If you think you're good at typing on that cramped handset of yours, listen up: LG is promoting its second annual LG National Texting Championship, MediaPost reports, promising $50,000 to the fastest texter out there.

Contestants must use an LG phone featuring full QWERTY keypads such as enV2, enV, V, Voyager, Rumor and Scoop, the report said—but Ovum lead analyst Jan Dawson said that it's unlikely the promotion will have a significant effect on sales for the number four handset maker.

"These contests are made to give the company a brief boost in awareness among consumers," he said in the report. "It might create a small blip, but not much more." For more details and to enter, head over to www.lgtexter.com.