Updated from 8:12 a.m. EDTThe Neonode N2 is a very small, very cute cell phone. That's basically all you need to know. I could tell you it's a world phone that sports a very clever touch screen to handle everything from dialing the phone to surfing the Web. It takes a minute or so to figure out how to use its clever navigation system. But once you do, using the N2 is fun. Its compact size allows you to conveniently slip it into just about any size pocket or purse. There's a miniSD card inside that lets you store up to 4 GB of music and stuff. There are also two holes on the bottom that let you wear your Neonode phone around your neck, belt or even on a keychain. Everyone -- and I mean everyone who has seen it -- must touch it to see if it's real. Invariably, they ask where they can get one. I promise I'll tell you in a minute. But again, all you really need to know is that the N2 is a very small, very cute cellphone. The N2 is made by the Swedish company Neonode ( NEON). It also makes the incredible touch-screen technology that powers the phone.
Currently, the N2 is only available for sale in a few select markets (mostly European). Neonode is working on teaming up with a U.S. cellular provider -- hopefully with an announcement coming soon. Until that happens, the N2 is available, from Britain, on their Web site for a whopping $606. I know that's steep. But a large percentage of the people who've seen this phone -- and who want to buy it -- were not phased by the high price. Neonode is also working on a new, larger phone with lots more features. I'll bet it will be a winner too. Know What You Own: Apple operates in the technology industry, and some of the other stocks in its field include Dell ( DELL), Hewlett-Packard ( HPQ), Microsoft ( MSFT) and ( symbol) ( RIMM). These stocks were recently trading at ($19.46,-1.17%), ($46.18, -2.31%), ($28.19, -1.54%) and ($98.80, -2.55%) respectively. For more on the value of knowing what you own, visit TheStreet.com's Investing A-to-Z section.