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Just two months after filing for an IPO, Danger, Inc. has been purchased by Microsoft for an undisclosed amount. Microsoft says the acquisition is part of a larger push into the low-end consumer smartphone market, where Danger was dominant until the advent of the iPhone. Danger, maker of the popular Sidekick, controls every phase of the user experience. All ringtones, applications and Internet traffic on its phones flow through Danger's servers. Sounds like something Microsoft can embrace. (Photo by AP/Lucas Jackson)