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Palm Unveils Device Aimed at Corporate Users

Palm

(PALM)

unveiled its new i705, a pocket computer organizer that can email and communicate without wires, as well as surf the Web.

The device marks a strategic switch in which Palm will target the corporate market. It plans to unveil a server-based system this summer that will allow companies to securely transfer information to the individual machines using a variety of wireless plans that start at about $35 a month.

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Shares of Palm were recently up 13.3% to $4.42 in Instinet premarket trading after closing at $3.90 Friday on the

Nasdaq

.