As expected, Barnes & Noble (NYSE: BKS) has announced its entry into the e-reader market. The top bookseller, with green stores all over the country (and, for that matter, my neighborhood) is eager to get a taste of of the success Amazon (NASDAQ: AMZN) has realized with the Kindle.

The Barnes & Noble e-reader, which will be called the Nook, will be available at the company's more than 750 locations in the United States at a price of $259. Essentially, it's coming in at the same spot as the Kindle, which currently owns 60% of the U.S. market.

It usually isn't the biggest news in the tech realm when someone introduces a new phone, but the situation is a bit different when the phone uses Google (NASDAQ: GOOG) software and is made for smartphones on the AT&T (NYSE: T) network. The phone will be made by Dell (NASDAQ: DELL), features the Google Android system for its technology, and will be launched in the United States early next year, as reported in the Wall Street Journal (subscription required). This is a notable phone, as it is Dell's first foray into the U.S. cell phone arena.

Dell's offering will feature a touch screen rather than a keypad and will feature a camera -- much like Apple's (NASDAQ: AAPL) iPhone. The Dell offering will be similar to another Dell device that it showed in China back in August, but with a few different features. Google figures in, as its Android technology will run programs like a Web browser, music player, and games for the Dell phone. While many are going to focus on why the phone is good for Google, I'd rather focus on why this phone will be a spectacular failure.

Wall Street appears ready to claim a third straight day of gains as stocks continue a rally cheered by brighter economic news and expectations of higher corporate profits. All three major U.S. indexes -- the Dow Jones industrial average, the S&P 500 and the Nasdaq composite -- were higher in premarket trading Wednesday morning.

Yesterday, the Dow Jones industrial average had its second-straight day of double-digit point gains, picking up 131.50 to end at 9,731.25 after Australia boosted interest rates citing an improved economy and earnings expectations that rose for the just-concluded third quarter.

Google (NASDAQ: GOOG), which already has most of the money in the world, seems intent on grabbing Microsoft's (NASDAQ: MSFT) pile by elbowing its way into the operating system business.

Last year Google introduced its own web browser, Chrome, and a platform for smart phones, Android. Now the Wall Street Journal (subscription required) reports that by the end of next year it will roll out an operating system to compete with Windows.

Reportedly, PC giant Hewlett-Packard (NYSE: HPQ) is "studying" Google's (NASDAQ: GOOG) Android operating system as it tries to determine if the software will work well with its computers. HPQ is examining the system's computing and communications functions, although a company spokeswoman would not comment on the possibility of HPQ shipping Android-powered products.

If we see an Android alliance between the two companies, HP could sell netbooks (miniature laptops) pre-loaded with the Android. Such an alliance could be a boon for Google, as it has tried to convince PC makers to load the Android in notebooks in an attempt to allow users to share data between netbooks and phones.

Google (NASDAQ: GOOG) may be working on an arrangement to put its Android handset operating system into PCs. The move would not be helpful to Microsoft (NASDAQ: MSFT). According to Bloomberg, "Asustek Computer Inc., which pioneered the market for sub-$500 laptops, may install Google Inc.'s free Android operating system on its low-cost notebooks, challenging the dominance of Microsoft Corp.'s Windows software."

It is hard to see it as a challenge. Netbooks run OSs from other software development sources like Linux. Most buyers of the small machines have to upgrade to the more useful and robust version of Windows if they want its full functions of Word, spreadsheets, PowerPoint, and multimedia capacity.

Google, Inc.'s (NASDAQ: GOOG) Android mobile operating system just received a rather large shot in the arm. The Open Handset Alliance, which supports the Android operating system, gained a bunch of new members this week. Companies like Sony Ericsson, Vodaphone Group Plc and ARM Holdings all joined the Google-created OHA, but there remains one major feat for these hardware manufacturers and mobile phone carriers.

That feat is to create more Android-powered smartphones that will compete with the likes of Apple Inc.'s (NASDAQ: AAPL) iPhone and the most-used mobile operating system in the world, Symbian, where Nokia Corp. (NYSE: NOK) is the main cheerleader. Sony Ericsson announced that it would have an Android-powered device sometime in 2009. With a total of 47 members, Google's feat here is pretty staggering. To get that many leading hardware and mobile partners to join in on anything is a monumental feat.

Then again, 64 companies have indicated they plan to join the Symbian Foundation, which will give them royalty-free access to Symbian's marketing-leading software for mobile handsets and smartphones. The battle is far from over, with Symbian, Android and the tightly-controlled iPhone ecosystem all playing on the same field (and there are others as well). Google's Android is not guaranteed market-leading success unless it can find a way to give its partners some type of competitive advantage. So far, there is very little compelling evidence this is happening -- but then again, the first Android handset only shipped two months ago.

My view of the world is partly framed by my computer screen, so I found it nearly impossible to ignore the clamor this fall about new Web browsers. At the end of August Microsoft (NASDAQ: MSFT) released a beta version of Internet Explorer 8, which was followed a couple days later by an online comic book that announced Google's (NASDAQ: GOOG) launch of Chrome, for Windows only.

