[Microsoft exec tells IDG the software for a low-cost GSM/GPRS smartphone code-name Peabody set to run Windows Mobile 5 is complete. Flextronics International is designing the hardware.]

By Dan Nystedt, Taipei -- "A low-cost smart phone from Microsoft code-named Peabody is nearing completion and will run on the recently released Windows Mobile 5 operating system, an executive from the software giant said Tuesday."

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