Roger McNamee is co-founder and managing director of Elevation Partners, and back in 2007 Elevation partners invested $325 million in Palm thus taking a 25 percent stake.

Palm, this year has lost in excess of $100 million on revenues of $1.32 billion due to cancelling their Foleo netbook project, the collapse of PDAs and the failing Palm OS.

Thus we come to the Palm Pre as the hopes to rescue Palm from the smartphone fires of obscurity. It is obvious McNamee will tout the Palm Pre exaggerated claims particularly in terms of the Apple iPhone could well end up doing more harm than good, and thus several of McNamee’s statement have either been retracted or corrected.

Next time maybe someone should think before speaking.

Source — appleinsider