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By Jason Stipp | 04-16-2010 10:03 AM

Five Things That Made Us Go 'Hmm'

Markets editor Jeremy Glaser reports on the week's head-scratchers.

Jason Stipp: I'm Jason Stipp for Morningstar and welcome to the Friday Five. This is our look back at five interesting headlines for investors. We have some 80 degree weather here in Chicago today and it's making me go, "Hmm."

Morningstar Markets Editor Jeremy Glaser has also got five things that are making him go, "Hmm," from the markets. He's here to join us. Thanks for joining me, Jeremy.

Jeremy Glaser: You're welcome.

Stipp: So, what do you have for the Friday Five this week?

Glaser: A few head scratchers, but we saw Microsoft introduce a phone. The former CEO of WaMu testified in front of Congress. Toyota runs into even some more problems, if that was even possible. We saw retail sales numbers come in even better than we expected. And finally, some interesting perks out of Abercrombie.

Stipp: Sometimes when I'm using a Microsoft product I go, "Hmm," a lot. So what do you have on Microsoft today?

Glaser: They introduced a new phone called the KIN, two models that are geared mostly towards teenagers and to the tween crowd. So, in the same group of people that brought out the Sidekick, which was so popular on T-Mobile for years. What made me kind of question this decision is that it's a completely separate platform from their Windows Phone 7 that they're rolling out later.

Now, the idea of Windows Phone 7 is to compete against the iPhone and against the Android and to be a truly modern smartphone application, but the KIN is completely separate. And I think that a lot of teenagers are not going to be that excited about getting somewhat of a dumbed-down smartphone. With the pricing for a lot of these full feature phones at around $99, I don't know if there's a lot of place for this kind of "in between" a "regular" phone and a "smart" phone. It's a weird market to get into.

Stipp: So much competition in this space, you really have to hit the nail on the head on that one.

Glaser: Exactly.

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