If Palm (NASDAQ: PALM) wants to make a dent in the smartphone market (seemingly dominated by Apple [NASDAQ: AAPL], thanks to the iPhone), it needs its entry into the smartphone world -- the Pre -- to perform well. Roger McNamee, a Palm investor, believes that the Pre will make the iPhone history. With the first batch of iPhone contracts set to expire in June, Palm is targeting a same-month release for its smartphone. McNamee believes that on the "two-year anniversary of the first shipment of the iPhone ... not one of those people will still be using an iPhone a month later." McNamee contends that this scenario will come to fruition because the Pre will be "the coolest product on the market."

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