CNBC's Jim Cramer said Thursday he is glad that talks between Intel and Altera have fallen through since the deal did not add up.
"I thought this story was dead wrong. They already have a partnership. They didn't need to do this deal," Cramer said on CNBC's "Squawk on the Street." "I'm just saying that [Altera's] stock was up for a very long time and I knew that it didn't make sense."