Despite Reports Google Did Not Just Buy ICOA

alphatel writes "In an odd PRWeb snafu, a press release was issued citing sources at Google as having acquired wireless carrier ICOA for $400 million. In full-out retraction, both companies denied the deal outright. Is this a case of pre-release or simply false PR by a third party? Could such incidents be used for pump and dump schemes?" ZDNet reports that, "at midday, more than 3 billion shares (pink sheets) traded over the counter for ICOA."