Elevation Statement on Palm Progress
As a result of the highly speculative analyst report yesterday that postulated that Elevation may be looking to divest itself of its Palm investment, Elevation Partners co-founder and Palm Board member Roger McNanmee, has released a statement reasserting their position. In short, Mr. McNammee states that Elevation remains quite excited about Palm's progress and next generation operating system and they have no plans back out of their Palm investment. The statement in full reads:
"Elevation Partners is very pleased with the progress Ed Colligan, Jon Rubinstein and the entire Palm team are making. The Company's product pipeline, including a next generation operating system due out soon and a new device targeted for the first half of 2009, excite us enormously. Elevation supports Palm in taking the difficult but necessary steps required to migrate from legacy products. We have a very long-term investment horizon and have no plans to exit our investment in Palm."
Thanks to Tech Trader Daily for the tip.
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RE: To the Parse-O-Meter, Sherman!
http://www.palminfocenter.com/news/8437/palm-os-cobalt-video-demo/
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
As noted earlier
- http://www.palminfocenter.com/comments/7256/#146346
PLUS, he also released a DIFFERENT blurb on Elevation Partner's Forbes position, another that is not necessarily performing to expectations...
stupid management
Truth Translation
with PALM at $2.15/share, we are not very happy with our investment. we have little confidence in management given their prior track record to innovate and deliver results. however, given the current share price and the magnitude of realized losses we would suffer by divesting of this pig now, we have no choice but to hang on and pray for a miracle even though we may probably ride this puppy all the way down to zero. we must feign confidence in management and the company as to not cause a panic among current shareholders and accelerate the already accelerating death spiral. our boy ruby really screwed us on this one.
RE: Truth Translation
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: Truth Translation
if EP like 'em at $2.15/share, they must LOVE 'em at $1.54. your boy ruby really did his homework on this one!
I'm going to buy Palm stock
RE: I'm going to buy Palm stock
"twrock is infamous around these parts" (from my profile over at Brighthand due to my negative 62 rep points rating)
RE: I'm going to buy Palm stock
And do it quickly...
Leak something, already!
But they're hemorrhaging users as fast as money. Give us some reason to wait rather than jumping ship as soon as StyleTap and Apple work things about.
Blurry camera phone picture or video, mockup of the UI, a list of what's done and what's left, SOMETHING.
I mean, even Microsoft shows off alpha versions of the next iteration of Windows.
(Sorry. Rant over. I realize I'm becoming repetitive.)
-
PalmPilot Pro (1997) -> III (1998) -> Vx (1999) -> m500 (2001) -> m515 (2002) -> Tx (2007)
RE: Leak something, already!
> iteration of Windows...
Based on the latest rumor poop in the Me-Too Media (today), MSFT may be showing off their Zune phone soon.
RE: Leak something, already!
My daughter in law was looking at getting a "PDA" and in looking at the market we really do not have it as a segment anymore. Everything is either a smart phone or a cheap type "PDA" / calculator.
I have held off replacing my TX and I'm not sure what direction I will take. Right now the i-Phone is leading the list with Blackberry\Blackjack a strong second. I do not want to go to the dark side with MS. Not wanting to start a flame I'm just not a fan of MS in the handheld. I do support MS on the desktop side.
The more I hear in the i-phone the more it sound like esarly Palm. Lot of third party support and inexpensive applications catering to a wide range of users. And even though they do not use "clicks" to get where they are going it does run app with very few strokes.
Sorry for the long rant but I feel a lot of us on the list read daily and it's like a train wreck. You are pretty sure you know what is going to happen and you know you should stop watching but somehow seeing is beleiving.
Keith
RE: NOVA on youtube
-
PalmPilot Pro (1997) -> III (1998) -> Vx (1999) -> m500 (2001) -> m515 (2002) -> Tx (2007)
Why not?
If it turns out that they do pull it off, will you all come back and eat a little crow?
"twrock is infamous around these parts" (from my profile over at Brighthand due to my negative 62 rep points rating)
RE: Why not?
Not to say I haven't indulged in a bit of bashing myself* from time to time, but the sweeping (and baseless) claims of Nova's non-existence are just a bit too far on the whack-job side of loony for me to read them with a straight face.
