 1p, 7p SYD
    Sunday 12a, 1a, 8a, 7p SYD
    New Zealand
    Saturday 10a, 3p, 9p NZ
    Sunday 2a, 3a, 10a, 9p NZ
  • Jim Cramer

    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.

Mad Money Moments

Cramer's New Book