Droid Phones: Update on the Frenzy

After weeks of sweaty palms and a whole of lot of buzz, Verizon Wireless today officially took the wraps off the Droid, a smartphone built by Motorola and powered by Google's Android 2.0 operating system. In a call with reporters, John Stratton, Verizon's chief marketing officer, said the price of the Droid will come in at $199, with a two-year contract and a mail-in rebate. The Droid phones will hit shelves on Nov. 6.

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