Between the Lines
An article in Monday's Wall Street Journal regarding AT&T's (T:NYSE - commentary - research - Cramer's Take) deal to buy BellSouth (BLS:NYSE - commentary - research - Cramer's Take) carried the headline "Deal Could Speed Wireless Internet Calling,"Cramer said.
He says that hidden in the headline is a real idea that could make you money. And when Cramer reads between the lines, he sees the words "buy Atheros Communications (ATHR:Nasdaq - commentary - research - Cramer's Take)."
The company develops chips that extend the wireless range of electronic devices and cuts down on power consumption, he said.
Plus, it won a design deal with Qualcomm (QCOM:Nasdaq - commentary - research - Cramer's Take), which, Cramer said, should make it easier for Atheros to get its chips into cell phones.
This could bring us that much closer to convenient Internet cell-phone calls, he said, which could be a bull market because it's cheaper to make calls over the Internet.
Cramer said that on top of helping Americans find cheaper and more convenient ways to make phone calls, the company should also make a fortune off of the digital convergence of home electronics.
This is the emergence of more wireless access between a person's PC, stereo, phone and other electronics.
Cramer believes that the estimates for the company are too low, which could mean a massive positive correction.
"Forget Intel (INTC:Nasdaq - commentary - research - Cramer's Take)," he said, calling Atheros part of his "12-step program for Intel-a-holics."
Cramer said to think of Atheros as a mini-Broadcom (BRCM:Nasdaq - commentary - research - Cramer's Take), but with a lot more potential to get bigger. |
