Cramer's 'Mad Money' Recap: Game Plan for Next Week (Final)
Executive DecisionIn the "Executive Decision" segment, Cramer spoke with T.J. Rodgers, president and CEO of Cypress Semiconductor (CY) , a stock that received a 10% haircut after it lowered expectations in the first quarter, but is still yielding 3%.
Rodgers admitted to "screwing up" in the company's first quarter, albeit not as badly as they initially projected. That said, Rodgers noted that the company's guidance for the remainder of the year is conservative. "The only way for us to mess up now is to not execute," he concluded.
Putting his money where his mouth is, Rodgers also noted that he recently purchased 500,000 shares of Cypress stock, a bullish gesture that Cramer said is not seen by many CEOs.
Turning to the company's business prospects, Rodgers said that buttons on gadgets will become obsolete, as touch interfaces will be the way humans interact with everything from their watch to their TV in the near future. That trend, said Rodgers, leaves huge opportunities for touch controllers that Cypress manufactures. He also touted the company's investment in Deca Technologies as being another huge opportunity for Cypress.