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IPhone Competitor Gets $20 Million Of VC Funding

CNN   |  Paul R. La Monica   |   July 30, 2007 10:43 AM


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Apple's (AAPL) iPhone has been a huge success so far....even though some overly ebullient Apple investors thought AT&T (T) didn't sign up enough customers in the first few days of the phone's release.

And now that Apple has set its sights on dominating the mobile Internet, a smaller privately held company called Action Engine is hoping to capitalize on Apple's move into mobile phones.

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