*A prize** for the first person to crack the obvious joke!
** TBA
RE: Why not?
> that they won't do what they say they have planned...
As one who is not exactly known as a Palm optimist, I can't see saying nothing's coming, either.
However...
It remains weirdly unclear about what Palm said is coming!
I won't rererererequote Colligan's and the CFO's words again, but exactly what they "promised" by year end is as ambiguous as what Nova will ultimately look and feel like at this time!
Are they "releasing" the WHOLE thing? Just a documented API set? An emulator and the API only? A kernel only with no UI? What? And how? And to whom?
Waiting with bated breath (or should that be...particularly in this case..."Waiting with baited breath"?)
RE: Why not?
People have to admist that despite everything Palm has had an incredible run of luck vis a vie its competition. Neither Apple, RIM, Android or even Microsoft has hit the home run that kills Palm. Apple is having dev problems and it still has not become the darling of the business comminity or prosumers to the point that Palm can't put up a fight. RIM's Storm and Bold have not been breakaway hits and RIM still has an inferior 3rd party software market. Android is probably what would take down Palm in rev 2 or 3 but its still too undercooked for the business and prosumer market right now and if Nova meets expetations early enough then again Palm stays in the game.
I am not so worried about Palm's cash position provided Nova is as promised. There are folks out there (including EP for that matter) who can fund the road to market for a piece of the baking pie, so long as the pie looks like its going to be tasty. The carriers, ATT, Sprint and Verizon all could benefit with a Nova Palm product. ATT as a counterbalance to being Apple's bit*h, Sprint, because they need a winner of some sort, and even Verizon if they can actually get something that is a real iPhone competitor (the Storm is not). Of course all this surmises a) and b) above come to pass. Actually b) better be EARLY half of 09-Jan would not be too soon.
All that said, I am not foolish enough to not admist the fat lady is singing scales for Palm, I just object to the folks calling the time of death before it all plays out.
"Many men stumble across the truth, but most manage to pick themselves up
and continue as if nothing had happened."
- Winston Churchill
NOVA on youtube
RE: NOVA on youtube
I am almost beyond speechless
== Rubinstein and the entire Palm team are making..."
Especially their new marketing angle:
- http://www.palm.com/claus/?creativeID=US_BB_claus
RE: I am almost beyond speechless
Palm has officially become a toy company.
The last known classic PDA user.
RE: I am almost beyond speechless
RE: I am almost beyond speechless
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: I am almost beyond speechless
a creepy, skinny, albino, euro-trash hipster santa claus? that's almost Un-American. i bet you a liberal thought of this marketing campaign.
very disturbing.
RE: I am almost beyond speechless
I looked at that page again and I am filled with even MORE scorn for that ad campaign than I was previously! Ugh!
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: I am almost beyond speechless
"Many men stumble across the truth, but most manage to pick themselves up
and continue as if nothing had happened."
- Winston Churchill
RE: I am almost beyond speechless
Lol!
RE: I am almost beyond speechless
RE: I am almost beyond speechless
may i add androgynous and effeminate? surely, a liberal cooked this one up.
RE: I am almost beyond speechless
The last known classic PDA user.
RE: I am almost beyond speechless
-Bosco
m105 -> NX70v -> NX80v -> iPhone -> iPhone 3G
RE: I am almost beyond speechless
Oh! Oh!
I get it!!
Someone went to see The Producers (most likely got the DVD via Netflix, if not BitTorrent) and decided to Springtime for Palm the company!
Quick!! Someone take this classic clip and apply PALM subtitles!!!
http://www.youtube.com/watch?v=wd4WZ3LqCKw
It'll be their Super Bowl ad!!!
Oh dear
http://blog.palm.com/palm/2008/11/centrohoho.html
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
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To the Parse-O-Meter, Sherman!
Um, out WHERE?
>>>and a new device targeted for the first half of 2009
Is "device" = phone or what?
And why so long between OS "out soon" and "first half of 2009" (hello, JUNE 30th!)?
Can we get a Statement on the Statement to clarify?