Moral issue? Found a phone - should I keep it?

kboy uhm, allright i stepped in the shit first here, but come on that's not really comparable is it? It's not like the owner dropped the phone in front of me and i picked it up and left

This is true, but how hard would it have been to find 'Home' in the phonebook and given the fella (or lady) a call to say 'Hey, I just found your phone, want to come pick it up from me?'