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	<title>BoomTown &#187; Foleo</title>
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		<title>Welcome to Lucky D7: Still Gambling on the Digital Future</title>
		<link>http://kara.allthingsd.com/20090504/welcome-to-lucky-d7-gambling-on-the-future-of-tech/</link>
		<comments>http://kara.allthingsd.com/20090504/welcome-to-lucky-d7-gambling-on-the-future-of-tech/#comments</comments>
		<pubDate>Mon, 04 May 2009 07:15:55 +0000</pubDate>
		<dc:creator>Kara Swisher</dc:creator>
				<category><![CDATA[All Things Digital]]></category>
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		<guid isPermaLink="false">http://kara.allthingsd.com/?p=13080</guid>
		<description><![CDATA[Incredibly, this is the seventh year of the D: All Things Digital conference.

We feel very lucky to get here, especially in the midst of what our own site's Digital Daily scribe, John Paczkowski, has so perfectly dubbed the "econalypse."

Ironically, Walt Mossberg and I planned to launch the very first conference in the middle of the last major downturn for tech, in 2001. But, in the carnage of the Web 1.0 meltdown, we actually held off for two years, with our first D gathering taking place in 2003.

Well, we're still going--making the same long-term bet that the digital revolution will keep rolling as we did at D1. Here's our lineup for D7.]]></description>
			<content:encoded><![CDATA[<p><a href="http://kara.allthingsd.com/files/2009/05/777-fulljpg.jpeg"><img src="http://kara.allthingsd.com/files/2009/05/777-fulljpg-250x141.jpg" alt="777-fulljpg" title="777-fulljpg" width="250" height="141" class="alignright size-medium wp-image-13081" /></a></p>
<p>Incredibly, this is the <a href="http://d7.allthingsd.com">seventh year of the <strong>D: All Things Digital</strong> conference</a>.</p>
<p>We feel <em>very</em> lucky to get here, especially in the midst of what our own site&#8217;s <a href="http://digitaldaily.allthingsd.com">Digital Daily scribe, John Paczkowski</a>, has so perfectly dubbed the <a href="http://digitaldaily.allthingsd.com/category/econalypse/">&#8220;econalypse.&#8221;</a></p>
<p>Ironically, <a href="http://walt.allthingsd.com">Walt Mossberg</a> and I planned to launch the very first conference in the middle of the last major downturn for tech, in 2001. But, in the carnage of the Web 1.0 meltdown, we actually held off for two years, with our first <strong>D</strong> gathering taking place in 2003.</p>
<p>It&#8217;s been a real winning streak since then for <strong>D</strong>, due in large part to our great speakers&#8211;such as Microsoft (MSFT) icon Bill Gates and Apple (AAPL) legend Steve Jobs.</p>
<p><a href="http://kara.allthingsd.com/files/2009/05/d2007jpg.jpeg"><img src="http://kara.allthingsd.com/files/2009/05/d2007jpg-250x164.jpg" alt="d2007jpg" title="d2007jpg" width="250" height="164" class="alignleft size-medium wp-image-13083" /></a></p>
<p>Both have been onstage many times over the years, including a <a href="http://d5.allthingsd.com/20070531/video-steve-jobs-and-bill-gates-highlight-reel/">historic interview the pair of tech titans did together in 2007</a> at <strong>D5</strong>.</p>
<p>Other amazing speakers have included: Howard Stringer of Sony (SNE), Barry Diller of InterActiveCorp (IACI), legendary director George Lucas, Time Warner (TWX) CEO Jeff Bewkes, Jeff Bezos of Amazon (AMZN), former eBay (EBAY) CEO Meg Whitman, News Corp. (NWS) head Rupert Murdoch, Microsoft head Steve Ballmer, Walt Disney (DIS) honcho Bob Iger, Bobby Kotick of Activision Blizzard (ATVI), CBS (CBS) CEO Les Moonves, Democratic and Republican pols like former Vice President Al Gore and Sen. John McCain, all the leadership of Google (GOOG) and many, many more.</p>
<p>We have had a lot of great moments onstage with all these tech and media players over the years, to be sure, with interviews ranging from the funny to the sublime to the truly disastrous. </p>
