I came across some really interesting news today as huge silicon valley venture capital fund Kleiner Perkins Caufield & Byers has set up a $100 million ‘iFund’ to invest in companies building applications for the iPhone.

Nokia is preparing its response to Apple's iPhone with a device currently codenamed 'tube'. It will support Java and I'm guessing (with Nokia's current commitment to mobile navigation and location) it will include GPS. Vice President of Forum Nokia, Tom Libretto, also provided an entertaining quip and dig at Apple... In reference to Apple having shipped 5 million to 6 million iPhones since launch, Libretto responded "We've done that since dinner on Friday." Nice!