NCR (NCR) downgraded from buy to hold.

Cramer: VMWare Not Hurting EMC: Jim Cramer likes the quarter's numbers for EMC and isn't worried about VMWare.


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Today, at about 23, NCR trades at just 15.4 times projected 2008 profits, compared to 19.3 times for Diebold. Long-term debt makes up just 15% of capital, compared to 33% for Diebold, and the cash in NCR's own bank vault gives it plenty of dry powder.

The financial self-service or ATM unit also has the benefit of geographic diversity, says KeyBanc analyst Matt Summerville. Nearly three-quarters of its sales come from overseas, and its U.S. business is well-aligned with big, national banks for which ATM-spending remains robust.

Its customer-service segment, which accounts for nearly 38% of sales, has a busy year with new-product launches. Retail-store automation drives just 19% of revenue today, but Summerville thinks "self service represents the largest growth opportunity." Growth could come from expanding self-checkout into general-merchandise and drug stores, automating the returning of merchandise, and increasing penetration of the travel and hospitality industries with self-service innovations at international airports, hotels, car-rental shops and restaurants. These should lead to another year of solid double-digit sales growth -- nothing to scoff at today.

Cramer: My Top Tech Buys
Hear Jim Cramer on why technology, as a sector, is oversold and which stocks he favors in the group.

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Ex-employeee

Value and Buy Backs after 1st of Year.

Shares Held 949,280

interesting scenerio with Teradata division spin off on the horizon

long relationship with company

friend works for company great potential

never improves

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