<p>But, like the digital industry and the innovation our conference focuses on, we also like to lean forward to try to figure out what the Next Big Thing is around the corner, whether it comes from Silicon Valley or not.</p>
<p><a href="http://kara.allthingsd.com/files/2009/05/rocket-alarmjpg.jpeg"><img src="http://kara.allthingsd.com/files/2009/05/rocket-alarmjpg-250x280.jpg" alt="rocket-alarmjpg" title="rocket-alarmjpg" width="250" height="280" class="alignright size-medium wp-image-13086" /></a></p>
<p>That&#8217;s why we&#8217;re kicking off our conference on May 26 with two of the founders of Twitter&#8211;Biz Stone and Evan Williams&#8211;who are riding high on tech&#8217;s latest hot thing, which might turn out to be either a rocket ship or a shooting star.</p>
<p>They&#8217;ll be followed up over the next two days by a plethora of interesting players, from the leaders of several major mobile companies to content execs hit hard by fast-moving digital forces to a new Internet leader like Yahoo (YHOO) CEO Carol Bartz, who is trying to turn around one of the Web&#8217;s great icons from its more recent lackluster path.</p>
<p>And, as we always do, we will be featuring a spate of demos too, trying to see if we can unearth that next <em>next</em> thing.</p>
<p>In the past, the <strong>D</strong> stage has seen the debut of start-up products like Sling Media&#8217;s Slingbox, Aliph&#8217;s Jawbone and Pure Digital&#8217;s Flip, all of which have gone onto glory. And also some, like Palm&#8217;s Foleo, which did not.</p>
<p>While not everyone can attend <strong>D</strong>, our crack staff is committed to bringing all the action from this year&#8217;s conference to readers of the <strong>All Things Digital</strong> site via up-to-the-minute blogs, photos, videos, tweets, digs and more. We&#8217;ll also, as soon as we can, post the videos of each of the onstage sessions, in their entirety.</p>
<p>Until it all kicks off, here is the list of speakers, below, in alphabetical order, who will be appearing at 2009&#8217;s <strong>D7</strong> conference:</p>
<p><a href="http://d7.allthingsd.com/speakers/irving-azoff/"><strong>Irving Azoff</strong></a> | <em>CEO of Ticketmaster Entertainment</em> (TKTM)</p>
<p><a href="http://d7.allthingsd.com/speakers/mitchell-baker/"><strong>Mitchell Baker</strong></a> | <em>Chairman of Mozilla</em></p>
<p><a href="http://d7.allthingsd.com/speakers/steve-ballmer/"><strong>Steve Ballmer</strong></a> | <em>CEO of Microsoft</em></p>
<p><a href="http://d7.allthingsd.com/speakers/carol-bartz/"><strong>Carol Bartz</strong></a> | <em>CEO of Yahoo</em></p>
<p><a href="http://d7.allthingsd.com/speakers/mark-cuban/"><strong>Mark Cuban</strong></a> | <em>Chairman of HDNet and Owner of the Dallas Mavericks, Landmark Theaters and Magnolia Pictures</em></p>
<p><a href="http://d7.allthingsd.com/speakers/eve-ensler/"><strong>Eve Ensler</strong></a> | <em>Playwright and Founder of V-Day</em></p>
<p><a href="http://d7.allthingsd.com/speakers/arianna-huffington/"><strong>Arianna Huffington</strong></a> | <em>Editor-in-Chief of the Huffington Post</em></p>
<p><a href="http://d7.allthingsd.com/speakers/olli-pekka-kallasvuo/"><strong>Olli-Pekka Kallasvuo</strong></a> | <em>CEO of Nokia</em> (NOK)</p>
<p><a href="http://d7.allthingsd.com/speakers/mike-lazaridis/"><strong>Mike Lazaridis</strong></a> | <em>Co-CEO of Research In Motion</em> (RIMM)</p>
<p><a href="http://d7.allthingsd.com/speakers/john-lilly/"><strong>John Lilly</strong></a> | <em>CEO of Mozilla</em></p>
<p><a href="http://d7.allthingsd.com/speakers/john-malone/"><strong>John Malone</strong></a> | <em>Chairman of Liberty Media Corporation</em> (LCAPA)</p>
<p><a href="http://d7.allthingsd.com/speakers/roger-mcnamee/"><strong>Roger McNamee</strong></a> | <em>Partner, Elevation Partners</em></p>
<p><a href="http://d7.allthingsd.com/speakers/jon-miller/"><strong>Jon Miller</strong></a> | <em>Chief Digital Officer of News Corp.</em></p>
<p><a href="http://d7.allthingsd.com/speakers/jon-rubinstein/"><strong>Jon Rubinstein</strong></a> | <em>Executive Chairman, Palm</em> (PALM)</p>
