Palm’s new Pre smart phone will lure customers away from Apple’s iPhone when subscribers’ contracts start expiring in June, Palm investor Roger McNamee said. “You know the beautiful thing: June 29, 2009, is the two year anniversary of the first shipment of the iPhone,” McNamee said. “Not one of those people will still be using an iPhone a month later.”
When asked about the release date and price of the Pre, McNamee said Sprint Nextel Corp., the phone’s exclusive carrier, probably will release the details soon. Palm, which pioneered mobile devices with its Pilot products more than a decade ago, is counting on the Pre to help reverse six straight quarters of losses totaling more than $650 million.