theodp writes "Microsoft apparently could have been a contender in the smartphone market, instead of what WP7 is today. Former Microsoft CTO Nathan Myhrvold says he tried to convince Microsoft to make an iPhone-like device more than two decades ago. 'The cost will not be very high,' Myhrvold wrote in 1991. 'It is pretty easy to imagine a $400 to $1,000 retail price.' So is Myhrvold bitter that cost-conscious and risk averse Microsoft opted not to pursue his vision? Nope. 'Hey, it was better than predicting the wrong thing,' Myhrvold explains."