Verizon, Microsoft to launch iPhone killer 'Pink' in 2010

The Wall Street Journal reports as fact, not as "according to sources," that Microsoft has a multimedia touchscreen phone code named Pink. Microsoft and Verizon, the Journal says, plan to launch the phone and an app store early next year specifically as an iPhone competitor.

The news comes after Verizon and Apple execs got into a press conference food fight over whether or not Verizon would offer the iPhone next year. The current iPhone models are not compatible with Verizon's CDMA network technology.