Google announced today it would acquire mobile display ad serving platform AdMob for $750M in stock. AdMob is a 3-year-old San Mateo-based startup founded by Omar Hamoui. AdMob is a mobile advertising firm serveing ads on mobile websites and applications. It’s current clients include Ford Motors, Coca-Cola, Electronic Art, Procter & Gamble, MTV Europe, Adidas AG and Paramount Pictures.

This might turn out to be a risky gamble by Google as it tries to prevent competitor from entering the mobile advertising domain by overpaying for AdMob. It’s estimated that AdMob’s current revenue is $45 to $68 millions per year. However, Google currently already owns a major stake in mobile advertising with DoubleClick Mobile unit.

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Droid Google

First there was the Palm Pre, now Droid Google attempts to do the unthinkable, de-throne Apple’s iPhone.

Here are the features of the highly anticipated Droid Google by Motorola:

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