News & Observer | newsobserver.com | A first look at the G-Phone

Published: Sep 23, 2008 12:30 AM
Modified: Sep 23, 2008 02:23 AM

A first look at the G-Phone

 

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T-Mobile will introduce the first wireless phone powered by Google Inc.'s much-anticipated Android software system. The handset isn't expected to be in stores until next month, but Canaccord Adams analyst Colin Gillis says the "G-phone" will likely cost $199 with a two-year contract.

Meanwhile, design software maker Adobe Systems is expected to launch Creative Suite 4, a package that includes the popular Photoshop program as well as others.

Robert W. Baird & Co. analyst Steven M. Ashley reiterated his "buy" rating on the shares ahead of the launch, and he says he'll be listening for comments on pricing plans as well as new products that might be part of the package.

HERE COME THE REGULATORS

Treasury secretary Henry M. Paulson Jr.; Ben Bernanke, the chairman of the Federal Reserve; and Christopher Cox, the chairman of the Securities and Exchange Commission, are expected to testify before the Senate Banking Committee at 10 a.m. The conversation is supposed to focus on the government's takeover of Fannie Mae and Freddie Mac.

Other Senate committees are meeting for hearings on the high diesel fuel prices, food marketing to children, health coverage for the uninsured and the transition to digital TV.

A LOSS FOR LENNAR, BUT NOT A BIG ONE

Homebuilder Lennar, along with its competitors, has rebounded lately as investors have grown optimistic about a housing recovery after the government's takeover of Fannie Mae and Freddie Mac.

But the industry is struggling with writedowns for unwanted inventory, weak sales and a tough mortgage climate. Lennar is expected to report a smaller quarterly loss.

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