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, aiming to move beyond corporate users, is preparing to release a new smart phone that also will be marketed to consumers,

The Wall Street Journal

reports, citing people briefed on the plan.

The device will debut in Europe, likely within the next two months, and will be sold by a mobile carrier in retail stores, the

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reports. The device will later be released worldwide.

The new device will have a touchscreen and keypad and will use Microsoft's Windows Mobile 6.1 operating system. It will be able to send and receive emails, and access the Internet, according to the



The phone is the latest version of H-P's iPaq devices, which it has been selling since it bought Compaq in 2002. H-P primarily focused earlier iPaqs on businesses and typically didn't sell them through retail stores.

This article was written by a staff member of TheStreet.com.