Comments on: Palm Issues 10 Clarifications and Corrections on McNamee Interviews
In a rather unusual SEC filling, Palm has composed a free writing prospectus on the subject of Roger McNamee's recent Bloomberg TV interview and subsequent article. The SEC document includes ten itemized "Clarifications and Corrections" about remarks made by Mr. McNamee from everything from Palm Pre functionality, comparisons with competing products and various market statistics.
The full document can be found on Palm's Investor Relations website. We've posted the relevant corrections and interesting parts after the break.
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Yikes....
I'm guessing it sucks to be him right now...
RE: Yikes....
I like this:
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...
No, really? Exaggerated? And here we all were swallowing that hook, line and sinker. Thanks, lawyers!
RE: Yikes....
Maybe if McNamee had thrown in a "Yo momma" here and there this retraction/clarification" could have been avoided. As in "Yo momma's iPhone is so old it uses a wheelchair that can only roll backwards and that is why the awesomeness that is the Palm Pre with webOS (TM) will own Yo Momma come June!" or something to that effect. :)
Clearly his smack talking was not over the top enough. My advice, Mr. McNamee, next time say what you really feel. :)
In the Spirit of Umoja,
Ronin
RE: Yikes....
Ronin wrote:
Corporate lawyers sure know how to suck all the fun out of some good old fashion smack talk.
Nice to hear someone else was having the same thoughts I was.
I was kinda laughing at the thought of someone buying a Pre and then suing Palm because McNamee had said it was a million times faster and the actual numbers are "much lower". :-)
"twrock is infamous around these parts" (from my profile over at Brighthand due to my negative 62 rep points rating)
RE: They have more clarifications yet to be filed with the SEC
RE: They have more clarifications yet to be filed with the SEC
Managing expectations so Palm doesn't get sued when the Pre doesn't fulfill McNamee's "pie in the sky" projections.
RE: They have more clarifications yet to be filed with the SEC
== "It knows where you are, where you are going, who you are meeting
== with. If you're late it'll send a message to the other attendees telling
== them you're going to be late"
This oughta be fun to see.
RE: They have more clarifications yet to be filed with the SEC
Speculation is that Apple will finally allow multitasking of compiled apps.
Will further retractions from Palm be forthcoming?
Unprecedented?
I'm glad to see Palm admit:
>>>the Palm Pre is still under development and it is premature to [whatev]
That's exactly what I've thought since CES.
RE: Unprecedented?
McNamee needs to borrow Steve Jobs reality distortion field generator.
Actually, it seems to me more like he's trapped inside one. :)
Some of those comments might have justification, if McNamee actually knows something. But statements like, "Every owner of the original iPhone will switch to the Pre" are just silly.
If he was going to tout the Pre, he should've just compared the announced specs to the iPhone.
RE: Unprecedented?
Palm needs to get in gear and release this thing sooner - rather than later.
Doesn't anyone remember the Osbourne effect?
The Osborne effect is exhibited when a company's premature revelation of information about future products results in customers not purchasing (or delaying purchases of) the current offering. Its origin is a purported suicidal marketing mistake made by the Osborne Computer Corporation in the 1980s when its announcement of a successor to its Osborne 1 system led to a sharp reduction in sales, and the delay of the successor system created a revenue vacuum from which the company did not recover.
RE: Unprecedented?
On the other hand, imagine if they were to rush the Pre to market now with disastrous 700w/700p/650/LifeDrive/T5-style launch bugs. You've gotta wonder what is worse, releasing a half-baked device on time or releasing a "fixed" device late and losing all of that lovely post-CES buzz.
I bet Colligan and co. are really wishing they'd never wasted a single man-hour on Hawkins' silly Fooleo concept back in '05/'06/'07. On that note, where IS Hawkins? Palm is about to release its best-ever piece of hardware with a slightly revolutionary formfactor and UI and the man's nowhere to be found. Did the Fooleo really shame the man that much? 2 outta 3 ain't that bad! (Pilot, Treo, Fooleo)!
Pilot 1000->Pilot 5000->PalmPilot Pro->IIIe->Vx->m505->T|T->T|T2->T|C->T|T3->T|T5->Zodiac 2->TX->Verizon Treo 700P->Verizon Treo 755p->?
RE: Unprecedented?
I was actually half-expecting Palm to trot Hawkins out immediately post-CES while basking in the strong buzz ("Best of Show" etc) amidst some "this is our 3rd game-changer" type propaganda.
It seems that, for better or worse, McNamee is fulfilling the role of the rah-rah visionary evangelist role formerly occupied by Hawkins.
I suppose the way I should have phrased my previous question: WOULD Hawkins be doing Pre-motional stuff if he were still involved with the firm in any actual capacity or does he simply not want to hav anything to do with mobile tech anymore?
Pilot 1000->Pilot 5000->PalmPilot Pro->IIIe->Vx->m505->T|T->T|T2->T|C->T|T3->T|T5->Zodiac 2->TX->Verizon Treo 700P->Verizon Treo 755p->?
Maybe not a 'million' times faster, but...
"twrock is infamous around these parts" (from my profile over at Brighthand due to my negative 62 rep points rating)
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ROFL @ Lionel Hutz
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Bailiff: Do you promise to tell the truth the whole truth and nothing but the truth, so help you God?
Marge: Mmm... Yes, I do.
Hutz: She sounded like she was taking that awful seriously.
**********************
Hutz: Now Marge, you've come to the right place. By hiring me as your lawyer, you also get this smoking monkey.
[sniff] Better cut down there, Smokey! [laughs]
Marge: Mr. Hutz!
Hutz: [excited] Look - he's taking another puff!
Marge: Mr. Hutz! This was all a misunderstanding; I didn't mean to take anything. [Lionel disappointedly drops the smoking monkey in a drawer full of identical critters]
Hutz: Now don't you worry, Mrs. Simpson, I - uh-oh. We've drawn Judge Snyder.
Marge: Is that bad?
Hutz: Well, he's kind of had it in for me, since I accidently ran over his dog. Actually, replace `accidently' with `repeatedly', and replace `dog' with `son'.
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http://www.youtube.com/watch?v=C-v5PzE2fIg