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Conexant's Breakup Story Still Holds Allure

I don't like tech. But I do think it is time to buy a little more Conexant now that the stock is under $10.
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Wednesday, May 1, 2002 10:21 a.m. ET

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Dear Action Alerts PLUS Subscriber,

Don't get me wrong; I don't like tech. But I do think it is time to buy a little more Conexant (CNXT) now that the stock is under $10. I am going to buy 500 shares after you read this because I believe that the breakup story is still intact. That will give me a total of 8,000 shares. To view my entire portfolio, click here:

https://www.thestreet.com/k/aap/index.html

I also would be a buyer of Comcast (CMCSK) , if I were allowed to be. (My trading restrictions will not allow me to buy it until May 7.) I would love to buy some General Electric (GE) down here too, which I am free to buy May 8.

Just a heads up. I think this selloff will be contained and the market will shrug off the jitters and come back.

Regards,

James J. Cramer

DISCLOSURE: At the time of publication, Cramer was long Conexant, Comcast and General Electric.

These Action Alerts are intended to provide opinions about and analysis of stocks and markets. They are not intended to provide personalized investment advice. DO NOT EMAIL CRAMER SEEKING PERSONALIZED INVESTMENT ADVICE, WHICH HE CANNOT PROVIDE. Cramer welcomes your editorial comments at jjcletters@thestreet.com.

James J. Cramer is a Markets Commentator for TheStreet.com and CNBC, and a director and co-founder of TheStreet.com. TheStreet.com is a publisher, and neither we nor Mr. Cramer is registered as a securities broker-dealer or an investment adviser either with the U.S. Securities and Exchange Commission or with any state securities regulatory authority. From time to time, Mr. Cramer may write about stocks in which he has a position. In such cases, appropriate disclosure is made. Mr. Cramer must hold all securities in his Action Alerts PLUS portfolio for at least one month. In addition, he is not permitted to buy or sell any security he has spoken about on CNBC for five days following the broadcast. Mr. Cramer's Action Alerts represent his own opinions and should not be relied upon for purposes of transacting securities or other investments, nor should they be construed as an offer or solicitation of an offer to sell or buy any security. He cannot and does not assess, verify or guarantee the suitability or profitability of any particular investment. You bear responsibility for your own investment research and decisions and should seek the advice of a qualified securities professional before making any investment. Please note: Effective Feb. 12, 2002, the holding period for securities in Jim's Action Alerts PLUS portfolio changed from four months to one month.