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My Profile Top News Reuters top ten news stories delivered to your inbox each day. 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The new high-end phone, considered a pivotal product for both Palm and Sprint Nextel, has been greeted by rave reviews. Lines were far shorter than those that snaked around Apple stores for its first hugely popular iPhone two years ago, but many consumers said they were eager for the new product. "I wanted their iPhone killer. I've been anticipating this for a while," said Peter Lewis, who bought phones for himself and his wife at a Sprint store in Chicago, where some 45 people were in line when the doors opened at 8 a.m. "This is my birthday present to myself," said Wilma Rivera, 36, a heating technician who brought her 17-month-old daughter to Sprint's flagship store in Manhattan. Rivera, a long-time Palm user, said while she had been tempted by iPhone, sold only by AT&T Inc in the United States, she "never wanted to leave Sprint." Sprint, the No. 3 U.S. mobile telephone service, is depending on Pre to help stem defections and win back subscribers from rivals such as AT&T and Verizon Wireless, a venture of Verizon Communications and Vodafone Group Plc. Sprint spokeswoman Jennifer Walsh Keifer said late on Saturday that Sprint had sold out of Pre phones at a number of different locations around the country and that the company was doing its best to restock stores. Pre is hitting the shelves just before Apple is widely expected to announce a new iPhone on June 8. PRICE AND KEYBOARD The Pre costs $199.99, after a $100 rebate, for customers who sign a two-year service contract. It is priced in line with the $199 smaller-capacity iPhone. Pre's monthly service fees start at $69.99, including unlimited text messaging, lower than the cost of iPhone service plans with similar features. "It's always nice to see a bunch of people waiting for a product you worked on," Palm Executive Chairman Jon Rubinstein, a former Apple executive who helped create the iPod, said at a Sprint store in San Francisco's financial district, where more than a dozen people lined up to purchase a Pre. He said the opportunity for smartphones was big enough to sustain a market for three to five successful vendors. "For us, the opportunity is not to take customers away from RIM or Apple," Rubinstein said, but rather to entice users of lower-level cell phones to upgrade to a more powerful smartphone. Some who waited in line on Saturday were clearly more technologically savvy. Continued... View article on single page Share: Del.icio.us Digg Mixx Yahoo! Facebook LinkedIn Next Article: Jobs may spark move in Apple shares on Monday Also on Reuters Recovery timing and jobs key for 2010 U.S. vote Fans gather for launch of "iPhone killer" Palm Pre For U.S. auto sales, a long hangover awaits More Technology News Jobs may spark move in Apple shares on Monday In downturns, Internet companies look to sell start-ups Suspense builds ahead of Apple extravaganza | Video Palm Pre gets thumbs up in media reviews | Video Nintendo rejected rivals' technology choice: report More Technology News... Video Palm Pre vs. iPhone Play Video More Video... Editor's Choice Slideshow A selection of our best photos from the past 24 hours. Slideshow Most Popular on Reuters Articles Video Bodies, debris retrieved from Air France crash | Video Carradine mystery deepens, family seeks FBI help UPDATE 3-Fans gather for launch of 'iPhone killer' Palm Pre Canadians angered over "Buy American" rule Fans gather for launch of 'iPhone killer' Palm Pre | Video Carradine mystery deepens, family seeks FBI help Ex-U.S. State official, wife face Cuba spy charges Fidel Castro calls U.S. spy case ridiculous Obama speech to Muslims "deceptive," Taliban says | Video Investors ask Supreme Court to delay Chrysler sale Most Popular Articles RSS Feed Video Mummies found in Peru Obama raps Ahmadinejad Uninsured in America Peru baby's big tumour op IATA: Air France crash "tragedy" British navy sinks pirate boat Palm Pre vs. iPhone No gas for this air-powered car Obama remembers Holocaust victims Berlusconi blasts nude party pics Most Popular Videos RSS Feed We want to hear from you Join the Reuters Consumer Insight Panel and help us get to know you better Please take a moment to complete our survey Reuters.com: Help and Contact Us | Advertise With Us | Mobile | Newsletters | RSS | Labs | Archive | Site Index | Video Index Thomson Reuters Corporate: Copyright | Disclaimer | Privacy | Professional Products | Professional Products Support | About Thomson Reuters | Careers International Editions: Africa | Arabic | Argentina | Brazil | Canada | China | France | Germany | India | Italy | Japan | Latin America | Mexico | Russia | Spain | United Kingdom | United States Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. 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