Jim Cramer's Best Blogs

NEW YORK (TheStreet) -- Jim Cramer fills his blog on RealMoney every day with his up-to-the-minute reactions to what's happening in the market and his legendary ahead-of-the-crowd ideas. This week he blogged on:

• why Hewlett-Packard is in trouble; and
• Salesforce.com's astounding quarter.

Click here for information on RealMoney, where you can see all the blogs, including Jim Cramer's -- and reader comments -- in real time.

H-P Is a Helpless Giant

Posted at 1:26 p.m. EST on Thursday, Feb. 23.

Lot of winners, one big loser. That's how I feel today about Hewlett-Packard(HPQ) , where virtually every division seems to be in free fall and the vultures are circling everywhere.

First, we tend to forget that Hewlett-Packard is huge, a $120-billion-in-sales company that has its tendrils deeply rooted in the corporate market, but also has a substantial consumer business through printers and personal computers.

Second, we tend to forget that companies can get in tailspins that they can't recover from. Witness the stunning declines in Nortel, Nokia(NOK) and Research In Motion(RIMM) .

Third, Hewlett-Packard has a tremendous amount of debt and has used a gigantic amount of capital to foolishly buy back shares.

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Fourth, previous CEO Leo Apotheker spent money like a drunken sailor with a terrible $10 billion dollar overpay for an information management software company, Autonomy, that really drained the corporate coffers

Lastly, right before he was fired, Apotheker announced that Hewlett-Packard was debating abandoning the personal computer business.