Tuesday, October 13, 2009

Cramer's 'Mad Money' Recap: Cisco Gets It (Final)

Cramer's 'Mad Money' Recap: Cisco Gets It (Final)

By Scott Rutt 10/13/09 - 06:51 PM EDT

NEW YORK (TheStreet) -- "Today, everyone was focused on earnings and I think that's terrific," Jim Cramer told the viewers of his "Mad Money" TV show Tuesday.

But he reminded viewers that there are multiple ways to make money in the markets, one of which is sticking with the colossal themes that are working, such as his "mobile Internet tsunami."

Cramer said his thesis was once again proven by today's announcement that networking giant Cisco (CSCO Quote), which he also owns for his Action Alerts PLUS portfolio, is buying Starent Networks (STAR Quote), whose technology is at the heart of the mobile Internet for a 20% premium. How strong are the mobile Internet stocks? He said both stocks rose on the news.

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