U2 Still Supports Palm Over RIM

Most of you have probably already read of U2’s sponsorship by RIM, which is perfectly fine. That being said, you do have to feel for RIM a bit when the news breaks that Palm’s largest investor, Elevation Partners, grabbed another 2.2 million shares of palm for a total of $35 million, and in total owns about 42% of the company. That doesn’t sound like a big deal, until you notice that Elevation Partners’ managing director and co-founder is Paul David Hewson, whom you probably know better as Bono. Nothing scandalous to be honest, but still, you have to admit it probably feels a bit like being kicked between the teeth.