Cramer: Google Got Its Act Together

Tickers in this article: FB GOOG

NEW YORK ( TheStreet -- Debra Borchardt: We are continuing to get all of these earnings releases. We got Google (GOOG) yesterday after the close. Jim, it was pretty good and the market liked what they heard.

Jim Cramer: Google is another story, not dissimilar to IBM . Previous quarter was terrible plus it was released in the middle of the day, in other words, amateur hour and the conference call was amateur hour and a lot of things you wanted to see. It looked like they didn't have mobile down like the first Facebook (FB) quarter where it was at 28 and went down to 18.

Cost seemed to be out of control. When you get these situations where a stock misses and then it climbs, right. Now, see that one, remember, it climbed back from the abyss that it had come into. There will a lot of people who will say "Fool me once - not fool me twice. This company is going to screw up again." This was not a screw up. The costs were totally in line. They laid out a mobile strategy. They talked about the Chrome being great. They talked about Motorola. Don't worry about the cost. Don't worry, we're going to be fine. It's not our business to be unprofitable and so all in all you have a story that is a way to be able to play the desk top for mobile, which a lot of people felt they weren't delivering like Facebook when people felt they weren't delivering. Then they turned around and offered a strategy and there was a lot to like from Google. It's not that expensive of a stock.

Debra Borchardt: That's what I was going to say, it does seem when you look at the actual price of the stock it seems very high but when you look at the chart it does seem like their making a real steady move up.

Jim Cramer: A huge amount of cash, advertising coming back, if Europe comes back, it's a very big Europe play. They talked about China - although they don't have the China that we think of, but they've added a lot of products. They bought a lot of companies. They are an obviously vicious competitor to Apple (GOOG) with their Android. This Chrome is a better selling PC than almost anything out there. You can go to the top of Amazon (GOOG) and look. You put it all together and you say, "You know what? They've got their act together." It's always difficult to think that in any given three-month period that people will get their act together. The legendary Andrew Grove who helped build Intel (INTC) wrote a book called Only the Paranoid Survive , and he said that in three months companies should be able to get their act together and we saw it in Facebook and we saw it in Google and it's for real. I like Google.