“Even though it looks very compelling at $8,” Cramer said.
On the flip side of the chip business, Cramer said SanDisk was a buy. Though Best Buy reported an “abysmal” quarter, the company did say that tablet sales were freezing the notebook market. Tablets use flash memory, and that’s SanDisk’s business.
Lastly, Cramer was willing to give OpenTable , an online restaurant reservation service, another look. He said a recent report showed the service saves money for small restaurant chains, which makes the business seem viable when some, including Cramer, had doubted it. Plus, OPEN, along with Apple , Netflix and Salesforce.com , is one of the few 20-percent growers in the market.
“So when I see it down,” Cramer said of OpenTable, “I’m tempted to think, all right, well, maybe the worry’s over.”
When this story published, Cramer's charitable trust owned Apple.
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