Palm formally withdraws key investor’s iPhone-bashing statements | iLounge News

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Palm formally withdraws key investor’s iPhone-bashing statements

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By Charles Starrett

Contributing Editor
Published: Tuesday, March 10, 2009
News Categories: iPhone

Following an interview last week with Bloomberg in which a key Palm investment partner and board member made disparaging remarks about the iPhone, Palm has filed a form with the SEC formally withdrawing the statements. Roger McNamee, Managing Director & Co-Founder of Elevation Partners, which owns 39% of Palm, and board member of Palm, Inc., said of the iPhone, “our product’s just going to run rings around them on the web. If you want to go to the web, it’s just going to be a million times—well, not a million times—several times faster.” Palm noted in its statement that the Pre is “still under development and it is premature to state the speed at which the device accesses the web or the relative speed of the Palm Pre compared to the smartphone products of competitors.”

Perhaps more noteworthy was McNamee’s claim that “not one” original iPhone purchaser will remain an iPhone user once their contract expires. “You know the beautiful thing: June 29, 2009, is the two- year anniversary of the first shipment of the iPhone,” McNamee said. “Not one of those people will still be using an iPhone a month later. Think about it—If you bought the first iPhone, you bought it because you wanted the coolest product on the market. Your two-year contract has just expired. Look around. Tell me what they’re going to buy.” In its filing, Palm said this statement was “an exaggerated prediction of consumer behavior pattern and is withdrawn.”

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Comments

1

McNamee’s comments remind me of what Microsoft’s Steve Balmer said prior to the iPhone’s release, predicting instant failure. Apple bashing (professional jealousy) from on high…

Posted by RNB in Bakersfield, CA on March 10, 2009 at 8:42 AM (PDT)

2

Don’t forget about that wacky Michael Dell’s comments saying that, if he’d bought Apple, he’d have liquidated it. *eyeroll*

I was a Palm user for many years. But quite frankly, the OS was old and tired when I bought my Tungsten E, and had zero real competition.

Now the iPhone/iPod touch exist, and Palm is going down the tubes. Coincidence? Hmmmm….

Oh, and in case this exec is reading? I know three people at my workplace alone who bought 1st-gen iPhones. And then upgraded to the 3G the day they came out. And gave the old iPhones to their wife/spouse/etc. And none of them want any other phones at all.

Huh. Yet another mistake on Palm’s part. Go figure.

Posted by Daniel S. on March 10, 2009 at 6:21 PM (PDT)

3

Wow, I’m still happily using my day 1 original iPhone, and see no need to buy the Pre.  Besides, why would I want to switch to Sprint when they suck?

Posted by matrixsjd on March 10, 2009 at 7:19 PM (PDT)

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