The Wall Street Journal is running a story that Google is in advanced talks with wireless carriers Sprint and Verizon to forge a deal to get its long rumored Google-powered phone software onto devices before the end of 2008. Google stock, already abnormally swollen from years of market strength, jumped over US$700 per share on the news and settled down to over US$600. Google would provider mobile makers the software to run on handsets which would then be sold to users of the lucky network provider. The Gphone is thought to be the one handset which could successfully battle Apple’s iPhone.

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