HP's Slate, Revealed

10:10 AM -- More details have emerged about HP Inc. (NYSE: HPQ)'s upcoming Slate device, thanks to an internal document unearthed by Engadget that compares the tablet device with the Apple Inc. (Nasdaq: AAPL) iPad.

HP's Slate, which will run on a 1.6GHz Intel Atom Z530 processor, has only five hours of battery life compared to the iPad's 10 hours, but it is equipped with two cameras -- which is two more than the iPad has.

The 32GB version of HP's Slate will cost $549, and the 64GB version will cost $599. This compares with Apple's prices of $599 and $699 for comparable models; however Apple does also offer a 16GB model for just $499.

In other news:

  • Microsoft Corp. (Nasdaq: MSFT) plans to unveil a new line of mobile phones at an event in San Francisco on Monday. According to The Wall Street Journal, Microsoft is partnering with Verizon Communications Inc. (NYSE: VZ) and Vodafone Group plc (NYSE: VOD) to release the phones later this month. The phones, which will emphasize social-networking connections, will be targeted toward the younger crowd.

  • Time magazine is charging $4.99 a week for its iPad app -- the same price of picking up the magazine on the newsstand. In Time's defense, its digital version contains some extras and it plans to offer digital subscriptions soon. Time had this to say to AllThingsD: "We are offering a compelling, robust and beautiful product. The production of this high quality, fact-checked reporting takes resources. We believe there is a real value to this product and as consumers experience it, they will agree."

    — Erin Barker, Digital Content Reporter, Light Reading Cable

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