Category Archive for "TMT"

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August 24, 2010 – Portable Devices: Smartphones, and Tablets and Netbooks, Oh My!

Market forecasters project dramatic growth in portable electronics.  However, the combined expectations for smartphones, e-readers, tablets, netbooks and notebook PCs appear collectively rich, despite declines in other consumer electronics categories, and presuppose only modest market share shifts between these products. 

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August 12, 2010 – Internet TV: Extreme Make Over – Industry Edition

The media industry has undergone several wrenching technology driven changes in its history – e.g. motion pictures, radio, television, video tape, cable, etc. – and in each case, the industry value chain was drastically reordered.  Existing industry categories shrank or

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July 28, 2010 – PCs: Raging at the Dying of the Light

Now in its 30th year, the PC market is enjoying an upgrade-cycle fueled rebound from a recession induced dip.  However, an alternative approach, by which mobile non-PC devices, like smartphones and tablets, access apps running on large centralized “cloud” servers,

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July 15, 2010 – Clouds: Who Will Get the Silver Lining?

A brief audio review of this research may be found here: http://live.ssrllc.com/wp-content/uploads/2010/07/July-15-2010-Sagawa-Cloud.wma Within a decade, we believe that the large majority of Americans will accomplish the large majority of their work and personal computing needs via “cloud” applications hosted on

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June 30, 2010: Apple vs. Google – Handicapping the Coming Battle for TMT Supremacy

A brief audio review of this research may be found here: http://live.ssrllc.com/wp-content/uploads/2010/07/June-30-2010-Paul-Sagawa.wma This note is intended to compare the strategic positioning of Apple and Google and to examine how the likely rivalry between the two is likely to shape the

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June 15, 2010: The Coming LED Lighting Revolution

A brief audio review of this research can be found here: http://live.ssrllc.com/wp-content/uploads/2010/06/June-15-2010-Paul-Sagawa-The-Coming-Revolution-in-LED.wma Advances in LED technology are likely to drive significant improvements in the cost and functionality of LED lighting that would begin a dramatic replacement cycle for the massive

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June 2, 2010: Enterprise Software Giants on the Prowl – Sorting Out M&A Targets

A brief audio review of this research can be found here: http://live.ssrllc.com/wp-content/uploads/2010/06/June-2-2010-Paul-Sagawa-Software-MA.wma Software has historically been the most acquisitive arena in TMT. SAP’s recent $5.8B acquisition of Sybase and IBM’s public commitment to $20B in future deals suggest that recession-related

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May 18, 2010 The FCC “Gets It” – Competition, Not Market Power, Drives Innovation and Investment

The FCC’s plan to reclassify wired broadband as a regulated telecommunications service, combined with its published National Broadband Plan and numerous public comments, makes clear its intention to press a policy of “net neutrality”, heightened competition, low rates and universal

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May 3, 2010 The Big Future of E-Learning: Beyond a Countercyclical Bump and a Student Loan Scare

Education stocks have had a strong run YTD, as continued high unemployment is sparking accelerating enrollment at post-secondary institutions. Of late, the sector has been volatile, as fears of tighter thresholds on government sponsored student lending for occupational training ebb

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April 22, 2010 Quick Thoughts: Lower Subsidies Will Delay Handset Recovery

1Q10 results and forward guidance from players on the wireless value chain have been largely uninspiring.  While we are very bullish about the future of wireless technology, and in particular, the promise of 4G, we are more sanguine about the

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