Tech / Media / Telecom
Mr. Sagawa leads the Technology, Media and Telecom practices at SSR. He has worked in and around the industries for over 20 years, including his 11 year tenure as a senior research analyst at Sanford C. Bernstein. While at Bernstein, he was named to the Institutional Investor All-Star Team in three different categories, including the number one position in wire-line communications equipment after his prescient call in September 2000 noted that cash strapped telecom carriers would be unable to pay for technology purchase commitments and correctly predicted the subsequent collapse in the sector. In his most recent position at Bernstein, Paul conceived and launched a new business area as the firm’s first Small Cap Equity Strategist.
Prior to Bernstein, Paul spent six and half years at McKinsey and Company, rising to the position of technology sector specialist in recognition of his communications industry acumen. His earlier experience includes three years as a sales representative for AT&T’s equipment business. Paul earned his AB in Economics and MBA from Harvard University.
In order to understand dynamics at the sector, subsector and firm level, we monitor relative valuation and share price performance throughout technology, media and telecom. By tracking firms relative to their (cap-weighted) subsectors as well as subsectors relative to their sector and the broader market we are able to highlight high and low outliers, track variability in relative performance and steer our analysis to the most investable opportunities. The full review capturing data at the company level is available here and by e-mailing Pylak@sector-sovereign.com or calling (203) 901-1634.
Recent Blog Posts
February 28, 2012 – Quick Thoughts: Apple Doomsayers – Way Too Early is the Same as Wrong
As Apple flirts with a $500B market cap, media attention seems to have shifted from speculation on what the company might do in the post-Jobs era to scouring the company’s foundation for cracks. The New York Times seems to have taken the lead on fanning the flames of worry with the two widely circulated pieces linked above, but the usual suspects – The Wall Street Journal, CNBC, Forbes and Bloomberg amongst them – have weighed in with similar sentiments, as though gaining the top of the market cap list carried a jinx akin to a Sports Illustrated or Madden NFL cover….See more at our TMT blog
Registered clients can access the full-text of Paul Sagawa’s published research here.
Recent work includes:
Television Networks: Betwixt and Between a World of Change
Multichannel TV: What, Me Worry?
Virtualization and “The Cloud”: No Silver Lining Ahead For Enterprise Data Center Vendors
Enterprise IT: Send in the Clouds
The Four Horsemen of the Internet
New content coming soon