<p><a href="http://d7.allthingsd.com/speakers/randall-stephenson/"><strong>Randall Stephenson</strong></a> | <em>CEO of AT&#038;T</em> (T)</p>
<p><a href="http://d7.allthingsd.com/speakers/biz-stone/"><strong>Biz Stone</strong></a> | <em>Co-founder of Twitter</em></p>
<p><a href="http://d7.allthingsd.com/speakers/owen-van-natta/"><strong>Owen Van Natta</strong></a> | <em>CEO of MySpace</em></p>
<p><a href="http://d7.allthingsd.com/speakers/katharine-weymouth/"><strong>Katharine Weymouth</strong></a> | <em>Publisher of the Washington Post</em> (WPO)</p>
<p><a href="http://d7.allthingsd.com/speakers/evan-williams/"><strong>Evan Williams</strong></a> | <em>Co-founder and CEO of Twitter</em></p>
<p><a href="http://d7.allthingsd.com/speakers/jeff-zucker/"><strong>Jeff Zucker</strong></a> | <em>CEO of NBC Universal</em> (GE)</p>
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		<item>
		<title>Kara Talks to Roger McNamee About the Palm Pre</title>
		<link>http://kara.allthingsd.com/20090112/kara-talks-to-roger-mcnamee-about-the-palm-pre/</link>
		<comments>http://kara.allthingsd.com/20090112/kara-talks-to-roger-mcnamee-about-the-palm-pre/#comments</comments>
		<pubDate>Mon, 12 Jan 2009 13:22:55 +0000</pubDate>
		<dc:creator>Kara Swisher</dc:creator>
				<category><![CDATA[Apple]]></category>
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		<category><![CDATA[Kara Swisher]]></category>
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		<category><![CDATA[Roger McNamee]]></category>
		<category><![CDATA[smartphone]]></category>

		<guid isPermaLink="false">http://kara.allthingsd.com/?p=8377</guid>
		<description><![CDATA[BoomTown did a video interview with Palm's sugar daddy investor Roger McNamee at the Consumer Electronics Show last week, after the debut of its Pre smartphone. 

Via Elevation Partners, McNamee has invested a total of $425 million in Palm, aimed at reviving the company that pioneered the smartphone market, but lost its step to competitors.

Thus, Palm and the private equity firm have banked a lot on its new product, so McNamee was out in full force at CES in Las Vegas, talking up the Pre.]]></description>
			<content:encoded><![CDATA[<p><img src="http://digitaldaily.allthingsd.com/files/2009/01/pre_03-150x150.png" alt="" title="pre_03" width="200" height="200" class="alignright size-thumbnail wp-image-11011" /></p>
<p>BoomTown did a video interview with Palm&#8217;s sugar daddy investor Roger McNamee at the Consumer Electronics Show last week, after the <a href="http://mediamemo.allthingsd.com/20090108/live-from-ces-palm-unveils-nova/">debut of its Pre</a> smartphone. </p>
<p>Via Elevation Partners, <a href="http://kara.allthingsd.com/20070608/roger-mcnamee-on-325-million-palm-investment/">McNamee has invested a total of $425 million in Palm</a>, aimed at reviving the company that pioneered the smartphone market.</p>
<p>But Palm soon saw its business gobbled up by the BlackBerry from Research in Motion (RIMM) and the iPhone from Apple (AAPL). And, of course, there is the G1 phone from Google (GOOG) too, along with competition from Nokia (NOK) and many others.</p>
<p>And Palm is following the <a href="http://d5.allthingsd.com/20070530/palm-foleo/">less-than-stellar last launch of the Foleo</a> in 2007.</p>
<p>Thus, the company and the private equity firm have banked a lot on this revival, so McNamee was out in full force at CES in Las Vegas, talking up the Pre. </p>
<p>The Pre launch was indeed the highlight of the show, and also gave <a href="http://digitaldaily.allthingsd.com/20090109/pre-historic/">Palm&#8217;s moribund stock a boost</a>.</p>
<p>And, indeed, the Pre does look pretty cool, with a sleek design and a new operating system, although the real proof will be when it debuts to consumers later this year.</p>
<p>In any case, here is the always hopped-up McNamee giving it his best for the Pre:</p>
