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Nvidia's Tablet Of Its Own - And Others

Stocks in this article: NVDA GOOG HPQ

NEW YORK ( TheStreet) - Chip maker Nvidia (NVDA) has formally announced the Tegra Note - an Android tablet with a price tag of $199. It's a device designed to compete directly with the Google (GOOG)/ Asus Nexus 7.

The new Tegra Tab runs on Nvidia's Tegra 4 processing unit with 72-core GeForce graphics processing and quad-core Cortex CPU, designed to get more graphics capabilities out of the tablet. There is a fifth core just to help save battery power. Nvidia says the tablet is good for as much as 10+ hours of HD video playback before you need to tether it to an A/C outlet.

Nvidia shares were down slightly in Thursday trading, recently changing hansd at $15.99.

According to the announcement the Tegra Note boasts "exceptional sound" from front-facing speakers, a "groundbreaking cameras" (5 MP on the back, VGA up front), "TegraZone-optimized" games as well as "accessories galore".

The Tegra Tab differs from the competition by including a stylus. Nvidia says its DirectStylus technology "transforms a normal stylus into an incredibly responsive experience". Nvidia claims the system is capable of fine line/broad stoke control especially when using the new apps bundled with the tablet.

The Tegra Note's screen resolution comes up short when compared to the competition. Nvidia's tablet offers a screen resolution of 1280 x 800 pixels, compared to a 1920 x 1200 pixel display for the Nexus 7, which costs $229.

The company had demonstrated a early version of the tablet at the Computex industry show in Taipei back in June. At that time the device was simply known as the Tegra Tab.

The new device will also be available in re-branded form. This morning HP (HPQ) announced a Tegra Note tablet as part of its new line of Android and Windows devices. HP calls its version the Slate 7 but didn't announce what it plans to charge for it.

--Written by Gary Krakow in New York.

>To submit a news tip, send an email to:

Gary Krakow is TheStreet's senior technology correspondent.

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