You Just Know This One’s Getting Filed Away in the Claim Chowder Folder


Palm Inc.’s new Pre smart phone will lure customers away from Apple Inc.’s iPhone when subscribers’ contracts start expiring in June, Palm investor Roger McNamee said.

“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.”

McNamee isn’t just some crackpot:

McNamee is a co-founder of Elevation Partners, the investment firm that agreed in December to pay $100 million to lift its stake in Palm to 39 percent from 25 percent.

Not sure why he’d want to raise expectations like this.

Thursday, 5 March 2009