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Jim Cramer: Sell your Palm stocks as “Apple is the king of the mobile internet”

By on July 23, 2009 at 8:55pm in Asides, Mobile News, Various News

cramer-on-palmJim Cramer, host of the famed show “Mad Money” has been hyping mobile stocks for some time now. I really enjoy watching his programs and tonight was a brilliant episode of Cramer at his best. I mean he gives you the straight up goods with an incredible amount of enthusiasm.

He states “I know I’ve been talking about the wonders of the mobile internet tsunami as nauseam. But believe me, I’m not trying to make you sick to your stomach. I trying to help you make money. And there is no doubt that this trend for owning a smartphone like Apple’s iPhone or Research In Motion’s BlackBerry has gone from being a luxury to a necessity. And that makes it a game changer. But tonight it’s time to throw one of the mobile internet plays that I’ve mentioned over and over again under the bus and off the wagon… and into the sell block. I’m talking about PALM!” He continues his barrage by stating “There is only room in your diversified portfolio for one Smartphone stock… and I think that play is Apple without a doubt… Apple is the king of the mobile internet. Apple is an investment, Palm has always been a trade”.

You must watch this video… it’s hilarious:

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Discussion

2 comments for “Jim Cramer: Sell your Palm stocks as “Apple is the king of the mobile internet””

  1. I have stocks in Palm, and it's actually great if you've been shorting it the past few weeks.

    With that said, I think it's a bit overvalued based on how the Pre is doing — but I'm banking on either Dell or Nokia in buying them out.

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    Posted by Rich | July 23, 2009, 4:21 pm
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  2. As exciting as the Palm Pre is, Palm as a company is hanging on by a thread due to a 340M lifeline thrown to them by investors. Palm has nothing else but the Pre while Apple has a diversified portfolio.

    RIMM has the respect and the services outside of the handset. This leaves the lonely Palm a dying breed in the smartphone space even before the device has really gained traction… it's an unfortunate reality because from what I have seen the design is revolutionary.

    I think the only one who can round out the three biggies (which there will be) is either Google's Android platform or yes… you are hearing me correct, Microsoft if they get their act together for Windows Mobile (have you seen ZuneHD? Trust me – they have something in their pocket – they aren't going to go away.)

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    Posted by jessie | July 23, 2009, 8:53 pm
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