<div class="video-wsj"><embed src="http://s.wsj.net/media/swf/microPlayer.swf" bgcolor="#FFFFFF" flashVars="videoGUID={6813964001}&playerid=4001&plyMediaEnabled=1&configURL=http://wsj.vo.llnwd.net/o28/players/&autoStart=false" base="http://s.wsj.net/media/swf/" name="microflashPlayer" width="320" height="240" seamlesstabbing="false" type="application/x-shockwave-flash" swLiveConnect="true" pluginspage="http://www.macromedia.com/shockwave/download/index.cgi?P1_Prod_Version=ShockwaveFlash"></embed><br />[ See post to watch video ]</div>
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		<title>Palm Goes Down Market</title>
		<link>http://kara.allthingsd.com/20070928/palm-goes-down-market/</link>
		<comments>http://kara.allthingsd.com/20070928/palm-goes-down-market/#comments</comments>
		<pubDate>Fri, 28 Sep 2007 07:39:21 +0000</pubDate>
		<dc:creator>Kara Swisher</dc:creator>
				<category><![CDATA[BoomTown]]></category>
		<category><![CDATA[Internet]]></category>
		<category><![CDATA[Kara Swisher]]></category>
		<category><![CDATA[digital]]></category>
		<category><![CDATA[cellphone]]></category>
		<category><![CDATA[Ed Colligan]]></category>
		<category><![CDATA[Foleo]]></category>
		<category><![CDATA[iPhone]]></category>
		<category><![CDATA[Jeff Hawkins]]></category>
		<category><![CDATA[MarketWatch]]></category>
		<category><![CDATA[Palm]]></category>
		<category><![CDATA[Paul Lin]]></category>

		<guid isPermaLink="false">http://kara.allthingsd.com/20070928/palm-goes-down-market/</guid>
		<description><![CDATA[MarketWatch&#8217;s Paul Lin talks to Palm CEO Ed Colligan about its new $99 Centro smart phone, unveiled yesterday. 
I&#8217;m going to use my $100 rebate I get from the I-had-to-have-it-before-my-brother iPhone to get one! And I&#8217;ll even have a dollar left over for a refreshing can of soda.
Watch Colligan explain here:

Hopefully, the Centro will do [...]]]></description>
			<content:encoded><![CDATA[<p>MarketWatch&#8217;s Paul Lin talks to Palm CEO Ed Colligan about its new $99 Centro smart phone, unveiled yesterday. </p>
<p>I&#8217;m going to use my $100 rebate I get from the I-had-to-have-it-before-my-brother iPhone to get one! And I&#8217;ll even have a dollar left over for a refreshing can of soda.</p>
<p>Watch Colligan explain here:</p>
<p><embed src="http://services.brightcove.com/services/viewer/federated_f8/452319854" bgcolor="#FFFFFF" flashVars="videoId=1213938749&#038;playerId=452319854&#038;viewerSecureGatewayURL=https://services.brightcove.com/services/amfgateway&#038;servicesURL=http://services.brightcove.com/services&#038;cdnURL=http://admin.brightcove.com&#038;domain=embed&#038;autoStart=false&#038;" base="http://admin.brightcove.com" name="flashObj" width="380" height="318" seamlesstabbing="false" type="application/x-shockwave-flash" swLiveConnect="true" pluginspage="http://www.macromedia.com/shockwave/download/index.cgi?P1_Prod_Version=ShockwaveFlash"></embed></p>
<p>Hopefully, the Centro will do a little better than <a href="http://d5.allthingsd.com/20070530/palm-foleo/">Palm&#8217;s Foleo</a>, which was demoed at our <a href="http://d5.allthingsd.com"><strong>D5</strong></a> and <a href="http://kara.allthingsd.com/20070905/palm-foleo-the-entire-d5-demo-with-walt-mossberg-and-kara-swisher/">was dumped before the launch</a>. </p>
<p>And, as an added bonus, here is that Foleo demo video by Jeff Hawkins:</p>
<div class="video-wsj"><embed src="http://s.wsj.net/media/swf/microPlayer.swf" bgcolor="#FFFFFF" flashVars="videoGUID={1111461670}&playerid=4001&plyMediaEnabled=1&configURL=http://wsj.vo.llnwd.net/o28/players/&autoStart=false" base="http://s.wsj.net/media/swf/" name="microflashPlayer" width="320" height="240" seamlesstabbing="false" type="application/x-shockwave-flash" swLiveConnect="true" pluginspage="http://www.macromedia.com/shockwave/download/index.cgi?P1_Prod_Version=ShockwaveFlash"></embed><br />[ See post to watch video ]</div>
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		<title>Palm Foleo: The Entire D5 Demo With Walt Mossberg and Kara Swisher</title>
