Cramer Buys More EMC Because of VMware (VMW)

Today, Jim Cramer picked up some more shares of EMC (NYSE: EMC) for his charitable trust, ActionAlertsPlus.com portfolio. Cramer thinks the worse is over in VMware (NYSE: VMW), which should be beneficial for EMC. VMware comprises a major portion of the net asset value of EMC. Cramer said, "...the disparity in the value of the core EMC business is nearly $5 a share, the widest margin in the past couple of months."

Cramer believes that continued demand for EMC's services, will enable it to continue to generate significant cash flow.

Jim noted that EMC could trade up around $20 in the upcoming quarters. [JT]

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