Remember Palm — the California company that launched the PDA craze back in the ’90s with their must-have PalmPilots. While they may have created the market, Palm has lately been a perennial third-placer behind the Blackberry and Iphone. Now the struggling firm — which lost $80M last quarter — is fighting back, most noticeably with the the techno-sexy new Palm Pre (above), which debuts soon. Like the competitors, the Pre includes a glassy touch screen, though the firm has opted for a pull-out key board. Early consumer response is positive, though the real props are coming from Wall Street, where Palm stock surged more than 80 percent following the Pre’s debut. Good news for Bono — yes Bono! His investment firm Elevation Partners owns 40 percent of Palm.
Let us know what you think.