Asustek and Intel introduced a new type of notebook at the Computex trade show in Taiwan. The Eee PC 701 (the 'E's stand for easy) portable has a 7-inch display, weighs less than 2 pounds and is built primarily for Internet use. It will run on "full desktop mode" with Windows XP or Linux, or an "easy" mode. It's similar to Palm's new Foleo device and is reported to cost around $200.
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Source : news.com.com
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