Roger McNamee's wild predictions shot down -- by Palm itself
byTim Stevens||March 10th 2009 at 7:12amMarch 10th 2009 7:12 am
Remember wild-man McNamee's predictions last week of death to the iPhone and all sorts of other Pre-related wonderment? We read and we chuckled and we moved on, but someone took his statements a little more seriously -- Palm. Yes, the company Roger was talking up, the company in which his firm Elevation Partners owns a particularly large stake, submitted a document to the SEC that summarily disputes all of his hyperactive talking points. It's full of facts and figures and is completely dry, but, like an episode of Yes Minister, is also full of comedic brilliance. Here's the company's reaction to our favorite bit, about the death of the iPhone:
The statement in the second paragraph of the article that "not one" person who bought an Apple, Inc. iPhone on the first shipment date "will still be using an iPhone a month" after the two-year anniversary of that day is an exaggerated prediction of consumer behavior pattern and is withdrawn.
It's good to know that, even in these tough times, there's still some comedy left in the corporate world. More boardroom humor after the break.
With respect to the statements in the tenth paragraph of the transcript that the Palm Pre is "going to be a million times – well, not a million times – several times faster" than Apple, Inc.'s iPhone products and is "going to run rings around them on the web," the Palm 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.
Where were these guys when Creative made the Zii sound like the second coming?