If this statement proves to be correct, then Google won't just be pimping cellphones, they'll be making them as well. Isabel Aguilera, Google's chief executive in Spain and Portugal confirmed this week that the company has been working on a mobile phone.

In an interview with Spanish news site Noticias.com, she revealed that the company is working on a lot of things and one of them is the rumored Google phone. She further explained that "some of our engineers' time is dedicated to the development of a mobile phone." Rumors about bigtime tech companies getting into the mobile phone business are a dime a dozen - first there was the iPhone, then the rumor about the Zune Phone, and now here comes the Google phone rumors.

But the Google honcho's statement appears to indicate that the Google phone is more of a concept than an actual product as she also mentioned that "70% of the time of the engineers are dedicated to develop the company's main products, 20% of the time to develop related products, and 10% of their time are centered in the product development that at some time could have to do with our business." Ergo, the Google phone could just be a side business of sorts.

But then again, we could be wrong.