is developing a pocket-sized device for accessing the Internet, according to
The Wall Street Journal
, which says that the product could go on the market later this year.
Citing people familiar with the company's plans, the
says that the device will run on
Android software and will be slightly larger than
Another person who was briefed on the project told the newspaper that Dell may start selling the gadget later this year, although the plan could be delayed or even scrapped.
A number of tech companies, including Apple and
. A move into MIDs would boost Dell's presence in the consumer space; there have already been rumblings that the company is planning to enter the smartphone market.
Rumors recently surfaced that the firm is eyeing a major
, possibly in storage or services, although
as a possible M&A target.
The Round Rock, Texas-based company has not yet responded to
's request for comment on this story.
Dell's stock has risen steadily since March, and the company has also been cited as a
Nonetheless, the firm's shares were trading Tuesday at $13.72, well below their 52-week high of $26.04.
Dell has certainly felt the strain of the spending slowdown, which has hammered sales to consumers and businesses. During its recent first quarter, Dell
sequential and year-over-year sales declines in all areas, most notably in desktop PCs and network storage equipment.
Dell, which competes with
story, boosting its efforts in services, storage and virtualization.