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Harman CEO Comments on Stock’s Decline

Although shares of Harman International Industries dropped sharply after Apple announced plans to offer voice activated real-time traffic updates and turn-by-turn navigation in cars, the car stereo equipment maker said it’s not perturbed by Apple’s announcement.

“We see Appleas a collaborator, not as an adversity,” Harman CEO Dinesh Paliwal told Jim Cramer on CNBC’s “Mad Money.”

The top executive also commented on a note from Morgan Stanley, which outlined the many challenges thecompany faces. He also addressed the company’s prospects going forward.

Watch the video to see the full interview.

Read on for Cramer's Stocks to Avoid

When this story was published, Cramer's charitable trust owned Apple.

Call Cramer: 1-800-743-CNBC

Questions for Cramer? madmoney@cnbc.com

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