And who could ignore the buzz in October about Microsoft's SearchPerks, an incentive program with prizes for those willing to sift the Web via its search engine Live Search? Or the fact that yesterday Google announced a new way for users of its search engine to customize their results, ranking and annotating them?

I wondered why these big public companies considered browsers so important, why they had spent the money to update them and give them away for free over Labor Day weekend--and even to reward me to search online. So I rolled up my sleeves, downloaded, read some and talked to a stock analyst.

I was not the only one to notice some similarities in the two new browsers: Both offer private browsing (Web surfing without leaving any history) and crash recovery (so that only the specific tab involved in opening a faulty Web site fails not the whole browser application).

Yet each browser has innovations. As reporters and reviewers have noted about Internet Explorer 8, for example, Accelerators allow you to highlight a term to use it as a launch pad for such applications as mapping, translating and e-mailing. The Web Slices feature lets you plant a snippet of a favorite site atop your browser; you'll be alerted as it's updated.

Chrome sports what Google calls a "streamlined" look. The browser is designed as a giant box, with its features tucked neatly inside for you to pull out. Chrome can also showcase within your browser screen nine small views of your most-traveled Web sites. BusinessWeek points out that it's the "wizardry" under the hood that really matters and that enables this browser's applications to run fast.

These browser makeovers come, says Scott Kessler, senior director of information technology at Standard & Poor's Equity Research, as browsers and search engines have increasingly become linked. "Companies are ... appreciating the increasing relevance of the browser and search in terms of how they communicate with the world, users, customers," he says. "A lot of applications that formerly ran on computers or desktops now operate within the confines of the browser itself."

Motorola's (NYSE: MOT) handset business had a global market share of 22% two years ago after it launched its successful RAZR, but that turned out to be a "one hit wonder". On a good day, MOT's share of worldwide handset sales is 12%.

Motorola is spinning its handset operation out to the public, but it has done so poorly; it is hard to see what the public will get. The head of the new company does what all CEOs do when they are in trouble. He fires people.

Sanjay Jha, the just-hired chief executive, will also begin to adopt Google's (NASDAQ: GOOG) Android phone operating system for many of the company's new models. According to The Wall Street Journal, "Motorola is hoping that the open-source Google platform can attract developers of sophisticated applications."

Those plans are not likely to work. For starters, the Android software system is new and so far there is no evidence it will be widely adopted. While its use may spread, betting on something so novel has tremendous risks.

The other, more vexing problem is that Motorola has not had a handset design that has been a big hit with consumers in over two years. No matter what OS the company is shipping on its phones, unattractive and feature-poor products are not going to get MOT back in the game.

Product. Product. Product. Motorola does not have one. Everything else is academic.

Douglas A. McIntyre is an editor at 247wallst.com.

This post is part of a feature on companies and products that our bloggers think are in need of a makeover. See all 26.

When Microsoft Corp. (NASDAQ: MSFT) released its Windows Vista operating system product almost two years ago, the market was initially excited. That excitement turned to boring indifference as customers, both business and consumer, realized that this was just another update to Windows. Nothing revolutionary, or even evolutionary (in many minds). The problem was this: Windows Vista was a huge change under the hood, but where its users interact with it, it seems like a boring reinvention of an operating system from half a decade ago.

But Microsoft doesn't just make operating systems. It's into the office productivity business (Microsoft Office, anyone), it's big into the mobile business (Windows Mobile), and it's tried desperately to compete with Google Inc. (NASDAQ: GOOG) in the web search advertising business (which has largely failed). So, the company, which continues to make a ton of cash every quarter by selling Windows on all those global PCs that are sold, has no debt and a ton of cash under the mattress. It's still a boring company with a business model that's being made rapidly outdated by the internet and web-based competitors. Should it take its cash, return it to shareholders, and close up shop? Though this was suggested of Apple Inc. (NASDAQ: AAPL) some time back, that company roared back (maybe you've heard). Can Microsoft?

When Google, Inc. (NASDAQ: GOOG) and Taiwanese smartphone maker HTC announced that T-Mobile USA would be the first wireless company to carry a wireless smartphone running Google's hyped Android operating system, those who have refused the iPhone and were fervent Google supporters finally had a reason to cheer. There have been several unknowns, with the most important one being a launch price.

This may have just been cleared up. CrunchGear is reporting that the HTC/Google "Dream" Android-based smartphone will sell for $200 when released on T-Mobile USA sometime in October, or more precisely for $199 as the WSJ reports today. This is identical to the pricing of the iPhone 3G on AT&T, Inc. (NYSE: T), so if there are any doubts Google and T-Mobile are squaring up to compete head-to-head with Apple, Inc. (NASDAQ: AAPL) and AT&T, those have been nicely squashed.

Sprint Nextel Corp.'s (NYSE: S) first attempt to compete with a unit very much like the iPhone was the Samsung Instinct. That particular phone, which was released in June, has quickly become Sprint's best cellphone seller in over two years. Can the HTC Dream Android-powered phone give T-Mobile USA a lift like this? Both Google and T-Mobile USA hope so, although Apple iPhone 3G sales certainly are not slowing down. But there are folks who will never want to be involved with AT&T at all (even with the iPhone 3G exclusivity), so having choices outside the Apple/AT&T world could spell immediate success continuation for Sprint Nextel and soon for T-Mobile USA.

