Well, apparently some corporate bigwigs are just as dumb as big-mouthed DBs. Last week Palm, Inc. investor Roger McNamee predicted that the new Palm Pre would mark the death of the iPhone, going so far as to opine that, once iPhone users’ contracts expire, “Not one of those people will still be using an iPhone a month later.” This follows Palm CEO Ed Colligan’s stellar 2006 prediction that the iPhone would bomb: “We’ve learned and struggled for a few years here figuring out how to make a decent phone. PC guys are not going to just figure this out. They’re not going to just walk in.”
Look, calling out your in-state rival is one thing. Calling out one the largest and arguably most popular companies in the world whose goal is nothing short of global domination is a different ballgame.
Secretly obtained photo of Steve Jobs discussing Apple's long-term plans.
For those few of you who have anything left in your stock portfolio, I’d advise you to sell your Palm stock before kickoff.