France's Modelabs does serious business brewing up custom devices for companies looking to slap their logo on a line of cellphones, and the latest to enter the fray is going to be decidedly Swiss. TAG Heuer, best known for its watches, is looking to grow the brand well beyond wrist candy; the CEO says he was encouraged by the success of its recently-launched eyewear line and figured that the luxury phone market was a good market to tap next, a rumor that has dogged the company for most of this year. Look for the fruits of Modelabs' and TAG Heuer's joint efforts to materialize in the second half of 2008. Here's our question, though: will it tell the time? These guys wouldn't want to put their bread-and-butter division out of work, right?