Sprint CEO: Calls Palm Pre Launch Smooth
July 29 2009 - 9:20AM
Dow Jones News
Sprint Nextel Corp. (S) Chief Executive Dan Hesse called the
launch of the Palm Inc. (PALM) Pre the smoothest and best executed
in the company's history despite supply shortages that left some
customers waiting for the device.
The Overland Park, Kan., carrier launched the Pre June 6.
Because of supply issues, the company focused on stocking its own
Sprint stores at the expense of third-party retailers such as Best
Buy Co. Inc. (BBY).
As a result, Pre purchases were mostly by existing subscribers.
Sprint is expanding the supply into other distribution outlets,
which should attract new consumers, Hesse told analysts during a
conference call Wednesday.
Hesse, however, demurred from giving expectations on how well it
would attract new customers. He did note that the Pre launch helped
mitigate the impact of the launch of the new Apple Inc. (AAPL)
iPhone by AT&T Inc. (T).
-By Roger Cheng, Dow Jones Newswires; 212-416-2153;
roger.cheng@dowjones.com