Cramer's Chip/Semiconductor Plays (SNDK, INTC, AMD)

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Jim Cramer came on CNBC on tonight’s MAD MONEY and he said that he still likes technology and his pick tonight was Intel (NASDAQ:INTC) for it in the tech sweet spot with growth, earnings, and killing its competitor Advanced Micro Devices (NYSE:AMD).  Intel shares fell 3% with the broad market today to $23.92 and shares are up 0.2% after the Cramer tout here.  Oddly enough, Jim Cramer didn’t once mention any of his "New Four Horsemen of Tech" in this.  He also gave a favorable interview to the head of SanDisk (NASDAQ:SNDK) this evening on CNBC.  He thinks flash memory is gaining over disk drives down the road and is still in a growth cycle.
Jon C. Ogg
August 9, 2007

Jon Ogg can be reached at jonogg@247wallst.com; he does not own securities in the companies he covers.