Paul Sagawa Quotations

We believe that more concrete evidence of this re-acceleration should become apparent by the end of (the first quarter,) yielding a considerable catalyst for future share price appreciation for most stocks in the sector.

We're eyeing this stock because we think that it's going to make an attractive company to take a position, ... But for the time being, I wouldn't want to be out in front of the freight train. So we're on the sidelines right now.

So it's relatively significant that they said flat-to-down.

My understanding of Nokia's management makes it unlikely that they would want to do this. Nokia has been doing well with organic growth and not doing large acquisitions. On the other hand, Lucent has a lot of assets that might be valuable, and some of those assets might match up well with Nokia. Lucent needs strong management, and Nokia definitely has that.

Getting big is what this is all about.

I don't think it'll work if it's just Americans losing their jobs.

Ordinarily, you would expect Cisco to give bullish guidance for the January quarter.

You have telephone operators girding themselves to take on the cable operators, and at this point there's no way they can take advantage of scale unless they invest in their networks.

Nortel doesn't have this particular piece, which gives Lucent a leg up,

A lot of roll-outs are slowing down a little bit. The next upgrade isn't going to be ready until the end of the year.

They go together like chocolate and peanut butter.

It's a terrific move. It creates two businesses, each focused on their own area, and two investment vehicles that are more closely aligned with the kind of performance that investors are looking for.

It's a terrific deal, ... It adds legs to Lucent's top line growth.

It's a capability that Nortel doesn't have today. If the deal happens, Lucent will have more complete metropolitan solutions.

They can get additional debt financing the question is, what do they have to pay for it.

In the period until the merger is consummated and maybe the quarter afterwards, there tends to be a lull in capital spending, followed by a burst after they do their integration planning, to more than make up for it.

I think 15% is a baseline, a minimum forecast. All our checks suggest strong growth.

Chambers did say that the second quarter will be more challenging for the company,

The market for handheld devices is really excellent. Palm can sell everything it makes.

This is a company that executes very well and even though the demand for cell phones might be slowing, they're taking additional market share, ... We think they're going to keep taking additional market share.

The Chinese market would be weak even if SARS had never happened. It's just the icing on the cake.

The Finns are not by nature impulsive. Any final price tag for Lucent probably would be around $100 billion. Who out there can do a $100 billion deal these days?

The Finns are not by nature impulsive, ... Any final price tag for Lucent probably would be around $100 billion. Who out there can do a $100 billion deal these days?