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-- -- consumer likes that electronics show is under way in Las Vegas and everybody in the electronics industry is showcasing their latest.
And greatest right now we have a special treat -- claiming joins us from Las Vegas with a special guest.
First here on Fox Business that hey -- what's going out there must be a great place great time.
-- thought the jetBlue flight hello from JFK to Las Vegas last night and all anybody was talking about.
With computer you're gonna get -- to see the -- a lot of the new ball in the Palm Pre the bomb very very it is.
One of the most talked about gadgets if not the most really as far as -- are concerned right here in my hand this is the Palm -- Much awaited I have to tell you and look at some of the things it does it is touch screen you just move along.
Course I love the greens fabulous gorgeous pictures -- into the salon but it has what's called that QWERTY keyboard which is something the iPhone.
Does not happen.
It pulls right down here and the man who was I guess you could say.
Made this possible joins me now Roger McNamee of Elevation Partners has put more than 400 million dollars committed 425.
Into this in the -- you are believer in the company that's behind.
Graham and behind iPhone right now how did this were -- left on what he.
Well I think it's been a fantastic day for us I think we caught the world by surprise which is -- really great thing.
I think the mistake that analysts have made is in.
Thinking that -- innovation in cell -- he's done with the iPhone and Blackberry.
And I absolutely love those products I think if it corporate -- the most important thing elect -- the right product.
And -- iTunes is the most important thing like -- guys also write about but you know there's a million people for whom those are only application they're not the senator Lott.
We do everything those products do.
But because this is a brand new architecture this is the first product of what we call the palm webos.
Which is -- open source base.
New platform designed just for mobility it's not like Mac OS-X designed for PC and squeeze into a -- not like Microsoft Windows Mobile squeezed into a ball.
Is on your -- and the key thing is.
He knows what time it is notorious -- dean knows where it is so for example when you were lately as what is your current cell phone before you nothing.
Nay this once it's there because you are going to be lately age you have only twenty minutes to get where you're going.
And your host which -- likely to send an email to your assistant in all the -- you're going to be as cold weather like here's the map.
It does at all it's.
Trying to reduce your blood -- I love.
The phone already just by holding the day I think it's fabulous that I have to ask you.
And how do you get when you need to just do a little bit of punching -- we have them here on the back.
Okay this is designed for -- these guys -- actual you know I well.
This is the first phone ever designed with the notion that not every minute of the day it's the same right.
That the morning is more important than most of the day and that when you're late it's the moment of maximum panic and we solve those problems -- it automates and anticipate your needs.
I love the phone I'm telling you that right now but.
IPod had a hundred million dollar marketing fund the blackberries have a massive fund brought it here the elevation partner guys knew what -- how do you have got much to market the so.
Here's the beautiful thing if if you want an iPhone you can only -- from AT and stay right.
If you want Blackberry storm you can only buy it from Verizon what if you're asked what if you are a customer on sprint.
What's the highest level -- people are really tied into their Kerry -- and sprint has won three years without a great high end Smartphone.
And so what we're giving them -- product better than anyone else's and I think sprint will find it completely in their interest as AT&T did before them.
To spend real money because this is a game changer for them.
Cody Willard has a question for you.
Voting what's the question -- up from the bar here on the ground inside the open.
Source software I love it's genius especially creating the platform built the operating system itself from there.
Talking about the applications and how many.
Developers are going to be out there developing applications and wouldn't say you know what.
Behind iPhone already having thousands of these really applications how long before you guys -- it -- been able to be on the and site.
So he did so Gary -- the beautiful thing about cutting.
-- -- excuse me the burden on day wind you're gonna literally have access to absolutely everything on the web in a way no one has ever had access to a report from a mobile device.
And importantly this architecture would Linux at the bottom and applications -- and data services layer.
You'll find a very interesting story around that because essentially the architectures are very similar -- Google apple and and bomb.
Which means an application portability is going to be very during an easy thing until it's too early to answer the question but I think directional and the stories and passed.
Here's -- tell Eric -- -- -- topic as well listen you know might as quick question -- you've been investor alcohol or.
For a while right.
Stock up about -- -- percent today.
-- -- stock up 33% to dampen investor is it still is there's still time to get into this stock to a lot of the only all.
At five -- so hard to run away.
So so Gary I'm not gonna make that call for you what I will tell you -- know is that.
The equity market value of this company at a 105 million shares before we put our.
Commitment and and after the command I think dropped a 140 million shares so -- five -- you can do the -- this is a market value substantially less than a billion dollars.
For this product you decide -- like a reasonable value and I'd I'd I can't tell you how we're also let you spend entering the -- But I'll never forget -- once you get it's in the back and I'm I'm not more than consumer very very consumer perspective I I saw.
-- there's just holding -- it looks a little ball game you know I I've got a Blackberry.
I wouldn't yeah.
Well another I would say what they did so how how well -- -- easier typical thing is this for me to figure out.
So the answer is yeah.
Some people are -- yeah.
Kelly some people -- keyboard people this product you can make your choice it doesn't make any difference.
Unlike all these guys which by the way are all much bigger and much club here -- they're lipstick.
This actually fits nicely in your hand it is -- yet the screen is 85% the size of the other guy.
It's OK so and our web browser is almost.
-- -- -- -- And -- -- -- -- the architecture.
Doesn't have all the overhead a PC operating system the way that the iPhone and Windows Mobile -- and doesn't have the overhead.
Having a twelve year old PC application -- black I -- I'm half way to Rio with all of your contacts he had not military got -- in the best part of this this is that -- now owns a we had a kind of a light -- right -- -- so that's a lot parade.
How much stomach the -- price I'm not gonna tell you the price that I disclose my -- a little bit later battleship in the first half of this year.
And you know that the cool thing about it is that.
This is just looked -- the tip of the iceberg we're showing about 5% -- the platform can do in the first product.
And the nice thing is -- everything about it gets updated over the air you're never gonna have to plug it in any.
Roger McNamee started in the early years -- always understood the Internet and high tech gadgets don't count him out making up 400.
25 million dollar bet with -- on the palm -- thank you thank you comment on.
Happy -- barely out of the first real well Hudson and didn't go out and thank you so much list.
-- thank you very -- US.
About investing in palm itself until it depend upon the actual place that they start so what they had guys see -- -- 140 answer Greg let you know all right.
They can you work on any service eighteenth -- vibrant.
Only Frankfurt initially and we got problems.
That was his point -- -- on the Blackberry.
Whatever is at Verizon only iPhone on -- at all.
I think it's sold out anyway it was a -- It absolutely will but -- not I still think you want to touch that stuff.
I got up that's --
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