		<link>http://kara.allthingsd.com/20070905/palm-foleo-the-entire-d5-demo-with-walt-mossberg-and-kara-swisher/</link>
		<comments>http://kara.allthingsd.com/20070905/palm-foleo-the-entire-d5-demo-with-walt-mossberg-and-kara-swisher/#comments</comments>
		<pubDate>Wed, 05 Sep 2007 08:27:14 +0000</pubDate>
		<dc:creator>Kara Swisher</dc:creator>
				<category><![CDATA[BoomTown]]></category>
		<category><![CDATA[D5]]></category>
		<category><![CDATA[D: All Things Digital]]></category>
		<category><![CDATA[Internet]]></category>
		<category><![CDATA[Kara Swisher]]></category>
		<category><![CDATA[Walt Mossberg]]></category>
		<category><![CDATA[digital]]></category>
		<category><![CDATA[Foleo]]></category>
		<category><![CDATA[Jeff Hawkins]]></category>
		<category><![CDATA[Palm]]></category>

		<guid isPermaLink="false">http://kara.allthingsd.com/20070905/palm-foleo-the-entire-d5-demo-with-walt-mossberg-and-kara-swisher/</guid>
		<description><![CDATA[Well, this video of the launch and demo of Palm&#8217;s Foleo should be a collector&#8217;s item, given that the company decided to junk the much-hyped &#8220;mobile companion&#8221;, created by Palm&#8217;s legendary inventor Jeff Hawkins, just yesterday.

Hawkins showed off the device, pictured here, which was supposed to go on sale this summer for $499, at D5 [...]]]></description>
			<content:encoded><![CDATA[<p>Well, this video of the <a href="http://d5.allthingsd.com/category/foleo/">launch and demo of Palm&#8217;s Foleo</a> should be a collector&#8217;s item, given that the <a href="http://digitaldaily.allthingsd.com/20070904/foleo-rip/">company decided to junk the much-hyped &#8220;mobile companion&#8221;</a>, created by Palm&#8217;s legendary inventor Jeff Hawkins, just yesterday.</p>
<p><a href='http://d5.allthingsd.com/files/2007/05/foleo2_lg.jpg' title='Palm Foleo'><img src='http://d5.allthingsd.com/files/2007/05/foleo2_sm.jpg' alt='foleo2_sm.jpg' class='centered'  /></a></p>
<p>Hawkins showed off the device, pictured here, which was supposed to go on sale this summer for $499, at <a href="http://d5.allthingsd.com"><strong>D5</strong></a> for the first time. It was greeted with less than enthusiastic acclaim by the elite tech crowd. The problem: Too large and heavy for so few features.</p>
<p>You be the judge after you see the video, but our own live blogger John Paczkowski even suggested at the time that it might get the unfortunate moniker &#8220;Fooleo.&#8221; </p>
<p>Given that Palm will be taking a $10 million charge for Foleo&#8217;s cancellation, that prediction looks pretty accurate now. </p>
<p>By way of background, <a href="http://allthingsd.com/d"><strong>D: All Things Digital</strong></a>, the annual tech and media conference <a href="http://walt.allthingsd.com">Walt Mossberg</a> and I host, has been sold out with a long wait list every year we have put it on.</p>
<p>That has meant only a few hundred people can see the interviews and also demos we do live onstage with some of the tech and media industry&#8217;s most interesting and important players and products.</p>
<p>The lineups have included Microsoft&#8217;s Bill Gates and Apple&#8217;s Steve Jobs, as well as Eric Schmidt of Google, IAC&#8217;s Barry Diller, Meg Whitman of eBay, Cisco&#8217;s John Chambers and many others.</p>
<p>And we&#8217;ve demoed stuff like the Treo when it first came out, as well as digital toilets, Wi-Fi phones and much more.</p>
<p>We usually post the photos and videos of the interviews and demos six or more months after they take place on a separate conference site. This year, our <a href="http://digitaldaily.allthingsd.com">Digital Daily&#8217;s John Paczkowski</a> liveblogged  and also posted video highlights from all of the sessions immediately on our newly launched site here.</p>
<p>Now, we are posting videos of <a href="http://allthingsd.com/d/gallery/d5/">every session of the 2007 conference here</a>, in full, and we have made <a href="http://d.smugmug.com/D5:%20May%202007">all our photo galleries</a>, hosted by SmugMug and mostly shot by our fabulous Asa Mathat, public too. You can also access our videos via the <a href="http://video.allthingsd.com/d5/">site&#8217;s master player here</a>.</p>
