Bono and investors take on iPhone with new Palm Pre

IF you haven’t found the mobile you’re looking for, a new smart phone that claims to outsmart even Apple’s iPhone is being launched this weekend in the US.

Investors in the firm that developed it, among them our own U2 frontman Bono, have already made millions of dollars from the touch-screen Palm Pre as industry reviewers have been awestruck by its power, elegant design and ease of use.

In a remarkable achievement, Palm, a company that was considered a has-been, has come up with a phone operating system that many herald as more powerful, elegant and user-friendly than anything that has gone before.