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RF Micro Has 'Room to Run'

Thursday, 11 Mar 2010 | 7:38 PM ET

The mobile Internet tsunami has changed the way investors buy and sell tech stocks, Cramer said Thursday In the past, this sector traded by the season. But now the smartphone revolution, in addition to a number of reported earnings beats, the sector is gaining its own independent momentum.

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Smart Profits?
Cramer tells you how to play the latest trend on Wall Street, with Bob Bruggeworth, RF Micro Devices president.

Case in point: RF Micro Devices , which on Monday guided up by preannouncing stronger-than-anticipated numbers for the current quarter. The smartphone component maker now expects sales of $240 million to $245 million, a 41 percent increase from last year.

RFMD is up 34 percent since Cramer's June 18, 2009, recommendation, but it's been flat so far this year. Cramer thinks that should change, thanks to the pre-announcement, as well as the overall strength in RF Micro's business and and an increase in customer demand.

But is the Mad Money host right? He invited CEO Bob Briggenworth back to the show to find out. Watch the video for the full interview.










Cramer’s charitable trust owns Qualcomm.

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