Palm Touts Mobile Mini-PC

Its applications also include a full-screen Web browser, and editors or viewers for common business documents such as Word, Excel, PowerPoint and PDF files.

Foleo mobile companions will work with Palm's Treo smartphones. Smartphones based on operating systems from rivals Research In Motion(RIMM Quote), Apple(AAPL Quote) and Symbian can also be supported, said Palm.

Although designed primarily as a companion to a mobile phone, Foleo will have its own Linux-based operating system, built-in Wi-Fi radio, a USB port, video-out port, headphone jack and slots for SD and compact flash cards for memory expansion.

Shares of Palm were up 19 cents to $16.37 midday.