Palm Backs Down On Investor’s Crazy Prediction, Reassures Us The Future Is Still Rational
After U2 ditched Apple to buddy up with RIM, you’d think the crazy sponsorship and marketing promotions would’ve stopped. For us, it just began as Roger McNamee informed us of an apocalyptic scenario for the iPhone following its two year anniversary as everyone would jump ship to hop aboard Palm’s and ride the waves, Pre in hand. Following such lunacy, Palm issued a back track on McNamee’s statements and reassured us that not everyone and their mother would ditch their iPhone just for a Palm Pre come June 29 of this year.
McNamee, an investor for Elevation Partners, a huge backer of Palm and responsible for financing the development of the Pre got overly excited about the Palm Pre on live TV. Like anyone overly enthusiastic about a product, McNamee got carried away and his verbal victim, the iPhone, bore his oddly predicted doomsday scenario. His reasoning behind the massive switch of iPhone users to the Palm Pre? Well, not only is the Pre godly awesome but many first generation iPhone users’ contracts will expire that day which is justification enough to immediately dump AT&T in favor of Sprint and pick up a Pre.
Palm went ahead and issued an SEC document clarifying McNamee’s outlandish claims and remind us that investor’s imaginations have no influence on reality.
Via: The iPhone Blog