Thanks for nothing, Dell (DELL) (Cramer's Take)! Given that this market seems to care less about the good like NetApp (NTAP) (Cramer's Take), Ross Stores (ROST) (Cramer's Take) or Limited (LTD) (Cramer's Take) and is focused on the bad, like the semi-downgrade from Bank of America Merrill Lynch, I am sure that Dell will be viewed as part and parcel with the downgrade.
I can't stand Dell. I actually slam it in Getting Back to Even, taking a chance that it would get its act together and make me look bad on the very quarter the book is released. Looks like that was a lot of worry for nothing.
But I continue to believe the PC market is robust if you are Apple (AAPL) (Cramer's Take) and most likely if you are Hewlett-Packard (HPQ) (Cramer's Take).
I think Apple is causing structural change to both the PC and the phone business, disruptive change like we saw with the iPod or with what we are seeing with Google (GOOG) (Cramer's Take) in intellectual property. I think that Apple is screwing up a lot of companies' models that had presumed little to no killer competition, and they are discovering, like Dell, that they are hopeless commodities. I used to call them "uncoated free sheet" companies, because that's the most commoditized of all products. That's what Apple's making Dell look like.
But the market is gripped by that negative mindset. Alas, though, all bets are off if oil is up tomorrow, and we will shake off Dell and start focusing on the positives again.
It is that stupid binary nonsense that controls this market -- at least short term.
Jim Cramer is co-founder and chairman of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. At the time of publication, Cramer had no positions in the stocks mentioned.
The Week in Preview: Beige Book, Smithfield Foods, Talbots, Men's Wearhouse
Krispy Kreme: Time to Take a Chance?
Comfort Zone Investing: M&A: Good News ... or Bad?
Reader Comments (Page 1 of 1)
11-20-2009 @ 9:56AM
Beltway Greg said...
There you go Tiger. And thank you for pushing Apple below $200 again. How about $190? Please?
Sincerely,
Your Pal,
Beltway Greg
11-22-2009 @ 6:54PM
sales said...
The tech rally is the next rally to happen as the new wave of capital sparks new companies who need new technologies. Its myoffices and other companies like it that will be the new ravens as they get funding. the issue with the market is based on a lack of access to funds. when the funds are released to this market entrepreneurs we will see a surge in business especially in tech.
Cramer is on point...