On January 6th there will be a conference that Sprint, Microsoft and LG leaders will host. The event is a secret right now, but rumors are speculating that the conference will involve some sort of major announcement involving WiMax technology being used in Microsoft’s upcoming Windows Mobile 7 operating system. LG (Life’s Good) will be manufacturing the WiMax Smartphones, it likely seems. Sprint will probably manufacturer their own WiMax Smartphones as well. Microsoft will be there to simply confirm that the news is true about WM7.

WiMax is a giant WiFi connection, essentially. It allows any internet-capable device to connect to the World Wide Web via an 802.16e connect. Watch the stock prices for these three corporations (MSFT, S, and LG) soar on the day of announcement, January 6, 2010. God bless capitalism.