LiMo or Mobile Linux

Motorola, NEC, Panasonic Mobile Communications and Samsung, and carriers NTT DoCoMo and Vodafone have got together to form the LiMo Foundatation to encourage Linux as operating system (with applications) for mobile devices.

Membership starts at $40,000 and goes up to $800,000 for big companies and allows access to code and contributions to it.

There's already several Linux variants out there and hopefully this will standardise things, though they might be fighting a losing battle now Symbian have added some POSIX capabilities to their OS.

It might do some hard to Microsoft who are winning inroads in to the mobile market with Windows Mobile.
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