"Although Google itself refuses to budge from the official company line of confirming or denying nothing, it looks increasingly likely that a Googlephone is in the offing. Several sources are now claiming that prototype phone devices have been touted around the US mobile carriers in recent weeks (ironically you need just go Google to reveal the details) and the Wall Street Journal has reported that hundreds of millions of investment dollars have been poured into the project.
"Amongst the more interesting developments to break recently has been speculation that Google might be contemplating becoming a mobile operator itself, fueled by insider gossip suggesting it is considering a bid for radio spectrum space..."
