Palm Issues Official Retraction of Roger McNamee’s Pre Crazy Talk

Translation: This dude is crazy but we can’t get rid of him because it’s his money that’s keeping the company afloat.

More from Dan Moren and John Paczkowski.

(The problem with McNamee’s trash talk regarding the iPhone is not about whether the Pre will actually be a worthy rival. Let’s just concede that it will. The problem is that this is the wrong way to set expectations. Clearly there is room for both the iPhone to continue to sell well and for the Pre to have a successful launch — but investors who took McNamee at his word would deem that scenario a failure for Palm.)

★ Tuesday, 10 March 2009