iPad Rivals Loom

10:10 AM -- Several iPad competitors are set to emerge in the near future, according to a story in today's New York Times. The highlights:

  • Google (Nasdaq: GOOG) is developing "an e-reader that would function like a computer," CEO Eric Schmidt apparently blabbed at a party in LA, despite having previously dismissed the iPad as nothing more than a "large phone." The device would run on the Android operating system. According to NYT, Google has already been talking with publishers about delivering books and magazines on the device.

  • Microsoft Corp. (Nasdaq: MSFT) is working on a fold-out, two-screen device, which is called the Courier and has wowed the public in leaked photos and video. But the software giant still has concerns about both the battery power required for two screens and what the device's target market would be.

  • HP Inc. (NYSE: HPQ) will launch a smaller tablet device -- nicknamed the "half pint" -- with a six-inch screen later this year.

  • Nokia Corp. (NYSE: NOK) is still mum on the "slate-cum-e-reader" it's readying.

    — Erin Barker, iPad Reporter, Light Reading Cable

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