CNN – Lehman analyst Doug Anmuth says the Google phone will be a “low-priced, simple form factor handset with an operating system specifically designed for Internet applications.”

Anmuth, in a research report, said that a Gphone prototype has been developed and that Taiwan’s HTC Corp. is the phone’s likely manufacturer.

Just hours after Lehman Brothers issued a report Tuesday stating that the so-called Gphone “could launch as early as February 2008,” Google announced it purchased Jaiku, a Helsinki-based company that develops blogging software for the mobile phone. Link.

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