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PETALUMA , Cell phones are ringing in Telecom Valley and equipment makers are listening.  The year 2007 saw unprecedented investment in wireless companies: $356 million in the first quarter alone, according to Celent Research. That surge of capital is expected to continue this year.  Apple’s iPhone was easily the product of the year, opening the floodgates to music-enabled cell phones. Google announced it would join forces with wireless leaders T-Mobile, HTC, Qualcomm and Motorola among others to collaborate on the first open platform for handset applications development.  The movement is expected to give rise to a palette of new cell phone services and drive costs down for the consumer.  These developments and other wireless initiatives have created a very volatile market, said Henry Wasik, president and CEO of Turin Networks, which has broadened its focus on carrier Ethernet to include wireless access and data storage.