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Why Elevation Partners Invested $425M in Palm

Posted Jan 16, 2009 02:53pm EST by Sarah Lacy in Investing, Computers, Electronics, Products and Trends, Recession
Related: PALM, RIMM, AAPL, ^ixic
Roger McNamee of Elevation Partners is a well-known investor in both Wall Street and Silicon Valley. But two years ago, when he invested 20 percent of his private equity fund in smart phone has-been Palm, even his biggest fans were doubters.
 
At last week’s Consumer Electronics Show, he could finally show the world why. Palm’s new Pre aims to upend the smart phone market by designing a radically different device, that’s not based on a PC architecture. Few reviewers have gotten a full run at vetting it, but so far the critics have been ga-ga.
 
In our final clip with McNamee, he takes us back to the time of his Palm investment, describes that “Sally Field” moment at CES, and gives us a quick walk through his new favorite gadget. 

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