Ultimately, a China-domestic smart phone operating system (with Chinese-made apps) plus a domestic mobile search engine will be the best strategic 3G smart phone combination for MII.

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From a value perspective, Google is very appealing right now given its success in monetizing search and YouTube, as well as its fast-growing market share in the smart phone space with its Android operating system.

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Nokia this morning also announced that it has reached a definitive agreement with Microsoft (MSFT) in its deal to begin shifting its smart phones over to the Windows Phone 7 operating system and away from Symbian.

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Google developed the Android operating system, Microsoft developed smart phone software, and Blackberry improved their Internet capabilities.

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Google is now getting into the smart phone device-making business, already possessing the Android operating system.

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Hewlett-Packard is said to have killed the Slate, which was to be based on Microsoft's Windows, and is now reportedly working on a tablet using an operating system from Palm, the smart-phone maker that HP recently bought.

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The company previously announced a plan to adopt Microsoft Windows Phone 7 as the primary operating system for future smart phones.

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The South Korean company has rushed to remedy that with its own smart-phone platform, Bada, and by producing mobile phones that use Google's low-cost Android operating system.

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