Random House to Enter Phone Text Market

"Over the past couple of years, the cell phone has emerged as a sound system, a video game player and a TV screen. Now, it could become the latest outlet for books.

Random House, the country's leading trade book publisher, announced Thursday that it had purchased a 'significant minority stake' in VOCEL, a San Diego-based company that describes itself as a provider of 'premium-branded applications for mobile phones.'"