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AT&T has withdrawn its $39 billion bid to takeover T-Mobile. The company acknowledged that government opposition had made the deal too difficult to pursue. The Federal Communications Commission stated that the takeover would stifle investment and hurt consumers. In other news, IBM released its yearly predictions for technology that will become part of everyday life within the next five years. The most interesting prediction is the belief that entertainment devices will be able to translate our thoughts into digital actions, by wearing a headset that will read your brainwaves. And finally, wearable devices might just be the future of portable computing. The New York Times reports that Apple and Google are working on a new type of device that relies on your smartphone as a hub for peripheral electronics. Conceptual products include a curved-glass iPod for the wrist.