Feeds

Fanbois will abandon iPhone for Palm, says Wikisugardaddy

Predicts July death for Jobsian status symbol

The Power of One Infographic

Once their current wireless contracts are up, each and every iPhone owner will switch to the Palm Pre. Or so says the ever-entertaining top-secret Wikicult sugar-daddy Roger McNamee.

McNamee's U2-powered private equity firm, Elevation Partners, owns 39 per cent of a certain non-Apple handheld-device company.

Bloomberg recently quoted McNamee as saying: "June 29, 2009 is the two-year anniversary of the first shipment of the iPhone. Not one of those people will still be using an iPhone a month later."

His reasoning? "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."

Odds are, Steve Jobs is not quaking, angst-ridden, in his secure undisclosed location. Last December, Elevation Partners invested a cool $100m (£71m) to increase its Palm-investment ante from 25 to 39 per cent. Then, on Wednesday, after Palm missed analysts' sales estimates and reported its sixth straight money-losing quarter, Standard & Poors lowered the company's investment rating from CCC+ to CCC. That's eight levels below what it regards as investment-grade.

Incidentally, this is the same Roger McNamee who secretly pumped hundreds of thousands of dollars into the not-for-profit Wikimedia Foundation in an effort to turn Wikipedia into a moneymaker. It's a bizarre tale. At one point, U2 front-man Bono personally wooed Wikipedia co-founder Jimmy "Jimbo" Wales on the roof of a five-star Mexican hotel. And the last chapter has McNamee joining the Wikimedia advisory board.

And now, McNamee is not only drinking the Palm-flavored Kool-Aid, he's distributing it by the bucketful. Although the Palm Pre - on paper, at least - looks like a fine phone, it could be headed for a legal showdown with Apple (although Palm insists it's unfazed by Cupertino's implied threats).

To be sure, the Pre may one day carve out a tasty chunk of the smartphone market, especially if it can avoid the launch glitches that plagued RIM's own savior-phone, the BlackBerry Storm.

But to imply that the mere appearance of the Pre will incite a stampede of each and every iPhone fan into Palm's arms seems a stretch. Of course, on July 29, we'll know one way or the other. ®

The Power of One Infographic

More from The Register

next story
Auntie remains MYSTIFIED by that weekend BBC iPlayer and website outage
Still doing 'forensics' on the caching layer – Beeb digi wonk
Major problems beset UK ISP filth filters: But it's OK, nobody uses them
It's almost as though pr0n was actually rather popular
Microsoft unsheathes cheap Android-killer: Behold, the Lumia 530
Say it with us: I'm King of the Landfill-ill-ill-ill
All those new '5G standards'? Here's the science they rely on
Radio professor tells us how wireless will get faster in the real world
Apple orders huge MOUNTAIN of 80 MILLION 'Air' iPhone 6s
Bigger, harder trouser bulges foretold for fanbois
Oh girl, you jus' didn't: Level 3 slaps Verizon in Netflix throttle blowup
Just hook us up to more 10Gbps ports, backbone biz yells in tit-for-tat spat
GoTenna: How does this 'magic' work?
An ideal product if you believe the Earth is flat
Telstra to KILL 2G network by end of 2016
GSM now stands for Grave-Seeking-Mobile network
prev story

Whitepapers

Top three mobile application threats
Prevent sensitive data leakage over insecure channels or stolen mobile devices.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
Application security programs and practises
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
The Essential Guide to IT Transformation
ServiceNow discusses three IT transformations that can help CIO's automate IT services to transform IT and the enterprise.