With Google (GOOG) phone announcement Monday, shares may run again

Posted Nov 4th 2007 6:37AM by Douglas McIntyre
Filed under: Deals, Launches, Industry, Consumer Experience, Competitive Strategy, Google (GOOG), AT and T (T), Sprint Nextel Corp (S)

Fortune is reporting that Google (NASDAQ: GOOG) will announce the launch of its mobile phone on Monday. "A source close to T-Mobile (NYSE: DT) and Sprint (NYSE: S) confirmed to Fortune that the companies are likely to be the first U.S. mobile operators to carry Google-powered cell phones."

If the news does come out at the start of the trading week, watch for another run in Google shares and a possible bounce in Sprint.

Word is that the Google mobile operating systems will include its search, map, Gmail, and YouTube products. It will also be open to developers who want to add new applications to handsets powered by the search company. If the phone uses the Sprint network, Google would have access to a customer base of over 50 million subscribers.

For Sprint, the troubled No. 3 cellular provider in the U.S., it may give the company a leg up on larger competitors Verizon Wireless (NYSE: VZ) and AT&T (NYSE: T).

The improvements in the share prices of the two companies may be short-lived, but Wall Street loves a big story.

Douglas A. McIntyre is an editor at 247wallst.com.

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