Usually, at the bottom of my posts I disclose that I own Apple Inc. (NASDAQ: AAPL) stock. Over the past couple years, it's been a nice fundamental stock with easy to read technical indicators that have allowed me to add to my retirement account.

But if you're using technicals to get in and out of a stock, you have to pay close attention to what is going on, and my attention was elsewhere during a recent project deadline. Behind my back, the stock dropped from the $170s to the $130s in the space of my busy single month.

My loss could well be your gain. Apple has leapt to a 10.6% market share in notebooks, and Piper Jaffray's Gene Munster expects Apple to show significant year-over-year sales gains with almost 3 million Macs and 11 million iPods. Recent customer surveys of people planning to buy a new computer have 34% interested in a Mac. But the recent general market, as well as fears about Google, Inc. (NASDAQ: GOOG)'s Android phone challenging the iPhone, have depressed the price. I've added to my portfolio at this price, as a result.

But don't take my word for it. Finance guru Jim Cramer also agrees that this recent drop in price makes Apple an attractive bargain:

You have to look hard to find good news about Citigroup (NYSE: C) these days. but despite all the bad headlines, the company continues to find new ways to innovate.

Take its joint venture Mobile Money Ventures LLC (MMV), which is an alliance with SK Telecom. Basically, this is a new company that is building new financial mobile applications.

On Monday, MV debuted a new offering – and it leverages Google (NASDAQ: GOOG)'s Android. In fact, I saw a demo of it at the 2nd Mobile Commerce Summit.

All in all, it's pretty cool. The application helps with tracking and payments (there are also person-to-person transfers). Plus, you can even get mobile coupons and rewards – and send them to friends.

More importantly, the interface is intuitive and quick. It has a slick iPhone feel.

While the mobile banking market is still in the nascent stages, it looks like the growth rate will be particularly strong (just as was the case with ATMs during the 1980s). No doubt, Citigroup is making the commitments to be a top player in this important category -- which is likely to lead to more customer engagement and hopefully more profits for the long haul.

Tom Taulli is the author of various books, including The Complete M&A Handbook and The Edgar Online Guide to Decoding Financial Statements. He also operates MergerBook.com.

Since the late 1970s, Microsoft (NASDAQ: MSFT) has had to deal with the extreme complexities of evolving an operating system. It has required some of the brightest programmers in the world. And, of course, it has been far from a smooth process.

Ironically enough, the engineers at Google (NASDAQ: GOOG) seem to be having the same kinds of problems with its mobile operating system, Android according to the Wall Street Journal.

Basically, the mobile world is highly fragmented with many types of devices. Some screens are small; some are larger, they run on different networks, and so on.

Now it looks like there will be some delays in the launch of various Android devices, such as from T-Mobile USA, China Mobile (NYSE: CHL) and Sprint (NYSE: S). Apparently, Android is not necessarily easy to use. Plus, Google is continuing to make changes.

Hmmmm... again... sounds like Microsoft, huh?

To get some perspective on things, I had a chance to interview Frank Dickson, the co-founder and Chief Research Officer at MultiMedia Intelligence. According to him:

"The delays in Android handsets are hardly surprising. There are a lot of pieces of the ecosystem to coordinate including the enabling semiconductors, middleware, third-party applications, hardware, and infrastructure compatibility. Remember, the initial handsets need to work and work well as there is little patience for faulty cellular service by consumers. This takes time. Frankly, although Google can influence the velocity of the roll-out, much of the development and deployment of the handsets is out the control of Google. The operators will dictate the cadence; marching to the beat of a different drummer will not be permitted."

Tom Taulli is the author of various books, including The Complete M&A Handbook and The Edgar Online Guide to Decoding Financial Statements. He also operates MergerBook.com.

MAJOR PAPERS:

• Last November, Google Inc (NASDAQ: GOOG) and 30 partners were said be developing a new type of handset using Android that was expected to revolutionize the industry. The first new phones were expected to be available in this year's second half but are now slated for the fourth quarter the Wall Street Journal reported.
• According to people familiar with the situation, the Wall Street Journal reported that Citigroup Incorporated (NYSE: C) will make sharp cuts in its investment banking division this week.
• The Wall Street Journal reported that Live Nation Inc's (NYSE: LYV) Chairman, Michael Cohl, stepped down down as a director and executive to end the strategy feud with CEO Michael Rapino. over how to pursue the "360 deals" with music superstars.
• The Financial Times reported that there are worries that investment banks will accelerate the pace of their layoffs this summer, after it became known that The Goldman Sachs Group Inc (NYSE: GS) gave pink slips to workers in its investment banking division last week. Goldman is now expected to lay off up to 10% of the workers at the division.

OTHER PAPERS:

• New Jersey put its $150M center for stem cell research on hold, the Star Ledger reported, eight months after ground was broken on the project.