1. iPhone lite: This phone would be a cheaper and thinner version of the existing iPhone to target customers who doesn’t require all the features on the iPhone. This up to some extend explains why the Cupertino Company had been acquiring PA Semi, Arm and PowerVR licenses.

2. Media Pad: This new product could be something like the Amazon candle, but with a larger screen and would likely support the present functionalities of the touch and the iPhone. Media Pad in all probability have a virtual keyboard. Media Pad could possibly be the reason why Apple place orders for the 10-inch touchscreen.

This latest rumors ruled out the possibility of Apple developing a CDMA compatible version of the iPhone. Apple COO and Interim CEO  Tim Cook earlier did rule out the possibility of manufacturing CDMA compatible iPhone citing that the technology would be wiped out in a matter of years. These is all good news, but we have to wait for Apple to open its mouth.

Slot machine maker International Game Technology says 38-year-old Rachael Renee Romanick hit the jackpot Sunday night at Terrible’s Rail City in Sparks.

Romanick says a friend persuaded her to join him at the casino that night. She says she had been playing the machine for about 10 minutes when she landed the big prize.

The largest jackpot ever won was $39.7 million at the Excalibur Hotel and Casino in Las Vegas in March 2003.

IGT says it’s pleased that the “life-altering prize” went to a local resident.