“Palm Inc.’s new Pre smart phone will lure customers away from Apple Inc.’s iPhone when their contracts start expiring in June, Palm investor Roger McNamee said,” Rochelle Garner and Hugo Miller report for Bloomberg.
Garner and Miller report, “‘You know the beautiful thing: June 29, 2009, is the two- year anniversary of the first shipment of the iPhone,’ McNamee said today in an interview in San Francisco. ‘Not one of those people will still be using an iPhone a month later.”
MacDailyNews Take: iCal’ed. Rog, it sounds like you’re off your meds, buddy. Or you’re getting even more desperate over Palm, if that’s even possible. Dangle that Pre takeover bait like there’s no tomorrow! Which, of course, for Palm, it’s highly likely there isn’t. By the way, if just one (1) iPhone owner renews his contract instead of buying a Pre, this genius McNamee is proven wrong.
Garner and Miller continue, “When asked about the release date and price of the Pre, McNamee said Sprint Nextel Corp., the phone’s exclusive carrier, probably will release the details soon. Palm, which pioneered mobile devices with its Pilot products more than a decade ago, is counting on the Pre to help reverse six straight quarters of losses totaling more than $650 million.”
MacDailyNews Take: Actually, Rochelle and Hugo, Apple pioneered mobile devices with its Newton products which began development two decades ago. Learn some history before reporting. It’s really not that difficult.
Garner and Miller continue, “This week, Palm posted preliminary third-quarter sales that fell short of analysts’ estimates by as much as 50 percent, citing waning demand for older models. The company is scheduled to report full results March 19.”
Garner and Miller report, “‘Think about it — If you bought the first iPhone, you bought it because you wanted the coolest product on the market,’ said McNamee, 52. ‘Your two-year contract has just expired. Look around. Tell me what they’re going to buy.'”
MacDailyNews Take: The next-gen iPhone, of course. Not a piece of takeover bait that will likely be under injunction and proffering approximately zero apps in its fake app store. Let’s see, should we go with the platform that in June will have well over 50,000 apps given current growth rates and likely next-gen models, or the one with no apps and no iPod that also comes with batshit insane backers who spout crazy-talk in public? Hmm, tough decision.
Garner and Miller continue, “McNamee is a co-founder of Elevation Partners, the investment firm that agreed in December to pay $100 million to lift its stake in Sunnyvale, California-based Palm to 39 percent from 25 percent. His firm, whose partners include U2 singer Bono [and former Apple CFO Fred Anderson], also invests in companies such as Forbes Media LLC.”
MacDailyNews Take: A little less “elevation” there, Rog. You sound plenty high enough already.
Full article here.
MacDailyNews Take: If these Apple castoffs and dipshit investors that make up what’s left of Palm actually believe their delusional pronouncements, they’re in for a nightmarishly rude awakening. Again.
We’ve learned and struggled for a few years here figuring out how to make a decent phone. PC guys are not going to just figure this out. They’re not going to just walk in. – Ed Colligan, Palm CEO, November 16, 2006, laughing off the idea of Apple entering the smartphone market.
We don’t want to follow design fads. – Palm CEO Ed Colligan commenting on Apple’s iPhone, February 2007
[Thanks to MacDailyNews Reader “Graeme” for the heads up.]