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Stocks discussed on the in-depth session of Jim Cramer's Mad Money TV Program, Friday October 8.

Netgear (NASDAQ:NTGR), Cisco (NASDAQ:CSCO), Intel (NASDAQ:INTC), Hewlett Packard (NYSE:HPQ)

As Merrill Lynch raised estimates on Netgear (NTGR) on Friday, Cramer discussed this "Most unexpectedly sexy tech stock." Netgear is mainly in the home networking space and makes modems, routers and wireless adapters. While this might sound like old technology, Cramer remarked on the "incredible amount of consolidation in the space." Before the recession, Netgear had five or six competitors; now the number is down to two or three. The company is gaining on Cisco (CSCO); "Why shouldn't Hewlett Packard (HPQ) buy these guys?" Cramer asked.

Netgear is developing "N Standard" wireless routers that cost 10-20% more than traditional products; these more expensive routers should make up 80-90% of Netgear's wireless router business by the year end. The company is also at the forefront of IPTV, which enables customers to watch movies from the net on a regular TV. It is also teaming up with Intel (INTC) on a device that would enable viewing a computer screen on an HDTV.

Netgear is accelerating its product development from 15-20 products last year to 20 new products in the third quarter alone. The company has seen 27% growth in Europe even in a challenging environment. In its most recent earnings, it beat estimates by 6 cents with revenues up 35% for the year. The company trades at just 13 times earnings compared to an 18% long-term growth rate. Cramer says Netgear is just too cheap to pass up.

No Trading Zone: CSX (NYSE:CSX), JP Morgan (NYSE:JPM), Google (NASDAQ:GOOG), GE (NYSE:GE)

Even though the Dow went over 11,000, Cramer is cautious going into earnings season. Currently, the environment is a "no trading zone... because the cacophony of earnings reports makes it impossible...impossible for you to process all of the information coming your way." Cramer would listen to earnings reports as a tell on what is happening in the market.

On Tuesday, CSX (CSX) reports. Cramer considers the company the "pulse" on what is happening in the general economy. He would pay special attention to what the company says about China. Intel also reports on Tuesday, and Cramer cautioned the last time the company reported, the quarter was strong, but the stock plummeted from $20 to $16 because one analyst didn't upgrade the stock. JP Morgan's (JPM) last report was "phenomenal," but the stock got taken down by worries about financial regulation. Cramer wants to hear from JPM about mortgages.

Google (GOOG), which reports on Thursday, is a tell on tech in general and the internet. The stock has moved up steadily because of the Android, and Cramer wants to hear about how the company will make money from the device, and how it will charge fees. Cramer said Google is the only stock he would trade in the coming week, and feels it is "phenomenally cheap" trading at just 20 times earnings with a 16% growth rate.

Cramer would pay attention to GE's (GE) report because if its myriad businesses. He would listen in particular to news about healthcare and aircraft. He also would look out for the new IPO Tower International which makes metal components for autos. He thinks it could be the next Lear (NYSE:LEA) which performed extremely well when it emerged from bankruptcy.

Walgreen (NYSE:WAG)

Cramer has been back and forth on Walgreen (WAG), which he calls a best-of-breed drugstore with good management. He told viewers to stay away from it before it reported a poor quarter in June, but has come full circle and is recommending it again. In June, Walgreen missed earnings by 4 cents because of intense competition, but more recently, it has achieved a 5 cent earnings beat, with a 7.4% rise in revenues. The company reported very strong September sales, 5.3% year over year, in spite of facing tough comparisons as swine flu bolstered the pharmacy business last year. Although the stock is up 26%, "I am convinced that the turn of Walgreen's is for real and it's big," said Cramer. Walgreen is improving the appearance and selection in its stores and currently sells at only 13 times earnings.

CEO Interview: Maggie Wilderotter, CEO Frontier Communications (NASDAQ:FTR), Verizon (NYSE:VZ)

Cramer put the high-yielding rural telco carrier on the Sell Block three weeks ago because he was worried the company's acquisitions from Verizon (VZ) would cause it to slash its 8.9% dividend too much. While the company is cutting its yield by 25%, Maggie Wilderotter says Frontier is still the highest yielder in the S&P 500, and ultimately, tripling the size of the company through the acquisition will make the dividend more sustainable. Wilderotter assured Cramer that the "dividend is safe." Cramer says he "feels better" about Frontier.

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Source: Cramer's Mad Money - The Most Unexpectedly Sexy Tech Stock (10/8/10)