[video] Quick Take: Jim Cramer: Cautious on the Cloud
TheStreet's Jim Cramer told Debra Borchardt the company picked a terrible time to pre-announce such bad news with the market's strong rally on Thursday. He added that this group would have done very well today, and suggested Salesforce.com
According to an analyst channel check on Citrix Systems, sales were strong in June, but began weakening in July. The slowdown continued through August and September and is expected to be quite poor with the government shutdown.
Cramer said Citrix Systems and Red Hat
Cramer concluded that he wouldn't buy Citrix Systems, which is unfairly casting a negative shadow over the entire cloud industry. Instead he is a buyer of VMware
-- Written by Bret Kenwell in Petoskey, Mich.