There are several reports suggesting that the company may soon do exactly that.

On Friday, tech news site TheInquirer.net reported that the company is developing a phone that will use an Nvidia processor called Tegra. The phone supposedly will be launched at the 3GSM conference this coming February.

Today, CNBC offered a slightly different version of the Microsoft phone rumor, asserting that the company will create a Zune-based phone code-named “Pink,” which could be unveiled at the Consumer Electronics Show in January. There have been rumors about the nature of the company’s “Project Pink” going back at least a year; back in May, ZDNet reported that Pink consists of a set of consumer-focused premium mobile services, including some from its Danger acquisition.

Read the rest of this post