mocoNews.net - Elevation Partners On Reason For Palm Investment

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James Quintana Pearce

mocoNews.net
Tuesday, January 20, 2009; 8:00 PM

Elevation Partners received a bit of flak for investing in Palm (NSDQ: PALM)?to the tune of 20 percent of its fund, $425 million)?although that's largely died down since the launch of the Pre. Roger McNamee has given an interview with Yahoo Tech Ticker about the investment and how it came about, saying that at the time Elevation Partners thought that "the biggest barrier to mobile content was the lousy platforms". The way he tells it, Elevation Partners were looking at operating systems at about the same time Palm looked at the BlackBerry Pearl and realized it didn't have the right team and the right focus on consumer electronics to compete?

At the end of the video he also touted a few things Pre will do, such as look at your calendar for your plans for the day, then download maps to where you're going and Wikipedia pages about the people and companies you're going to visit. It will also check the GPS coordinates of where you are and compare them to where you're meant to be and let you know if you're going to be late?then offer to send an e-mail to your assistant or the people you're meeting. It's a good idea, although the proof will be in the execution rather than the promotion. (Via Engadget)

@ CES: Palm Demos Its New All-In-One Phone