Bangalore,India: A mystery event has been scheduled by Facebook for January 16th, and Facebook is keeping its cards close to the chest on what the topic will be about. Many reports have carried that a Facebook phone will be unveiled at the event, but whether it will be a facebook-branded phone manufactured by an OEM or a phone running a facebook OS is unclear. However, Facebook founder Mark Zuckerberg has often been quoted as denying that the company is competing in the smartphone arena. There are strong rumors that facebook will be announcing a new mobile OS of its own, using a forked version of Android since it is familiar territory. Another possibility is that facebook will announce some kind of search engine, given that it has so much data to work with from its 1 billion+ user base. However, there are some analysts who have cited that it won’t be a “dealbreaker” of an announcement, considering that they are announcing financial results on January 30th to their shareholders, so it would make more sense to make a big announcement then. Whatever it may be, we can only find out the truth at 10:00 AM PT on January 15th,2013.