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Stocks discussed in the lightning round session of Jim Cramer’s Mad Money TV program, Thursday May 8. Click on a stock ticker for more analysis:

Bullish calls:

Sprint Nextel (NYSE:S): "I think Deutsche Telekom is going to buy S. I think you should hold onto S … I think that S is okay, but it's speculative."
Koppers Holdings (NYSE:KCP): " …any company that's levered to the railroad tie business is fantastic. We recommended KOP when it came public, in the $20s... I am proud in reiterating... my buy, buy, buy on KOP!"

Bearish calls:

Polyone Corp (NYSE:POL): " … Vinyl is a very hard business. It's levered to all sorts of prices of crude and energy …don't buy, dont' buy... If anything, I would actually ring the register. It's had a nice little run."
Level 3 Communications (NYSE:LVLT): "I'm torn on this one... It will not get my blessing or my push until they deliver two good quarters... because they delivered three bad quarters."
Immersion (NASDAQ:IMMR): "I've got too many of those, and they're just not working... don't buy."
Sigma Designs (NASDAQ:SIGM): " …the quarter wasn't there. Down at these prices, I can't tell you to sell it... but don't buy, don't buy..
Oshkosh Truck (NYSE:OSK): "It is so not working. I'm not touching OSK. You know that was one of my absolute favorite stocks?..."

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Source: Call the Koppers - Cramer's Lightning Round (5/8/08)