<p>Every day, I am going to highlight a different interview or demo from the conference.</p>
<p>Here&#8217;s the Foleo, R.I.P.:</p>
<div class="video-wsj"><embed src="http://s.wsj.net/media/swf/microPlayer.swf" bgcolor="#FFFFFF" flashVars="videoGUID={1111461670}&playerid=4001&plyMediaEnabled=1&configURL=http://wsj.vo.llnwd.net/o28/players/&autoStart=false" base="http://s.wsj.net/media/swf/" name="microflashPlayer" width="320" height="240" seamlesstabbing="false" type="application/x-shockwave-flash" swLiveConnect="true" pluginspage="http://www.macromedia.com/shockwave/download/index.cgi?P1_Prod_Version=ShockwaveFlash"></embed><br />[ See post to watch video ]</div>
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		<title>Roger McNamee on $325 Million Palm Investment</title>
		<link>http://kara.allthingsd.com/20070608/roger-mcnamee-on-325-million-palm-investment/</link>
		<comments>http://kara.allthingsd.com/20070608/roger-mcnamee-on-325-million-palm-investment/#comments</comments>
		<pubDate>Fri, 08 Jun 2007 12:27:05 +0000</pubDate>
		<dc:creator>Kara Swisher</dc:creator>
				<category><![CDATA[Apple]]></category>
		<category><![CDATA[BoomTown]]></category>
		<category><![CDATA[Internet]]></category>
		<category><![CDATA[Kara Swisher]]></category>
		<category><![CDATA[digital]]></category>
		<category><![CDATA[mobile]]></category>
		<category><![CDATA[BlackBerry]]></category>
		<category><![CDATA[Bono]]></category>
		<category><![CDATA[D]]></category>
		<category><![CDATA[Foleo]]></category>
		<category><![CDATA[Fred Anderson]]></category>
		<category><![CDATA[iPhone]]></category>
		<category><![CDATA[Jon Rubinstein]]></category>
		<category><![CDATA[Motorola]]></category>
		<category><![CDATA[Palm]]></category>
		<category><![CDATA[Treo]]></category>

		<guid isPermaLink="false">http://kara.allthingsd.com/20070608/roger-mcnamee-on-325-million-palm-investment/</guid>
		<description><![CDATA[Roger McNamee is very bullish on the iPhone. &#8220;It&#8217;s the most exciting thing in years,&#8221; said the longtime Silicon Valley investor. &#8220;With Apple&#8217;s identity, I think it will be spectacularly successful.&#8221;

This, of course, is an interesting product for McNamee to cheer for. Because last week, Elevation Partners, the high-profile private-equity firm that counts McNamee and [...]]]></description>
			<content:encoded><![CDATA[<p><img src='http://kara.allthingsd.com/files/2007/06/images4.jpeg' alt='mcnamee' /></p>
<p>Roger McNamee is very bullish on the iPhone. &#8220;It&#8217;s the most exciting thing in years,&#8221; said the longtime Silicon Valley investor. &#8220;With Apple&#8217;s identity, I think it will be spectacularly successful.&#8221;</p>
<p><img src='http://kara.allthingsd.com/files/2007/06/images-13.jpeg' alt='treo' class='alignleft'/></p>
<p>This, of course, is an interesting product for McNamee to cheer for. Because last week, Elevation Partners, the high-profile private-equity firm that counts McNamee and also U2 singer Bono among its partners, sunk $325 million of its $1.9 billion fund to buy one-quarter of Palm. The maker of the Treo smart phone, of course, could take a big hit if the iPhone lives up to its hype and dominates the market for high-end, heavily featured mobile devices.</p>
<p><img src='http://kara.allthingsd.com/files/2007/06/images-31.jpeg' alt='iphone2' /></p>
<p>Still, McNamee, whom I interviewed <a href="http://kara.allthingsd.com/20070522/kara-visits-elevation-partners-roger-mcnamee-with-no-bono/">here</a> a few weeks ago, keeps reeling off a bunch of non-Palm smart phones he loves&#8211;he tries all of them and often wears several in high-tech style (not!) on his belt.</p>
