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Rumors regarding the development of a smart phone based on software from Microsoft by Taiwan's Chi Mei Communication Systems have been confirmed. The device has earned regulatory approval by the U.S. Federal Communications Commission.The FCC published details of the telephone on its Web site Wednesday after the handset received clearance from the FCC to be used in the U.S.Regulatory approval from the FCC is required for all cellular telephones before they can be used in the U.S. and this is usually one of the final stages a product goes through before commercial launch.