WebProNews

Usually Gphone rumors come out of some publication you've never heard of in India or Taiwan and are told with questionable, if not outright broken English.

The most recent one though comes from CNNMoney, and is backed up by furious Wall Street speculation that Google is very near to entering the mobile market.

What else are they going to do with all that spectrum they plan on buying? Well, I suppose wireless broadband is also a possibility. It'll go well with all that dark fiber they own. (And you wonder why Verizon and AT&T don't like Google much?)

CNNMoney doubles down on a rumor that Taiwanese handset maker HTC will ship 50,000 phones by the end of this year. Don't get your hopes up though, unless you're a developer.

An analyst familiar with the matter says the first batch will be for developers only to work the bugs out of the smartphone's operating system.

Assumedly, Google will reveal more at an October 24th event for analysts. Until then, we raise the Gphone threat level to yellow.