To: windage_ky who wrote (86973 ) 11/10/2000 3:14:28 PM From: Cooters Respond to of 152472 AOL, Gateway launch Web device with AOL service <<Gateway plans to offer a wireless pad that will include access to music and video next year for $899, executives said.. >> --From AOL. The current device sounds like Bluetooth, or something similar, but the cut above sounds CDMA to me.-- Cooters NEW YORK, Nov 10 (Reuters) - America Online Inc. <AOL.N>, the world's biggest Internet access provider, and computer maker Gateway Inc. <GTW.N> unveiled on Friday an always-on Web device that provides Internet access from anywhere in a home. The household appliance with the new "Instant AOL" service is designed to give users access to electronic mail, messaging, and content like news, weather and recipes from a touch screen device. Gateway President and Chief Executive Jeff Weitzen said the new Gateway Connected Touch Pad was aimed at people who were uncomfortable using a personal computer or who wanted a second way to access the Internet. "This is going to be much more 'plug and play' than anything the consumer has seen before," he told a news conference. AOL shares were off $1.56 at $51.12 in early afternoon trading as technology stocks slipped overall. Gateway's stock fell $5.65 to $40.55. Weitzen said the Touch Pad cost $599 and could be ordered starting Dec 1. The AOL service will cost $21.95 a month, he said. The gadget is the first byproduct of a pact struck in April between AOL and Gateway, the No. 2 direct reseller of personal computers. A second device, the Gateway Connected Music Player, provides access to music files stored in a personal computer and costs $299. Web appliances are easy-to-use compact devices designed to provide quick access to Internet content such as recipes and coupons or to e-mail from any room in a house. Several companies, including AOL rival Microsoft Corp. <MSFT.O>, are working on them. The Gateway touch pad uses a low-energy Crusoe processor from Transmeta Corp. <TMTA.O>, a semiconductor designer, and modems from Broadcom Corp. <BRCM.O>, which makes high-capacity communications chips. Broadcom was flat at $162-7/16. Transmeta, which went public on Tuesday, eased $3-3/8 to $40-15/16. AOL is awaiting U.S. regulatory clearance for its $127 billion purchase of media giant Time Warner Inc. <TWX.N>. The deal would make it the world's largest Internet media company. Gateway plans to offer a wireless pad that will include access to music and video next year for $899, executives said.. 14:49 11-10-00