Roger McNamee, one of the founders of Elevation Partners is a neat guy. Spent many years running money for T Rowe Price, and later ran private equity in a variety of situations. Elevation is one firm which he founded in 2004, with rock legend Bono of the band U2, and a host of other big money types. Anyway, he was applauding Apple Inc today and was sounding very bullish about the iPhone in an interview on CNBC today. However, his firm took a 25% stake in Palm yesterday and he suggests the smart phone category will continue to expand and owning the brains behind the hardware will prove to be profitable. One of Apple's top lieutenants is joining the board of Palm as well. This stock is one to watch over the next few years.
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