Word: phone
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...When Madoff's Ponzi scheme finally collapsed in 2008, an SEC Enforcement attorney testified that it took only 'a few days' and 'a phone call to DTC' to confirm that Madoff had not placed any trades with his investors' funds," the report said...
Though he already began dialysis two and a half years ago, he made phone calls on behalf of Democrats for the last five years of his life—including for Obama’s general election campaign...
...coming to China. Apple Inc.'s iconic mobile device is manufactured here, and an estimated 2 million have already been sold on the gray market on the mainland. But a deal announced on Aug. 28 by China Unicom, the country's second largest mobile service provider, will make the phone available to hundreds of millions of mainland consumers, opening a huge new market to Apple. China now has nearly 700 million mobile phones in use, almost as many as the next two largest mobile-phone nations - India and the U.S. - combined. "Apple needs a good international success story to keep...
...course, it will be a long time before the iPhone is commonplace in China. The typical phone here is a $100 Nokia. China Unicom hasn't named its price for the iPhone 3G and 3GS models that it plans to bring to the market this fall, but with a gray-market 3G iPhone now going for about $575 in China, the device will be far beyond the means of the average Chinese phone buyer. (See TIME's top iPhone applications...
...Despite those initial barriers, the iPhone seems likely to transform the mobile-phone market in China. While smart phones occupy just 10% of the Chinese mobile market now, that will jump to as high as 30% next year, Zhang says. Apple's model may take time to expand its market share, but it has already forced wireless giants like China Mobile to react. In July the world's largest mobile carrier said it was developing its own smart phones using software based on the Android operating system and manufactured by Dell, Philips and Samsung. If you want to know...