<p>&#8220;I loved the BlackBerry Pearl, and Motorola and Samsung have done some cool stuff and I liked a lot of the features on Helio&#8217;s new Ocean,&#8221; he said. &#8220;And that iPhone will probably be a huge hit does not bother me at all, because this is not a zero-sum game.&#8221;</p>
<p><span id="more-209"></span></p>
<p>McNamee&#8217;s theory is simple&#8211;although only a small percentage of all phones sold are smart phones, he expects that to eventually be 100%, because, he posits, &#8220;in the end, what matters is what you carry on your body.&#8221;</p>
<p>So, even if Palm, which is a small player compared to competitors like Nokia and BlackBerry-maker Research in Motion, comes in third or fourth, that, said McNamee, is &#8220;not so bad.&#8221;</p>
<p>Not that he expects that kind of also-run status for Elevation&#8217;s investment. So to help buoy Palm, along with the big pile of cash, he will also join the board and has brought in two former Apple executives, too&#8211;former CFO Fred Anderson and former hardware head (think iPod) Jon Rubinstein.</p>
<p>Anderson is also a partner at Elevation and Rubinstein will serve as executive chairman and also run product development at Palm.</p>
<p>&#8220;We offer committed value insight and want to be a partner to management and shareholders, but, most of all, we want to help foster a culture of radical innovation,&#8221; said McNamee. &#8220;I am a huge believer that you have to be able to experiment to be able to innovate and you even need permission to do so.&#8221;</p>
<p>The $325 million buys a lot of permission, of course, and was, said McNamee, an unexpected opportunity. The <a href="http://digitaldaily.allthingsd.com/20070604/elevation-palm/">deal</a> was hatched about seven months ago, when McNamee was called by Palm CEO Ed Colligan, who was seeking good advice about Palm&#8217;s options.</p>
<p>While McNamee admits he was not a regular user of Palm products, although he did try them out, he was impressed by Palm&#8217;s years of large accomplishments compared to its size. </p>
<p>Nonetheless, the company has been under a lot of pressure to perform better and also do something to lift its lagging stock price. With a huge hoard of cash and even the possibility of being sold to a bigger player, Palm was receptive when McNamee proposed a different tack.</p>
<p>Under terms of the new restructuring deal, still to be approved, Palm&#8217;s existing shareholders will get almost $1 billion in cash (the money from Elevation, some new debt and cash from Palm&#8217;s kitty) to drop their stake to 75%. </p>
<p>What McNamee said he is buying is a company great at both software and also hardware, which he thinks need to become even more tightly integrated to make products seamless.</p>
<p>&#8220;All the really successful products are like that, because someone has to take responsibility for the whole thing,&#8221; said McNamee. &#8220;And product change has to be the rule rather than the exception&#8230; with the goal, of course, to have an incredible device everyone wants to own.&#8221;</p>
<p>That might be the goal, but Palm&#8217;s latest device, unveiled at <strong>D5</strong> last week by Palm&#8217;s co-founder and top product guru Jeff Hawkins, called the <a href="http://d5.allthingsd.com/20070530/palm-foleo/">Foleo</a>, was not well received.</p>
<p>The &#8220;phone companion&#8221;&#8211;which sounded naughty to me when I heard it described thus&#8211;was thought by many I spoke with to be too large and not feature-rich enough to be useful.</p>
<p>McNamee understands this, but said Foleo was only a starting point. &#8220;It is a good thing for a company to try new form factors, and Foleo is an excellent first step,&#8221; he said, even though he admitted the device probably does not represent a very big market.</p>
<p>But he liked the effort involved in its conception.</p>
<p>&#8220;Innovation is not a matter of always hitting a bulls-eye on the first shot,&#8221; he said. &#8220;So I hope we&#8217;re there to help Palm be able to keep trying.&#8221; </p>
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