This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Asus Touts MeMO Tablets

NEW YORK ( TheStreet) - Just a few days after the Consumer Electronics Show (CES) wrapped up for this year, computing giant Asus has made an announcement which could have big repercussions throughout the tablet industry.

Following the success of its Google (GOOG) Nexus 7 Android tablet, the Taiwanese firm has announced its own MeMO Pad line of tablets - and wait until you see the price.

Based, in part, on the knowledge it gained making the Nexus 7 tablet, Asus' MeMO will also have a 7-inch touchscreen (although, at 1024 by 600 pixels, it's not as sophisticated), 1 GB of RAM, at least 8 GB of storage, a 1 MP camera on the back, and a 1 GHz processor made by VIA Technologies. The device runs on the Android 4.1 (Jelly Bean) operating system.

The MeMO Pad has battery life of up to 7 hours on a charge and weighs a hair over 13 ounces.

OK, here comes the best statistic - pricing. The 8 MB MeMO Pad will retail for $149. No price is listed for the 16 GB model in the overnight press release. It will come in three vibrant colors with names like "Sugar White", "Titanium Gray" and "Cherry Pink."

Asus says the MeMO Pad will be available sometime this month "in selected markets from authorized Asus retailers."

Expect both Amazon (AMZN) and Barnes & Noble (BKS) to have something to say about a new, challenging entry into the sub-$200 tablet marketplace.

--Written by Gary Krakow in New York.

>To submit a news tip, send an email to: tips@thestreet.com.

Gary Krakow is TheStreet's senior technology correspondent.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,987.51 -61.49 -0.36%
S&P 500 1,985.54 -11.91 -0.60%
NASDAQ 4,567.5980 -24.2080 -0.53%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs