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Let $\left(X_j\right)$ be a sequence of independent identically distributed random operators on a Banach space. We obtain necessary and sufficient conditions for the Abel means of $X_n...X_2{X}_1$ to belong to Hardy and Lipschitz spaces a.s. We also obtain necessary and sufficient conditions on the Fourier coefficients of random Taylor series with bounded martingale coefficients to belong to Lipschitz and Bergman spaces.

We obtain a sufficient condition on a B(H)-valued function φ for the operator $⨍\mapsto {\Gamma }_{\phi }{⨍}^{\text{'}}\left(S\right)$ to be completely bounded on $H^{\infty }B\left(H\right)$; the Foiaş-Williams-Peller operator | St Γφ | Rφ = | | | 0 S | is then similar to a contraction. We show that if ⨍ : D → B(H) is a bounded analytic function for which $(1-r)\left|\right|{⨍}^{\text{'}}\left(r{e}^{i\theta }\right){\left|\right|}_{B\left(H\right)}^{2}rdrd\theta$ and $(1-r)\left|\right|⨍"\left(r{e}^{i\theta }\right){\left|\right|}_{B\left(H\right)}rdrd\theta$ are Carleson measures, then ⨍ multiplies ${\left(H^1{c}^1\right)}^{\text{'}}$ to itself. Such ⨍ form an algebra A, and when φ’∈ BMO(B(H)), the map $⨍\mapsto {\Gamma }_{\phi }{⨍}^{\text{'}}\left(S\right)$ is bounded $A\to B(H^2\left(H\right),L^2\left(H\right)\ominus H^2\left(H\right))$. Thus we construct a functional calculus for operators of Foiaş-Williams-Peller type.