Ed Colligan, Palm CEO, asked about the prospects of an Apple phone in November of 2006 (two months before the iPhone unveiling):

“We’ve learned and struggled for a few years here figuring out how to make a decent phone,” he said. “PC guys are not going to just figure this out. They’re not going to just walk in.’”

‘We’ve struggled for years’ may not be the best phrase to convince people that you’re going to stay the market leader.

[side note: 'struggle' has now joined 'acquitted' on my list of words that probably shouldn't make their way on to your resume]