NEW YORK (

TheStreet

) --

Amazon's

(AMZN) - Get Report

rumored tablet will undercut

Apple's

(AAPL) - Get Report

iPad on price, according to the

New York Post

.

The e-commerce giant's much-rumored tablet would be offered at less than the iPad's $499 entry price.

This news comes after

Hewlett-Packard's

(HPQ) - Get Report

blow-out $99 "Touchpad" sale

last weekend.

Amazon tablet chatter has been circulating for several months

, with expectations that a device would be introduced in October.

-

Reported by Jeanine Poggi in New York.

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