Cypress Semi: Short-Term Shakiness or Long-Term Loser?

Chip-Shape?

Cramer gives his take on the latest earnings to hit the Street, with TJ Rodgers, Cypress Semiconductor president/CEO.

Cypress Semiconductor took an initial hit on Thursday after reporting a one-cent earnings beat on lighter-than-expected revenues. And worse, the company offered guidance that was lower than the Wall Street consensus.

Cramer thinks the long-term thesis here is still intact, though, and apparently so does Wall Street, which is why the stock rebounded to finish the day up 45 cents to $12.84. Why? Because Cypress is a play on two big themes in this market: mobile computing and the smart power grid. So the "Mad Money" host isn't willing to give up on the company yet.

But is he right? To test his theory, Cramer invited CEO T.J. Rodgers onto the show. Watch the video to see the complete interview.

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