The company made famous with Palm Pilot has seen better days. Elevation Partners, Bono's private equity company is putting 5 million cash infusion into the company just prior to them release of their latest mobile computing model device? But with Apple iPone coming out at the end of the month (June 2007) and AT&T announcing its new HBO capable video phone, one has to wonder if it will work.
Why is Bono doing this? Well one speculation is that Bono wants to have armies of people able to mobilize fast in SmartMobs. One person we interviewed said; "Bono wants to be able to disrupt events like the G-8 Summits and World Bank meetings." If Palm has devices for mobile computing and works with companies like Google then they will have incredible mobs able to create anarchy whenever they want?
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Is Singer Bono saving Palm or is he gathering more troops to disrupt our society and civilization and turn the World into a Socialist Community using mobile computing as his tool? Of course the story is that Elevation Partners is pumping in money in order to take advantage of the Foleo Sales and out do Apple iPhone and beat AT&T or Verizon to the punch? Will it work?
That is a lot of cash; 5 million. Will it be enough to over take the market and will the other companies come up to the plate. This may cause other companies to back-off as if the competition is too great there will be less money for any one company, making the ROI unlikely. Any advertiser worth their salt will indeed go get some of this money as they blow through it.
It does appear that there is a bit of high-roller bluffing and intimidation going on here and most people realize that Bono is a lot of talk, even if the words flow together like wine and song.
Singer Bono Private Equity Firm Saves Palm
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