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No. 3 - Revolution Or Recyclable?

Gadget geeks found themselves in paradise Wednesday as both Microsoft (MSFT) and Palm (PALM) unveiled new digital devices.

Microsoft's contribution to the digital revolution: "Surface", a table-shaped computer with a touch-screen aimed - for now - at places like hotels and casinos.

Meanwhile, shares of Palm rose after the company introduced the "Foleo," a small portable computer intended as a companion of sorts for smart phones.

But Microsoft's hardware history is littered with failures. Case in point: its music player, Zune, has barely made a dent in a market saturated with Apple's (AAPL) iPods.

Tech Revolution?

And Palm has been hammered by competitor Research In Motion (RIMM), whose BlackBerry has lifted shares to a 150% gain over the past year. Palm, in contrast, is down 1% over the same period.

Will these devices revolutionize these downtrodden tech giants?

Jeff Macke says it seems the tech companies are obsessed with the technology in “Minority Report” and bringing that Tom Cruise movie to life. He adds Microsoft’s table top computer is ‘not’ that.  He says these are baby steps toward a digital utopia.

CNBC Silicon Valley Bureau Chief Jim Goldman joins the guys for this conversation.

Jim says it’s interesting to see how much these two companies are swinging against the grain. Both devices are somewhat large in an industry that likes to make things smaller and smaller. Jim concludes these two products are going after markets that aren’t quite there yet.

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Trader disclosure: On May 30, 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders:
Najarian Owns (AAPL), (BIIB), (CBH); Bolling Owns (ICE), (NMX), Gold, Silver, Natural Gas, Coffee, Sugar; Bolling Is Short (FXI) And Is Long (FXI) Puts Coronat Capital Management Owns (GSOL)