Google Inc. is in advanced talks with two top U.S. cellphone operators, Verizon Wireless and Sprint Nextel Corp., about selling handsets tailored to its new mobile-phone operating system, people familiar with the matter said.

Deals with the carriers would represent a major breakthrough for the Internet search giant, which until now has encountered wariness from some quarters of the wireless industry about its mobile-phone plans. Google shares crossed $700 Wednesday on the Nasdaq Stock Market. The milestone is a fresh intraday high for the company, after it passed $600 for the first time only three weeks ago.

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